Vector Annual Report 2023

4. Segment information continued

REGULATED NETWORKS $M

INTER- SEGMENT $M

30 JUN 2023 12 MONTHS (audited) External revenue: Sales

GAS TRADING $M

TOTAL $M

685.4 187.3

228.4

– – –

913.8 187.3

– – –

Third party contributions

27.7

Other

2.5

(2.5) (2.5)

–

Intersegment revenue

Segment revenue

902.9

228.4

1,128.8

External expenses: Electricity transmission expenses

(184.2)

–

– – – – –

(184.2) (137.1)

–

(137.1)

Gas purchases and production expenses

(75.2) (18.4) (66.2)

(6.5)

(81.7) (29.7)

Network and asset maintenance

(11.3) (44.1)

Employee benefit expenses

(110.3)

Other expenses

–

(2.5)

2.5 2.5

–

Intersegment expenses

Segment operating expenses

(344.0)

(201.5)

(543.0)

Segment EBITDA

558.9

26.9

– – – –

585.8

(157.7)

(11.1)

(168.8)

Depreciation and amortisation

–

Impairment

Segment profit/(loss)

401.2

15.8

417.0

Segment capital expenditure

422.6

9.5

–

432.1

PROFIT/(LOSS) BEFORE INCOME TAX $M

Reconciliation to revenue, profit/(loss) before income tax and capital expenditure reported in the financial statements: 2023

CAPITAL EXPENDITURE $M

REVENUE $M

Reported in segment information

1,128.8

417.0

432.1

(2.6)

–

Elimination of transactions with discontinued operations Amounts not allocated to segments (corporate activities): Revenue

65.1

– – – – – – – – –

1.0

Third party contributions Employee benefit expenses Other operating expenses

– – – – – – – –

(62.5) (78.1)

12.1

Elimination of transactions with segments

(36.0)

Depreciation and amortisation

(145.7)

Interest costs (net)

–

Gain on sale of investment in associate Fair value change on financial instruments

(13.2)

–

80.6

Capital expenditure

Reported in the financial statements

1,192.3

159.7

512.7

Vector Annual Report 2023

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