The consolidated financial statements contain the financial statements of Enexis Holding N.V. and its group companies.
Group companies concern all entities over which Enexis Groep exercises control, i.e. Enexis Groep is exposed or entitled to variable results based on its involvement in the entity and can influence these results based on its power to steer the entity's activities. Group companies are included in the consolidation from the date on which decisive control is obtained. Group companies are no longer included in the consolidation from the date on which the criteria for group companies are no longer met.
Consolidation is carried out using the full consolidation method. If the share of Enexis Holding N.V. in the group company is less than 100%, the minority interest is disclosed in equity and in the income statement. Financial relationships and results between consolidated companies are eliminated.
In the event of loss of control, the assets and liabilities of the subsidiary, as well as any minority interests and other equity components relating to the subsidiary, are no longer included in the balance sheet. Any surplus or deficit resulting from the loss of control is recognised in the income statement. If Enexis Groep retains an interest in the former subsidiary, that interest is recognised at fair value when control ceases to exist. After the initial recognition, the interest is valued in accordance with the equity method if Enexis exercises significant influence. If Enexis does not exercise significant influence, the interest is recognised based on IFRS 9 Financial Instruments.