20. Cash and cash equivalents

Cash and cash equivalents are recognised at nominal value. The item only includes cash and cash equivalents payable on demand. Cash and cash equivalents not payable on demand are recognised under other current financial assets, depending on the applicable maturities and conditions.

For a breakdown of cash flows, see the cash flow statement and the explanatory notes to the cash flow statement included in note 29 ‘Notes to the cash flow statement’.

Enexis Holding N.V., Enexis Netbeheer B.V., Enexis Vastgoed B.V., Enexis Personeel B.V., Enpuls B.V., Enpuls Projecten B.V. and Mijnwater Warmte Infra B.V. have placed all bank accounts in a cash pool at the Rabobank. Credit balances of Enexis Holding N.V., Enexis Vastgoed B.V., Enexis Personeel B.V., Enpuls B.V., Enpuls Projecten B.V. and Mijnwater Warmte Infra B.V. in the cash pool at the Rabobank have been pledged as security for the credit facility of Enexis Netbeheer B.V. and for amounts owed to each other.

Cash and cash equivalents of the group companies that are part of the cash pool and use zero balancing are reported on a net basis. As part of this, companies’ bank balances are automatically concentrated in the main account, or this main account covers negative balances. The cash and cash equivalents of the group companies where zero balancing is not applied (Enpuls Projecten B.V. en Mijnwater Warmte Infra B.V.) are not reported on a net basis. At the end of 2024, these group companies had positive balances on their bank accounts. At the end of 2024, the bank and cash balances amount to €46 million.

As of 31 December 2024, no cash or cash equivalents were placed in money market funds.