The abridged balance sheet as at 31 December 2022 is shown below.
31 December 2022
31 December 2021
Assets held for sale
Equity and liabilities
Liabilities held for sale
Total equity and liabilities
The significant changes in the balance sheet as at 31 December 2022 compared to the situation as at 31 December 2021 are explained below. Detailed information on balance sheet items is given in the financial statements.
Non-current assets increased by €559 million. This increase is mainly explained by the high level of investment, in particular in the electricity networks.
Current assets fell by over €200 million, mainly due to the lower cash balance as a result of the negative cash flow of €419 million.
The assets and liabilities held for sale relate mainly to Kenter.
Equity increased by €100 million, mainly as a result of the profit of €198 million achieved in 2022 on the one hand, and the dividend of €100 million paid over 2021 on the other. A summary of the movements can be found in note 12 of the financial statements.
The increase in non-current assets was financed, in part, through external loans. The non-current liabilities increased by €404 million compared to 2021. This was mainly due to the green bond issued with a face value of €500 million.