Associates and joint ventures
x € 1 million | 2019 | 2018 |
---|---|---|
Book value as at 1 January | 5 | 5 |
Share in profit after income tax | -2 | - |
Book value as at 31 December | 3 | 5 |
This table relates to the 33.3% interest in Zebra Gasnetwerk B.V. (below: Zebra). Zebra is the grid manager of the main distribution pipeline for high-calorific gas from Zelzate to Moerdijk. In August 2019, Enexis Netbeheer and Enduris (subsidiaries of Stedin) reached agreement with the national grid manager Gasunie Transport Services (GTS) on the sale of the extra high‑pressure networks owned by ZEBRA Gasnetwerk as well as Enexis Netbeheer and Enduris. The date of sale will be 31 December 2020. The associate has been accounted for at the recoverable amount as at 31 December 2019.