Assets / liabilities held for sale

Customize annual report

At 31 December 2013

At 31 December 2012

Buildings

6

Assets for disposal

85

7

Total assets

91

7

Liabilities for disposal

1

3

Total liabilities

1

3

Total held for sale

90

4

Various assets/liabilities and operations that were classified as discontinued during 2012 were settled in 2013. The balance at 31 December 2013 mainly comprises high-voltage networks in Zuid-Holland, which are intended to be transferred to TenneT during 2014, as required by law. The lease-and-lease-back transactions relating to these networks were settled during 2013.

This amount also includes the fair value less costs to sell of a property of Joulz that is expected to be sold in 2014. Impairment of € 8 million was recognised for this building in Depreciation and impairment of property, plant and equipment in the income statement. This one-off fair value calculation may be classified as a level 2 calculation within the fair value hierarchy. The 'market approach' used estimated market rates for similar office/commercial spaces.