Financial statements

30. Provisions

The purpose of the provision for reorganisation costs is to cover the costs arising from reorganisation measures.

31. Leases

The Group has lease contracts for rolling stock, real estate and other operating assets that are used in its operations. The Group's obligations under the leases are safeguarded by the lessor's right to the ownership of the leased assets.

32. Off-balance sheet arrangements

A number of investigations are under way against NS and/or group companies and various claims have been submitted which are being contested by the company. Where deemed necessary, provisions have been made for this.

33. Related parties

Transactions with related parties are conducted on an arm’s-length basis.

34. Events after the balance sheet date

No matters have come to light after the balance sheet date that provide further information about the actual situation as at the balance sheet date, nor were there events that are significant for the opinion to be formed by users of the financial

Company balance sheet as at 31 December 2019

(before profit appropriation)

Company statement of income 2019

Accounting policies applied for the financial statements

In determining the accounting policies for the valuation of assets and liabilities and determining the result for the company financial statements, NV Nederlandse Spoorwegen makes use of the option provided by Section 362(8) of Book 2 of the Dutch

Notes to the company balance sheet and income statement

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

Profit appropriation as stipulated by the Articles of Association

In accordance with Article 21(2) of the Articles of Association of NV Nederlandse Spoorwegen, the Annual General Meeting of Shareholders decides on the appropriation of any positive balance in the income statement.

Combined independent auditor’s report on the financial statements and sustainability information

For the Combined independent auditor’s report on the financial statements and sustainability information, see the pdf version on the website.

NS ten-year summary