Annual Report 2017 Enovos Luxembourg S.A.

52 53 Part I Our Mission 6 Part II Our Achievements 14 Part III Annual Accounts 22 Annual Report 2017 Enovos Luxembourg Note 14 – Net turnover Net turnover for the year breaks down as follows: 2017 2016 € € Categories of activity: Electricity sales and accessories for the supply of electricity 527,593,460 649,871,708 Gas sales and accessories for the supply of gas 512,905,145 515,926,976 Other sales 10,575,054 17,680,954 Total 1,051,073,659 1,183,479,638 Geographical markets: France 102,523,194 140,919,047 Belgium 36,172,916 46,699,609 Germany 452,719,816 513,747,956 Luxembourg 459,657,733 482,113,026 Total 1,051,073,659 1,183,479,638 Trading sales are not included in these amounts, as they are shown net of supplies, which is part of the policy to consider trading as a means to reduce procurement costs. Note 15 – Other operating income The caption “Other operating income” heading includes mainly income not directly linked to turnover. In 2016, the caption included an exceptional reversal of a provision of EUR 15,050,000. Note 16 – Staff costs Staff costs include salaries, social security costs as well as costs for the pension plans. Total staff costs amount to EUR 23,374,674 in 2017 (2016: EUR 22,147,151). 208 people were employed by the Company, on average, in 2017 (2016: 209). Due to the improvement of the presentation of the annual accounts (see note 1), the captions “Social security costs” and “Other staff costs” have been redefined. The caption “Social security costs” relating to pensions includes employer’s share of social security costs relative to legal pension contributions. The caption “Other staff costs” includes pension costs related to the supple- mentary pension scheme. The amounts of 2016 have been reclassified accordingly. Note 17 – Income from participating interests This heading includes dividends received from affiliated undertakings and other holdings. Note 18 – Value adjustments in respect of financial assets and of investments held as current assets As a consequence of the financial transactions described in note 6, the Company posted a value adjustment of EUR 11,200,000 on Energiepark Trelderberg GmbH, of EUR 1,100,000 on Enovos Solar Investments II S.r.l. Unipersonale, of EUR 6,830,545 on NPG Energy NV and of EUR 281,075 on Learning Factory S.A. Reversals of value adjustments of EUR 913,990 have been posted on Twinerg S.A., EUR 1,700,000 on La Benâte Energies S.à r.l. and EUR 127,500 on NPG Agro NV. The total net impact of these transactions amounts to EUR 16,670,130 in 2017. Note 19 – Remuneration paid to members of the administration and supervisory bodies Remuneration paid to members of the board totalled EUR 553,000 (2016: EUR 451,000). No advance or loan was granted to members of the administration and supervisory bodies, nor was any commitment given on their behalf in respect of any form of guarantee.