Notes to the 2016 consolidated financial statements

General information

NV Nederlandse Spoorwegen has its registered office in Utrecht, Netherlands. The company’s consolidated financial statements for the 2016 financial year include the company and its subsidiaries (hereinafter referred to as the ‘Group’) and the Group’s share in associates and companies that it controls jointly with third parties. NV Nederlandse Spoorwegen is the holding company of NS Groep NV, which in turn is the holding company of the operating companies. The figures for the consolidated financial statements of NS Groep NV are the same as the consolidated figures for NV Nederlandse Spoorwegen. The operating companies of NS Groep NV are listed in note 32. The Group's activities consist mainly of transporting passengers and the management and development of property and station locations.

The consolidated financial statements comply with the International Financial Reporting Standards (IFRS) and their interpretations by the International Accounting Standards Board (IASB), as adopted for use by the European Union. The Executive Board prepared the financial statements on 24 February 2017. In its preliminary report to the General Meeting of Shareholders, the Supervisory Board advised that the financial statements should be adopted unaltered. On 24 February 2017, the Executive Board and Supervisory Board approved the publication of the financial statements. The financial statements are on the agenda of the General Meeting of Shareholders on 27 February 2017.

The accounting policies that have been adopted when drawing up the financial statements are stated in note 33.

Acquisition and disposal of companies

No participating interests were acquired or sold in 2016.