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Note 2 Segment information

Segments

Alliander distinguishes the following reporting segments in 2016:

  • Network operator Liander;

  • Other.

This segmentation reflects the internal reporting structure, specifically the internal consolidated and segmented monthly reports, the annual plan and the business plan. The sale of Endinet, effective 1 January 2016, meant that Endinet ceased to be part of the internal reporting structure in 2016. Endinet was included in Alliander's internal reporting structure up to 31 December 2015.

Network operator Liander forms the largest company within the Alliander group and is responsible for providing gas and electricity connections and for distributing gas and electricity in Gelderland and parts of Noord-Holland, Flevoland, Friesland and Zuid-Holland and is with over 92% of the revenue the largest business unit of Alliander.

The Other segment covers the entirety of the other operating segments within the Alliander group, such as the activities of Liandon, Stam and Alliander AG, new activities, the corporate staff departments and the service units. Liandon provides services relating to the construction and maintenance of complex energy infrastructures, on behalf of Liander as well as third parties. Alliander AG carries on network operation and public lighting activities in Germany. Stam is a medium-sized firm of contractors based in Noord- Holland, engaging in network construction and maintenance work. These activities are undertaken on behalf of third parties as well as on contract to Liander. Established as well as new activities include targeted investments in the infrastructure for electric vehicles, sustainable area development and sustainable housing. The corporate staff departments and service units include Shared Services and IT, which perform activities on behalf of whole Alliander based on Service Level Agreements (SLA's). All these activities can be combined into a single segment inasmuch as they do not satisfy the quantitative criteria in order to qualify separately as reporting segments.

Except for the corporate staff and service units, the business of the other operating segments exhibits similar characteristics, depending on the nature of the products and services and the nature of the production processes, viz.: supply, construction, management and maintenance of energy-related products and services. Given the scale of these other operating segments, other characteristics in the sense of customers and distribution channels are not relevant segment reporting distinctions. Furthermore, these operating segments have been aggregated in the Other segment since none of them satisfies the quantitative criteria that would qualify them as separate reporting segments.

Reporting

Alliander produces monthly management reports for the Management Board, with quarterly reports for the Supervisory Board as well. As regards both balance sheet and income statement, these reports use the same accounting policies and classification as the financial information contained in the financial statements. The Management Board assesses the performance of the business on the basis of these reports. The financial reports focus on the consolidated and segment information concerning operating expenses. The operating result is also included on a comparable basis, i.e. excluding incidental items and fair value movements. The operating result is total income less total expenses. Changes in the accounting setup in 2016 mean that the figures for costs of energy, raw materials and consumables and for capitalised production for 2016 and 2015 are not comparable.

A statement showing the primary segmentation analysis is presented below, including reconciliation with the reported figures.

Notes

General

The external revenue of Liander mainly comprises income from energy transport, connection and metering services. In the Other segment, external revenue mainly derives from the services provided by Liandon, new activities and Stam and the income from network operation activities in Germany. The eliminations result from the internal services provided by corporate staff departments, service units (such as IT and Shared Services) and Stam to Liander. These internal supplies are made at cost.

Primary Segmentation

€ million

Network operator Liander

Network company Endinet

Other

Eliminations

Total

Reclassification to reported, incidental items and IFRS 5

Reported

Income statement

2016

2015

2016

2015

2016

2015

2016

2015

2016

2015

2016

2015

2016

2015

Operating income

              

External revenue

1,582

1,567

-

101

141

112

-

-

1,723

1,780

-

-100

1,723

1,680

Internal revenue

3

6

-

-

331

329

-334

-337

-

-

-

-

-

-

               

Total income

1,585

1,573

-

101

472

441

-334

-337

1,723

1,780

-

-100

1,723

1,680

               

Operating expenses

              

Purchase costs and costs of subcontracted work

432

704

-

14

67

180

-97

-77

402

821

-

-421

402

400

Operating expenses

682

554

-

36

452

404

-237

-259

897

735

21

42

918

777

Depreciation and impairments

303

268

-

39

79

70

-

-

382

377

13

-39

395

338

Own work capitalised

-140

-308

-

-6

-59

-163

-

-

-199

-477

-

303

-199

-174

               

Total operating expenses

1,277

1,218

-

83

539

491

-334

-336

1,482

1,456

34

-115

1,516

1,341

               

