Consolidated statement of comprehensive income

Unrealised gains and losses that will not be reclassified to the income statement (net of tax effects)

Adjustment for fair value of regulated networks

Effect of changes in tax rate on revaluation reserve

Unrealised gains and losses that may be reclassified to the income statement

Unrealised gains and losses on cash flow hedges

Recycling cash flow hedge reserve to income statement

Deferred tax liabilities on cash flow hedges / cost of hedging

Effect of change in tax rate on cash flow hedge reserve / cost of hedging

Profit distribution:

Holders of Stedin Holding N.V. perpetual bond loan (after income tax)