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34. Additional disclosures in respect of guaranteed securities continued
Cash flow statements
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
Year ended 31 March 2016
Net cash flow from operating activities 57 580 –1,74 3 2,988 –5,368
Net cash flow from/(used in) investing activities 502 (440) 13 (506) (1,736) (1,869) (4,036)
Net cash flow (used in)/from financing activities (555) (148) (13) (1,248) (1,233) 1,869 (1,328)
Net increase/(decrease) in cash and cash equivalents in the year 4(8) –(11) 19 – 4
Year ended 31 March 2015
Net cash flow from operating activities 38 531 –1,575 2,863 –5,007
Net cash flow from/(used in) investing activities 2,103 (393) –(603) (1,051) (2,057) (2,001)
Net cash flow (used in)/from financing activities (2,16 9) (145) –(959) (2,037) 2,057 (3,253)
Net (decrease)/increase in cash and cash equivalents in the year (28) (7) –13 (225) –(247)
Year ended 31 March 2014
Net cash flow from operating activities 52 581 –1,717 1,669 –4,019
Net cash flow from/(used in) investing activities 1,358 (555) –(91) (993) (1,049) (1,330)
Net cash flow (used in)/from financing activities (1,724) (18) –(1,632) (647) 1,049 (2,972)
Net (decrease)/increase in cash and cash equivalents in the year (314) 8 – (6) 29 –(283)
Cash dividends were received by National Grid plc from subsidiary undertakings amounting to £930m during the year ended 31 March 2016
(2015: £1,355m; 2014: £1,050m).
Maturity analysis of parent Company borrowings
2016
£m
2015
£m
Total borrowings are repayable as follows:
Less than 1 year 933 1,068
In 1 to 2 years ––
In 2 to 3 years 482 –
In 3 to 4 years 395 443
In 4 to 5 years –360
More than 5 years 317 314
2,127 2,185
Financial Statements
167National Grid Annual Report and Accounts 2015/16 Financial Statements