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{"sheet":"RFPR cover","index":0,"n_rows":14,"n_cols":7,"rows_kept":14,"cut":false,"hidden":false,"merged":[]}
["Regulatory Financial Performance Report"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,"Licensee","Cadent-WM",null,null,null,"Input cells"]
[null,"Sector",{"$f":"INDEX(Data!$A$73:$A$100,MATCH($C$5,Data!$B$73:$B$100,0),0)&\"1\"","v":"GD1"},null,null,null,"Totals cells (of formula within worksheet)"]
[null,"Reporting Year:\n(enter 2014 for 2013-14)",2020,null,null,null,"Referencing to other worksheets"]
[null,"Version (Number)",null,null,null,null,"Referencing to other workbooks"]
[null,"Submitted Date:",null,null,null,null,"Check cells"]
[null,"Cost of Equity",{"$f":"SUMIF(Data!$B$72:$B$100,C5,Data!$C$72:$C$100)","v":6.7000000000000004E-2},null,null,null,"No Input"]
[null,"Sharing Factor",{"$f":"SUMIF(Data!$B$72:$B$100,C5,Data!$D$72:$D$100)","v":0.63039999999999996},null,null,null,"Descriptions and pack data"]
[null,"Notional Gearing",{"$f":"SUMIF(Data!$B$72:$B$100,C5,Data!$E$72:$E$100)","v":0.65}]
[null,"RIIO-1 start date",{"$f":"INDEX(Data!$G$73:$G$100,MATCH($C$5,Data!$B$73:$B$100,0),0)","v":2014},null,null,"Materiality £m"]
[null,"Price basis",{"$f":"INDEX(Data!$H$73:$H$100,MATCH($C$5,Data!$B$73:$B$100,0),0)","v":"£m 09/10"},null,null,0.1]

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["Network Operator Data"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[]
[null,2018,"2017-18"]
[null,2019,"2018-19"]
[null,2020,"2019-20"]
[null,2021,"2020-21"]
[null,2022,"2021-22"]
[null,2023,"2022-23"]
[]
[null,"RPI Index","Reporting year","Actual / Forecast index","Financial Year Average RPI\n(RPIt)","Year end RPI","Corp. Tax"]
[null,"2009-10",2010,{"$f":"IF(VALUE(C14)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},215.767,221.75,0.28000000000000003]
[null,"2010-11",2011,{"$f":"IF(VALUE(C15)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},226.47499999999999,233.45,0.28000000000000003]
[null,"2011-12",2012,{"$f":"IF(VALUE(C16)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},237.34200000000001,241.65,0.26]
[null,"2012-13",2013,{"$f":"IF(VALUE(C17)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},244.67500000000001,249.1,0.24]
[null,"2013-14",2014,{"$f":"IF(VALUE(C18)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},251.733,255.25,0.23]
[null,"2014-15",2015,{"$f":"IF(VALUE(C19)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},256.66699999999997,257.55,0.21]
[null,"2015-16",2016,{"$f":"IF(VALUE(C20)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},259.43299999999999,261.25,0.2]
[null,"2016-17",2017,{"$f":"IF(VALUE(C21)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},264.99200000000002,269.95000000000005,0.2]
[null,"2017-18",2018,{"$f":"IF(VALUE(C22)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},274.90800000000002,279,0.19]
[null,"2018-19",2019,{"$f":"IF(VALUE(C23)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},283.30799999999999,286.64999999999998,0.19]
[null,"2019-20",2020,{"$f":"IF(VALUE(C24)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Actual"},290.642,292.60000000000002,0.19]
[null,"2020-21",2021,{"$f":"IF(VALUE(C25)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Forecast"},{"$f":"E24*(1+INDEX($D$43:$J$43,0,MATCH($C25,$D$42:$J$42,0)))","v":297.32676599999996},299.32979999999998,0.19]
[null,"2021-22",2022,{"$f":"IF(VALUE(C26)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Forecast"},303.64495977749993,305.69055824999998,0.19]
[null,"2022-23",2023,{"$f":"IF(VALUE(C27)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Forecast"},311.46381749177056,313.56209012493747,0.19]
[null,"2023-24",2024,{"$f":"IF(VALUE(C28)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Forecast"},null,null,0.19]
[null,"2024-25",2025,{"$f":"IF(VALUE(C29)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Forecast"},null,null,0.19]
