Consolidated statement of financial position
Consolidated statement of financial position as at 31 December 2024
(before appropriation of result)
| In millions of euros | Notes | 31 Dec. 2024 | 31 Dec. 2023 |
|---|---|---|---|
| Assets | |||
| Fixed assets | |||
| - tangible fixed assets | 4.5 | 9,434.2 | 9,237.2 |
| - intangible fixed assets | 6 | 140.0 | 90.2 |
| - investments in joint ventures | 8 | 666.7 | 488.3 |
| - investments in associates | 9 | 18.9 | 0.6 |
| - other participating interests | 10 | 7.0 | 7.0 |
| - deferred tax assets | 11 | 221.0 | 222.1 |
| - derivative financial instruments | 24 | 2.5 | 6.1 |
| Total fixed assets | 10,490.3 | 10,051.5 | |
| Current assets | |||
| - inventories | 12 | 142.1 | 169.9 |
| - derivative financial instruments | 24 | 4.5 | 0.8 |
| - trade and other receivables | 13 | 317.5 | 441.3 |
| - corporate income tax | 14 | 27.7 | 60.3 |
| - cash and cash equivalents | 15 | 66.4 | 294.7 |
| Total current assets | 558.2 | 967.0 | |
| Total assets | 11,048.5 | 11,018.5 |
| In millions of euros | Notes | 31 Dec. 2024 | 31 Dec. 2023 |
|---|---|---|---|
| Liabilities | |||
| Equity | |||
| - attributable to the N.V. Nederlandse Gasunie | 16 | 6,382.9 | 6,580.0 |
| - attributable to holder non-controlling interest | 17 | 17.6 | 16.0 |
| Total equity | 6,400.5 | 6,596.0 | |
| Non-current liabilities | |||
| - interest-bearing loans | 18 | 3,274.8 | 2,900.5 |
| - lease liabilities | 19 | 104.0 | 93.6 |
| - contract liabilities | 20 | 85.1 | 86.9 |
| - deferred tax liabilities | 21 | 190.5 | 209.5 |
| - employee benefits | 22 | 95.7 | 96.8 |
| - other provisions | 23 | 27.8 | 78.7 |
| - derivative financial instruments | 24 | 10.9 | 22.7 |
| - other non-current liabilities | 25 | 19.7 | 10.2 |
| Total non-current liabilities | 3,808.5 | 3,498.9 | |
| Current liabilities | |||
| - current financing liabilities | 26 | 280.0 | 175.0 |
| - lease liabilities | 19 | 9.7 | 8.0 |
| - contract liabilities | 20 | 5.3 | 4.9 |
| - derivative financial instruments | 24 | 11.6 | 3.4 |
| - trade and other payables | 27 | 532.4 | 728.3 |
| - corporate income tax | 14 | 0.5 | 4.0 |
| Total current liabilities | 839.5 | 923.6 | |
| Total liabilities | 11,048.5 | 11,018.5 |
Consolidated statement of profit and loss for 2024
| In millions of euros | Notes | 2024 | 2023 | ||
|---|---|---|---|---|---|
| Continuing operations | |||||
| Net revenue | 30 | 1,253.0 | 1,955.0 | ||
| Other revenue | 31 | 41.4 | 106.0 | ||
| Total revenues | 1,294.4 | 2,061.0 | |||
| Capitalised expenses | 5.6 | 130.6 | 111.8 | ||
| Personnel expenses | 32 | -330.0 | -281.0 | ||
| Depreciation costs | 5,6,33 | -353.7 | -404.9 | ||
| Other costs | 34 | -634.1 | -872.3 | ||
| Total expenses | -1,187.2 | -1,446.4 | |||
| Operating result | 107.2 | 614.6 | |||
| Financial income | 35 | 21.2 | 17.7 | ||
| Financial expenses | 36 | -79.3 | -74.6 | ||
| Share in result of joint ventures | 8 | 33.2 | 38.0 | ||
| Result before taxation | 82.3 | 595.7 | |||
