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Financial results

Our electricity distribution activity is undertaken through two operating companies, Western Power Distribution (South West) plc (‘WPD South West’) and Western Power Distribution (South Wales) plc (‘WPD South Wales’).

To view the audited financial statements of these companies for the year ended 31 March 2010, please click on either West Financial Statements or Wales Financial Statements.

These are prepared under UK Generally Accepted Accounting Practice (UK GAAP).

Western Power Distribution Holdings Limited publish group results.  To view the results for the year to 31 March 2009, click here.  These are prepared under International Financial Reporting Standards (IFRS) and are for the group whose principal activity is the distribution of electricity.  The results for the year to 31 March 2010 are not yet finalised.

Finance

The structure and financing of the group is such that financial statements for the group are the only ones that give a full understanding of the results of the group and the related cash flows.

Regulatory financial statements

Western Power Distribution is required to publish regulatory financial statements for its two regulated businesses, WPD South West and WPD South Wales.  These are prepared under UK GAAP.

To view the audited Regulatory Financial Statements for the year to 31 March 2010 (including Review and Corporate Governance), please click West Regulatory Financials or Wales Regulatory Financials