[null,"2025-26",2026,{"$f":"IF(VALUE(C30)<='RFPR cover'!$C$7,\"Actual\",\"Forecast\")","v":"Forecast"},null,null,0.19]
[]
[null,null,{"$f":"IF(C33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(D33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J33<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"C33+1","v":2015},2016,2017,2018,2019,2020,2021]
[null,"Financial Year Average RPI (RPIt)",{"$f":"INDEX(Data!$E$14:$E$30,MATCH(C$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.1666890673736021},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(D$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.1895563269638081},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(E$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.2023757108362261},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(F$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.2281396135646323},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(G$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.2740965949380583},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(H$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.3130274787154661},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(I$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.3470178479563604},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(J$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.3779992584593566}]
[null,"Year end RPI",{"$f":"INDEX(Data!$F$14:$F$30,MATCH(C$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.1829890576408812},{"$f":"INDEX(Data!$F$14:$F$30,MATCH(D$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.1936487043894572},{"$f":"INDEX(Data!$F$14:$F$30,MATCH(E$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.2107968317676012},{"$f":"INDEX(Data!$F$14:$F$30,MATCH(F$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.2511181042513455},{"$f":"INDEX(Data!$F$14:$F$30,MATCH(G$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.2930614968924812},{"$f":"INDEX(Data!$F$14:$F$30,MATCH(H$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.3285164089040491},{"$f":"INDEX(Data!$F$14:$F$30,MATCH(I$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.3560924515797135},{"$f":"INDEX(Data!$F$14:$F$30,MATCH(J$33,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.3872825779660467}]
[null,"1 year change in Fin Year Ave RPI",{"$f":"INDEX(Data!$E$14:$E$30,MATCH(C$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(C$33-1,Data!$C$14:$C$30,0))","v":1.0288464289363441},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(D$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(D$33-1,Data!$C$14:$C$30,0))","v":1.0196001318857677},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(E$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(E$33-1,Data!$C$14:$C$30,0))","v":1.0107766093810269},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(F$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(F$33-1,Data!$C$14:$C$30,0))","v":1.0214274976583551},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(G$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(G$33-1,Data!$C$14:$C$30,0))","v":1.0374199975848328},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(H$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(H$33-1,Data!$C$14:$C$30,0))","v":1.0305556768082411},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(I$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(I$33-1,Data!$C$14:$C$30,0))","v":1.0258870204865376},{"$f":"INDEX(Data!$E$14:$E$30,MATCH(J$33,Data!$C$14:$C$30,0))/INDEX(Data!$E$14:$E$30,MATCH(J$33-1,Data!$C$14:$C$30,0))","v":1.0229999999999999}]
[null,"HMT Forecasts for UK Economy - M3 New Forecasts RPI"]
[null,null,"Calendar Year",2017,{"$f":"D38+1","v":2018},2019,2020,2021,2022,2023,"Source"]
[null,"M3 New Forecasts RPI",null,null,null,2.5999999999999999E-2,2.4E-2,0.02,2.5000000000000001E-2,2.8000000000000001E-2,"December 2019 Publication"]
[]
[null,"Forecast growth rate"]
[null,null,"Reporting Year",2017,{"$f":"D42+1","v":2018},2019,2020,2021,2022,2023]
