16 Notes to the company financial statements

The company financial statements comprise the company statement of financial position and the company statement of profit and loss of N.V. Nederlandse Gasunie (hereinafter also called ‘the company’ and ‘we’). The notes to the company financial statements form an integral part of the company financial statements.

We have included information about the use of financial instruments and associated risks in the notes to the consolidated financial statements. The same applies to the notes to events after the balance sheet date, the notes to transactions with related parties, the notes to off-balance sheet assets and obligations and the notes to the remuneration of members of the Executive Board and the Supervisory Board.

If we have not mentioned other accounting policies, we refer the reader to the accounting policies described in the consolidated financial statements. To interpret these company financial statements correctly, the company financial statements ought to be read in conjunction with the consolidated financial statements. The accounting policies used for the measurement of assets and liabilities and the determination of the results were unchanged compared to the previous financial year. The accounting policies used for presentation are also unchanged compared to the previous financial year, with the exception of a reclassification of the results on the settlement of certain derivative financial instruments from the movement in fair value to other financial expenses. This reclassification took place under the heading ‘financial expenses’. Equity, the net result, and cash flows in 2024 and 2023 were not affected by this reclassification.

We form the remeasurement reserve for each individual asset, with the exception of changes in the value of the related positions, which we consider jointly. The remeasurement reserve for the remeasurement of tangible fixed assets will never be more than the difference between the carrying amount based on historical cost and the carrying amount based on current value. We reduce the remeasurement reserve in line with the realised part of the remeasurement (related to systematic depreciation of the asset). We also deduct any impairment of a particular asset, aside from the systematic depreciation, from the remeasurement reserve.We form the remeasurement reserve for each individual asset, with the exception of changes in the value of the related positions, which we consider jointly. The remeasurement reserve for the remeasurement of tangible fixed assets will never be more than the difference between the carrying amount based on historical cost and the carrying amount based on current value. We reduce the remeasurement reserve in line with the realised part of the remeasurement (related to systematic depreciation of the asset). We also deduct any impairment of a particular asset, aside from the systematic depreciation, from the remeasurement reserve.

The remeasurement reserve for the remeasurement of financial fixed assets will never be more than the difference between the value of the participating interest measured according to the equity method and the current value. We reduce the remeasurement reserve in line with the realised part of the remeasurement. 

If we dispose of an asset, any remeasurement reserve relating to that asset is released to the other reserves. When determining the remeasurement reserve, an amount for deferred tax liabilities, where applicable, is deducted, calculated at the current tax rate.