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NS's solid financial position deteriorated sharply over the past year. This is reflected in the structure and composition of the available capital, and in the available cash resources including any committed credit facilities.
At the end of the year under review, equity was €1,179 million (2019: €3,781 million). The net loss of €2,581 million has been recognised in the general reserves and explains the drop in equity, in particular.
While in previous years we had to make every conceivable effort to facilitate the growth in passenger volumes, the challenge has now shifted to winning passengers back, recovering passenger volumes and rebuilding our results and our financial
In mid-March, the COVID-19 outbreak in the Netherlands plunged the country into a deep crisis. The extremely sharp drop in passenger numbers took a heavy toll on our company.
Appointed on 4 March 2014 until 2018, reappointed until 2022