National Grid 2011 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2011 National Grid annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 82

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82

36 National Grid Gas plc Annual Report and Accounts 2010/11
Consolidated balance sheet
at 31 March
2011 2010
Notes
£m £m
Non-current assets
Intangible assets
9
192 131
Property, plant and equipment
10
11,282 10,808
Other non-current assets
11
5,611 5,611
Derivative financial assets
12
535 565
Total non-current assets 17,620 17,115
Current assets
Inventories and other intangible assets
13
40 43
Trade and other receivables
14
231 288
Financial investments
15
242 326
Derivative financial assets
12
80 72
Cash and cash equivalents
16
83 1
Total current assets 676 730
Total assets 18,296 17,845
Current liabilities
Borrowing
s
17
(784) (449)
Derivative financial liabilities
12
(22) (30)
Trade and other payables
18
(747) (806)
Current tax liabilities (23) (19)
Provisions
21
(79) (62)
Total current liabilities (1,655) (1,366)
Non-current liabilities
Borrowing
s
17
(7,118) (7,223)
Derivative financial liabilities
12
(86) (121)
Other non-current liabilities
19
(1,101) (1,104)
Deferred tax liabilities
20
(1,873) (1,890)
Provisions
21
(121) (110)
Total non-current liabilities (10,299) (10,448)
Total liabilities (11,954) (11,814)
Net assets 6,342 6,031
Equit
y
Called up share capital
22
45 45
Share premium account 204 204
Retained earnings 4,795 4,492
Cash flow hedge reserve (36) (44)
Other reserves 1,332 1,332
Shareholder's equit
y
6,340 6,029
Non-controlling interests 22
Total equit
y
6,342 6,031
Paul Whittaker Director
Adam Wiltshire Director
These financial statements, comprising the consolidated income statement, consolidated statement of comprehensive income, consolidated
balance sheet, consolidated statement of changes in equity, consolidated cash flow statement, accounting policies, adoption of new
accounting standards and the notes to the consolidated financial statements 1 to 31, were approved by the Board of Directors on 20 July
2011 and were signed on its behalf by: