Vector Interim Report 2020 ― Group Condensed Interim Financial Statements
NOTES TO THE INTERIM FINANCIAL STATEMENTS
4. Segment information (continued)
REGULATED NETWORKS $M
INTER– SEGMENT $M
31 DEC 2018 6 MONTHS (UNAUDITED)
GAS TRADING $M
METERING $M
TOTAL $M
External revenue: Sales
354.3
152.9
92.3
– – –
599.5
Third party contributions
41.2
– – –
– –
41.2
Other
5.4 1.7
5.4
Intersegment revenue
0.8
(2.5) (2.5)
–
Segment revenue
402.6
152.9
93.1
646.1
External expenses: Electricity transmission expenses Gas purchases and production expenses Metering services cost of sales Network and asset maintenance
(105.0)
–
–
–
(105.0)
– –
(95.1)
–
– – – – –
(95.1) (11.0) (42.4) (20.1) (43.8)
–
(11.0)
(29.8)
(8.2) (6.8)
(4.4) (5.2) (4.4)
Employee benefit expenses
(8.1)
Other expenses
(19.8)
(19.6)
Intersegment expenses
–
(2.5)
–
2.5 2.5
–
Segment operating expenses
(162.7)
(132.2)
(25.0)
(317.4)
Segment EBITDA
239.9
20.7
68.1
– – – –
328.7
Depreciation and amortisation
(60.0)
(7.7)
(34.9)
(102.6)
Segment profit/(loss)
179.9 125.0
13.0
33.2 59.7
226.1 190.7
Segment capital expenditure
6.0
PROFIT/ (LOSS) BEFORE INCOME TAX $M
Reconciliation to revenue, profit/(loss) before income tax and capital expenditure reported in the financial statements: 31 DEC 2018 6 MONTHS (UNAUDITED)
CAPITAL EXPENDITURE $M
REVENUE $M
Reported in segment information
646.1
226.1
190.7
Amounts not allocated to segments: Revenue (including third party contributions)
42.5
42.5
– – – – – – – –
Employee benefit expenses Other operating expenses
– – – – – – – –
(25.8) (41.2)
Elimination of transactions with segments
1.7
Depreciation and amortisation
(17.3) (71.7)
Interest costs (net)
Fair value change on financial instruments Associates (share of net profit/(loss))
(0.2)
0.5
Capital expenditure
–
10.4
Reported in the financial statements
688.6
114.6
201.1
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