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Financial summary (unaudited)
The financial summary set out below has been derived from the audited consolidated financial statements of National Grid for the five
financial years ended 31 March 2014. It should be read in conjunction with the consolidated financial statements and related notes,
together with the Strategic Review. The information presented below for the years ended 31 March 2010, 2011, 2012, 2013 and 2014
hasbeen prepared under IFRS issued by the IASB and as adopted by the EU1.
31 March
2014
£m
31 March
2013
(restated)1
£m
31 March
2012
(restated)1
£m
31 March
2011
(restated)1
£m
31 March
2010
(restated)1
£m
Summary income statement
Revenue 214,809 14,359 13,832 14,343 14,007
Operating profit
Before exceptional items, remeasurements and stranded cost recoveries 3,664 3,639 3,491 3,619 3,134
Exceptional items, remeasurements and stranded cost recoveries 71 110 44 145 172
3,735 3,749 3,535 3,764 3,306
Profit before tax
Before exceptional items, remeasurements and stranded cost recoveries 2,584 2,533 2,408 2,283 1,999
Exceptional items, remeasurements and stranded cost recoveries 164 178 (26) 151 219
2,748 2,711 2,382 2,434 2,218
Profit for the year 2,464 2,154 1,919 2,043 1,418
Profit for the year attributable to equity shareholders
Before exceptional items, remeasurements and stranded cost recoveries 2,015 1,913 1,709 1,627 1,447
Exceptional items, remeasurements and stranded cost recoveries 461 240 208 412 (32)
2,476 2,153 1,917 2,039 1,415
Earnings per share
Basic – continuing operations (pence)366.4 57. 8 51.6 56.9 46.1
Diluted – continuing operations (pence)366.1 5 7.5 51.3 56.6 45.9
Basic (pence)366.4 57.8 51.6 56.9 46.1
Diluted (pence)366.1 57. 5 51.3 56.6 45.9
Number of shares – basic (millions)43,729 3,724 3,719 3,585 3,071
Number of shares – diluted (millions)43,748 3,742 3,738 3,604 3,084
Dividends per ordinary share
Paid during the year (pence) 40.85 39.84 37.40 37.74 36.65
Approved or proposed during the year (pence) 42.03 40.85 39.28 36.37 38.49
Paid during the year ($) 0.636 0.633 0.599 0.592 0.579
Approved or proposed during the year ($) 0.696 0.632 0.623 0.571 0.608
Summary consolidated
financial information
186 National Grid Annual Report and Accounts 2013/14