Operating profit

308

355

-

18

-67

-50

-

1

241

324

-34

15

207

339

               

Finance income

11

12

-

-

126

123

-119

-81

18

54

-

-

18

54

Finance expense

-126

-115

-

-9

-65

-77

119

81

-72

-120

-

-5

-72

-125

Share in results of associates and joint ventures after tax

2

1

-

-

-7

-4

-

-1

-5

-4

-

-

-5

-4

Tax

-48

-62

-

-2

-2

-

-

-1

-50

-65

8

-2

-42

-67

               

Profit after tax from continuing operations

147

191

-

7

-15

-9

-

-

132

189

-26

8

106

197

               

Segment assets and liabilities

              

Total assets

6,985

6,448

-

508

2,386

2,609

-1,636

-1,907

7,735

7,658

-

68

7,735

7,726

Non-consolidated investments in associates

-

-

-

-

6

8

-

-

6

8

-

-

6

8

Non-consolidated investments in joint ventures

3

1

-

-

-

-

-

-

3

1

-

-

3

1

Liabilities (non-current and current)

5,216

4,588

-

232

1,858

1,993

-3,203

-2,821

3,871

3,992

-

48

3,871

4,040

               

Other segment items

              

Investments in property, plant and equipment

551

429

-

29

129

117

-

-

680

575

-

-

680

575

Number of permanent staff at end of year

3,024

3,082

-

265

2,659

2,477

-

-

5,682

5,824

-

-265

5,682

5,559

The profit after tax for 2016, like that for 2015, is almost entirely attributable to the shareholders of Alliander N.V..

Reclassification to reported and incidental items

In 2016 there are some incidental items in the column headed 'Reclassification to reported, incidental items and IFRS 5'. Of the incidental item under operating expenses, €10 million (2015: €17 million) is accounted for by project and integration costs connected with the exchange of the energy distribution networks of Enexis in Friesland and the Noordoostpolder for those of Alliander in the Eindhoven and Zuidoost-Brabant region (Endinet) with effect from 1 January 2016. Of the remainder of the incidental item in purchase costs, costs of subcontracted work and operating expenses, €11 million (2015: €12 million) was related to costs associated with organisational changes.

The incidental expense of €13 million (2015: nil) in the depreciation and impairments stems from the annual impairment triggering event analysis process and associated impairment calculations and concerns accelerated depreciation of transformers, part of the network in Germany, unoccupied buildings and part of the CDMA network.

The reclassification affecting reported and incidental items concerns the reconciliation of the periodical management reports with the published financial reports in 2015. For external reporting, the amount of capitalised own production of €303 million included in purchase costs and costs of raw materials and consumables is eliminated. In the reported figures, Endinet has been classified as profit from discontinued operations. As a consequence, an adjustment has been applied for Endinet in the reclassification to reported and incidental items.

The incidental items are not included in the periodical management reports either but are reported separately. For the purposes of reconciliation with the external reporting (column headed 'Reported'), the incidental items should be included. Disclosures relating to the incidental items can be found in 'Shareholders and investors' section of the annual report.

Also, as required by IFRS 5, only the consolidated net profit of Endinet has been presented separately in Alliander's income statement, as profit from discontinued operations. In the internal reporting, however, the separate income statement items for the full-year have been included, without cessation of depreciation from 24 March 2015 onwards. The difference between this and Alliander's reported income statement, in which Endinet is not recognised, has been accounted for in the column headed 'Reclassification to reported and incidental items and IFRS 5'.

Segment assets and liabilities

The amounts in the eliminations column against total assets mainly concern the eliminations of the investments in subsidiaries Liander and, for 2015, Endinet. The eliminations against the liabilities relate to the current-account positions between the subsidiaries and Alliander. Within the Alliander group, there are group financing arrangements, involving central administration of external accounts. All the subsidiaries maintain a current account with Alliander. There are no assets or equity and liabilities that are not allocated.

Geographical segmentation

 

External revenue

Property, plant and equipment

Intangible assets

Non-consolidated associates and joint ventures

€ million

2016

2015

2016

2015

2016

2015

2016

2015

The Netherlands

1,686

1,643

6,473

5,850

291

279

10

9

Rest of the world

37

37

56

49

28

1

-

-

         

Total

1,723

1,680

6,529

5,899

319

280

10

9

'Rest of the world' relates entirely to the activities in Germany and Belgium.

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