VECTOR ANNUAL REPORT 2021 /
Notes to the Financial Statements
4. Segment information continued
REGULATED NETWORKS $M
GAS TRADING $M
INTER– SEGMENT $M
METERING $M
TOTAL $M
2021
External revenue: Sales
625.2 121.1
209.0
225.7
– – –
1,059.9
– – –
– –
121.1
Third party contributions
18.8
18.8
Other
2.4
1.3
(3.7) (3.7)
–
Intersegment revenue
Segment revenue
767.5
209.0
227.0
1,199.8
External expenses: Electricity transmission expenses
(179.7)
–
– –
– – – – – –
(179.7) (128.9)
– –
(128.9)
Gas purchases and production expenses
–
(26.4)
(26.4) (84.2) (38.3) (71.5)
Metering services cost of sales Network and asset maintenance
(68.7) (16.0) (31.3)
(6.3)
(9.2)
(11.4) (31.3)
(10.9)
Employee benef it expenses
(8.9)
Other expenses
–
(3.7)
–
3.7 3.7
–
Intersegment expenses
Segment operating expenses
(295.7)
(181.6)
(55.4)
(529.0)
Segment EBITDA
471.8
27.4
171.6
– – –
670.8
(134.5)
(12.0)
(89.9)
(236.4)
Depreciation and amortisation
Segment profit/(loss)
337.3
15.4
81.7
434.4
Segment capital expenditure
314.7
11.2
165.3
–
491.2
PROFIT/(LOSS) BEFORE INCOME TAX $M
Reconciliation to revenue, profit/(loss) before income tax and capital expenditure reported in the financial statements: 2021
CAPITAL EXPENDITURE $M
REVENUE $M
Reported in segment information
1,199.8
434.4
491.2
Amounts not allocated to segments (corporate activities): Revenue
78.1
78.1
– – – – – – – – –
1.4
1.4
Third party contributions Employee benef it expenses Other operating expenses
– – – – – – – –
(56.5) (70.8)
13.0
Elimination of transactions with segments
(33.7)
Depreciation and amortisation
(108.6)
Interest costs (net)
(3.5)
Fair value change on f inancial instruments
1.8
Associates (share of net prof it/(loss))
–
38.3
Capital expenditure
Reported in the financial statements
1,279.3
255.6
529.5
56
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