National Grid 2008 Annual Report Download - page 700

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 15717
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: 173
Description: EXHIBIT 15.1
0/7369.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/369/7*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 15717
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: 173 Description: EXHIBIT 15.1
0/7369.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/369/7*
Table of Contents
Annual Report and Accounts 2007/08
181
Company balance sheet
at 31 March
Commitments and contingencies are shown in note 10 to the Company financial statements on page 185.
The notes on pages 182 to 185 form part of the individual financial statements of the Company, which were approved by the
Board of Directors on 14 May 2008 and were signed on its behalf by:
Sir John Parker Chairman
Steve Lucas Finance Director
2008 2007
Notes £m £m
Fixed assets
Investments
2
4,276 3,707
Current assets
Debtors
(
amounts fallin
g
due within one
y
ear
)
3
8,545 9,050
Debtors
(
amounts fallin
g
due after more than one
y
ear
)
3
2,811 3
Derivative financial instruments (amounts falling due within one year)
5 341 119
Derivative financial instruments
(
amounts fallin
g
due after more than one
y
ear
)
5
751 192
Current asset investments 787 1,030
13,235 10,394
Creditors
(
amounts fallin
g
due within one
y
ear
)
Borrowin
g
s
6
(
1,019
)
(
360
)
Derivative financial instruments
5
(
79
)
(
29
)
Other creditors (4,855) (2,799)
4
(
5,953
)
(
3,188
)
Net current assets 7,282 7,206
Total assets less current liabilities 11,558 10,913
Creditors
(
amounts fallin
g
due after more than one
y
ear
)
Borrowings
6 (4,460) (4,524)
Derivative financial instruments
5
(
179
)
(
54
)
Amounts owed to subsidiar
y
undertakin
g
s
(
452
)
–
(
5,091
)
(
4,578
)
Net assets em
p
lo
y
ed 6,467 6,335
Capital and reserves
Called u
p
share ca
p
ital
7
294 308
Share
p
remium account
8
1,371 1,332
Cash flow hed
g
e reserve
8
14 22
Other equity reserves
8 124 91
Profit and loss account
8
4,664 4,582
Total shareholders’ funds
9
6,467 6,335