National Grid 2011 Annual Report Download - page 39

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National Grid Gas plc Annual Report and Accounts 2010/11 37
Consolidated statement of changes in equity
Called up Share Cash flow Total Non-
share premium Retained hedge Other shareholders' controlling Total
capital account earnings reserve reserves equity interests equity
£m £m £m £m £m £m £m £m
A
s at 1 April 2009 45 204 4,184 4 1,332 5,769 1 5,770
Total comprehensive income/(loss) for the year - - 600 (48) - 552 1 553
Equity dividends - - (300) - - (300) - (300)
Share-based payments - - 8 - - 8 - 8
A
s at 31 March 2010 45 204 4,492 (44) 1,332 6,029 2 6,031
Total comprehensive income for the year - - 694 8 - 702 1 703
Equity dividends - - (400) - - (400) - (400)
Other movements in non-controlling interests - - ----(1)(1)
Share-based payments - - 9 - - 9 - 9
At 31 March 2011 45 204 4,795 (36) 1,332 6,340 2 6,342
The Company is prohibited from declaring a dividend or other distribution unless it has certified that it is in compliance in all material respects
with certain regulatory obligations, including a requirement to ensure it has sufficient financial resources and facilities to enable it to carry on
its business and a requirement to use all reasonable endeavours to maintain an investment grade credit rating.
Gains and losses recognised in the cash flow hedge reserve as of 31 March 2011 will be continuously transferred to the income statement
until the borrowings are repaid (note 17).
The amount of the cash flow hedge reserve due to be released from reserves to the income statement within the next year is £5m, with the
remaining amount due to be released with the same maturity profile as borrowings in note 17.