Creating a new energy future – a bold vision
4. Segment information continued
REGULATED NETWORKS $M
GAS TRADING $M
INTER– SEGMENT $M
METERING $M
TOTAL $M
2020
External revenue: Sales
656.9
256.4
203.9
– – –
1,117.2
Third party contributions
85.7 15.6
– – –
– –
85.7 15.6
Other
Intersegment revenue
2.7
1.3
(4.0) (4.0)
–
Segment revenue
760.9
256.4
205.2
1,218.5
External expenses: Electricity transmission expenses
(200.8)
–
– –
– – – – – –
(200.8) (153.2)
Gas purchases and production expenses
– –
(153.2)
Metering services cost of sales Network and asset maintenance
–
(25.2)
(25.2) (91.3) (40.1) (95.9)
(68.4) (18.9) (49.5)
(13.8) (13.8) (37.7)
(9.1) (7.4) (8.7)
Employee benef it expenses
Other expenses
Intersegment expenses
–
(4.0)
–
4.0 4.0
–
Segment operating expenses
(337.6)
(222.5)
(50.4)
(606.5)
Segment EBITDA
423.3
33.9
154.8
– – – –
612.0
Gain from sale of Kapuni gas interests
–
0.5
–
0.5
Depreciation and amortisation
(131.2)
(14.9)
(81.3)
(227.4)
Segment profit/(loss)
292.1
19.5
73.5
385.1
Segment capital expenditure
317.1
8.2
133.3
–
458.6
PROFIT/(LOSS) BEFORE INCOME TAX $M
Reconciliation to revenue, profit/(loss) before income tax and capital expenditure reported in the financial statements: 2020
CAPITAL EXPENDITURE $M
REVENUE $M
Reported in segment information
1,218.5
385.1
458.6
Amounts not allocated to segments (corporate activities): Revenue
74.8
74.8
– – – – – – – – – –
Third party contributions
0.7
0.7
Impairment (refer to note 11.1) Employee benef it expenses Other operating expenses
– – – – – – – – –
(32.0) (54.2) (66.9)
Elimination of transactions with segments
10.0
Depreciation and amortisation
(35.4)
Interest costs (net)
(126.5)
Fair value change on f inancial instruments
(3.4)
Associates (share of net prof it/(loss))
0.3
Capital expenditure
–
30.1
Reported in the financial statements
1,294.0
152.5
488.7
57
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