[null,"Future inflation assumption",null,null,null,null,{"$f":"(F39*0.75)+(G39*0.25)","v":2.5500000000000002E-2},{"$f":"(G39*0.75)+(H39*0.25)","v":2.3000000000000003E-2},{"$f":"(H39*0.75)+(I39*0.25)","v":2.1249999999999998E-2},{"$f":"(I39*0.75)+(J39*0.25)","v":2.5750000000000002E-2}]
[]
[null,{"$f":"\"Selected Capitalisation rates for \"&'RFPR cover'!C5","v":"Selected Capitalisation rates for Cadent-WM"}]
[]
[null,null,"RIIO1"]
[null,{"$f":"INDEX($G$54:$G$57,MATCH(LEFT('RFPR cover'!$C$6,2),Data!$E$54:$E$57,0),0)","v":"Totex excluding repex"},{"$f":"INDEX($F$73:$F$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.24946223864843597}]
[]
[null,null,2014,{"$f":"C50+1","v":2015},2016,2017,2018,2019,2020,2021]
[null,{"$f":"INDEX($J$54:$J$57,MATCH(LEFT('RFPR cover'!$C$6,2),Data!$E$54:$E$57,0),0)","v":"Repex"},{"$f":"IFERROR(INDEX(C$106:C$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":0.5},{"$f":"IFERROR(INDEX(D$106:D$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":0.5714285714285714},{"$f":"IFERROR(INDEX(E$106:E$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":0.64285714285714279},{"$f":"IFERROR(INDEX(F$106:F$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":0.71428571428571419},{"$f":"IFERROR(INDEX(G$106:G$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":0.78571428571428559},{"$f":"IFERROR(INDEX(H$106:H$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":0.85714285714285698},{"$f":"IFERROR(INDEX(I$106:I$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":0.92857142857142838},{"$f":"IFERROR(INDEX(J$106:J$115,MATCH('RFPR cover'!$C$5,Data!$B$106:$B$115,0),0),0)","v":1}]
[]
[]
[null,null,null,null,"ED","£m 12/13","Totex",null,null,"n/a"]
[null,null,null,null,"ET","£m 09/10","Totex",null,null,"n/a"]
[null,null,null,null,"GD","£m 09/10","Totex excluding repex",null,null,"Repex"]
[null,null,null,null,"GT","£m 09/10","Totex (non-'uncertainty rate')",null,null,"Uncertainty rate"]
[]
[]
[]
[null,"Allowed cost of debt %"]
[null,null,2014,{"$f":"C62+1","v":2015},2016,2017,2018,2019,2020,2021,2022,2023]
[null,"WPD",null,null,2.5499999999999998E-2,2.3799999999999998E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2,7.7000000000000002E-3,4.5999999999999999E-3]
[null,"ED - excluding WPD",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
[null,"SHET",2.92E-2,2.5000000000000001E-2,2.1499999999999998E-2,1.7899999999999999E-2,1.5100000000000001E-2,1.1599999999999999E-2,1.0200000000000001E-2,8.3000000000000001E-3]
[null,"ET - excluding SHET",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
[null,"GD",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
[null,"GT",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
[]
[]
[null,null,"Allowed \nCost of Equity","TIM Incentive Strength","Gearing","Main Cap. Rate","RIIO1 start date","Price Basis","Fast Tracked","IQI pre or post tax","Allowed cost of debt"]
["Sector","Default",null,null,null,null,null,null,null,null,2014,{"$f":"K72+1","v":2015},2016,2017,2018,2019,2020,2021,2022,2023]
["ED","ENWL",0.06,0.58109999999999995,0.65,0.68,2016,{"$f":"VLOOKUP($A73,$E$54:$F$57,2,FALSE)","v":"£m 12/13"},"No","Post",null,null,{"$f":"E$64","v":2.5499999999999998E-2},2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","NPgN",0.06,0.55843703457782867,0.65,0.7,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","NPgY",0.06,0.55843703457782867,0.65,0.72,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","UKPN-EPN",0.06,0.53280000000000005,0.65,0.68,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","UKPN-LPN",0.06,0.53280000000000005,0.65,0.68,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","UKPN-SPN",0.06,0.53280000000000005,0.65,0.68,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","SPD",0.06,0.53500000000000003,0.65,0.8,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","SPMW",0.06,0.53500000000000003,0.65,0.8,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","SSEH",0.06,0.56469999999999998,0.65,0.62,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","SSES",0.06,0.56469999999999998,0.65,0.7,2016,"£m 12/13","No","Post",null,null,2.5499999999999998E-2,2.4199999999999999E-2,2.29E-2,2.0899999999999998E-2,1.9400000000000001E-2,1.78E-2,1.6299999999999999E-2,1.4800000000000001E-2]
