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 2010. 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 2006, 2007, 2008, 2009 and 2010 has been prepared under IFRS issued by the IASB and as adopted by the European Union.

 
  31 March
2010
£m
31 March
2009
£m
31 March
2008
£m
31 March
2007
£m
31 March
2006
£m
Summary income statement          
Revenue 13,988 15,624 11,423 8,695 8,868
Operating profit          
Before exceptional items, remeasurements and stranded cost recoveries 3,121 2,915 2,595 2,031 1,968
Exceptional items, remeasurements and stranded cost recoveries 172 (292) 369 482 406
  3,293 2,623 2,964 2,513 2,374
Profit before taxation          
Before exceptional items, remeasurements and stranded cost recoveries 1,974 1,770 1,829 1,486 1,369
Exceptional items, remeasurements and stranded cost recoveries 219 (376) 353 265 349
  2,193 1,394 2,182 1,751 1,718
Profit for the year attributable to equity shareholders          
Before exceptional items, remeasurements and stranded cost recoveries 1,418 1,259 1,275 1,146 1,075
Exceptional items, remeasurements and stranded cost recoveries (32) (315) 1,915 248 2,773
  1,386 944 3,190 1,394 3,848
Summary statement of net assets          
Non-current assets 38,488 37,712 30,830 21,109 22,106
Current assets 5,065 6,755 5,435 5,312 3,818
Assets of businesses held for sale 1,506 1,968
Total assets 43,553 44,467 37,771 28,389 25,924
Current liabilities (6,559) (7,026) (7,146) (3,360) (5,683)
Non-current liabilities (32,783) (33,457) (25,188) (20,443) (16,748)
Liabilities of businesses held for sale (63) (450)
Total liabilities (39,342) (40,483) (32,397) (24,253) (22,431)
Net assets 4,211 3,984 5,374 4,136 3,493
Summary cash flow statement          
Cash generated from operations          
Continuing operations 4,372 3,564 3,265 3,090 2,973
Discontinued operations (8) 10 181 138
  4,372 3,556 3,275 3,271 3,111
Tax received/(paid) 144 (143) (110) (313) (140)
Net cash inflow from operating activities 4,516 3,413 3,165 2,958 2,971
Net cash flows (used in)/from investing activities (2,332) (1,998) (3,023) (4,061) 4,052
Net cash flows (used in)/from financing activities (2,212) (877) (1,592) 1,278 (5,842)
Net (decrease)/increase in cash and cash equivalents (28) 538 (1,450) 175 1,181

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