Summary consolidated financial information
Financial summary (unaudited)
The financial summary set out below has been derived from the audited consolidated financial statements of National Grid for the five financial years ended 31 March 2009. It should be read in conjunction with the consolidated financial statements and related notes, together with the Operating and Financial Review. The information presented below for the years ended 31 March 2005, 2006, 2007, 2008 and 2009 has been prepared under IFRS issued by the IASB and as adopted by the European Union.
| 31 March 2009 £m |
31 March 2008* £m |
31 March 2007 £m |
31 March 2006 £m |
31 March 2005 £m |
|
|---|---|---|---|---|---|
| Summary income statement | |||||
| Revenue | 15,624 | 11,423 | 8,695 | 8,868 | 7,174 |
| Operating profit | |||||
| Before exceptional items, remeasurements and stranded cost recoveries | 2,915 | 2,595 | 2,031 | 1,968 | 1,936 |
| Exceptional items, remeasurements and stranded cost recoveries | (292) | 369 | 482 | 406 | 177 |
| 2,623 | 2,964 | 2,513 | 2,374 | 2,113 | |
| Profit before taxation | |||||
| Before exceptional items, remeasurements and stranded cost recoveries | 1,770 | 1,829 | 1,486 | 1,369 | 1,235 |
| Exceptional items, remeasurements and stranded cost recoveries | (376) | 353 | 265 | 349 | 177 |
| 1,394 | 2,182 | 1,751 | 1,718 | 1,412 | |
| Profit for the year attributable to equity shareholders | |||||
| Before exceptional items, remeasurements and stranded cost recoveries | 1,259 | 1,275 | 1,146 | 1,075 | 1,376 |
| Exceptional items, remeasurements and stranded cost recoveries | (315) | 1,915 | 248 | 2,773 | 48 |
| 944 | 3,190 | 1,394 | 3,848 | 1,424 | |
| Summary statement of net assets | |||||
| Non-current assets | 37,712 | 30,830 | 21,109 | 22,106 | 25,596 |
| Current assets | 6,755 | 5,435 | 5,312 | 3,818 | 1,964 |
| Assets of businesses held for sale | – | 1,506 | 1,968 | – | – |
| Total assets | 44,467 | 37,771 | 28,389 | 25,924 | 27,560 |
| Current liabilities | (7,026) | (7,146) | (3,360) | (5,683) | (5,974) |
| Non-current liabilities | (33,457) | (25,188) | (20,443) | (16,748) | (19,465) |
| Liabilities of businesses held for sale | – | (63) | (450) | – | – |
| Total liabilities | (40,483) | (32,397) | (24,253) | (22,431) | (25,439) |
| Net assets | 3,984 | 5,374 | 4,136 | 3,493 | 2,121 |
| Summary cash flow statement | |||||
| Cash generated from operations | |||||
| Continuing operations | 3,564 | 3,265 | 3,090 | 2,973 | 2,820 |
| Discontinued operations | (8) | 10 | 181 | 138 | 638 |
| 3,556 | 3,275 | 3,271 | 3,111 | 3,458 | |
| Tax paid | (143) | (110) | (313) | (140) | (150) |
| Net cash inflow from operating activities | 3,413 | 3,165 | 2,958 | 2,971 | 3,308 |
| Net cash flows (used in)/from investing activities | (1,998) | (3,023) | (4,061) | 4,052 | (2,900) |
| Net cash flows (used in)/from financing activities | (877) | (1,592) | 1,278 | (5,842) | (400) |
| Net increase/(decrease) in cash and cash equivalents | 538 | (1,450) | 175 | 1,181 | 8 |
- *
- Comparatives for the year ended 31 March 2008 have been restated for the finalisation of the fair value exercise on the acquisition of KeySpan Corporation