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 (2019: €458 million, 2018: €448 million).
Payments of the infrastructure charge for the Dutch infrastructure are made to ProRail BV, a State-affiliated company. This is explained in note 32.
Furthermore, the Group received a sum of €17 million in grants from the State in 2019 through various schemes (2018: €18 million). These grants are recognised as revenue.
For the performance of the activities by Translink Systems BV, the Group paid Translink an amount of €0.1 million in 2019 (2018: €0.1 million) for products and services provided. Translink Systems BV 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 2.
There were no significant transactions in 2019 or 2018 with joint ventures and other participating interests.
Group companies
The main companies included in the consolidated financial statements are:
Percentage interest | Registered office | ||
2019 | 2018 | ||
Operating companies | |||
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 Financial Services (Holdings) Ltd | 100.0 | 100.0 | Dublin |
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 Lease BV* | 100.0 | 100.0 | Utrecht |
Subsidiaries of operating companies | |||
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 |
NS Financial Services Company | 100.0 | 100.0 | Dublin |
DISA Assets Ltd | - | 100.0 | Dublin |
Abellio Nederland BV | 100.0 | 100.0 | Utrecht |
Abellio Transport Group Ltd | 100.0 | 100.0 | Glasgow |
Abellio Transport Holdings Ltd | 100.0 | 100.0 | London |
Abellio Greater Anglia Ltd | 100.0 | 100.0 | London |
Abellio East Anglia Ltd | 60.0 | 60.0 | London |
Abellio West Midlands Ltd | 70.1 | 70.1 | Birmingham |
Abellio West Midlands Ltd | 100.0 | - | London |
Abellio Rail Baden-Württemberg GmbH | 100.0 | 100.0 | Stuttgart |
Abellio Rail Mitteldeutschland GmbH | 100.0 | 100.0 | Halle |
Abellio Rail NRW GmbH | 100.0 | 100.0 | Essen |
Abellio GmbH | 100.0 | 100.0 | Essen |
Abellio ScotRail Ltd | 100.0 | 100.0 | Glasgow |
Abellio West London Ltd | 100.0 | 100.0 | London |
Abellio London Ltd | 100.0 | 100.0 | London |
WestfalenBahn GmbH | 100.0 | 100.0 | Bielefeld |
Joint ventures | |||
Merseyrail Services Holding Company Ltd | 50.0 | 50.0 | Hampshire |
Other interests | |||
Reisinformatiegroep BV | 41.7 | 41.7 | Utrecht |
Eurofima AG | 5.8 | 5.8 | Basel |
- * Pursuant to the provisions of Section 403 of Book 2 of the Dutch Civil Code, NS Groep NV has assumed liability in respect of the debts arising from legal acts.
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.