National Grid (NGG) 2012年年度报告「NYSE」.pdf

1、Annual Report and Accounts 2011/12Want more information or help?Cautionary StatementThis document comprises the Annual Report and Accounts for the year ending 31 March 2012 for National Grid and its subsidiaries.It contains the Directors Report and Financial Statements,together with the Independent

2、Auditors Report thereon,as required by the Companies Act 2006.The Directors Report,comprising pages 8 to 107 and184 to 189,has been drawn up in accordance with the requirements of English law,and liability inrespect thereofis also governed by English law.Inparticular,the liability of theDirectors fo

3、rthese reports is solely toNational Grid.This document contains certain statements that are neither reported financial results nor other historical information.These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,as amended,and Section 21E o

4、f the Securities Exchange Act of 1934,as amended.These statements include information with respect to our financial condition,our results of operations and businesses,strategy,plans and objectives.Words such as anticipates,expects,should,intends,plans,believes,outlook,seeks,estimates,targets,may,wil

5、l,continue,project and similar expressions,as well as statements in thefuture tense,identify forward-looking statements.These forward-looking statements are not guarantees of our future performance and are subject to assumptions,risks and uncertainties that could cause actual future results to diffe

6、r materially from those expressed in or implied by such forward-looking statements.Many of these assumptions,risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely,such as changes in laws or regulations and decisions by governmental bodies or regulator