EirGrid plc Annual Report 2011
EirGrid plc Annual Report 2011
EirGrid plc Annual Report 2011
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Consolidated Balance Sheet<br />
as at 30 September <strong>2011</strong><br />
Notes 30 Sep <strong>2011</strong> 30 Sep 2010<br />
€ ’000 € ’000<br />
ASSETS<br />
Non-current assets<br />
Intangible assets 10 17,347 21,133<br />
Property, plant & equipment 12 344,100 169,195<br />
Deferred tax asset 8 11,338 9,318<br />
Trade and other receivables 13 1,133 -<br />
Total non-current assets 373,918 199,646<br />
Current assets<br />
Trade and other receivables 13 161,897 95,663<br />
Current tax asset - 2,615<br />
Cash and cash equivalents 17 109,531 114,373<br />
Total current assets 271,428 212,651<br />
Total assets 645,346 412,297<br />
EQUITY AND LIABILITIES<br />
Capital and reserves<br />
Issued share capital 16 38 38<br />
Capital reserve 49,182 49,182<br />
Hedging reserve (46,447) (38,258)<br />
Translation reserve 86 137<br />
Retained earnings 85,166 55,190<br />
Total equity 88,025 66,289<br />
Non-current liabilities<br />
Derivative financial instruments 24 53,302 43,815<br />
Deferred tax liability 8 4,919 3,745<br />
Deferred income 15 35,318 2,318<br />
Borrowings 23 247,661 131,369<br />
Retirement benefit obligation 21 15,746 20,433<br />
Total non-current liabilities 356,946 201,680<br />
Current liabilities<br />
Borrowings 23 13,613 16,329<br />
Current tax liability 1,202 -<br />
Trade and other payables 14 185,560 127,999<br />
Total current liabilities 200,375 144,328<br />
Total liabilities 557,321 346,008<br />
Total equity and liabilities 645,346 412,297<br />
On behalf of the Board:<br />
66<br />
Bernie Gray CHAIRPERSON<br />
21 December <strong>2011</strong><br />
Dermot Byrne CHIEF EXECUTIVE
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