["ED","WPD-EMID",6.4000000000000001E-2,0.7,0.65,0.8,2016,"£m 12/13","Yes","Pre",null,null,{"$f":"E$63","v":2.5499999999999998E-2},2.3799999999999998E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2,7.7000000000000002E-3,4.5999999999999999E-3]
["ED","WPD-WMID",6.4000000000000001E-2,0.7,0.65,0.8,2016,"£m 12/13","Yes","Pre",null,null,2.5499999999999998E-2,2.3799999999999998E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2,7.7000000000000002E-3,4.5999999999999999E-3]
["ED","WPD-SWALES",6.4000000000000001E-2,0.7,0.65,0.8,2016,"£m 12/13","Yes","Pre",null,null,2.5499999999999998E-2,2.3799999999999998E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2,7.7000000000000002E-3,4.5999999999999999E-3]
["ED","WPD-SWEST",6.4000000000000001E-2,0.7,0.65,0.8,2016,"£m 12/13","Yes","Pre",null,null,2.5499999999999998E-2,2.3799999999999998E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2,7.7000000000000002E-3,4.5999999999999999E-3]
["GD","Cadent-EOE",6.7000000000000004E-2,0.63039999999999996,0.65,0.26634501855794862,2014,"£m 09/10","No","Pre",{"$f":"C$67","v":2.92E-2},2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GD","Cadent-London",6.7000000000000004E-2,0.63039999999999996,0.65,0.23469337831705597,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GD","Cadent-WM",6.7000000000000004E-2,0.63039999999999996,0.65,0.24946223864843597,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GD","Cadent-NW",6.7000000000000004E-2,0.63039999999999996,0.65,0.26095352485819256,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GD","NGN",6.7000000000000004E-2,0.63980000000000004,0.65,0.34984411379298247,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GD","SGN - Scotland",6.7000000000000004E-2,0.63729999999999998,0.65,0.35129049661183626,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GD","SGN - Southern",6.7000000000000004E-2,0.63729999999999998,0.65,0.32230855902021693,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GD","WWU",6.7000000000000004E-2,0.63170000000000004,0.65,0.35781904469402892,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GT","NGGT (TO)",6.8000000000000005E-2,0.44359999999999999,0.625,0.64400000000000002,2014,"£m 09/10","No","Pre",{"$f":"C$68","v":2.92E-2},2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["GT","NGGT (SO)",6.8000000000000005E-2,0.44359999999999999,0.625,0.374,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["ET","NGET (TO)",7.0000000000000007E-2,0.46889999999999998,0.6,0.85,2014,"£m 09/10","No","Pre",{"$f":"C$66","v":2.92E-2},2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["ET","NGET (SO)",7.0000000000000007E-2,0.46889999999999998,0.6,0.27900000000000003,2014,"£m 09/10","No","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["ET","SPT",7.0000000000000007E-2,0.5,0.55000000000000004,0.9,2014,"£m 09/10","Yes","Pre",2.92E-2,2.7199999999999998E-2,2.5499999999999998E-2,2.3800000000000002E-2,2.2200000000000001E-2,1.9099999999999999E-2,1.5800000000000002E-2,1.09E-2]
["ET","SHET",7.0000000000000007E-2,0.5,0.55000000000000004,0.9,2014,"£m 09/10","Yes","Pre",{"$f":"C$65","v":2.92E-2},2.5000000000000001E-2,2.1499999999999998E-2,1.7899999999999999E-2,1.5100000000000001E-2,1.1599999999999999E-2,1.0200000000000001E-2,8.3000000000000001E-3]
[]
[]
[]
[null,"GD: Capitalised share of repex / GT: Uncertainty Rate"]
[null,null,2014,{"$f":"C105+1","v":2015},2016,2017,2018,2019,2020,2021]
