National Grid 2008 Annual Report Download - page 697

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 7434
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: 170
Description: EXHIBIT 15.1
0/6366.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/366/6*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 7434
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: 170 Description: EXHIBIT 15.1
0/6366.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/366/6*
Table of Contents
178
Notes to the consolidated financial statements continued
National Grid plc
38. National Grid Gas plc and Niagara Mohawk Power Corporation additional
disclosures continued
Cash flow statements
Cash dividends were received by National Grid plc from consolidated subsidiaries amounting to £2,500m durin
g
the year ended
31 March 2008 (2007: £220m; 2006: £nil).
Parent Subsidiary
guarantor Issuer of notes guarantor
Niagara
National Mohawk British National National
Grid Power Transco Grid Gas Other Consolidation Grid
plc Corporation Finance Inc. plc subsidiaries adjustments consolidated
£m £m £m £m £m £m £m
Year ended 31 March 2008
Net cash provided by operating activities –
continuin
g
o
p
erations 4 316
–
1,552 1,283
–
3,155
Net cash provided by operating activities –
discontinued o
p
erations
–
–
–
–
10
–
10
Net cash
p
rovided b
y
o
p
eratin
g
activities 4 316
–
1,552 1,293
–
3,165
Net cash provided by/(used in) investing activities –
continuing operations 1,547 (209) – (1,630) (3,658) (2,123) (6,073)
Net cash (used in)/provided by investing activities –
discontinued o
p
erations
–
–
–
(
4
)
3,054
–
3,050
Net cash used in investin
g
activities 1,547
(
209
)
–
(
1,634
)
(
604
)
(
2,123
)
(
3,023
)
Net cash
(
used in
)
/
p
rovided b
y
financin
g
activities
(
2,302
)
(
105
)
–
(
87
)
(
1,221
)
2,123
(
1,592
)
(Decrease)/increase in cash and cash equivalents
in the
y
ear
(
751
)
2
–
(
169
)
(
532
)
–
(
1,450
)
Year ended 31 March 2007
Net cash provided by operating activities –
continuing operations 1 374 – 1,341 1,064 – 2,780
Net cash provided by operating activities –
discontinued o
p
erations
–
–
–
–
178
–
178
Net cash
p
rovided b
y
o
p
eratin
g
activities 1 374
–
1,341 1,242
–
2,958
Net cash used in investin
g
activities
–
continuin
g
o
p
erations
(
1,225
)
(
140
)
–
(
1,381
)
(
403
)
(
807
)
(
3,956
)
Net cash provided by/(used in) investing activities –
discontinued o
p
erations
–
–
–
27
(
132
)
–
(
105
)
Net cash used in investin
g
activities
(
1,225
)
(
140
)
–
(
1,354
)
(
535
)
(
807
)
(
4,061
)
Net cash
p
rovided b
y
/
(
used in
)
financin
g
activities 940
(
232
)
–
(
42
)
(
195
)
807 1,278
(Decrease)/increase in cash and cash equivalents
in the
y
ear
(
284
)
2
–
(
55
)
512
–
175
Year ended 31 March 2006
Net cash provided by operating activities –
continuin
g
o
p
erations
–
329
–
1,140 1,401
–
2,870
Net cash (used in)/provided by operating activities –
discontinued o
p
erations
–
–
–
(
57
)
158
–
101
Net cash
p
rovided b
y
o
p
eratin
g
activities
–
329
–
1,083 1,559
–
2,971
Net cash used in investin
g
activities
–
continuin
g
o
p
erations
–
(
192
)
–
(
146
)
(
659
)
(
492
)
(
1,489
)
Net cash provided by/(used in) investing activities –
discontinued operations – – – 5,635 (94) – 5,541
Net cash
(
used in
)
/
p
rovided b
y
investin
g
activities
–
(
192
)
–
5,489
(
753
)
(
492
)
4,052
Net cash
p
rovided b
y
/
(
used in
)
financin
g
activities 914
(
141
)
–
(
6,355
)
(
752
)
492
(
5,842
)
Increase/
(
decrease
)
in cash and cash e
q
uivalents in the
y
ear 914
(
4
)
–
217 54
–
1,181