National Grid 2016 Annual Report Download - page 168

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34. Additional disclosures in respect of guaranteed securities continued
Statements of financial position as at 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
Non-current assets
Goodwill –653 – – 4,492 –5,145
Other intangible assets – – – 232 570 –802
Property, plant and equipment –5,025 –12,428 23,270 –40,723
Other non-current assets –11 –18 51 –80
Amounts owed by subsidiary undertakings 341 –202 5,609 3,017 (9,169) –
Pension assets –121 – – – – 121
Financial and other investments 14,988 26 –56 9,905 (24,327) 648
Derivative financial assets 148 – – 988 403 –1,539
Total non-current assets 15,477 5,836 202 19,331 41,708 (33,496) 49,058
Current assets
Inventories and current intangible assets –40 –26 274 –340
Trade and other receivables 2502 –417 1,915 –2,836
Amounts owed by subsidiary undertakings 11,484 254 5298 13,052 (25,093) –
Financial and other investments 740 9 – 363 1,447 –2,559
Derivative financial assets 281 – – 70 88 (262) 177
Cash and cash equivalents 10 11 – 4 104 (10) 119
Total current assets 12,517 816 51,178 16,880 (25,365) 6,031
Total assets 27,9 94 6,652 207 20,509 58,588 (58,861) 55,089
Current liabilities
Borrowings (1,068) (44) (5) (521) (1,400) 10 (3,028)
Derivative financial liabilities (289) – – (133) (475) 262 (635)
Trade and other payables (39) (267) –(877) (2,10 9) –(3,292)
Amounts owed to subsidiary undertakings (11, 208) – – (1,973) (11,912) 25,093 –
Current tax liabilities (3) (61) –(34) (86) –(184)
Provisions –––(39) (196) –(235)
Total current liabilities (12,607) (372) (5) (3,577) (16,178) 25,365 ( 7, 3 74)
Non-current liabilities
Borrowings (1,117) (2,021) (202) (6,056) (13,486) –(22,882)
Derivative financial liabilities (411) – – (481) (872) –(1,764)
Other non-current liabilities –(287) –(1,038) (594) –(1,919)
Amounts owed to subsidiary undertakings (1,894) – – (1,123) (6,152) 9,16 9 –
Deferred tax liabilities (3) (782) –(1,655) (1,857) –(4,297)
Pensions and other post-retirement benefit obligations –(801) – – (2,578) –(3,379)
Provisions –(267) –(168) (1,065) –(1,500)
Total non-current liabilities (3,425) (4,15 8) (202) (10,521) (26,604) 9,169 (3 5,741)
Total liabilities (16,032) (4,530) (207) (14,098) (42,782) 34,534 (43,115)
Net assets 11,962 2,122 –6,411 15,806 (24,327) 11,974
Equity
Share capital 443 126 –45 182 (353) 443
Share premium account 1,331 2,039 –204 8,033 (10,276) 1,331
Retained earnings 14,870 (43) –4,885 7,761 (12,603) 14,870
Other equity reserves (4,682) – – 1,277 (182) (1,095) (4,682)
Shareholders’ equity 11,962 2 ,122 –6,411 15,794 (24,327) 11,962
Non-controlling interests – – – – 12 –12
Total equity 11,962 2,122 –6,411 15,806 (24,327) 11,974
166 National Grid Annual Report and Accounts 2015/16 Financial Statements
Notes to the consolidated financial statements
– supplementary information continued