National Grid 2016 Annual Report Download - page 165

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34. Additional disclosures in respect of guaranteed securities continued
Summary statements of comprehensive income for the year ended 31 March 2015 – 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
subsidiaries
£m
Consolidation
adjustments
£m
National
Grid
consolidated
£m
Revenue – 2,109 – 3,136 10,125 (169) 15,201
Operating costs:
Depreciation and amortisation – (146) – (540) (796) – (1,482)
Payroll costs – (256) – (253) (950) – (1,459)
Purchases of electricity – (604) – – (1,081) – (1,685)
Purchases of gas – (147) – (98) (1,171) – (1,416)
Rates and property tax – (146) – (247) (611) – (1,004)
Balancing Service Incentive Scheme – – – – (874) – (874)
Payments to other UK network owners – – – – (801) – (801)
Other operating costs – (501) – (655) (1,713) 169 (2,700)
– (1,800) – (1,793) ( 7,9 97 ) 169 (11,421)
Total operating profit – 309 – 1,343 2,128 – 3,780
Net finance costs (223) (76) – (352) (547) – (1,198)
Dividends receivable – – – – 700 (700) –
Interest in equity accounted affiliates 2,192 – – 8 46 (2,200) 46
Profit before tax 1,969 233 – 999 2,327 (2,900) 2,628
Tax 50 (98) – (230) (339) – (617)
Profit for the year 2,019 135 –1 769 1,988 (2,900) 2,011
Amounts recognised in other comprehensive income2(395) 1 – 22 (588) 566 (394)
Total comprehensive income for the year 1,624 136 – 791 1,400 (2,334) 1,617
Attributable to:
Equity shareholders 1,624 136 – 791 1,407 (2,334) 1,624
Non-controlling interests – – – – (7) – (7)
1,624 136 – 791 1,400 (2,334) 1,617
1. 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.
2. Includes other comprehensive income relating to interest in equity accounted affiliates.
Financial Statements
163National Grid Annual Report and Accounts 2015/16 Financial Statements