3. Segmentation

Enexis Holding N.V. distinguishes between two reporting segments, specifically:

• Enexis Regulated; and

• Enexis Other.

The above classification is based on the internal reporting structure, in particular the consolidated monthly reports and the (annual) business plan.

The “Enexis regulated” segment covers Enexis Netbeheer B.V. and Enexis Personeel B.V. jointly and forms by far the largest segment within Enexis (with regard to revenue and total assets, the share of these activities amounts to more than 90%). Enexis Netbeheer B.V. is responsible for the construction, management, maintenance, and modernisation of the regional gas and electricity grids over which the supplier delivers gas or electricity to households or businesses. Enexis Personeel B.V. provides labour for the companies in its group as well as providing other services and supplying goods with respect to its own employees. To the extent that Enexis Personeel B.V. works for entities operating outside the 'Enexis Regulated' segment, a settlement of costs has taken place.

The “Enexis other” segment covers the activities of Enexis Vastgoed B.V. and Enpuls B.V. (including Enpuls Projecten B.V. and Mijnwater Warmte Infra B.V.). Enexis Vastgoed B.V. leases its own real estate within Enexis. Enpuls B.V. and its related entity Enpuls Projecten B.V. were established with the objective of facilitating energy saving and greening by realising scalable solutions within the context of Enexis’s objectives. Mijnwater Warmte Infra B.V. manages and maintains heating and cooling networks, expands existing heating and cooling networks, and invests in new heating and cooling networks in the Parkstad region. 

Enexis Holding N.V., which is responsible for the financing of all entities operating within Enexis cannot be assigned to a segment and therefore forms part of the column ‘Normalisations, eliminations and reconciliations’.

Costs and revenues charged between the segments and receivables, payables, and current- account positions between the segments have been eliminated. In the segmentation overview, these costs and revenues are recognised under ‘Normalisations, eliminations and reconciliations’. The eliminated costs and revenues mainly concern housing expenses charged by Enexis Vastgoed B.V. and costs charged by Enexis Personeel B.V. for services provided to Fudura B.V. (until the sale in Q3 2022), Enpuls B.V. and Enexis Vastgoed B.V. In addition, under ‘Normalisations, eliminations and reconciliations’ the result of the sale of Fudura B.V. is recognised as Result from associates and joint ventures in 2022. 

Non-recurring items per segment

Enexis reports the normalised results per segment internally. This normalisation takes place based on the items as included in note 10 Non-recurring items. The proceeds from the sale of Fudura B.V. were recognised as a non-recurring item in 2022.