← NATIONAL GRID PLC

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
ASSETS
Inventories $403.0m $341.0m $370.0m $549.0m $439.0m $511.0m $876.0m $828.0m $557.0m $559.0m
Trade and other receivables $2.7b $2.8b $3.2b $3.0b $2.9b $3.7b $3.9b $3.4b $4.1b $3.9b
Cash and cash equivalents $1.1b $329.0m $252.0m $73.0m $157.0m $204.0m $163.0m $559.0m $1.2b $375.0m
Total current assets $13.6b $6.7b $7.9b $5.8b $9.9b $18.0b $9.2b $10.4b $14.3b $7.5b
Property, plant and equipment $39.8b $39.9b $43.9b $48.8b $47.0b $57.5b $64.4b $68.9b $74.1b $81.5b
Goodwill $6.1b $5.4b $5.9b $6.2b $4.6b $9.5b $9.8b $9.7b $9.5b $9.4b
Intangible Assets Other Than Goodwill — $899.0m $1.1b $1.3b $1.4b $3.3b $3.6b $3.4b $3.6b —
Other intangible assets $923.0m $899.0m $1.1b $1.3b $1.4b $3.3b $3.6b $3.4b $3.6b $3.9b
Additional Financial Items
Allowance Account For Credit Losses Of Financial Assets — — — — — $741.0m $560.0m — — —
Current Financial Assets At Fair Value Through Profit Or Loss — — $1.3b $1.3b $1.8b $2.3b $1.8b $3.1b $5.2b —
Current Tax Assets Current $317.0m $114.0m $126.0m $102.0m $67.0m $106.0m $43.0m $11.0m $11.0m $16.0m
Current Tax Liabilities Current — $123.0m $161.0m $86.0m $75.0m $32.0m $236.0m $220.0m $219.0m —
Decrease Increase Through Tax On Share-Based Payment Transactions — ($2.0m) — ($3.0m) $2.0m ($7.0m) — ($2.0m) $1.0m —
Deferred Tax Assets — $390.0m $423.0m $547.0m $455.0m $428.0m $47.0m — — —
Issued Capital — $452.0m $458.0m $470.0m $474.0m $485.0m $488.0m $493.0m $638.0m —
Trade And Other Current Payables — $3.5b $3.8b $3.6b $3.5b $4.9b $5.1b $4.1b $4.5b —
Trade And Other Current Receivables — $2.8b $3.2b $3.0b $2.9b $3.7b $3.9b $3.4b $4.1b —
Unused Tax Losses For Which No Deferred Tax Asset Recognised — $518.0m — — — — — — — —
Other non-current assets $69.0m $115.0m $264.0m $354.0m $293.0m $303.0m $567.0m $848.0m $959.0m $1.4b
Financial and other investments $8.7b $2.7b $2.0b $2.0b $2.3b $3.1b $2.6b $3.7b $5.8b $2.5b
Investments in joint ventures and associates $2.1b $2.2b $608.0m $995.0m $867.0m $1.2b $1.3b $1.4b $608.0m $624.0m
Derivative financial assets $246.0m $405.0m $108.0m $93.0m $457.0m $282.0m $153.0m $44.0m $113.0m $215.0m
Assets held for sale — $0 $2.0b $0 $3.6b $10.0b $1.4b $1.8b $2.6b $0
Borrowings ($23.1b) ($22.2b) ($24.3b) ($26.7b) ($27.5b) ($33.3b) ($40.0b) ($42.2b) ($42.9b) ($42.9b)
Derivative financial liabilities ($1.2b) ($660.0m) ($833.0m) ($954.0m) ($754.0m) ($869.0m) ($1.1b) ($909.0m) ($821.0m) ($750.0m)
Trade and other payables ($3.3b) ($3.5b) ($3.8b) ($3.6b) ($3.5b) ($4.9b) ($5.1b) ($4.1b) ($4.5b) ($5.0b)
