NOTES TO THE INTERIM FINANCIAL STATEMENTS
4. Segment information (continued)
REGULATED NETWORKS $M
GAS TRADING $M
INTER– SEGMENT $M
31 DEC 2019 6 MONTHS (UNAUDITED)
METERING $M
TOTAL $M
External revenue: Sales
353.0
151.2
101.7
– – –
605.9
45.0
– – –
– –
45.0
Third party contributions
7.3 1.5
7.3
Other
0.7
(2.2) (2.2)
–
Intersegment revenue
Segment revenue
406.8
151.2
102.4
658.2
External expenses: Electricity transmission expenses Gas purchases and production expenses Metering services cost of sales Network and asset maintenance
(104.0)
–
–
–
(104.0)
– –
(92.1)
–
– – – – –
(92.1) (12.7) (47.3) (21.2) (49.8)
–
(12.7)
(35.0)
(7.3) (7.4)
(5.0) (4.3) (4.3)
(9.5)
Employee benefit expenses
(24.1)
(21.4)
Other expenses
–
(2.2)
–
2.2 2.2
–
Intersegment expenses
Segment operating expenses
(172.6)
(130.4)
(26.3)
(327.1)
Segment EBITDA
234.2
20.8
76.1
– – – –
331.1
(64.8)
(8.8)
(39.4)
(113.0)
Depreciation and amortisation
Segment profit/(loss)
169.4 156.0
12.0
36.7 65.0
218.1 224.0
Segment capital expenditure
3.0
Reconciliation to revenue, profit/(loss) before income tax and capital expenditure reported in the financial statements:
PROFIT/ (LOSS) BEFORE INCOME TAX $M
CAPITAL EXPENDITURE $M
31 DEC 2019 6 MONTHS
REVENUE $M
Reported in segment information
658.2
218.1
224.0
Amounts not allocated to segments: Revenue (including third party contributions)
41.4
41.4
– – – – – – – –
– – – – – – – –
(23.3) (41.5)
Employee benefit expenses Other operating expenses
1.9
Elimination of transactions with segments
(18.4) (64.0)
Depreciation and amortisation
Interest costs (net)
(0.5)
Fair value change on financial instruments Associates (share of net profit/(loss))
0.1
–
16.0
Capital expenditure
Reported in the financial statements
699.6
113.8
240.0
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