|
( x EUR 1,000 ) |
Other |
Non-current assets |
Total |
|
Balance at 31 December 2006 |
- |
1,139 |
1,139 |
|
Initial valuation of Endex European Energy Derivatives Exchange N.V. |
150 |
- |
150 |
|
Recognised in the profit-and-loss account |
-/- 150 |
- |
-/- 150 |
|
Balance at 31 December 2007 |
- |
1,139 |
1,139 |
|
|
|
|
Annual Report 2008
TenneT
- Consolidated balance sheet at 31 December 2008
- Consolidated profit-and-loss account for the year 2008
- Statement of changes in equity for the year 2008
- Consolidated cash flow statement for the year 2008
- General notes
- Notes to the consolidated balance sheet at 31 December 2008
- 1. Tangible fixed assets
- 2. Intangible assets
- 3. Participating interests
- 4. Financial assets
- 5. Deferred tax assets
- 6. Other receivables
- 7. Inventory
- 8. Accounts receivable and other receivables
- 9. Accounts receivable in connection with energy exchange transactions
- 10. Derivative financial instruments
- 11. Cash and cash equivalents
- 12. Non-current assets available for sale
- 13. Equity
- 14. Loans
- 15. Investment contributions
- 16. Auction receipts
- 17. Provisions
- 18. Derivative financial instruments
- 19. Deferred tax liabilities
- 20. Amounts received in advance
- 21. Bank overdrafts
- 22. Accounts payable in connection with energy exchange transactions
- 23. Securities
- 24. Accounts payable and other liabilities
- Notes to the consolidated profit-and-loss account for the year 2008
- 25. Revenue
- 26. Energy and capacity expenses
- 27. Transmission grid and system expenses
- 28. Personnel expenses
- 29. Depreciation and amortisation of assets
- 30. Other operating expenses
- 31. Finance income and expenses
- 32. Corporation tax
- 33. Profit from participating interests
- 34. Off-balance sheet rights and obligations
- 35. Events after the balance sheet date
- 36. Acquisitions
- 37. Cash flow statement
- Company balance sheet at 31 December 2008
- Company profit-and-loss account for the year 2008
- Statement of changes in equity for the year 2008
- Notes to the company balance sheet and profit-and-loss account for the year 2008
- 38. Principles governing the valuation of assets and liabilities and the determination of results
- 39. Investments in group companies
- 40. Minority participating interests
- 41. Derivative financial instruments
- 42. Receivables from group companies
- 43. Equity
- 44. Loans
- 45. Bank overdrafts
- 46. Liabilities payable to group companies
- 47. Share in the results of participating interests
- 48. Affiliated entities
- Other information
- Auditor’s report
19. Deferred tax liabilities |
The movement in the deferred tax liability was as follows:
|
( x EUR 1,000 ) |
Other |
Non-current assets |
Total |
|
Balance at 31 December 2007 |
- |
1,139 |
1,139 |
|
Initial valuation of NOVEC B.V. |
- |
3,146 |
3,146 |
|
Recognised in the profit-and-loss account |
- |
- |
- |
|
Balance at 31 December 2008 |
- |
4,285 |
4,285 |
|
|
|
|
The deferred tax liability relates to the goodwill associated with the spot market activities of APX B.V., which has already been written off for tax purposes, as well as the intangible assets which were commercially valued upon acquisition of Endex European Energy Derivatives Exchange N.V. (customer base, arrangements with participants). Realisation will take place principally during the remaining useful lives of the intangible assets in question (approximately ten years).