National Grid 2007 Annual Report Download - page 47

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National Grid Electricity Transmission plc Annual Report and Accounts 2006/07
Consolidated Balance Sheet
at 31 March
2007
2006
Notes
£m
£m
Non-current assets
Intangible assets
14
65
76
Property, plant and equipment
15
4,793
4,520
Other receivables
17
15
24
Derivative financial assets
18
3
23
Total non-current assets
4,876
4,643
Current assets
Inventories
20
17
16
Trade and other receivables
21
515
479
Financial investments
22
377
-
Derivative financial assets
18
2
16
Cash and cash equivalents
23
465
24
1,376 535
Assets classified as held for sale
12
23
-
1,399
535
Total assets
2(c)
6,275
5,178
Current liabilities
Bank overdrafts
23
(26)
(16)
Borrowings
24
(237)
(243)
Derivative financial liabilities
18
(4)
(9)
Trade and other payables
25
(856)
(763)
Provisions
27
(2)
(3)
(1,125)
(1,034)
Liabilities directly associated with assets classified as held for sale
12
(4)
-
Total current liabilities
(1,129)
(1,034)
Non-current liabilities
Borrowings
24
(3,491)
(2,747)
Derivative financial liabilities
18
(36)
(10)
Other non-current liabilities
26
(134)
(148)
Deferred tax liabilities
16
(647)
(700)
Retirement benefit obligations
8
(488)
(390)
Provisions
27
(13)
(17)
Total non-current liabilities
(4,809)
(4,012)
Total liabilities
2(c)
(5,938)
(5,046)
Net assets
337
132
Equity
Called up share capital
28
44
-
Cash flow hedge reserve
30
(5)
(8)
Retained earnings
30
298
140
Total shareholders' equity
30
337
132
These financial statements comprising the Consolidated Income Statement, Consolidated Statement of Recognised Income and
Expense, Consolidated Balance Sheet, Consolidated Cash Flow Statement and the related notes 1 to 35, were approved by the
Board of Directors on 29 May 2007 and were signed on its behalf by:
Nick Winser Director
Andy Chapman Director
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