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Annual Report
and Accounts
2008/09

• Introduction
• At a glance
• About National Grid
• Performance summary:
  Key performance indicators
• Performance summary: Achievements and other performance measures
• Performance against our objectives
• Risks and opportunities
• Financial performance
• Transmission
• Gas Distribution
• Electricity Distribution
  & Generation
• Non-regulated businesses and other
• Discontinued operations
• Financial position and financial management
  • Going concern
  • Financial position
  • Commodity contracts
  • Commitments and contingencies
    • Contractual obligations at 31 March 2009
    • Off balance sheet arrangements
    • Details of material litigation as at 31 March 2009
  • Related party transactions
  • Retirement arrangements
• Accounting policies

Off balance sheet arrangements

There were no significant off balance sheet arrangements other than the contractual obligations and commitments and contingencies described above.