National Grid 2005 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2005 National Grid annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 61

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table provides the funded status of the benefits and the amounts recognized on the balance sheets at March 31.
52
National Grid USA / Annual Report
(in thousands)
2005 2004 2005 2004 2005 2004
Reconciliation of (accrued)/prepaid cost, March 31,
Funded status (735,032)$ (662,159)$ (112,739)$ (114,190)$ (1,096,837)$ (926,263)$
Unrecognized prior service cost 54,888 26,439 (1,127) (1,276) 133,106 (8,906)
Unrecognized net loss 831,986 743,500 22,596 22,035 597,757 600,571
Net amount recognized at March 31, 151,842$ 107,780$ (91,270)$ (93,431)$ (365,974)$ (334,598)$
Amounts recognized in the balance sheet consists of:
Accrued benefit liability (432,628)$ (425,951)$ (111,044)$ (110,807)$ (365,974)$ (334,598)$
Intangible asset 54,888 26,439 - - - -
Regulatory asset 252,218 215,382 - - - -
Accumulated other comprehensive income 277,364 291,910 19,774 17,376 - -
Net amount recognized at March 31, 151,842$ 107,780$ (91,270)$ (93,431)$ (365,974)$ (334,598)$
PBOP
Pension Plans
Qualified
Nonqualified
Pension Plans