3.11 Segment information

Accounting policies

PostNL reports two operating segments: Parcels and Mail in the Netherlands and one other segment: PostNL Other. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-makers. These chief operating decision-makers, who are responsible for allocating resources and assessing the performance of the operating segments, have been identified as the Board of Management of PostNL that makes strategic decisions. Transfer prices between operating segments are on an arm's length basis.

Balance sheet information

A reconciliation of the segment information relating to the balance sheet of the reportable segments is presented below. Segment information relating to the income statement is reported in note 2.7.

PostNL Segmentation - balance sheet and capital expenditures in € million
2023

At 31 December 2023	Parcels	Mail in NL	PostNL Other	Total
Intangible assets	41	200	166	407
Property, plant and equipment	392	88	11	491
Right-of-use assets	193	40	60	293
Other non-current assets	27	1	16	44
Trade accounts receivable	227	92	1	320
Other current assets	50	81	493	624
Assets classified as held for sale	0	1	0	1
Total assets	930	504	747	2,180

Non-current liabilities	226	110	360	695
Trade accounts payable	88	95	27	210
Other current liabilities	271	445	358	1,074
Total liabilities	584	650	746	1,979

Cash out for capital expenditures	43	11	72	126

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A reconciliation of the segment information relating to the balance sheet of the reportable segments as at 31 December 2022 is presented in the following table.

PostNL Segmentation - balance sheet and capital expenditures in € million
2022

At 31 December 2022	Parcels	Mail in NL	PostNL Other	Total
Intangible assets	40	201	148	389
Property, plant and equipment	344	101	12	457
Right-of-use assets	187	42	65	295
Other non-current assets	32	1	20	53
Trade accounts receivable	219	150	1	370
Other current assets	39	60	553	652
Assets classified as held for sale	0	3	2	6
Total assets	861	558	802	2,221

Non-current liabilities	184	117	757	1,057
Trade accounts payable	68	81	33	182
Other current liabilities	243	507	51	802
Total liabilities	495	706	841	2,042

Cash out for capital expenditures	35	17	85	138

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PostNL Geographical segmentation - assets in € million
2022, 2023

At 31 December	The Netherlands	Other countries	Total
Intangible assets	388	1	389
Property, plant and equipment	447	10	457
Right-of-use assets	259	35	295
Financial fixed assets	46	7	53
Total non-current assets 2022	1,141	53	1,194

Intangible assets	406	1	407
Property, plant and equipment	478	14	491
Right-of-use assets	257	36	293
Financial fixed assets	38	6	44
Total non-current assets 2023	1,179	56	1,235

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The segment information from a geographical perspective is derived as follows: the basis of allocation of assets and investments by geographical area is the location of the assets.

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