National Grid 2005 Annual Report Download - page 27

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The accompanying notes are an integral part of these consolidated financial statements.
27
National Grid USA / Annual Report
2005 2004
ASSETS
Utility plant, at original cost:
Electric plant
10,531,420$ 10,170,487$
Gas plant
1,517,804 1,477,977
Common plant
378,418 358,341
Construction work-in-process
175,879 213,702
Total utility plant
12,603,521 12,220,507
Less: accumulated depreciation and amortization
(3,972,348) (3,820,799)
Net utility plant
8,631,173 8,399,708
Goodwill, net of amortization
3,237,049 3,232,125
Pension intangible
54,888 26,439
Other property and investments
412,637 394,300
Current assets:
Cash and cash equivalents
354,578 243,085
Restricted cash (Note A)
15,288 17,204
Accounts receivable (less reserves of $147,597 and
1,117,729 1,084,886
$142,175, respectively, and includes receivables from
associated companies of $6,806 and $3,431, respectively)
Materials and supplies, at average cost:
Gas storage
3,498 11,226
Other
42,602 33,872
Derivative instruments
35,326 24,393
Prepaid taxes
16,748 -
Current portion of accumulated deferred income taxes Note H)
340,837 248,642
Current portion of regulatory assets (Note B)
308,044 287,011
Other
36,381 24,030
Total current assets
2,271,031 1,974,349
Other non-current assets:
Regulatory assets (Note B)
6,034,286 6,330,205
Other
70,875 88,233
Total non-current assets
6,105,161 6,418,438
Total assets 20,711,939$ 20,445,359$
March 31,
NATIONAL GRID USA AND SUBSIDIARY COMPANIES
Consolidated Balance Sheets
(In thousands of dollars)