[null,"Cadent-EOE",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"Cadent-London",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"Cadent-WM",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"Cadent-NW",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"NGN",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"SGN - Scotland",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"SGN - Southern",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"WWU",0.5,0.5714285714285714,0.64285714285714279,0.71428571428571419,0.78571428571428559,0.85714285714285698,0.92857142857142838,1]
[null,"NGGT (TO)",0.9,0.9,0.9,0.9,0.9,0.9,0.9,0.9]
[null,"NGGT (SO)"]
[]
[]
[null,"IQI Additional Income",2014,{"$f":"C118+1","v":2015},2016,2017,2018,2019,2020,2021,2022,2023]
[null,"ENWL",null,null,1.5575632164737283,1.4734141240658321,1.4689588897025405,1.4707200530126929,1.4674716260161711,1.4486206224386007,1.4956798325868756,1.4397148718051931]
[null,"NPgN",null,null,-0.65871781800535345,-0.63543772576063684,-0.58907862874233818,-0.58178188190178026,-0.56823918867341305,-0.51933170333654122,-0.47962665852661612,-0.4656874701170608]
[null,"NPgY",null,null,-0.86626036283610952,-0.81019773780890636,-0.78919084241395188,-0.79061873066036981,-0.74432653414361061,-0.70697274816976396,-0.65350946162011747,-0.66429758885743451]
[null,"UKPN-EPN",null,null,-3.2612134183503572,-3.3462554451402173,-3.1732919768141143,-3.1232404745251841,-3.0767551306224106,-2.9342177182087767,-2.8825938479182072,-2.7237011003750218]
[null,"UKPN-LPN",null,null,-2.4260972367898193,-2.3690383662844163,-2.2433276600060932,-2.1466020621213828,-2.174009678716605,-2.0538927838998693,-1.9044581231060691,-1.8008611131009082]
[null,"UKPN-SPN",null,null,-2.1861012409352765,-2.3820447425774849,-2.2418672366929897,-2.1147812646907029,-2.0146177086326591,-1.9421313262105093,-1.9248856430948595,-1.8464451304225615]
[null,"SPD",null,null,-1.8633532543800757,-1.8182980405067262,-1.83946756302578,-1.7415973428180247,-1.6798002111470465,-1.5974456358596774,-1.5016396120831343,-1.4453638876860204]
[null,"SPMW",null,null,-2.1317145269512103,-2.193973633026753,-1.9869010217130036,-1.8037552784318813,-1.7767942495618843,-1.7901472583807538,-1.6444113686346382,-1.467384504290556]
[null,"SSEH",null,null,0.16599721814464838,0.16631900606776751,0.16554337895881124,0.16569741136821181,0.16622630759870036,0.16380302414374548,0.16593344617950709,0.16036688822048883]
[null,"SSES",null,null,0.3648271976377423,0.37109083837102003,0.36071859106606846,0.35927814835295946,0.3227419487574148,0.32139075529498529,0.32876178406363676,0.31920430794598709]
[null,"WPD-EMID",null,null,7.1281196754416492,6.9674138399666772,6.2034025893135132,6.3085978915797085,6.2376648400128394,6.4865819943041139,6.8152516624832584,6.6271056201039169]
[null,"WPD-WMID",null,null,6.5079014730517413,6.5166167406950333,6.3292456496722922,6.4407397408462082,6.6367331985058957,6.7568163761394304,6.6961234445143969,6.7647427548792596]
[null,"WPD-SWALES",null,null,3.6763138465229663,3.6748350873956013,3.4998529635433906,3.724685546648324,3.4121739487309477,3.4202241027689042,3.3053549439575329,3.3633285641010966]
[null,"WPD-SWEST",null,null,5.3762701961708466,5.3775969760840585,5.2618102801807671,5.360849180672294,5.2665238228731912,5.3271179030285305,5.3223294006601192,5.5699880746272257]
[null,"Cadent-EOE",1.4371556068940596,1.3718015630879741,1.3507660107019517,1.356812198977974,1.3598136386487443,1.3501475065962032,1.3298433305384654,1.3174540960763355]
[null,"Cadent-London",1.2224510767557433,1.2198157429394254,1.2942164825881293,1.2596396269108345,1.2840112184368913,1.2678511857965422,1.2592019055105816,1.257376658609527]
[null,"Cadent-WM",0.82325002294811445,0.82663571281128501,0.79640504595610451,0.78757021450124798,0.81133252861207505,0.81064228783969072,0.80900368952296353,0.78043276967968189]
[null,"Cadent-NW",1.0893959849781105,1.027913194554035,1.0066987144123654,1.0192350900597893,1.0341480780318344,1.0204240792759967,1.0137739549704501,0.9898055017218621]
[null,"NGN",3.0675250143183739,3.1629219417602221,3.2156604222069194,3.1773534622131239,2.9925267771957293,2.9953978987575276,3.008780645638939,3.0035530345258876]
