Note 9 Inventories The impairment of inventories in 2021 was €1 million (2020: €1 million). Lees meer Note 10 Trade and other receivables At the end of the financial year, impairment of trade receivables totalled €8 million (2020: €10 million). The impairment loss on trade receivables recognised in the income statement in 2021 amounted to €2 million (2020: €3 million). Lees meer Note 11 Cash and cash equivalents The effective interest rate on cash and cash equivalents ranged from -1.03% to -0.26% (2020: -0.68% to -0.17%). Cash and cash equivalents are held almost entirely in euros. Lees meer Note 12 Equity The company’s authorised capital is divided into 350 million shares of €5 nominal value. As at year-end 2021, 136,794,964 shares were in issue (2020: 136,794,964). Lees meer Note 13 Interest-bearing debt The movements in new loans and loan repayments during the year resulted in cash flows; the currency translation differences and other movements did not result in cash flows during the year. Lees meer Note 14 Deferred income Deferred income relates to construction contributions, investment grants and subsidies received. Lees meer Note 15 Provisions for employee benefits Prompted by the deterioration of the funding ratio in 2008, ABP introduced a recovery plan in 2009. At the start of each year ABP evaluates the progress of the recovery on the basis of the actual funding ratio at the end of the preceding year. Lees meer Note 16 Other provisions The other provisions as at year-end 2021 amounted to €28 million (2020: €30 million), part of which relates to a loss-making maintenance contract in one of the business units amounting to €13 million (2020: €17 million). Lees meer Note 17 Deferred tax The deferred tax item is made up as follows: Lees meer Note 18 Trade and other payables Other debt includes €23 million owed to a company in which Alliander has a non-controlling interest (2020: €16 million). Lees meer Toon meer resultaten