Company balance sheet

Before profit appropriation

x € 1 million	Note	As at 31 December 2019	As at 31 December 2018
ASSETS
Non-current assets
Property, plant and equipment		59	10
Intangible assets	40	77	77
Financial assets	41	5,324	5,265
Total non-current assets		5,460	5,352

Current assets
Receivables from group companies	42	579	566
Current tax assets		20	21
Accruals and other receivables		16	23
Cash and cash equivalents		53	110
Total current assets		668	720

TOTAL ASSETS		6,128	6,072

LIABILITIES
Equity
Share capital	23	497	497
Revaluation reserve	23	720	754
Cash flow hedge reserve	23	-70	-65
Cost of hedging reserve		-1	-1
Retained earnings	23	989	907
Undistributed profit for the year	23	313	106
Equity attributable to Stedin Holding N.V. shareholders		2,448	2,198
Perpetual subordinated bond loan	23	501	501
Total equity		2,949	2,699

Non-current liabilities
Provisions		4	4
Deferred tax liabilities		42	30
Interest-bearing debt	26	2,913	2,548
Derivative financial instruments	19	52	56
Total non-current liabilities		3,011	2,638

Current liabilities
Interest-bearing debt	26	5	496
Liabilities to group companies	42	122	192
Other liabilities	43	41	47
Total current liabilities		168	735

TOTAL LIABILITIES		6,128	6,072

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