Annual Report and Accounts 2017/18
Here you can view or download our full Annual Report and Accounts, or its separate sections – the Strategic Report, Corporate Governance Report, Financial Statements and Additional Information.
National Grid faces many challenges, but our performance during the year showcased the collective spirit I believe will ensure we go on delivering sustained value for our stakeholders and for wider society.
The Strategic Report includes an overview of our strategy and business model, the principal risks we face and information about our performance. In addition to the financial review included within this section, we provide additional analysis and commentary – including the performance of our operating segments – within the unaudited commentary sections of the financial statements. This additional analysis forms part of our Strategic Report.
The Corporate Governance report, introduced by our Chairman Sir Peter Gershon (pictured), contains details about the activities of the Board and its committees during the year. We include reports from the: Audit; Finance; Safety, Environment and Health; Nominations; and, Remuneration Committees. We also include details of our shareholder engagement activities.
Our financial statements include: the independent auditor’s reports; consolidated financial statements prepared in accordance with IFRS as adopted by the EU and as issued by the IASB; related commentary and notes to the consolidated financial statements; and, the Company’s financial statements, prepared in accordance with FRS 101.
This section includes: additional disclosures and information; definitions and a glossary of terms; summary consolidated financial information; and, other useful information for shareholders, including contact details for more information or help.