Vector Annual Report 2023

Notes to the financial statements

4. Segment information continued

REGULATED NETWORKS $M

INTER- SEGMENT $M

30 JUN 2022 12 MONTHS (audited) External revenue: Sales

GAS TRADING $M

TOTAL $M

652.4 150.3

201.9

– – –

854.3 150.3

Third party contributions

– – –

Other

26.5

26.5

Intersegment revenue

2.3

(2.3) (2.3)

Segment revenue

831.5

201.9

1,031.1

External expenses: Electricity transmission expenses

(181.4)

– – – – –

(181.4) (123.2)

Gas purchases and production expenses

(123.2)

Network and asset maintenance

(69.1) (14.8) (60.1)

(6.1)

(75.2) (26.3) (97.0)

Employee benefit expenses

(11.5) (36.9)

Other expenses

Intersegment expenses

(2.3)

2.3 2.3

Segment operating expenses

(325.4)

(180.0)

(503.1)

Segment EBITDA

506.1

21.9

– – – –

528.0

Depreciation and amortisation

(148.5)

(11.4) (40.2) (29.7)

(159.9)

Impairment

(40.2)

Segment profit/(loss)

357.6

327.9

Segment capital expenditure

331.9

7.9

339.8

PROFIT/(LOSS) BEFORE INCOME TAX $M

Reconciliation to revenue, profit/(loss) before income tax and capital expenditure reported in the financial statements: 2022

CAPITAL EXPENDITURE $M

REVENUE $M

Reported in segment information

1,031.1

327.9

339.8

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

(2.1)

72.9

72.9

– – – – – – – – –

Third party contributions Employee benefit expenses Other operating expenses

1.5

1.5

– – – – – – – –

(57.9) (68.6)

Elimination of transactions with segments

12.2

Depreciation and amortisation

(34.3)

Interest costs (net)

(104.7)

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

7.1 3.6

Capital expenditure

49.4

Reported in the financial statements

1,103.4

159.7

389.2

67

Made with FlippingBook flipbook maker