32. Related parties
Transactions with related parties are conducted on an arm’s-length basis.
All issued shares are held by the State of the Netherlands. One significant transaction with an enterprise that has a relationship with the State (DUO, the Dutch Education Executive Agency) concerns the consideration received for student public transport cards (2021: €525 million, 2020: €459 million).
Payments of the infrastructure charge for the Dutch infrastructure are made to ProRail BV, a State-affiliated company. This is explained in note 31.
Furthermore, the Group received a sum of €962 million (2020: €843 million) in grants from the State in 2021 through various schemes (availability payments, NOW and other schemes). These are recognised as revenue.
TLS is wholly owned by Coöperatie Openbaar Vervoerbedrijven, of which NS is a member, and Translink Systems BV is therefore a related party. For the performance of the activities by Translink Systems BV, the Group paid Translink an amount of €0.1 million in 2021 (2020: €0.1 million) for products and services provided. Translink Systems BV engages in the development, implementation and use of the electronic registration and payment system for public transport in the Netherlands.
The transactions with the Executive Board and the Supervisory Board members are disclosed in note 2.
There were no significant transactions in 2021 or 2020 with joint ventures and other participating interests.
Group companies
The main companies included in the consolidated financial statements are:
Percentage interest | Registered office | ||
2021 | 2020 | ||
Operating companies | |||
NS Reizigers BV* | 100.0 | 100.0 | Utrecht |
Abellio Transport Holding BV | 100.0 | 100.0 | Utrecht |
NedTrain BV* | 100.0 | 100.0 | Utrecht |
NS Financial Services (Holdings) Ltd (being wound up) | 100.0 | 100.0 | Dublin |
NS Stations BV* | 100.0 | 100.0 | Utrecht |
NS Vastgoed BV* | 100.0 | 100.0 | Utrecht |
NS Insurance NV | 100.0 | 100.0 | Utrecht |
NS Opleidingen BV* | 100.0 | 100.0 | Utrecht |
NS Lease BV* (as of 1 January 2021 merged with NS Reizigers BV) | 100.0 | 100.0 | Utrecht |
Subsidiaries of operating companies | |||
Thalys Nederland NV* | 100.0 | 100.0 | Utrecht |
NS Internationaal BV* | 100.0 | 100.0 | Utrecht |
NS Stations Retailbedrijf BV* | 100.0 | 100.0 | Utrecht |
NS Fiets BV* | 100.0 | 100.0 | Utrecht |
NS OV-Fiets BV* | 100.0 | 100.0 | Utrecht |
Stationsfoodstore BV* | 100.0 | 100.0 | Utrecht |
NS Poort Ontwikkeling BV | 100.0 | 100.0 | Utrecht |
NS Financial Services Company (being wound up) | 100.0 | 100.0 | Dublin |
Abellio Nederland BV | 100.0 | 100.0 | Utrecht |
Abellio Transport Group Ltd | 100.0 | 100.0 | Glasgow |
Abellio Transport Holdings Ltd | 100.0 | 100.0 | London |
Abellio Greater Anglia Ltd | 100.0 | 100.0 | London |
Abellio East Anglia Ltd | 60.0 | 60.0 | London |
Abellio West Midlands Ltd | 85.1 | 70.1 | Birmingham |
Abellio West Midlands Ltd | 100.0 | 100.0 | London |
Abellio Rail Baden-Wurttemberg GmbH** | - | 100.0 | Stuttgart |
Abellio Rail Mitteldeutschland GmbH** | - | 100.0 | Halle |
Abellio Rail NRW GmbH** | - | 100.0 | Essen |
WestfalenBahn GmbH | - | 100.0 | Bielefeld |
Abellio GmbH | - | 100.0 | Essen |
Abellio ScotRail Ltd | 100.0 | 100.0 | Glasgow |
Abellio West London Ltd | 100.0 | 100.0 | London |
Abellio London Ltd | 100.0 | 100.0 | London |
Transport Holding Germany BV | 100 | 0 | Utrecht |
ATH Rail Beteiligungsgesellschaft Deutschland GmbH | 100 | 0 | Berlin |
Joint ventures | |||
Merseyrail Services Holding Company Ltd | 50 | 50 | Hampshire |
Other interests | |||
Reisinformatiegroep BV | 41.7 | 41.7 | Utrecht |
Eurofima AG | 5.8 | 5.8 | Basel |
NS Mobiliteitsdiensten BV | 90 | 90 | Utrecht |
- * Pursuant to the provisions of Section 403 of Book 2 of the Netherlands Civil Code, NS Groep NV has assumed liability in respect of the debts arising from legal acts.
- ** The German entities are no longer included in the consolidation with effect from 30 June 2021. For an explanation, see the general information.
Pursuant to Sections 379 and 414 of Book 2 of the Netherlands Civil Code, a complete list of the Group's subsidiaries, associates and joint ventures has been filed with the office of the Trade Register in Utrecht.