Consolidated balance sheet

x € 1 million	Note	31 December 2023	31 December 2022^*	1 January 2022^*
ASSETS
Non-current assets
Property , plant and equipment	13	7,522	6,993	6,570
Intangible assets	14	107	100	92
Right-of-use assets	15	68	70	73
Financial assets
- Other non-current financial assets		7	13	14
Total non-current assets		7,704	7,176	6,749

Current assets
Assets held for sale		-	-	4
Inventories	19	99	54	51
Current tax assets	28	10	-	-
Trade and other receivables	20	283	222	165
Derivative financial instruments	18	-	-	15
Cash and cash equivalents	21	188	53	133
Total current assets		580	329	368

TOTAL ASSETS		8,284	7,505	7,117

* The comparative figures have been adjusted as a result of a change in accounting policy for the valuation of property, plant and equipment. See 2.2.10 Property, plant and equipment for more information.

x € 1 million	Note	31 December 2023	31 December 2022^*	1 January 2022^*
LIABILITIES
Group equity
Equity attributable to Stedin Holding N.V. shareholders	22	2,715	2,083	1,974
Perpetual subordinated bond loan	22	506	506	506
Total group equity		3,221	2,589	2,480

Non-current liabilities
Provisions for employee benefits	22	11	10	9
Other provisions	24	13	11	15
Deferred tax liabilities	17	149	87	65
Derivative financial instruments	18	-	34	64
Interest-bearing debt	25	3,069	3,116	2,675
Lease liability	15	57	59	61
Deferred revenue	26	1,065	960	876
Total non-current liabilities		4,364	4,277	3,765

Current liabilities
Provisions for employee benefits	22	4	5	4
Other provisions	24	3	1	3
Derivative financial instruments	18	50	19	-
Interest-bearing debt	25	265	280	531
Lease liability	15	12	12	14
Current tax liabilities	28	-	14	12
Trade and other liabilities	27	365	308	308
Total current liabilities		699	639	872

TOTAL LIABILITIES		8,284	7,505	7,117

* The comparative figures have been adjusted as a result of a change in accounting policy for the valuation of property, plant and equipment. See 2.2.10 Property, plant and equipment for more information.

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