| Income taxes | 37 | -12.1 | -112.4 | ||
| Result after taxation | 70.2 | 483.3 | |||
| Allocation of the result after taxation | |||||
| - Result attributable to the N.V. Nederlandse Gasunie | 49 | 67.8 | 482.3 | ||
| - Result attributable to holder non-controlling interest | 17 | 2.4 | 1.0 | ||
| Result after taxation | 70.2 | 483.3 |
Consolidated statement of other comprehensive income for 2024
| In millions of euros | Notes | 2024 | 2023 | ||
|---|---|---|---|---|---|
| Result after taxation according to consolidated statement of profit and loss | 70.2 | 483.3 | |||
| Sum of actuarial gains and losses on employee benefits | 22,48 | 3.9 | -7.9 | ||
| of which corporate income tax | 23,48 | -1.2 | 2.4 | ||
| Total of results taken to equity which will not be reclassified to profit and loss | 2.7 | -5.5 | |||
| Changes in the cash flow hedge reserve concerning joint ventures and associates | 8,46 | -1.7 | -1.1 | ||
| Total of results taken to equity which will be reclassified subsequently to profit and loss | -1.7 | -1.1 | |||
| Other comprehensive income | 1.0 | -6.6 | |||
| Total comprehensive income for the year | 71.2 | 476.7 | |||
| Allocation of the total comprehensive income for the year | |||||
| - Comprehensive income attributable to the N.V. Nederlandse Gasunie | 68.8 | 475.7 | |||
| - Comprehensive income attributable to non-controlling interest | 2.4 | 1.00 | |||
| Total comprehensive income for the year | 71.2 | 476.7 |
Consolidated statement of changes in equity for 2024
| In millions of euros | Share capital | Fair value reserve | Cash flow hedge reserve | Other reserves | Unappropriated result | Total equity attributable to shareholder | Total equity attributable to holder non-controlling interest | Total equity |
|---|---|---|---|---|---|---|---|---|
| Notes | 45 | 47 | 46 | 48 | 49 | 17 | ||
| 2024 | ||||||||
| Balance as at 1 January 2024 | 0.2 | -172.7 | -6.7 | 6,277.1 | 482.3 | 6,580.0 | 16.0 | 6,596.0 |
| Result for the financial year | - | - | - | - | 67.8 | 67.8 | 2.4 | 70.2 |
| Other comprehensive income for the financial year | - | - | -1.7 | 2.7 | - | 1.0 | - | 1.0 |
| Total comprehensive income for the year | - | - | -1.7 | 2.7 | 67.8 | 68.8 | 2.4 | 71.2 |
| Dividend paid for 2023 | - | - | - | - | -266.0 | -266.0 | -0.8 | -266.8 |
| Added to other reserves | - | - | - | 216.3 | -216.3 | - | - | - |
| Balance as at 31 December 2024 | 0.2 | -172.7 | -8.4 | 6,496.1 | 67.8 | 6,382.9 | 17.6 | 6,400.5 |
| 2023 | ||||||||
| Balance as at 1 January 2023 | 0.2 | -172.7 | -5.6 | 5,927.7 | 554.9 | 6,304.4 | - | 6,304.4 |
| Result for the financial year | - | - | - | - | 482.3 | 482.3 | 1.0 | 483.3 |
| Other comprehensive income for the financial year | - | - | -1.1 | -5.5 | - | -6.6 | - | -6.6 |
| Total comprehensive income for the year | - | - | -1.1 | -5.5 | 482.3 | 475.7 | 1.00 | 476.7 |
| Acquisition GUFU BBL | - | - | - | - | - | - | 23.5 | 23.5 |
| Dividend paid for 2022 | - | - | - | - | -200.0 | -200.0 | -8.5 | -208.5 |
