National Grid 2014 Annual Report Download - page 153

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Strategic Report Corporate Governance Financial Statements Additional Information
34. Additional disclosures in respect of guaranteed securities continued
Summary statements of comprehensive income for the year ended 31 March 2012 – IFRS
Parent
guarantor Issuer of notes
Subsidiary
guarantor
National
Grid plc
(restated)1
£m
Niagara
Mohawk
Power
Corporation
(restated)1
£m
British
Transco
Finance Inc.
(restated)1
£m
National
Grid Gas
plc
(restated)1
£m
Other
subsidiaries
(restated)1
£m
Consolidation
adjustments
(restated)1
£m
National
Grid
consolidated
(restated)1
£m
Revenue –2,269 –2,909 8,828 (174) 13,832
Operating costs
Depreciation and amortisation –(115) –(491) (666) –(1,272)
Payroll costs –(267) –(228) (968) –(1,463)
Purchases of electricity –(530) – – (915) –(1,445)
Purchases of gas –(169) –(133) (1,221) –(1,523)
Rates and property tax –(137) –(236) (582) –(955)
Balancing Service Incentive Scheme – – – – (818) –(818)
Payments to other UK network owners – – – – (407) –(407)
Other operating costs 1(502) –(492) (1,595) 174 (2,414)
1(1,720) –(1,580) ( 7,172 ) 174 (10,297)
Operating profit 1549 –1,329 1,656 – 3,535
Net finance costs (133) (97) –(400) (530) –(1,160)
Dividends receivable ––––350 (350) –
Interest in equity accounted affiliates 2,022 – – 5 7 (2,027) 7
Profit before tax 1,890 452 –934 1,483 (2,377) 2,382
Taxation 27 (187) –(102) (201) –(463)
Profit for the year 1,917 265 –2832 1,282 (2,377) 1,919
Amounts recognised in other comprehensive income3(763) (33) – 9 (773) 797 (763)
Total comprehensive income for the year 1,154 232 –841 509 (1,580) 1,156
Attributable to:
Equity shareholders 1,15 4 232 –841 507 (1,580) 1,154
Non-controlling interests – – – – 2 – 2
1,154 232 –841 509 (1,580) 1,156
1. See note 1 on page 92.
2. Profit for the year for British Transco Finance Inc. is £nil as interest payable to external bond holders is offset by interest receivable on loans to National Grid Gas plc.
3. Includes other comprehensive income relating to interest in equity accounted affiliates.
151