National Grid 2009 Annual Report Download - page 2

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What’s inside?
National Grid plc Annual Review 2008/09
01
Business Overview
01 Vision, strategy and objectives
02 Highlights
04 Chairman’s statement
06 Chief Executive’s review
08 How we operate
10 Our vision and objectives in action
04
Summary Directors’
Remuneration Report
22 Summary Corporate Governance
22 Summary Directors’
Remuneration Report
22 Role of the Remuneration
Committee and its terms
of reference
23 Remuneration policy
23 Executive Directors’ remuneration
24 Share ownership guidelines
24 Executive Directors’ service
contracts
24 Non-executive Directors’
remuneration
24 Non-executive Directors’ letters
of appointment
25 Performance graph
02
Board of Directors
16 Board of Directors
05
Summary financial statements
26 Summary consolidated
income statement
27 Summary consolidated
balance sheet
27 Summary consolidated
cash flow statement
28 Basis of preparation and
accounting policies
28 Independent Auditors’ Statement
to the Members of National Grid plc
03
Summary Operating
and Financial Review
18 Summary Operating
and Financial Review
18 Financial performance
19 Dividends
19 Dividend policy
19 Cash flow
19 Net debt
19 Net pension and other
post-retirement obligations
19 Treasury policy
19 Going concern
20 Performance summary
06
Shareholder information
29 Financial calendar
29 Dividends
29 Website and electronic
communication
29 Shareholder Networking
29 Share dealing, individual savings
accounts (ISAs) and ShareGift
29 Capital Gains Tax
29 Shareholdings
Important Notice
This document contains certain statements that are neither reported financial results nor other
historical information. These statements are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. For a description of factors that could affect future results,
reference should be made to the full Cautionary Statement on the back cover.