| Added to other reserves | - | - | - | 354.9 | -354.9 | - | - | - |
| Balance as at 31 December 2023 | 0.2 | -172.7 | -6.7 | 6,277.1 | 482.3 | 6,580.0 | 16.0 | 6,596.0 |
Consolidated cash flow statement for 2024
| In millions of euros | Notes | 2024 | 2023 | ||
|---|---|---|---|---|---|
| Cash flow from operating activities | |||||
| Revenues | 3,30,31 | 1,294.4 | 2,061.0 | ||
| Total expenses | 32,33,34 | -1,187.2 | -1,446.3 | ||
| Operating result | 107.2 | 614.7 | |||
| Adjustments for: | |||||
| - depreciation costs | 5,6,33 | 341.3 | 403.0 | ||
| - change in inventories | 12 | 27.8 | 29.8 | ||
| - change in net working capital | 13.27 | -105.6 | 61.5 | ||
| - change in provisions | 22.23 | -52.1 | 10.6 | ||
| - result disposal (in)tangible fixed assets | 33 | 12.4 | 1.9 | ||
| - result disposal group companies | 2.31 | - | -29.5 | ||
| - remeasurement joint ventures | 2.31 | - | -29.5 | ||
| - bargain purchase group companies | 2.31 | - | -15.2 | ||
| Cash flow from corporate activities | 331.0 | 1,047.3 | |||
| Interest received | 35 | 17.8 | 12.1 | ||
| Dividend received from joint ventures | 8 | 33.3 | 39.3 | ||
| Interest paid on leases | 19 | -1.7 | -8.0 | ||
| Interest paid on financing | 36 | -65.9 | -84.8 | ||
| Corporate income tax paid | 37 | -37.3 | -162.8 | ||
| Corporate income tax refund | 37 | 45.7 | 20.0 | ||
| -8.1 | -184.2 | ||||
| Cash flow from operating activities | 322.9 | 863.1 | |||
| Cash flow from investing activities | |||||
| Investments in tangible fixed assets | 5 | -561.9 | -660.2 | ||
| Investments in intangible fixed assets | 6 | -59.5 | -47.2 | ||
| Disposals of tangible fixed assets | 5 | 0.3 | 7.8 | ||
| Investments in joint ventures | 8.9 | -174.3 | -101.5 | ||
| Uptake of loans by joint ventures | 8.9 | -69.0 | -46.0 | ||
| Repayment of loans by joint ventures | 8.9 | 44.7 | 42.0 | ||
| Acquisitions of group companies, after deduction of purchased cash and cash equivalents | 2 | 0.0 | -18.7 | ||
| Disposals group companies and joint ventures, after deduction of purchased cash and cash equivalents | 8,13,31 | 39.5 | -12.1 | ||
| Disposals of joint ventures | 8,13,31 | 27.2 | 20.4 | ||
| Cash flow from investing activities | -753.0 | -815.4 | |||
| Cash flow from financing activities | |||||
| Uptake of long-term loans | 18 | 498.2 | 298.4 | ||
| Repayment of long-term loans | 18 | -175.0 | -225.0 | ||
| Lease payments | 19 | -9.3 | -54.0 | ||
| Uptake of short-term financing | 26 | 155.0 | 435.0 | ||
| Repayment of short-term financing | 26 | - | -435.0 | ||
| Dividend paid to share holder | 16.49 | -266.0 | -208.5 | ||
| Dividend paid to holder non-controlling interest | 17 | -0.8 | - | ||
| Cash flow from financing activities | 202.1 | -189.1 | |||
| Net cash flow for the financial year | -228.0 | -141.4 | |||
| Cash and cash equivalents at previous year-end | 15 | 294.7 | 435.9 | ||
| Effects of exchange rate changes on cash and cash equivalents | -0.2 | 0.2 | |||
| Cash and cash equivalents at year-end | 15 | 66.5 | 294.7 |