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Consolidated Balance Sheet as at 30 September 2016 At 31 March 2016 At 30 September 2016 At 30 September 2015 £m Note £m £m Assets 12,525.0 Property, plant and equipment 12,377.1 11,752.3 - Biological assets - 1.8 Intangible assets: 609.9 Goodwill 617.6 600.4 249.5 Other intangible assets 334.2 185.3 1,045.1 Equity investments in joint ventures and associates 837.8 963.5 591.6 Loans to joint ventures and associates 733.9 544.3 16.7 Other investments 16.5 26.4 512.0 Deferred tax assets 289.0 250.1 537.7 Derivative financial assets 16 760.0 582.0 16,087.5 Non-current assets 15,966.1 14,906.1 500.1 Other intangible assets 167.6 198.8 215.4 Inventories 220.5 339.1 3,274.3 Trade and other receivables 2,472.9 3,332.3 360.2 Cash and cash equivalents 257.9 1,678.4 1,615.0 Derivative financial assets 16 1,934.9 2,051.8 134.2 Current assets held for sale 12 406.5 97.7 6,099.2 Current assets 5,460.3 7,698.1 22,186.7 Total assets 21,426.4 22,604.2 Liabilities 923.3 Loans and other borrowings 13 338.8 734.3 4,184.4 Trade and other payables 3,343.4 3,960.8 298.2 Current tax liabilities 320.2 307.9 94.0 Provisions 71.3 111.6 1,783.8 Derivative financial liabilities 16 1,814.5 2,496.3 115.0 Liabilities held for sale 12 111.4 0.3 7,398.7 Current liabilities 5,999.6 7,611.2 6,245.5 Loans and other borrowings 13 7,083.9 5,931.6 917.5 Deferred tax liabilities 584.4 694.9 452.4 Trade and other payables 491.4 476.7 703.3 Provisions 699.7 393.9 394.8 Retirement benefit obligations 17 676.1 388.3 857.5 Derivative financial liabilities 16 987.4 1,067.7 9,571.0 Non-current liabilities 10,522.9 8,953.1 16,969.7 Total liabilities 16,522.5 16,564.3 5,217.0 Net assets 4,903.9 6,039.9 Equity: 503.8 Share capital 15 508.5 501.9 880.4 Share premium 876.6 858.4 22.0 Capital redemption reserve 22.0 22.0 (2.2) Hedge reserve 17.6 (51.1) (17.8) Translation reserve 21.3 (59.9) 1,598.6 Retained earnings 1,248.2 1,397.5 2,984.8 Equity attributable to ordinary shareholders of the parent 2,694.2 2,668.8 2,209.7 Hybrid capital 14 2,209.7 3,371.1 5,194.5 Total equity attributable to equity holders of the parent 4,903.9 6,039.9 22.5 Non-controlling interests - - 5,217.0 Total equity 4,903.9 6,039.9 49
Consolidated Statement of Changes in Equity for the period 1 April 2016 to 30 September 2016 Share premium account Capital redemption reserve Total attributable to ordinary shareholders Noncontrolling interest Statement of changes in Share Hedge Translation Retained Hybrid Total equity capital reserve reserve earnings capital Total Equity £m £m £m £m £m £m £m £m £m £m £m At 1 April 2016 503.8 880.4 22.0 (2.2) (17.8) 1,598.6 2,984.8 2,209.7 5,194.5 22.5 5,217.0 Profit for the period - - - - - 476.2 476.2 73.9 550.1 - 550.1 Other comprehensive - - - 32.8 39.1 (254.5) (182.6) - (182.6) - (182.6) income Share of joint ventures and - - - (13.0) - (86.8) (99.8) - (99.8) - (99.8) associates other comprehensive income Total comprehensive income for the period - - - 19.8 39.1 134.9 193.8 73.9 267.7 - 267.7 Dividends to shareholders - - - - - (629.5) (629.5) - (629.5) - (629.5) Scrip dividend related 4.7 (4.7) - - - 142.6 142.6 - 142.6 - 142.6 share issue Distributions to hybrid - - - - - - - (73.9) (73.9) - (73.9) capital holders Issue of shares - 0.9 - - - - 0.9 - 0.9 - 0.9 Credit in respect of - - - - - 6.6 6.6 - 6.6 - 6.6 employee share awards Investment in own shares - - - - - (5.0) (5.0) - (5.0) - (5.0) Non controlling interest (i) - - - - - - - - (22.5) (22.5) At 30 September 2016 508.5 876.6 22.0 17.6 21.3 1,248.2 2,694.2 2,209.7 4,903.9 - 4,903.9 Statement of changes in equity Share capital Share premium account Capital redemption reserve Hedge reserve Translation reserve Retained earnings Total attributable to ordinary shareholders Hybrid capital Total £m £m £m £m £m £m £m £m £m At 1 April 2015 496.5 862.7 22.0 (72.1) (69.5) 1,469.8 2,709.4 3,371.1 6,080.5 Profit for the period - - - - - 192.7 192.7 12.5 205.2 Other comprehensive income - - - 15.0 9.6 208.2 232.8 - 232.8 Share of joint ventures and - - - 6.0 - (20.5) (14.5) - (14.5) associates other comprehensive income Total comprehensive income for the period - - - 21.0 9.6 380.4 411.0 12.5 423.5 Dividends to shareholders - - - - - (613.5) (613.5) - (613.5) Scrip dividend related share issue 5.3 (5.3) - - - 159.5 159.5 - 159.5 Distributions to hybrid capital - - - - - - - (12.5) (12.5) holders Issue of shares 0.1 1.0 - - - - 1.1 - 1.1 Credit in respect of employee share - - - - - 8.7 8.7 - 8.7 awards Investment in own shares - - - - - (7.4) (7.4) - (7.4) At 30 September 2015 501.9 858.4 22.0 (51.1) (59.9) 1,397.5 2,668.8 3,371.1 6,039.9 (i) This represents the reclassification of the non-controlling interest in Clyde Windfarm (Scotland) Limited which is now accounted as a joint venture (see Note 4.2(v)). 50
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Page 3 and 4: Table of Contents Overview ........
Page 5 and 6: Sep 16 Sep 15 Sep 14 Adjusted Opera
Page 7 and 8: Distribution. This means the Regula
Page 9 and 10: Further Information Inside Informat
Page 11 and 12: 1.4 times, based on dividend increa
Page 13 and 14: Group Financial Overview Key Financ
Page 15 and 16: Investment and Capex Summary Sep 16
Page 17 and 18: SGN contribution to SSE Sep 16 Sep
Page 19 and 20: Investment and Capital Expenditure
Page 21 and 22: Adjusted net debt excludes finance
Page 23 and 24: WHOLESALE Wholesale Key Performance
Page 25 and 26: Energy Portfolio Management (EPM) E
Page 27 and 28: Generation - Great Britain (thermal
Page 29 and 30: sources. This makes SSE the largest
Page 31 and 32: significant consequences as it all
Page 33 and 34: Adopting a clear and distinctive id
Page 35 and 36: Adapting to policy and regulatory c
Page 37 and 38: Supporting resilient communities As
Page 39 and 40: RETAIL (including Enterprise) Retai
Page 41 and 42: elating to the quality of the servi
Page 43 and 44: SSE’s Priority Assistance Fund pr
Page 45 and 46: With a significant self-delivery ca
Page 47 and 48: SSE financial results explained Why
Page 49 and 50: Consolidated Income Statement for t
Page 51: Consolidated Statement of Other Com
Page 55 and 56: Consolidated Cash Flow Statement fo
Page 57 and 58: Notes on the Condensed Interim Stat
Page 79 and 80: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

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