Associates
The valuation of economic interests that are not included in the consolidation takes place based on the equity method based on the accounting principles governing the valuation and the determination of the result of Enexis Holding N.V. According to this method, the economic interest is initially valued at cost whereby the carrying amount is increased or decreased after the initial recognition with the share of Enexis Holding N.V. in the result. Dividends received are deducted from the carrying amount.
In the event of a negative net asset value, losses on associates are recognised up to the amount of the net investment in the associate. This net investment also includes loans that have been provided to associates insofar as these loans actually form part of the net investment. A provision is only recognised for the share in further losses in the event and insofar as, based on legal obligations, the debts of the associate are guaranteed.
In the event of a possible impairment of an associate, reference is made to the accounting method as included in the paragraph ‘Impairments’ in the‘Accounting principles for financial reporting'.
Joint arrangements
The financial figures of entities that qualify as joint arrangements are classified as joint ventures or joint operations depending on the statutory and contractual rights and obligations that each investor has stipulated. The existing contractual agreements qualify as joint ventures. Joint ventures are entities in which Enexis, together with one or several other investors, has joint control. These are valued based on the equity method.
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Equity stake held by Enexis Holding N.V. |
Equity stake held by Enexis Holding N.V. |
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Group companies |
Registered office |
31 December 2023 |
31 December 2022 |
Structure of |
Joint and several liability statement |
|
Enexis Netbeheer B.V. |
's-Hertogenbosch |
100% |
100% |
Enexis Holding N.V. |
No |
|
Enexis Personeel B.V. |
's-Hertogenbosch |
100% |
100% |
Enexis Holding N.V. |
Yes |
|
Enpuls B.V. |
's-Hertogenbosch |
100% |
100% |
Enexis Holding N.V. |
Yes |
|
Fudura B.V.1 |
Zwolle |
0% |
0% |
Enexis Holding N.V. |
No |
|
Enexis Vastgoed B.V. |
's-Hertogenbosch |
100% |
100% |
Enexis Holding N.V. |
Yes |
|
Enpuls Projecten B.V. |
's-Hertogenbosch |
100% |
100% |
Enpuls B.V. |
No |
|
Mijnwater Warmte Infra B.V. |
Heerlen |
100% |
100% |
Enpuls Projecten B.V. |
No |
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Other associates and joint ventures (non-controlling interests) |
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ZEBRA Gasnetwerk B.V.2 |
Bergen op Zoom |
0% |
67% |
Enexis Netbeheer B.V. |
No |
|
Energie Data Services Nederland B.V. |
Baarn |
23% |
23% |
Enexis Netbeheer B.V. |
No |
|
Beheerder Afsprakenstelsel B.V. |
Poeldijk |
16% |
16% |
Enexis Netbeheer B.V. |
No |
- 1Enexis Holding N.V. has lost control over Fudura B.V. as a result of selling all shares in Fudura B.V.
- 2ZEBRA Gasnetwerk B.V. is a joint venture whose book value was nil as of the end of 2022. The entity was liquidated in 2023. In 2022, this investment was not included in the consolidation because there was no decisive control (decision-making with a majority of 75%).