National Grid 2015 Annual Report Download - page 157

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34. Additional disclosures in respect of guaranteed securities continued
Summary statements of comprehensive income for the year ended 31 March 2013 – IFRS
Parent
guarantor Issuer of notes
Subsidiary
guarantor
National
Grid plc
£m
Niagara
Mohawk
Power
Corporation
£m
British
Transco
Finance Inc.
£m
National
Grid Gas
plc
£m
Other
subsidiaries1
£m
Consolidation
adjustments
£m
National
Grid
consolidated1
£m
Revenue –2,129 –3,062 9,345 (177) 14,359
Operating costs:
Depreciation and amortisation –(119) –(511) (731) –(1,361)
Payroll costs –(276) –(238) (946) –(1,460)
Purchases of electricity –(561) – – (579) –(1,140)
Purchases of gas –(151) –(128) (1,036) –(1,315)
Rates and property tax –(141) –(235) (593) –(969)
Balancing Service Incentive Scheme ––––(805) –(805)
Payments to other UK network owners ––––(487) –(487)
Other operating costs –(357) –(579) (2,314) 177 (3,073)
–(1,605) –(1,691) ( 7, 4 91) 177 (10,610)
Total operating profit –524 –1,371 1,854 –3,749
Net finance costs (181) (88) –(274) (513) –(1,056)
Dividends receivable ––––1,900 (1,900) –
Interest in equity accounted affiliates 2,295 – – 8 18 (2,303) 18
Profit before tax 2,114 436 –1,10 5 3,259 (4,203) 2,711
Tax 39 (168) –(174) (254) –(557)
Profit for the year 2,153 268 –2931 3,005 (4,203) 2,154
Amounts recognised in other comprehensive income3(381) (35) – 3 (353) 385 (381)
Total comprehensive income for the year 1,772 233 –934 2,652 (3,818) 1,773
Attributable to:
Equity shareholders 1,772 233 –934 2,651 (3,818) 1,772
Non-controlling interests – – – – 1 – 1
1,772 233 –934 2,652 (3,818) 1,773
1. Comparatives have been represented on a basis consistent with the current year presentation.
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.
Financial Statements
NATIONAL GRID ANNUAL REPORT AND ACCOUNTS 2014/15 155