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Source: Financial Statements 2010, Consolidated balance sheet at 31 december 2010, page 64
Consolidated balance sheet at 31 December 2010
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Source: Financial Statements 2010, Consolidated profit-and-loss account for the year 2010, page 66
Consolidated profit-and-loss account for the year 2010
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Source: Financial Statements 2010, Consolidated statement of comprehensive income for the year 2010, page 67
Consolidated statement of comprehensive income for the year 2010
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Source: Financial Statements 2010, Consolidated statement of changes in equity for the year 2010, page 68
Consolidated statement of changes in equity for the year 2010
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Source: Financial Statements 2010, Consolidated cash flow statement for the year 2010, page 69
Consolidated cash flow statement for the year 2010
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Source: Financial Statements 2010, General notes, page 70
1. Changes in structure of TenneT Holding B.V
2. Nature of the business
3. Summary of accounting principles applied
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Source: Financial Statements 2010, General notes, page 70
In 2010, major changes occurred that had a significant influence on the financial statements. These concern the acquisition of transpower stromübertragungs gmbh and transpower offshore gmbh, the impairment on the 220/380 kV grid net of TenneT TSO B.V. and – to a lesser extent – the acquisition of Belpex S.A. through APX-ENDEX Holding B.V.
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Source: Financial Statements 2010, General notes, page 74
TenneT provides transmission and system services, constructs, operates and manages transmission grids, maintains the energy balance between supply and demand, and facilitates the operation of the energy market, encourages the development of a sustainable energy market and rents out telecommunications infrastructure.
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Source: Financial Statements 2010, General notes, page 75
The consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS), as published by the International Accounting Standards Board (IASB) and endorsed by the European Commission.
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Source: Financial Statements 2010, General notes, page 90
TenneT’s policy is aimed at effective cash flow management and safeguarding group equity against financial risks.
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