National Grid (NGG) 2019年年度报告「NYSE」.pdf

1、Annual Report and Accounts 2018/19Bring Energy to LifeNational Grid plc is one oftheworlds largest investor-owned energy utilities,committed to delivering electricity and gassafely,reliably and efficiently to the customers and communities we serve.HighlightsWe have continued to make strong strategic

2、 andoperational progress whilst maintaining excellent safety levels and reliability across allour networks.We have retained a focus onour environmental sustainability record andemployee engagement.ContentsReporting currencyOur financial results are reported in sterling.Weconvert our US business resu

3、lts at the weighted average exchange rate during the year,which for 2018/19 was$1.31 to 1(2017/18:$1.36 to 1).Alternative performance measures In addition to IFRS figures,management also useanumber of alternative measures to assess performance.Definitions and reconciliations to statutory financial i

4、nformation can be found onpages 225 234.These measures are highlighted with the symbol above.Online reportThe PDF of our Annual Report and Accounts 2018/19 includes a full search facility.You can findthe document by visiting the About us sectionat .Further readingThroughout this report you can find

5、links to further detail within this document or online.Please look outfor the following icon:Strategic ReportStrategic Report contents 1 Business model 2 Chairmans Statement 8 Chief Executives review 10 Our business environment 12 Our strategy 14 Progress against our strategy 16 Internal control and

6、 risk management 20 Viability statement 23 Financial review 25 Principal operations UK 34 Principal operations US 36 National Grid Ventures and other activities 38Our commitment to being a responsible business 40 Corporate GovernanceCorporate Governance contents 46 Audit Committee 58 Finance Committ