Consolidated statement of financial position as at 31 December 2023

(before appropriation of result)

In millions of euros	Notes	31 Dec. 2023	31 Dec. 2022
Assets
Fixed assets
- tangible fixed assets	4,5	9,237.2	9,407.9
- intangible fixed assets	6	90.2	49.1
- investments in joint ventures	8	488.3	372.3
- investments in associates	9	0.6	0.6
- other participating interests	10	7.0	7.0
- deferred tax assets	11	222.1	239.2
- derivative financial instruments	25	6.1	-
Total fixed assets		10,051.5	10,076.1
Current assets
- inventories	12	169.9	199.8
- derivative financial instruments	25	0.8	-
- trade and other receivables	13	441.3	345.4
- corporate income tax	14	60.3	2.6
- cash and cash equivalents	15	294.7	435.9
		967.0	983.7
Assets held for sale	8	-	32.2
Total current assets		967.0	1,015.9
Total assets		11,018.5	11,092.0

In millions of euros	Notes	31 Dec. 2023	31 Dec. 2022
Liabilities
Equity attributable to the N.V. Nederlandse Gasunie	16	6,580.0	6,304.4
Non-controlling interest	17	16.0	-
Total equity		6,596.0	6,304.4
Non-current liabilities
- interest-bearing loans	18	2,900.5	2,775.5
- lease liabilities	20	93.6	411.0
- contract liabilities	21	86.9	60.7
- deferred tax liabilities	22	209.5	170.2
- employee benefits	23	96.8	86.2
- other provisions	24	78.7	97.0
- derivative financial instruments	25	22.7	15.9
- other non-current liabilities	19	10.2	-
Total non-current liabilities		3,498.9	3,616.5
Current liabilities
- current financing liabilities	26	175.0	225.0
- lease liabilities	20	8.0	70.1
- contract liabilities	21	4.9	10.1
- derivative financial instruments	25	3.4	-
- trade and other payables	27	728.3	833.2
- corporate income tax	14	4.0	32.7
Total current liabilities		923.6	1,171.1
Total liabilities		11,018.5	11,092.0

Consolidated statement of profit and loss for 2023

In millions of euros	Notes		2023		2022
Continuing operations
Net revenue	30	1,955.0		2,239.6
Other revenue	31	106.0		18.0
Total revenues			2,061.0		2,257.6
Capitalised expenses	5	111.8		71.9
Personnel expenses	32	-281.0		-221.9
Depreciation costs	5,6,33	-404.9		-365.7
Impairments	4	-		-159.1
Other costs	34	-872.3		-853.9
Total expenses			-1,446.4		-1,528.7
Operating result			614.6		728.9
Financial income	35		17.7		24.4
Financial expenses	36		-74.6		-66.9
Share in result of joint ventures	8		38.0		34.3
Share in result of associates	9		-		0.1
Result before taxation			595.7		720.8
Income taxes	37		-112.4		-165.9
Result after taxation			483.3		554.9
Allocation of the result after taxation
- Result attributable to the N.V. Nederlandse Gasunie	49		482.3		554.9
- Result attributable to non-controlling interest	17		1.0		-
Result after taxation			483.3		554.9

Consolidated statement of other comprehensive income for 2023

In millions of euros	Notes		2023		2022
Result after taxation according to consolidated statement of profit and loss			483.3		554.9
Sum of actuarial gains and losses on employee benefits	23,48	-7.9		31.7
of which corporate income tax		2.4		-9.4
Changes in other participating interests measured at fair value	10,47	-		-508.1
Total of results taken to equity which will not be reclassified to profit and loss			-5.5		-485.8
Changes in the cash flow hedge reserve concerning joint ventures and associates	8,46	-1.1		23.7
Total of results taken to equity which will be reclassified subsequently to profit and loss			-1.1		23.7
Other comprehensive income			-6.6		-462.1
Total comprehensive income for the year			476.7		92.8
Allocation of the total comprehensive income for the year
- Comprehensive income attributable to the N.V. Nederlandse Gasunie			475.7		92.8
- Comprehensive income attributable to non-controlling interest			1.0		-
Total comprehensive income for the year			476.7		92.8

Consolidated statement of changes in equity for 2023

In millions of euros	Share capital	Fair value reserve	Cash flow hedge reserve	Other reserves	Unappropriated result	Total	Non-controlling interest	Total equity
Notes	45	47	46	48	49		17
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	1.0	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
2022
Balance as at 1 January 2022	0.2	335.4	-29.3	5,812.2	310.7	6,429.2	-	6,429.2
Result for the financial year	-	-	-	-	554.9	554.9	-	554.9
Other comprehensive income for the financial year	-	-508.1	23.7	22.3	-	-462.1	-	-462.1
Movement in deferred taxation	-	-508.1	23.7	22.3	554.9	92.8	-	92.8
Dividend paid for 2021	-	-	-	-	-217.5	-217.5	-	-217.5
Added to other reserves	-	-	-	93.2	-93.2	-	-	-
Balance as at 31 December 2021	0.2	-172.7	-5.6	5,927.7	554.9	6,304.4	-	6,304.4

Consolidated cash flow statement for 2023

In millions of euros	Notes		2023		2022
Cash flow from operating activities
Revenues	3,30,31	2,061.0		2,257.6
Total expenses	32,33,34	-1,446.3		-1,528.7
Operating result			614.7		728.9
Adjustments for:
- depreciation costs	5,6,33	403.0		362.1
- impairments	4	-		159.1
- change in inventories	12	29.8		-139.8
- change in net working capital	13,27	58.2		441.2
- change in provisions	23,24	10.6		36.3
- change in derivative financial instruments	25	3.3		-15.9
- result disposal (in)tangible fixed assets	33	1.9		3.4
- 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 operating activities			1,047.3		1,575.3
Interest received	35	12.1		3.4
Dividend received from joint ventures	8	39.3		27.9
Interest paid on leases	20	-8.0		-4.7
Interest paid on financing	36	-84.8		-69.0
Corporate income tax paid	14	-142.8		-122.2
Cash flow from operating activities			863.1		1,410.7
Cash flow from investing activities
Investments in tangible fixed assets	5,6	-707.3		-426.6
Disposals of tangible fixed assets	5,6	7.8		-
Investments in joint ventures	8	-101.5		-87.8
Uptake of loans by joint ventures	8	-46.0		-
Repayment of loans by joint ventures	8	42.0		-
Acquisitions of group companies, after deduction of purchased cash and cash equivalents	2	-18.7		-
Disposals group companies and joint ventures, after deduction of purchased cash and cash equivalents	8,31	-12.1		-
Disposals of joint ventures	8,31	20.4		-
Cash flow from investing activities			-815.4		-514.4
Cash flow from financing activities
Uptake of long-term loans	18	298.4		493.1
Repayment of long-term loans	18	-225.0		-494.2
Lease payments	20	-54.0		-31.2
Uptake of short-term financing	26	435.0		1,175.0
Repayment of short-term financing	26	-435.0		-1,425.0
Dividend paid	17,49	-208.5		-217.5
Cash flow from financing activities			-189.1		-499.8
Net cash flow for the financial year			-141.4		396.5
Cash and cash equivalents at previous year-end	15		435.9		38.3
Effects of exchange rate changes on cash and cash equivalents			0.2		1.1
Cash and cash equivalents at year-end	15		294.7		435.9