Annual report and financial statement 2009 - United Utilities

More documents

Recommendations

Info

FINANCIAL STATEMENTSStatement of recognised income and expensefor the year ended 31 March2009 2008Group Note £m £mActuarial losses on defined benefit pension schemes 20,24 (124.3) (126.4)Revaluation of investments 14,24 (20.3) 34.9Fair value losses on cashflow hedges 24 (1.6) (1.5)Foreign exchange adjustments 24 8.5 11.8Tax on items taken directly to equity 21,24 35.2 35.8Net expense recognised directly in equity (102.5) (45.4)Profit for the year 24 179.4 909.2Total recognised income and expense for the year 76.9 863.846 unitedutilities.com
Cashflow statementsfor the year ended 31 MarchGroupCompany2009 2008 2009Note £m £m £mOperating activitiesCash generated from operations 29 911.4 876.9 172.5Interest paid (232.3) (299.9) (40.6)Interest received and similar income 90.4 119.1 0.1Tax paid (32.8) (98.6) –Net cash generated from operating activities (continuing operations) 736.7 597.5 132.0Net cash generated from operating activities (discontinued operations) 29 – 99.5 –736.7 697.0 132.0Investing activitiesDisposal of investments – 0.6 –Disposal of associated company 8 – 75.8 –Disposal of subsidiaries – 1,152.7 –Net cash outflow from group reorganisation – (15.0) –Purchase of property, plant and equipment (675.2) (644.5) –Purchase of other intangible assets (38.9) (25.3) –Proceeds from sale of property, plant and equipment 3.8 15.0 –Net cash (used in)/generated from investing activities (continuing operations) (710.3) 559.3 –Net cash used in investing activities (discontinued operations) – (161.0) –(710.3) 398.3 –Financing activitiesProceeds from issue of ordinary shares 1.6 9.2 0.7Cash used in structured financing (163.9) (170.1) –Proceeds from borrowings 3,784.7 1,068.9 1,419.4Repayment of borrowings (3,310.9) (2,297.2) –Dividends paid to equity holders of the company 9 (349.9) (400.4) (72.5)Return to shareholders on capital reorganisation (1,482.3) – (1,482.3)Dividends received from discontinued operations – 100.0 –Net cash used in financing activities (continuing operations) (1,520.7) (1,689.6) (134.7)Net cash used in financing activities (discontinued operations) – (190.1) –(1,520.7) (1,879.7) (134.7)Effects of exchange rate changes (continuing operations) (1.8) 148.9 –Net decrease in cash and cash equivalents (continuing operations) (1,496.1) (383.9) (2.7)Net decrease in cash and cash equivalents (discontinued operations) – (251.6) –(1,496.1) (635.5) (2.7)Cash and cash equivalents at beginning of the year/period 17 1,705.2 2,340.7 –Cash and cash equivalents at end of the year/period 17 209.1 1,705.2 (2.7)Financial statementsunitedutilities.com 47
Page 1 and 2: UNITED UTILITIES GROUP PLC ANNUAL R
Page 3 and 4: Business reviewPerformance against
Page 5 and 6: In the 2005-2010 period, UUW is inv
Page 7 and 8: Business reviewTogether with the in
Page 9 and 10: FINANCIAL REVIEWUnited Utilities ha
Page 11: cash resources. Cash and short-term
Page 15 and 16: Non-regulated activitiesand other a
Page 17 and 18: BUSINESS REVIEW: EMPLOYEESEmployees
Page 19 and 20: RISKCURRENT CAPITAL MARKET CONDITIO
Page 21 and 22: RISKMATERIAL LITIGATIONNOSS Consort
Page 23 and 24: GovernanceTim Weller (45)Chief fina
Page 25 and 26: In addition, resolutions will be pr
Page 27 and 28: Corporate governance reportThe Comb
Page 29 and 30: The letters of appointment of the n
Page 31 and 32: group are required to complete and
Page 33 and 34: eporting or other matters. Historic
Page 35 and 36: The chart below sets out the summar
Page 37 and 38: Table 5: Operational performance me
Page 39 and 40: ii) Matching share award planDetail
Page 41 and 42: The committee will apply such mitig
Page 43 and 44: Statement of directors’ responsib
Page 45 and 46: Independent auditors’ reportIndep
Page 47: Balance sheetsat 31 MarchGroupCompa
Page 51 and 52: asset (or disposal group) is availa
Page 53 and 54: economy) are translated into sterli
Page 55 and 56: estimates, which would result in op
Page 57 and 58: Notes to the financial statements1
Page 59 and 60: Remuneration of key management pers
Page 61 and 62: 5 INVESTMENT INCOME2009 2008£m £m
Page 63 and 64: 8 DISCONTINUED OPERATIONSDuring the
Page 65 and 66: Basic earnings per share are calcul
Page 67 and 68: 14 INVESTMENTSOtherAssociate invest
Page 69 and 70: A full list of the company’s subs
Page 71 and 72: Trade and other receivables is spli
Page 73 and 74: Terms and debt repayment schedule c
Page 75 and 76: The counterparties in respect of tr
Page 77 and 78: Market riskMarket risk is the risk
Page 79 and 80: More1 year 1-2 2-3 3-4 4-5 than 5Gr
Page 81 and 82: Fair valuesThe fair values of finan
Page 83 and 84: The main financial assumptions used
Page 85 and 86: Defined contribution pension costsU
Page 87 and 88: 24 SHAREHOLDERS’ EQUITYShareCumul
Page 89 and 90: 27 SHARE-BASED PAYMENTSOn 28 July 2
Page 91 and 92: The movement in total outstanding o
Page 93 and 94: 28 RELATED PARTY TRANSACTIONSGroupT
Page 95 and 96: Useful information for shareholders

Annual report and financial statement 2009 - United Utilities

Create successful ePaper yourself

Delete template?

Save as template?