3. Segmentation

Enexis Holding N.V. distinguishes between two reporting segments, namely:

• Enexis regulated; and

• Enexis other.

The above classification is based on the internal reporting structure, particularly the consolidated monthly reports and the (annual) business plan.

The ‘Enexis regulated’ segment covers Enexis Netbeheer B.V. and Enexis Personeel B.V. jointly and forms by far the largest segment within Enexis (in terms of revenue and total assets, the share of these activities amounts to more than 90%). Enexis Netbeheer B.V. is responsible for constructing, managing, maintaining, and modernising the regional gas and electricity grids over which the supplier delivers gas or electricity to households or businesses. Enexis Personeel B.V. provides labour to the companies in its group and other services and goods to its employees. To the extent that Enexis Personeel B.V. works for entities operating outside the ‘Enexis regulated’ segment, a settlement of costs has taken place.

The ‘Enexis other’ segment covers the activities of Enexis Vastgoed B.V. and Enpuls B.V. (including Enpuls Projecten B.V. and Mijnwater Warmte Infra B.V.). Enexis Vastgoed B.V. leases its own real estate within Enexis. Enpuls B.V. and its related entity, Enpuls Projecten B.V., were established to facilitate energy saving and greening by realising scalable solutions within the context of Enexis’ objectives. Mijnwater Warmte Infra B.V. manages and maintains heating and cooling networks, expands existing heating and cooling networks, and invests in new heating and cooling networks in the Parkstad region. 

Enexis Holding N.V., which is responsible for financing all entities operating within Enexis, cannot be assigned to a segment and therefore forms part of the column ‘Normalisations, eliminations and reconciliations’.

Costs and revenues charged between the segments and receivables, payables, and current account positions between the segments have been eliminated. In the segmentation overview, these costs and revenues are recognised under ‘Normalisations, eliminations and reconciliations’. The eliminated costs and revenues mainly concern housing expenses charged by Enexis Vastgoed B.V. and costs charged by Enexis Personeel B.V. for services provided to Enpuls B.V. en Enexis Vastgoed B.V.

The operating segment ‘Enexis other’ includes an impairment for the cash flow-generating unit Mijnwater Warmte Infra B.V. of €19 million. For further details, see Note 12 ‘Property, plant and equipment’.