Financial information

Key financial figures

In millions of euros 2018 2017
Profit and loss account    
Revenues 1,247 1,241
EBITDA 644 752
EBIT 331 331
Result after taxation 325 257
Proposed dividend 228 259

Financial policy

Gasunie’s financial goal is to guarantee its access to national and international money markets and capital markets and to be able to choose from a broad range of possible financial instruments. Having adequate credit ratings is essential to achieving this goal. For this reason Gasunie pursues a financial policy that aims to meet the financial criteria applied by the rating agencies.

The company’s financial policy aims to reduce financial risk at minimal cost. Derivative financial instruments such as swaps and other derivatives are only applied in order to reduce risks and are explicitly not permitted for the purpose of creating speculative positions.

Long-term loans outstanding

Gasunie has issued several long-term bonds under its Euro Medium Term Note (EMTN) programme. In addition to these public loans, Gasunie has concluded a number of private long-term loans with the European Investment Bank (EIB).

Senior bond loans outstanding under the EMTN programme

Amount: EUR 300,000,000
Term: 20 June 2006 – 20 June 2021
Interest coupon: 4.50%
ISIN: XS0257884436
Final Terms

Amount: EUR 500,000,000
Term: 13 October 2011 – 13 October 2021
Interest coupon: 3.625%
ISIN: XS0690606172
Final Terms

Amount: EUR 500,000,000
Term: 13 July 2012 – 13 July 2022
Interest coupon: 2.625%
ISIN: XS0804217536
Final Terms

Amount: EUR 650,000,000
Term: 11 May 2016 – 11 May 2026
Interest rate: 1.00%
ISIN: XS1409382030
Final Terms

Amount: EUR 300,000,000
Term: 18 November 2016 – 18 November 2019
Interest coupon: 0.000%
ISIN: XS1520713022
Final Terms

Amount: EUR 300,000,000
Term: 16 October 2018 – 16 October 2028
Interest rate: 1.375%
ISIN: XS1892117919
Final Terms

Private loans with the European Investment Bank

Amount: EUR 125,000,000
Term: 30 September 2008 – 29 September 2023
Interest rate: 4.804%

Amount: EUR 125,000,000
Term: 28 November 2008 – 28 November 2022
Interest rate: 4.50%

Amount: EUR 125,000,000
Term: 14 December 2009 – 13 December 2024
Interest rate: 4.266%

Amount: EUR 125,000,000
Term: 21 July 2010 – 21 July 2025
Interest rate: 3.581%

Amount: EUR 150,000,000 (amortizing with equal installments)
Term: 28 October 2013 – 28 October 2020
Interest rate: 6-month euribor plus 0.123%

Amount: EUR 50,000,000
Term: 23 December 2014 - 23 December 2024
Interest rate: 1.329%