Related party transactions

Associates, joint ventures and parties with whom decisive control is jointly exercised over an entity listed in these financial statements and the company's Management and Supervisory Boards are considered as related parties. Shareholders in Eneco with significant influence are related parties.

Sales to and purchases from related parties are on terms of business normally prevailing with third parties. Receivables and liabilities are not covered by collateral and are paid by bank transactions.

The table below shows the trading transactions with the principal related parties:

Sales

Purchases

2012

2011

2012

2011

Associates

94

84

18

17

Joint ventures

3

11

54

22

Other capital interests ( > 20%)

1

6

21

12

Assets

Liabilities

At 31 December 2012

At 31 December 2011

At 31 December 2012

At 31 December 2011

Associates

22

19

1

Joint ventures

1

1

8

4

Other capital interests ( > 20%)

2

2

3

Note 6 provides details of the remuneration of members of the Management and Supervisory Boards. Other than this functional relationship, they and Eneco have no relationship other than that of customer and supplier on normal conditions of supply. Eneco applies the exemption from disclosures on related party transactions with government-related entities. The Municipality of Rotterdam has significant influence. There is no relationship other than the shareholder relationship, except that of customer and supplier on normal arm’s length terms and conditions.