The consolidated financial statements of Enexis Holding N.V. comprise the consolidated income statement, the consolidated statement of comprehensive income, the consolidated balance sheet, the consolidated cash flow statement and the consolidated statement of changes in equity. The explanatory notes to the financial overviews included in the consolidated financial statements form an integral part of the consolidated financial statements of Enexis Holding N.V.
Enexis Holding N.V. uses the euro as its functional currency. Unless otherwise stated, all amounts are stated in millions of euros. Purchase and sale transactions in foreign currencies are recognised at the settlement exchange rate on the transaction date.
Enexis Holding N.V. applies the International Financial Reporting Standards (IFRS), as adopted within the European Union, as the accounting principles for the valuation and determination of the result. The financial statements have been prepared in accordance with the provisions of Title 9, Book 2 of the Dutch Civil Code. Unless otherwise stated, the financial statements are prepared on a historical cost basis.
The consolidated financial statements of Enexis Holding N.V. have been prepared on a going-concern basis. This means that the principles of valuation and determination of results used in the annual accounts are based on the assumption that the company will be able to continue to operate as a going concern for at least twelve months after the preparation of the annual report. The Executive Board of Enexis Holding N.V. has assessed the company's ability to continue as a going concern. Based on this assessment, it has been concluded that there are no material uncertainties regarding the company's ability to continue as a going concern for a period of at least twelve months after preparation of the annual report.