National Grid 2008 Annual Report Download - page 641

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 17479
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 114
Description: EXHIBIT 15.1
0/7310.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/310/7*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 17479
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 114 Description: EXHIBIT 15.1
0/7310.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/310/7*
Table of Contents
122
Consolidated income statement
National Grid plc
Consolidated income statement
for the years ended 31 March
*Comparatives have been adjusted to present items on a basis consistent with the current year classification
The notes on pages 126 to 178 form part of the consolidated financial statements.
2008 2008 2007 2007 2006 2006
Notes £m £m £m £m £m £m
Revenue 1(a) 11,423 8,695 8,868
Other operating income 2 75 83 80
O
p
eratin
g
costs
3
(
8,534
)
(
6,265
)
(
6,574
)
Operating profit
Before exceptional items, remeasurements
and stranded cost recoveries*
1(b)
2,595 2,031 1,968
Exceptional items, remeasurements and
stranded cost recoveries*
4 369 482 406
Total o
p
eratin
g
p
rofit
1(b)
2,964 2,513 2,374
Interest income and similar income
6
1,275 1,144 1,036
Interest expense and other finance costs
Before exce
p
tional items and remeasurements
6
(
2,035
)
(
1,691
)
(
1,638
)
Exce
p
tional items and remeasurements
4,6
(
16
)
(
217
)
(
57
)
6 (2,051) (1,908) (1,695)
Share of post-tax results of joint ventures and
associates 4 2 3
Profit before taxation
Before exceptional items, remeasurements and
stranded cost recoveries* 1,839 1,486 1,369
Exceptional items, remeasurements and
stranded cost recoveries*
4
353 265 349
Total
p
rofit before taxation 2,192 1,751 1,718
Taxation
Before exceptional items, remeasurements
and stranded cost recoveries*
7
(
583
)
(
442
)
(
369
)
Exceptional items, remeasurements and
stranded cost recoveries*
4,7 (28) 1 (166)
Total taxation
7
(
611
)
(
441
)
(
535
)
Profit from continuin
g
o
p
erations after taxation
Before exceptional items, remeasurements
and stranded cost recoveries* 1,256 1,044 1,000
Exceptional items, remeasurements and
stranded cost recoveries*
4
325 266 183
Profit for the
y
ear from continuin
g
o
p
erations 1,581 1,310 1,183
Profit for the year from discontinued operations
Before exce
p
tional items and remeasurements
8
28 104 77
Exce
p
tional items and remeasurements
8
1,590
(
18
)
2,590
8
1,618 86 2,667
Profit for the
y
ear 3,199 1,396 3,850
Attributable to:
E
q
uit
y
shareholders of the
p
arent 3,196 1,394 3,848
Minority interests 3 2 2
3,199 1,396 3,850
Earnin
g
s
p
er share from continuin
g
o
p
erations
Basic
10
60.5
p
48.1
p
41.6
p
Diluted
10
60.1
p
47.8
p
41.4
p
Earnin
g
s
p
er share
Basic 10 122.5p 51.3p 135.6p
Diluted
10
121.8
p
50.9
p
135.0
p