National Grid 2008 Annual Report Download - page 297

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 41292
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 91
Description: EXH 2(B).6.1
0/1695.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/695/1*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 41292
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 91 Description: EXH 2(B).6.1
0/1695.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/695/1*
NATIONAL GRID USA AND SUBSIDIARY COMPANIES
Consolidated Balance Sheets
(In thousands of dollars)
F-6
March 31,
2007 2006
CAPITALIZATION AND LIABILITIES
Capitalization:
Common stockholder’s equity:
Common stock
(
$.10
p
ar value
)
$— $
—
Authorized - 3,000 shares
Issued and outstanding - 1,000 shares
Additional paid-in capital 7,599,045 7,099,046
Retained earnings 1,549,978 1,484,597
Accumulated other comprehensive loss (401,738) (4,256)
Total common stockholder’s equity 8,747,285 8,579,387
Minority interest in subsidiaries 16,397 17,712
Cumulative preferred stock 52,317 52,317
Long-term debt 1,968,528 2,125,241
Long-term debt to affiliates 1,200,000 1,200,000
Total capitalization 11,984,527 11,974,657
Current liabilities:
Accounts payable 698,433 614,725
Customers’ deposits 51,294 40,770
Accrued interest 75,136 50,506
Accrued taxes 33,197 169,998
Short-term debt due to affiliates 1,028,866 644,168
Current portion of long-term debt 218,873 302,320
Current portion of accrued Yankee nuclear plant costs 28,527 54,796
Current
p
ortion of derivatives and swa
p
contracts 264,497 324,858
Current portion of purchased power obligations 10,949 13,559
Liabilities of discontinued operations 34,887 29,590
Current regulatory liabilities 129,286 67,921
Accrued wages and benefits 96,819 97,322
Other 86,513 55,954
Total current liabilities 2,757,277 2,466,487
Other non-current liabilities:
Accumulated deferred income taxes 1,988,880 2,223,355
Unamortized investment tax credits 61,347 67,593
Accrued Yankee nuclear plant costs 117,416 140,832