National Grid 2012 Annual Report Download - page 5

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4
NATIONAL GRID USA AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions of dollars)
2012 2011
Current liabilities:
Accounts payable 1,187$ 1,358$
Commercial paper -735
Other tax liabilities 34 -
Current port ion of long-term debt 195 67
T axes accrued 114 46
Customer deposits 123 96
Interest accrued 183 91
Regulatory liabilities 398 382
Advance from affiliates -527
Derivative contracts 135 89
Payroll and benefits accurals 274 322
Other current liabilities 190 142
Current liabilities related t o assets held for sale 34 27
T ot al current liabilit ies 2,867 3,882
Defe rred credits and othe r l iabili tie s:
Regulatory liabilities 2,526 2,906
Asset retirement obligations 119 69
Deferred income tax liabilities 3,779 3,510
Postretirement benefits 3,675 2,969
Environmental remediation costs 1,386 1,305
Derivative contracts 57 29
Other deferred liabilities 1,165 1,630
Deferred liabilities related to assets held for sale 200 197
T ot al deferred credits and ot her liabilities 12,907 12,615
Capitalization:
Common stock (par value $.10 per share) 5,587 10,952
Preferred stock (par value $.10 per share) 7,459 2,091
Preferred stock of NGUSA subsidiaries (par value $100 per share)
32 32
Preferred stock of NGUSA subsidiaries (par value $50 per share)
33
Retained earnings 2,647 2,383
Accumulated other comprehensive loss (923) (716)
Shareholder's equity 14,805 14,745
Non-controlling interest 910
T ot al shareholder's equity 14,814 14,755
Long-term debt 8,583 8,064
T ot al capitalizat ion 23,397 22,819
Total liabilitie s and capitaliz ation 39,171$ 39,316$
March 31,
LIABILITIES AND CAPITALIZATIO N
The accompanying notes are an integral part of these consolidated financial statements.