National Grid 2008 Annual Report Download - page 661
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 |
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 47300
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: 134
Description: EXHIBIT 15.1
0/4330.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/330/4*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 47300
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: 134
Description: EXHIBIT 15.1
0/4330.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/330/4*
Table of Contents
142
Notes to the consolidated financial statements continued
National Grid plc
14. Other non-current assets
The fair value of other non-current receivables at 31 March 2008 was £246m (2007: £35m). For further information on
commodity contract assets, refer to note 34. Other receivables include a £152m (2007: £nil) receivable from the Long Island
Power Authority.
15. Financial and other investments
Available-for-sale investments are recorded at fair value. Due to their short maturities the carrying value of loans and
receivables approximates their fair value.
The maximum exposure to credit risk at the reporting date is the fair value of the financial investments. For further information
on our treasury-related credit risk, refer to note 33. None of the financial investments is past due or impaired.
2008 2007
£m £m
Lease receivables 4 15
Pre
p
a
y
ments 76
Other receivables 186 15
Commodit
y
contract assets 58
–
255 36
2008 2007
£m £m
Non-current
Available-for-sale investments 180 132
Investments in
j
oint ventures and associates 71 5
251 137
Current
Available-for-sale investments 2,062 1,800
Loans and receivables 33 298
2,095 2,098
Total financial and other investments 2,346 2,235
Financial and other investments include the followin
g
:
Investments in short-term money funds 1,803 1,591
UK mana
g
ed investments in e
q
uit
y
and bonds 224 213
US mana
g
ed investments in e
q
uit
y
and bonds 107 74
Bank de
p
osits
–
250
Restricted cash balances
Collateral 17 22
Other 10 22
Cash surrender value of life insurance
p
olicies 101 53
Investment in
j
oint ventures and associates 71 5
Other investments 13 5
2,346 2,235