Capitalised own production

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

Capitalised own production increased by € 19 million compared with the preceding financial year, to €207 million. The increase is due to the fact that Stedin was forced to stop projects in 2020 because of the coronavirus, whereas the work continued in 2021, though more safety measures were applied and therefore more man-hours were expended per project.

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