Company: NEWEN
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001654954-25-012622
Chunk: 30

Company: NATIONAL GRID PLC
Filing Date: 2025-11-06
Form: 6-K
Chunk 30
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3.

Includes a net foreign exchange gain on borrowing activities, offset by foreign exchange gains and losses on financing derivatives measured at fair value.

#### 6. Assets held for sale
Assets and businesses are classified as held for sale when their carrying amounts are recovered through sale rather than through continuing use. They only meet the held for sale condition when the assets are ready for immediate sale in their present condition, management is committed to the sale and it is highly probable that the sale will complete within one year. Once assets and businesses are classified as held for sale, depreciation and equity accounting ceases and the assets and businesses are remeasured if their carrying value exceeds their fair value less expected costs to sell.

The results and cash flows of assets or businesses classified as held for sale or sold during the year, that meet the criteria of being a major separate line of business or geographical area of operation, are shown separately from our continuing operations, and presented within discontinued operations in the income statement and cash flow statement.

The following assets and liabilities were classified as held for sale:

|                                        | 30 September 2025 |                                 |                                        |     | 31 March 2025 |                                 |                          |
|                                        |      Total assets 
     held for sale 
                £m | Total liabilities held for sale 
                              £m | Net assets/(liabilities) held for sale 
                                     £m |     |  Total assets 
 held for sale 
            £m | Total liabilities held for sale 
                              £m | Net assets/(liabilities) 
            held for sale 
                       £m |
| National Grid Renewables               |                 — |                               — |                                      — |     |         1,528 |                            -108 |                    1,420 |
| Grain LNG                              |             1,146 |                            -328 |                                    818 |     |         1,100 |                            -326 |                      774 |
| Net assets/(liabilities) held for sale |             1,146 |                            -328 |                                    818 |     |         2,628 |                            -434 |                    2,194 |

#### National Grid Renewables
On 24 February 2025, the Group agreed to sell NG Renewables, its US onshore renewables business, to Brookfield Asset Management. The disposal subsequently completed on 29 May 2025 for consideration of £1,531 million ($2,061 million) and remains subject to certain completion adjustments. As NG Renewables did not represent a separate major line of