Note 47 Current and accrued liabilities

The short-term liabilities, accruals and deferred income relate to trade payables, taxes payable and the other short-term liabilities.

Note 48 Derivatives

Derivatives are measured at fair value.

Note 49 Contingent assets and liabilities

Please refer to note [45] to the consolidated financial statements for details of finance lease payables.

Note 50 Operating income

The decrease in net revenue is mainly due to the transfer of Alliander N.V.’s interest in the joint operation Utility Connect within the Alliander group, as a result of which it is no longer part of the company financial statements.

Note 51 Costs of subcontracted work and other external expense

Note 52 Employee benefit expense

The employee benefit expense item mainly concerns the costs of group-wide activities at holding company level.

Note 53 Depreciation and amortisation

Depreciation of IT assets and right-of-use assets are recognised in the Other column.

Note 54 Other operating expenses

Costs passed on by group companies mainly concerns internal development projects at holding company level.

Note 55 Finance income

Alliander uses FX swaps to hedge the currency risk.

Note 56 Finance expense