NOTES TO THE INTERIM FINANCIAL STATEMENTS
4. SEGMENT INFORMATION (continued)
INTER- SEGMENT $M
REGULATED NETWORKS $M
TOTAL $M
GAS TRADING $M
TECHNOLOGY $M
31 DEC 2016 6 MONTHS
External revenue: Sales
350.4
150.2
91.5
– –
592.1
Third party contributions
30.8
– –
0.5 6.4
31.3
Intersegment revenue
3.4
(9.8) (9.8)
–
Segment revenue
384.6
150.2
98.4
623.4
External expenses: Electricity transmission expenses
(106.8)
–
– –
– – – – – –
(106.8)
Gas purchases and production expenses
– –
(94.5)
(94.5) (12.7) (39.7) (26.4) (32.1)
Technology cost of sales Asset maintenance expenses Employee benefit expenses
–
(12.7)
(22.2)
(10.0)
(7.5)
(7.7)
(7.4)
(11.3)
Other expenses
(15.9)
(11.1)
(5.1) (0.8)
Intersegment expenses
(5.5)
(3.5)
9.8
–
Segment operating expenses
(158.1)
(126.5)
(37.4)
9.8 (312.2)
Segment EBITDA
226.5
23.7
61.0
– – –
311.2
Depreciation and amortisation
(50.3)
(8.1)
(32.9)
(91.3)
Segment profit/(loss)
176.2
15.6
28.1
219.9
Segment capital expenditure
102.2
12.0
49.8
–
164.0
During the period, the Technology segment procured and sold $0.7 million of battery assets to Regulated Networks at zero margin. The battery assets are included in the segment capital expenditure for Regulated Networks. The impact of the sale transaction is not reflected in the segment information presented for Technology.
Reconciliation to revenue, profit/(loss) before income tax and capital expenditure reported in the financial statements: 31 DEC 2016
PROFIT/ (LOSS) BEFORE INCOME TAX $M
CAPITAL EXPENDITURE $M
REVENUE $M
Reported in segment information
623.4
219.9
164.0
Amounts not allocated to segments (corporate activities): Revenue
2.2
2.2
– – – – – –
Employee benefit expenses Other operating expenses Depreciation and amortisation
– – – – – –
(13.2) (11.9)
(5.9)
Interest costs (net)
(68.6)
Associates (share of net profit/(loss))
1.1
Capital expenditure
–
8.9
Reported in the financial statements
625.6
123.6
172.9
35
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