34. Related parties
Transactions with related parties are conducted on an arm’s-length basis.
All issued shares are held by the State of the Netherlands. One significant transaction with an enterprise that has a relationship with the State (DUO, the Dutch Education Executive Agency) concerns the consideration received for student public transport cards (2023: € 574 million, 2022: € 576 million).
Payments of the infrastructure charge for the Dutch infrastructure are made to ProRail BV, a State-affiliated company. The user fee is explained in note 33.
Furthermore, the Group received a sum of €120 million (2022: €324 million) in grants from the State in 2023 through various schemes (availability payments, public transport safety net payment, NOW and other schemes). These have been recognised under revenue for an amount of €85 million (2022: €308 million) and deducted from costs for an amount of €35 million (2022: €16 million).
Translink Systems BV is wholly owned by Coöperatie Openbaar Vervoerbedrijven, of which NS is a member. Translink is therefore a related party. For the performance of the activities by Translink, the Group paid Translink an amount of €0.1 million in 2023 (2022: €0.1 million) for products and services provided. Translink engages in the development, implementation and use of the electronic registration and payment system for public transport in the Netherlands.
The transactions with the Executive Board and the Supervisory Board members are disclosed in note 3.
The sale of Abellio UK to Transport UK Group Ltd and the associated future settlements qualify as transactions with a related party. In 2023, the result from discontinued operations was €10 million. For further explanation, see notes 1 and 23.
There were no significant transactions in 2023 or 2022 with joint ventures and other participating interests.
Group companies
The main companies included in the consolidated financial statements are:
|
Percentage interest |
|||
|
2023 |
2022 |
Registered office |
|
|
Subsidiaries |
|||
|
NS Groep NV* |
100.0 |
100.0 |
Utrecht |
|
NS Reizigers BV* |
100.0 |
100.0 |
Utrecht |
|
Abellio Transport Holding BV |
100.0 |
100.0 |
Utrecht |
|
NedTrain BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations BV* |
100.0 |
100.0 |
Utrecht |
|
NS Vastgoed BV* |
100.0 |
100.0 |
Utrecht |
|
NS Insurance NV |
100.0 |
100.0 |
Utrecht |
|
NS Opleidingen BV* |
100.0 |
100.0 |
Utrecht |
|
NS Innovatiefonds BV |
100.0 |
100.0 |
Utrecht |
|
Thalys Nederland NV* |
100.0 |
100.0 |
Utrecht |
|
NS Internationaal BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations Retailbedrijf BV* |
100.0 |
100.0 |
Utrecht |
|
NS Fiets BV* |
100.0 |
100.0 |
Utrecht |
|
NS OV-Fiets BV* |
100.0 |
100.0 |
Utrecht |
|
Stationsfoodstore BV* |
100.0 |
100.0 |
Utrecht |
|
NS Poort Ontwikkeling BV |
100.0 |
100.0 |
Utrecht |
|
Abellio Transport Group Ltd** |
1.0 |
100.0 |
Glasgow |
|
Abellio Transport Holdings Ltd** |
- |
100.0 |
London |
|
Abellio Greater Anglia Ltd** |
- |
100.0 |
London |
|
Abellio East Anglia Ltd** |
- |
60.0 |
London |
|
Abellio West Midlands Ltd** |
- |
85.1 |
Birmingham |
|
Abellio East Midlands Ltd** |
- |
100.0 |
London |
|
Abellio ScotRail Ltd** |
- |
100.0 |
Glasgow |
|
Abellio West London Ltd** |
- |
100.0 |
London |
|
Abellio London Ltd** |
- |
100.0 |
London |
|
Transport Holding Germany BV |
100.0 |
100.0 |
Utrecht |
|
ATH Rail Beteiligungsgesellschaft Deutschland GmbH |
100.0 |
100.0 |
Berlin |
|
WestfalenBahn GmbH |
100.0 |
100.0 |
Bielefeld |
|
Abellio Rail Mitteldeutschland GmbH |
100.0 |
100.0 |
Halle |
|
PTS GmbH |
100.0 |
100.0 |
Essen |
|
Joint ventures |
|||
|
Merseyrail Services Holding Company Ltd |
- |
50.0 |
Hampshire |
|
Other interests |
|||
|
Reisinformatiegroep BV |
41.7 |
41.7 |
Utrecht |
|
Eurofima AG |
5.8 |
5.8 |
Basel |
|
NS Mobiliteitsdiensten BV |
90.0 |
90.0 |
Utrecht |
|
Rivier BV |
46.7 |
46.7 |
Rotterdam |
|
Hely Holding BV |
40.0 |
40.0 |
Amersfoort |
- *NV Nederlandse Spoorwegen has assumed liability in respect of the debts arising from legal acts in accordance with the provisions of Section 403 of Book 2 of the Dutch Civil Code.
- **The UK entities were classified as held for sale as at 31 May 2022 and were sold as at 28 February 2023. The results for 2023 and 2022 have been presented as results from discontinued operations (see note 1). Abellio Transport Group Ltd will cease to be a subsidiary on 28 February 2023.
Pursuant to Sections 379 and 414 of Book 2 of the Dutch Civil Code, a complete list of the Group’s subsidiaries, associates and joint ventures has been filed with the office of the Trade Register in Utrecht.