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 by the European Union as its accounting policies. Furthermore, the financial statements have been prepared in accordance with the provisions of Title 9, Book 2 of the Dutch Civil Code. The financial statements have been prepared on a historical cost basis, unless otherwise stated.
The consolidated financial statements of Enexis Holding N.V. have been prepared on a going concern basis. This means that the accounting policies used in the financial statements for valuation and determination of results are based on the assumption that the company can continue to operate on a going concern basis for a period of at least 12 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 12 months after the preparation of the annual report.