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Annual Report and Accounts 2009/10
  • Business Overview
  • Operating and Financial Review
  • Corporate Governance
  • Directors' Reports
  • Financial Statements
  • Shareholder Information
  • Statement of Directors' responsibilities
  • Independent Auditors' report to the Members of National Grid plc
  • Consolidated financial statements under IFRS
  • Notes to the consolidated financial statements - analysis of items in the primary statements
  • Notes to the consolidated financial statements - supplementary information
  • Company financial statements under UK GAAP

Notes to the consolidated financial statements - analysis of items in the primary statements

  • 1. Segmental analysis
  • 2. Operating costs
  • 3. Exceptional items, remeasurements and stranded cost recoveries
  • 4. Pensions and other post-retirement benefits
  • 5. Finance income and costs
  • 6. Taxation
  • 7. Discontinued operations
  • 8. Dividends
  • 9. Earnings per share
  • 10. Goodwill
  • 11. Other intangible assets
  • 12. Property, plant and equipment
  • 13. Other non-current assets
  • 14. Financial and other investments
  • 15. Investments in joint ventures and associates
  • 16. Deferred tax assets and liabilities
  • 17. Derivative financial instruments
  • 18. Inventories and current intangible assets
  • 19. Trade and other receivables
  • 20. Cash and cash equivalents
  • 21. Borrowings
  • 22. Trade and other payables
  • 23. Other non-current liabilities
  • 24. Provisions
  • 25. Share capital
  • 26. Other equity reserves
  • 27. Consolidated cash flow statement

15. Investments in joint ventures and associates

  2010
£m
2009
£m
Share of net assets at 1 April 168 71
Exchange adjustments (7) 19
Additions 86 73
Share of retained profit for the year 8 5
Dividends received (18) –
Share of other comprehensive income 9 –
Other movements 4 –
Share of net assets at 31 March 250 168

A list of principal joint ventures and associates is provided in note 36.

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  • Business Overview
    • Company highlights
    • Chairman's statement
    • Chief Executive's review
    • Shaping the future
    • Board of Directors
  • Operating and Financial Review
    • About National Grid
    • Operational environment
    • Delivering performance
    • Financial information
  • Corporate Governance
    • Chairman's foreword
    • Governance framework
    • The Board and its Committees
    • Shareholders
    • Corporate governance practices: differences from New York Stock Exchange (NYSE) listing standards
    • Risk management and internal control
    • Risk management
    • Compliance management
    • Risk factors
  • Directors' Reports
    • Directors' Report
    • Directors' Remuneration Report
  • Financial Statements
    • Independent Auditors' report to the Members of National Grid plc
    • Consolidated financial statements under IFRS
    • Notes to the consolidated financial statements - analysis of items in the primary statements
    • Notes to the consolidated financial statements - supplementary information
    • Company financial statements under UK GAAP
  • Shareholder Information
    • Definitions and glossary of terms
    • Summary consolidated financial information
    • Financial calendar
    • Useful information
    • Share price
    • Registered office
    • Cautionary statement
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