National Grid 2014 Annual Report Download - page 189

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Strategic Report Corporate Governance Financial Statements Additional Information
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 statement of net assets
Non-current assets 44,895 45,129 41,684 39,787 38,488
Current assets 7,489 9,576 5,387 6,323 5,065
Assets of businesses held for sale ––264 290 –
Total assets 52,384 54,705 47, 3 3 5 46,400 43,553
Current liabilities (7,331) ( 7, 4 4 5 ) (6,004) (6,826) (6,559)
Non-current liabilities (33,134) ( 37,0 2 6 ) (32,001) (30,403) (32,800)
Liabilities of businesses held for sale ––(87) (110 ) –
Total liabilities (40,465) (44,471) (38,092) ( 3 7,3 3 9 ) (39,359)
Net assets 11,919 10,234 9,243 9,061 4,194
Shareholders’ equity 11,911 10,229 9,236 9,052 4,182
Summary cash flow statement
Cash generated from continuing operations 4,419 4,037 4,487 4,854 4,372
Tax (paid)/received (400) (287) (259) 4144
Net cash inflow from operating activities 4,019 3,750 4,228 4,858 4,516
Net cash flows used in investing activities (1,330) ( 6,13 0) (2,371) (4,774) (2,332)
Net cash flows from/(used in) financing activities (2,972) 2,715 (1,900) (430) (2,212)
Net increase/(decrease) in cash and cash equivalents (283) 335 (43) (346) (28)
1. For the year ended 31 March 2014, the adoption of IAS 19 (revised) ‘Employee benefits’ has resulted in a significant change in how we account for pensions and employee benefits. The
numbers included in the selected financial data above for the years 31 March 2010, 2011, 2012 and 2013 have been restated to show the impact of IAS 19 (revised) had it been adopted
since 2010. There have been no other significant changes in accounting standards, interpretations or policies that have a material financial impact on the selected financial data.
2. Items previously reported for 2010 separately as other operating income have been included within revenue.
3. Items previously reported for 2010 – 2013 have been restated to reflect the impact of the bonus element of the rights issue and the additional shares issued as scrip dividends.
4. Number of shares previously reported for 2010 – 2013 have been restated to reflect the impact of the additional shares issued as scrip dividends.
187