Notes to the company balance sheet and income statement

The amounts included in the explanatory notes are in millions of euros, unless stated otherwise.

Non-current financial assets

Participating interests in group companies

(in millions of euros)

2017

2016

Balance as at 1 January

3,511

3,309

Share in result

24

212

Dividend distributed for the previous reporting year

-79

-41

Other changes

20

31

Balance as at 31 December

3,476

3,511

Equity

Other reserves

(in millions of euros)

Translation reserve

Hedging reserve

Fair value reserve

Actuarial reserve

Revaluation reserve for associates

General reserve

Total other reserves

Legal reserve developement costs

Balance as at 1 January 2016

8

-43

-

17

27

2,049

2,058

121

         

Movements revaluation reserves

-19

36

-

12

3

 

32

 

Dividend paid

     

-41

-41

 

Result previous year

     

118

118

 

Other movements

     

-47

-47

46

 

-19

36

-

12

3

30

62

46

         

Balance as at 31 December 2016

-11

-7

-

29

30

2,079

2,120

167

         

Movements revaluation reserves

-3

3

-

19

2

 

21

 

Dividend paid

     

-79

-79

 

Result previous year

     

212

212

 

Other movements

    

40

-96

-56

55

 

-3

3

-

19

42

37

98

55

         

Balance as at 31 December 2017

-14

-4

-

48

72

2,116

2,218

222

The legal reserve was formed for software development costs. A revaluation reserve was formed for direct changes to the equity in joint ventures and for the undistributable portion of the equity of NS Insurance.

Off-balance-sheet commitments

No claims have been brought against NV Nederlandse Spoorwegen and the consolidated participating interests, other than as indicated in note 31, that have not been recognised appropriately in the balance sheet.

For the purpose of income tax, both NV Nederlandse Spoorwegen and its Dutch subsidiaries are part of the NV Nederlandse Spoorwegen fiscal unity. Consequently NV Nederlandse Spoorwegen is jointly and severally liable for the tax liabilities of the subsidiaries included in the fiscal unity.

Key participating interests

NV Nederlandse Spoorwegen is the holding company of NS Groep NV. NS Groep NV is the sole subsidiary of NV Nederlandse Spoorwegen. Please refer to note 32 for an overview of the participating interests.

Utrecht, 28 February 2018

Supervisory Board

Executive Board

Mr. G.J.A. van de Aast
Chairman

Mr. R.H.L.M. van Boxtel
CEO

Mrs. M.E. van Lier Lels

Mr. H.L.L. Groenewegen
Finance Director

Mr. J.J.M. Kremers

Mrs. S.M. Zijderveld
Chief Governance, Risk & Compliance Officer

Mr. P. Rosenmöller

Mrs. M.E.F. Rintel
Director of Operations

Mrs. J.L. Stuijt

Mr. T.B. Smit
Commerce & Development Director

Mr. W.J. van der Feltz