Contract liabilities — $0 ($933.0m) ($1.1b) ($1.1b) ($1.3b) ($1.8b) ($2.1b) ($2.4b) ($2.7b)
Current tax liabilities ($107.0m) ($123.0m) ($161.0m) ($86.0m) ($75.0m) ($32.0m) ($236.0m) ($220.0m) ($219.0m) ($45.0m)
Provisions ($2.2b) ($1.8b) ($1.9b) ($2.3b) ($2.0b) ($2.3b) ($2.4b) ($2.8b) ($2.7b) ($2.3b)
Liabilities held for sale — — $0 $0 ($1.6b) ($7.2b) ($109.0m) ($1.5b) ($434.0m) $0
Other non-current liabilities ($1.4b) ($1.3b) ($808.0m) ($891.0m) ($843.0m) ($805.0m) ($921.0m) ($880.0m) ($876.0m) ($1.1b)
Net assets $20.4b $18.8b $19.4b $19.6b $19.9b $23.9b $29.6b $29.9b $37.8b $39.3b
Share capital $449.0m $452.0m $458.0m $470.0m $474.0m $485.0m $488.0m $493.0m $638.0m $647.0m
Share premium account $1.3b $1.3b $1.3b $1.3b $1.3b $1.3b $1.3b $1.3b $1.3b $1.3b
Other equity reserves ($4.0b) ($4.5b) ($4.2b) ($3.9b) ($5.1b) ($4.6b) ($3.9b) ($4.0b) ($4.2b) ($4.5b)
Total non-current assets $52.3b $52.1b $55.0b $61.3b $57.3b $76.9b $83.5b $87.9b $92.4b $100.8b
Total non-current liabilities ($34.9b) ($31.2b) ($34.5b) ($38.9b) ($38.0b) ($46.2b) ($54.0b) ($57.0b) ($58.3b) ($59.2b)
Total shareholders’ equity $20.4b $18.8b $19.3b $19.6b $19.8b $23.8b $29.5b $29.9b $37.8b $39.3b
Total equity $20.4b $18.8b $19.4b $19.6b $19.9b $23.9b $29.6b $29.9b $37.8b $39.3b
Total Assets $65.8b $58.8b $63.0b $67.1b $67.2b $94.9b $92.7b $98.3b $106.7b $108.3b
LIABILITIES AND EQUITY
Total current liabilities ($10.5b) ($8.7b) ($9.1b) ($8.6b) ($9.4b) ($24.8b) ($9.1b) ($11.4b) ($10.6b) ($9.8b)
Deferred Tax Liabilities ($4.5b) $3.6b $4.0b $4.2b $4.8b $6.8b $7.2b $7.5b $8.0b ($9.0b)
Deferred Tax Liability Asset — $3.6b $4.0b $4.2b $4.8b $6.8b $7.2b $7.5b $8.0b —
Increase Decrease Through Business Combinations Deferred Tax Liability Asset — — — — — $789.0m — — — —
Pensions and other post-retirement benefit assets $603.0m $1.4b $1.6b $1.8b $1.7b $3.9b $2.6b $2.4b $2.5b $2.5b
Pensions and other post-retirement benefit obligations ($2.5b) ($1.7b) ($1.8b) ($2.8b) ($1.0b) ($810.0m) ($694.0m) ($593.0m) ($573.0m) ($360.0m)
Increase Decrease Through Net Exchange Differences Deferred Tax Liability Asset — ($268.0m) $165.0m $122.0m ($268.0m) $163.0m $255.0m ($110.0m) ($95.0m) —
Total Liabilities ($45.5b) $39.9b $43.6b $47.5b $47.4b $71.0b $63.1b $68.4b $68.9b ($69.0b)
Retained earnings $22.6b $21.6b $21.8b $21.7b $23.2b $26.6b $31.6b $32.1b $40.1b $41.9b
Noncontrolling Interests $16.0m $16.0m $20.0m $22.0m $21.0m $23.0m $24.0m $25.0m $23.0m $31.0m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.