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Financial statements

14. Impairments of non-current assets/onerous contracts

In view of the substantial impact of COVID-19 on passenger revenues, the Group has determined that there are indicators of asset impairment for some of the Group’s cash-generating units (CGUs).

15. Investments accounted for using the equity method

The investments that are accounted for using the equity method have a carrying amount of €19 million (2019: €19 million). The financial information for these investments is as follows.

16. Inventories

The inventories of maintenance materials consist of raw materials and other materials for the production and maintenance of finished and semi-finished products for the maintenance centres.

17. Trade and other receivables

Trade and other receivables includes an amount of €210 million (2019: €3 million) relating to ProRail and the Dutch central government.

18. Cash and cash equivalents

The cash and bank balances are at the free disposal of the company, with the exception of €129 million (31 December 2019: €134 million).

19. Accrued and deferred items

Accruals and deferred income as at 31 December 2020 amounted to €14 million (31 December 2019: €32 million).

20. Trade and other liabilities

Trade and other payables includes an amount of €88 million (2019: €6 million) related to ProRail and the Dutch central government, of which €86 million relates to the NOW scheme.

21. Deferred income

The deferred income of €562 million (2019: €738 million) consists mainly of amounts for student public transport passes in the Netherlands received in advance and season ticket payments received in advance in the United Kingdom and the Netherlands.

22. Other non-current financial assets, including investments

The interest in Eurofima is measured at fair value. The net asset value of this interest was used as the best approximation of fair value. This has not resulted in a revaluation of this interest as at 31 December 2020.

23. Equity

See the consolidated statement of changes in equity for the movements in equity.

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