National Grid 2009 Annual Report Download - page 4

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02 National Grid plc Annual Review 2008/09
Business overview
The Company highlights
Ordinary dividends
35.64p
2007/08: 33.00p
+8%
Capital expenditure
£3,242m
2007/08: £3,054m
+6%
Return on equity † +
(three year average)
10.8%
2007/08: 11.8%
Cash generated from operations *
£3,564m
2007/08: £3,265m
+9%
Adjusted earnings per share * † +
50.9p
2007/08: 47.8p
+6%
Earnings per share *
37.4p
2007/08: 60.3p
-38%
R eve n ue *
£15,624m
2007/08: £11,423m
+37%
Adjusted operating profit * † +
£2,915m
2007/08: £2,595m
+12%
Operating profit *
£2,623m
2007/08: £2,964m
-12%
+ National Grid uses adjusted profit measures
as key financial indicators to assess our
business performance
* for continuing operations
† excludes the impact of exceptional items,
remeasurements and stranded cost recoveries
We have had another year of strong financial performance. Cash
generated from operations was more than £3.5 billion, revenue was
more than £15.6 billion, while adjusted operating profit and adjusted
earnings per share were higher by 12% and 6% respectively.