Vector Interim Report 2020

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

25 ―

Made with FlippingBook Publishing Software