Capitalised own production

Hours worked by own staff and directly attributed to own investment projects are deducted from operating expenses as capitalised production.

Compared with the preceding financial year, capitalised own production increased by € 8 million to € 188 million. The increase was caused by the need for Stedin to implement more safety measures due to the coronavirus, which meant more direct labour hours were worked on each project.

Hours worked by external staff attributed to own investment projects are deducted from personnel expenses (external staff); see note 6 Personnel expenses.