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UTILITY WEEK | 8TH - 14TH MARCH 2019 | 19 Finance & Investment Electricity North West fact le Founded: Norweb plc (1990) Headquarters: Warrington, England, United Kingdom Chief executive: Peter Emery Customers: ‚ ve million Parent: North West Electricity Networks Owner: Colonial First State Global Asset Management; JP‹Morgan Investment Management DNO ownership DNO Owner Electricity North West Colonial First State Global Asset Management and JP Morgan Investment Management Northern Powergrid Berkshire Hathaway SSE Networks SSE Scottish Power Energy Networks Iberdrola UK Power Networks Cheung Kong Group Western Power Distribution PPL Electricity North West half-year condensed consolidated nancial statements for the period ended 30 September 2018 Unaudited Unaudited Audited period ended period ended year ended 30 Sept 2018 30 Sept 2017 31 Mar 2018 £m £m £m Revenue 207.7 197.1 430.2 Employee costs (28.8) (26.0) (51.5) Depreciation and amortisation expense (net) (52.7) (50.6) (103.3) Other operating costs (43.7) (46.0) (92.1) Total operating expenses (125.2) (122.6) (246.9) Operating pro‚ t 82.5 74.5 183.3 Investment income 0.2 0.7 1.0 Finance expense (net) (11.6) 6.8 (43.0) Pro‚ t before taxation 71.1 82.0 141.3 Taxation 7 (13.6) (15.0) (25.0) Pro‚ t for the period attributable to shareholders 57.5 67.0 116.3 Other comprehensive income: Items that will not be reclassi‚ ed subsequently to pro‚ t or loss: Remeasurement of net de‚ ned bene‚ t liability 15.2 15.9 27.1 Deferred tax on remeasurement of de‚ ned bene‚ t liability (2.6) (2.7) (4.6) Adjustment due to change in future tax rates of brought forward deferred tax - - - Other comprehensive income for the period 12.6 13.2 22.5 Total comprehensive income for the period attributable to shareholders 70.1 80.2 138.8 All the results for the current and prior periods are derived from continuing operations. • Carlisle • Penrith • Workington • Kendal • Lancaster • Barrow • Walkden • Preston • Blackburn • Oldham Salford • Birchwood • • Manchester • Stockport Scottish and Southern Electricty Networks SP Energy Neworks SP Energy Neworks Electricity Northwest Northern Power Grid Northern Ireland Electricity Networks UK Power Networks Scottish and Southern Electricity Networks Western Power Distribution 1 1 2 4 5 6 7 8 9 3 2 3 4 5 6 7 8 9