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40 National Grid Gas plc Annual Report and Accounts 2009/10
Consolidated balance sheet
at 31 March
2010 2009
Notes
£m £m
Non-current assets
Intangible assets
9
131 77
Property, plant and equipment
10
10,808 10,359
Other non-current assets
11
5,611 5,611
Derivative financial assets
12
565 688
Total non-current assets 17,115 16,735
Current assets
Inventories and other intangible assets
13
43 34
Trade and other receivables
14
288 450
Financial investments
15
326 1,009
Derivative financial assets
12
72 204
Cash and cash equivalents
16
1-
Total current assets 730 1,697
Total assets
1(d)
17,845 18,432
Current liabilities
Borrowing
s
17
(449) (1,421)
Derivative financial liabilities
12
(30) (67)
Trade and other payables
18
(806) (814)
Current tax liabilities (19) (34)
Provisions
21
(62) (51)
Total current liabilities (1,366) (2,387)
Non-current liabilities
Borrowing
s
17
(7,223) (7,251)
Derivative financial liabilities
12
(121) (42)
Other non-current liabilities
19
(1,104) (1,107)
Deferred tax liabilities
20
(1,890) (1,777)
Provisions
21
(110) (98)
Total non-current liabilities (10,448) (10,275)
Total liabilities (11,814) (12,662)
Net assets 6,031 5,770
Equit
y
Called up share capital 45 45
Share premium account 204 204
Retained earnings 4,492 4,184
Cash flow hedge reserve (44) 4
Other reserves 1,332 1,332
Shareholder's equit
y
6,029 5,769
Minority interest 21
Total equit
y
6,031 5,770
Paul Whittaker Director
Adam Wiltshire Director
These financial statements, comprising the consolidated income statement, consolidated statement of comprehensive income, consolidated
balance sheet, consolidated statement of changes in equity, consolidated cash flow statement, accounting policies, adoption of new
accounting standards and the notes to the consolidated financial statements 1 to 31, were approved by the Board of Directors on 2 July 2010
and were signed on its behalf by: