Vector Annual Report 2021

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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