National Grid 2008 Annual Report Download - page 647

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 28828
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: 120
Description: EXHIBIT 15.1
0/7316.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/316/7*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 28828
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: 120 Description: EXHIBIT 15.1
0/7316.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/316/7*
Table of Contents
128
Notes to the consolidated financial statements continued
National Grid plc
1. Segmental analysis continued
(d) Total assets and total liabilities
* Comparatives have been adjusted to present items on a basis consistent with the current year classification
The analysis of total assets and total liabilities includes all attributable goodwill and excludes inter-business balances.
Unallocated total assets comprise cash and cash equivalents, taxation, current financial investments and derivative financial
assets. Unallocated total liabilities comprise bank overdrafts, borrowings, derivative financial liabilities and taxation.
2. Other operating income
Other operating income represents income on the disposal of property, plant and equipment, principally properties disposed of
by our property management business.
3. Operating costs
*Comparatives have been adjusted to present items on a basis consistent with the current year classification
Total assets Total liabilities
2008 2007 2008 2007
£m £m £m £m
Business se
g
ments
–
continuin
g
o
p
erations
Transmission UK* 10,076 8,060
(
1,455
)
(
1,434
)
Transmission US 1,534 1,481 (38) (19)
Gas Distribution UK 5,765 5,404
(
1,222
)
(
1,192
)
Gas Distribution US 7,031 1,109
(
1,254
)
(
231
)
Electricit
y
Distribution & Generation US* 5,525 4,536
(
2,226
)
(
1,697
)
Other activities* 2,517 1,478 (1,023) (603)
32,448 22,068
(
7,218
)
(
5,176
)
Discontinued o
p
erations 1,508 1,968
(
83
)
(
477
)
33,956 24,036
(
7,301
)
(
5,653
)
Joint ventures
–
continuin
g
o
p
erations 71 5
–
–
Unallocated 3,795 4,348 (25,141) (18,600)
37,822 28,389
(
32,442
)
(
24,253
)
Geo
g
ra
p
hical se
g
ments
UK 17,533 16,405
(
3,365
)
(
3,683
)
US 16,494 7,288
(
3,936
)
(
1,966
)
Rest of the world – 348 – (4)
Unallocated 3,795 4,348
(
25,141
)
(
18,600
)
37,822 28,389 (32,442) (24,253)
Before exceptional items, Exceptional items,
remeasurements and stranded remeasurements and stranded Total
2008 2007 2006 2008 2007 2006 2008 2007 2006
£m £m £m £m £m £m £m £m £m
Depreciation of property, plant and
e
q
ui
p
ment 940 830 844
–
–
–
940 830 844
Amortisation of intan
g
ible assets 50 41 44 4
–
–
54 41 44
Pa
y
roll costs 1,071 794 807 108 26 47 1,179 820 854
Other operating charges:
Purchases of electricit
y
* 1,589 1,680 1,906
(
236
)
(
87
)
71 1,353 1,593 1,977
Purchases of
g
as 2,011 544 566
–
–
–
2,011 544 566
Rates and
p
ro
p
ert
y
taxes 608 472 437
–
–
–
608 472 437
Electricity transmission services
scheme direct costs 574 558 536
–
–
–
574 558 536
Payments to Scottish electricity
transmission network owners 226 237 259
–
–
–
226 237 259
Other* 1,452 1,165 1,064 137 5 (7) 1,589 1,170 1,057
8,521 6,321 6,463 13
(
56
)
111 8,534 6,265 6,574
O
p
eratin
g
costs include:
Research ex
p
enditure 13 67
O
p
eratin
g
lease rentals
Plant and machinery 33 21 23
Other 30 63 53