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National Grid Electricity Transmission plc Annual Report and Accounts 2006/07
Company balance sheet
2006
at 31 March
2007
(restated)(i)
Notes
£m
£m
Fixed assets
Tangible assets
6
4,855
4,592
Derivative financial assets
3
23
4,858
4,615
Current assets
Stocks
7
17
16
Debtors
8
553
514
Derivative financial assets (amounts falling due within one year)
2
16
Current asset investments
9
377
-
Cash at bank and in hand
462
22
1,411
568
Creditors (amounts falling due within one year)
Borrowings
(263)
(259)
Derivative financial liabilities
(4)
(9)
Other creditors
(855)
(761)
10
(1,122)
(1,029)
Net current assets/(liabilities)
289
(461)
Total assets less current liabilities
5,147
4,154
Creditors (amounts falling due after one year)
Borrowings
(3,491)
(2,747)
Derivative financial liabilities
(36)
(10)
Other creditors
(133)
(147)
11
(3,660)
(2,904)
Provisions for liabilities and charges
13
(821)
(840)
Net assets before post-retirement liability
666
410
Net post-retirement liability 14 (324) (256)
Net assets
342
154
Capital and reserves
Called up share capital
15
44
-
Cash flow hedge reserve
16
(5)
(8)
Profit and loss account
16
303
162
Total equity shareholders' funds
342
154
(i) During the year ended 31 March 2007, the company adopted the Amendment to FRS 17 and
comparative figures for 2006 have been restated accordingly.
The notes on pages 75 to 84 form part of the Accounts which 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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