Accounting policies applied for the financial statements
In determining the accounting policies for the valuation of assets and liabilities and determining the result for the company financial statements, NV Nederlandse Spoorwegen makes use of the option provided by paragraph 8, Section 362, Book 2 of the Dutch Civil Code. This means that the accounting policies for the valuation of assets and liabilities and determination of the result (hereinafter the ‘accounting policies') for the company financial statements of NV Nederlandse Spoorwegen are the same as those used for the consolidated financial statements. Participating interests in which significant influence is exercised are valued using the equity method.
Pursuant to Section 402(1), Part 9, Book 2 of the Netherlands Civil Code, a summarised profit and loss account has been sufficient in the company financial statements of NV Nederlandse Spoorwegen.
Participating interests in group companies
The participating interests in group companies are valued using the equity method, with losses only being considered insofar as the shareholder is obliged to eliminate them.
Result for group companies
The result for group companies consists of the result after income tax.