National Grid 2008 Annual Report Download - page 512
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 |
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 46023
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 3
7/8197.00.00.00Y59930BNY
[A/E] EDGAR 2 *Y59930/197/8*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 46023
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 3
7/8197.00.00.00Y59930BNY
[A/E] EDGAR 2 *Y59930/197/8*
Table of Contents
EXTRACTED FORM OF THE ANNUAL REPORT AND ACCOUNTS 2007/08
Page
Business Overview
Board of directors 12
O
p
eratin
g
and Financial Review
Principal operations 14
Vision, strate
gy
and ob
j
ectives 15
Business drivers, risks and opportunities 16
External market and re
g
ulator
y
environment 18
Organisation and structure 20
Current and future develo
p
ments 22
Performance summary and key performance indicators 24
Performance a
g
ainst our ob
j
ectives 26
Transmission 44
Gas Distribution 52
Electricity Distribution & Generation 60
Non-re
g
ulated businesses and other 68
Discontinued operations 73
Financial position and financial management 74
Accountin
g
p
olicies 82
Independent Corporate Responsibility Report 86
Cor
p
orate Governance
Corporate governance 88
Directors’ Re
p
orts
Directors’ report 98
Directors’ remuneration re
p
or
t
100
Financial Statements
Contents to financial statements 111
Statement of Directors’ responsibilities 112
Inde
p
endent auditors’re
p
or
t
113
Accounting policies 114
Ado
p
tion of new accountin
g
standards 121
Consolidated income statement 122
Consolidated balance sheet 123
Consolidated statement of recognised income and expense 124
Consolidated cash flow statement 125
Notes to the consolidated financial statements
—
anal
y
sis of items in the
p
rimar
y
statements 126
Notes to the consolidated financial statements — supplementary information 153
Com
p
an
y
accountin
g
p
olicies 179
Company balance sheet 181
Notes to the Com
p
an
y
financial statements 182
Definition and glossary of terms 186
Summar
y
consolidated financial information 189
Shareholder Information
Shareholder Information 190
* The Independent Corporate Responsibility Report on page 86 relates to the corporate responsibility elements of the
full Annual Report and Accounts available on our website.