National Grid 2016 Annual Report Download - page 166

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34. Additional disclosures in respect of guaranteed securities continued
Summary statements of comprehensive income for the year ended 31 March 2014 – 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 4 2,185 – 3,141 9,653 (174) 14,809
Operating costs:
Depreciation and amortisation – (127) – (529) (760) – (1,416)
Payroll costs – (278) – (251) (689) – (1,218)
Purchases of electricity – (647) – – (817) – (1,464)
Purchases of gas – (194) – (112) (1,449) – (1,755)
Rates and property tax – (137) – (241) (585) – (963)
Balancing Service Incentive Scheme – – – – (872) – (872)
Payments to other UK network owners – – – – (630) – (630)
Other operating costs 15 (440) – (661) (1,844) 174 (2,756)
15 (1,823) – (1,794) ( 7, 6 46) 174 (11,074)
Total operating profit 19 362 – 1,347 2,007 – 3,735
Net finance costs (128) (85) – (285) (517) – (1,015)
Dividends receivable – – – – 600 (600) –
Interest in equity accounted affiliates 2,550 – – 11 28 (2,561) 28
Profit before tax 2,441 277 – 1,073 2,118 (3,161) 2,74 8
Tax 35 (97) – 3 (225) – (284)
Profit for the year 2,476 180 –1 1,076 1,893 (3,161) 2,464
Amounts recognised in other comprehensive income2 235 (8) – 9 383 (384) 235
Total comprehensive income for the year 2,711 172 – 1,085 2,276 (3,545) 2,699
Attributable to:
Equity shareholders 2,711 172 – 1,085 2,288 (3,545) 2,711
Non-controlling interests – – – – (12) – (12)
2,711 172 – 1,085 2,276 (3,545) 2,699
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.
164 National Grid Annual Report and Accounts 2015/16 Financial Statements
Notes to the consolidated financial statements
– supplementary information continued