[null,"SGN - Scotland",2.1240897362733717,2.0350723340362249,1.9686998072928457,2.0858456765056492,2.1150393198028121,2.0960407823683633,1.9709648894580449,1.9558237270696361]
[null,"SGN - Southern",4.3724011747736116,4.1057641662653896,4.0545669929819539,4.1740927460581894,4.2397101975440528,4.2461477210751069,4.1078523076276792,4.0575944965475035]
[null,"WWU",1.3982776671905828,1.3864649866746799,1.3673040530931269,1.3493453776780693,1.3347777856873293,1.3354887108693174,1.3597799661606067,1.3515240072037848]
[null,"NGGT (TO)",-1.1295718210052885,-1.1444007312827333,-1.1763817360750841,-1.5927557463957547,-1.8565667598967899,-1.2720416735170972,-1.1039739947823479,-1.018311326547777]
[null,"NGGT (SO)",-0.43181154987245485,-0.39947195996305995,-0.34734317043598018,-0.3193206524905472,-0.31265626882301373,-0.30799379948941219,-0.32570922921081308,-0.31552026220892354]
[null,"NGET (TO)",15.168246288518162,16.275110005972994,15.614702904478012,14.911674359737152,13.033415757853545,12.556067765830047,11.285100906339711,9.8268179419485548]
[null,"NGET (SO)",0.93219394583370063,0.89969793099769957,0.87783267686821997,0.87232109317784756,0.89875958568159287,0.82801710222961222,0.88417658562860901,0.89982415652833247]
[null,"SPT",10.952751093909903,1.3412683602121493,22.190179414419269,7.0488483253947072,6.9020695692988534,6.9425238085580094,7.0785069781779111,5.2688524500291916]
[null,"SHET",4.7850556060781999,4.9736597194598335,5.6988662496343032,3.7921077312788807,2.8512563802087829,2.8799765245720623,2.9074703511454074,2.8191074376225309]
[]
[]
[null,{"$f":"LEFT('RFPR cover'!C6,2)","v":"GD"}]
[null,"Output incentives for each sector used to populate R5"]
[]
[null,"Input for R5 - Output Incentives",null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F152),'RFPR cover'!$C$5=Data!F152)","v":false},{"$f":"B162","v":"ED"}]
[null,{"$f":"CHOOSE(MATCH(TRUE,$E$152:$E$159,0),B163,B173,B183,E183,B193,E193,B203,E203)&\"\"","v":"Broad Measure of Customer Satisfaction "},null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F153),'RFPR cover'!$C$5=Data!F153)","v":true},{"$f":"B172","v":"GD"}]
[null,"Shrinkage Allowance Revenue Adjustment",null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F154),'RFPR cover'!$C$5=Data!F154)","v":false},{"$f":"B182","v":"NGGT (TO)"}]
[null,"Environment Emissions Incentive ",null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F155),'RFPR cover'!$C$5=Data!F155)","v":false},{"$f":"E182","v":"NGGT (SO)"}]
[null,"Discretionary Reward Scheme",null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F156),'RFPR cover'!$C$5=Data!F156)","v":false},{"$f":"B192","v":"NGET (TO)"}]
[null,"NTS Exit Capacity",null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F157),'RFPR cover'!$C$5=Data!F157)","v":false},{"$f":"E192","v":"NGET (SO)"}]
[null,"",null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F158),'RFPR cover'!$C$5=Data!F158)","v":false},{"$f":"B202","v":"SPT"}]
[null,"",null,null,{"$f":"OR((LEFT('RFPR cover'!$C$6,2)=Data!F159),'RFPR cover'!$C$5=Data!F159)","v":false},{"$f":"E202","v":"SHET"}]
[null,""]
[]
[null,"ED"]
[null,"Broad measure of customer service"]
[null,"Interruptions-related quality of service"]
[null,"Incentive on connections engagement"]
[null,"Time to Connect Incentive"]
[null,"Losses discretionary reward scheme"]
[]
[]
[]
[]
[null,"GD"]
[null,"Broad Measure of Customer Satisfaction "]
[null,"Shrinkage Allowance Revenue Adjustment"]
[null,"Environment Emissions Incentive "]
[null,"Discretionary Reward Scheme"]
[null,"NTS Exit Capacity"]
[]
[]
[]
[]
[null,{"$f":"B95","v":"NGGT (TO)"},null,null,{"$f":"B96","v":"NGGT (SO)"}]
[null,"Stakeholder Satisfaction Output",null,null,"Constraint management"]
[null,"Permits revenue adjustment",null,null,"Transportation Support Services"]
[null,null,null,null,"Shrinkage incentive"]
[null,null,null,null,"Residual balancing"]
[null,null,null,null,"Quality of demand forecasting"]
[null,null,null,null,"Greenhouse gas incentive"]
[null,null,null,null,"Maintenance incentive"]
[]
[]
[null,{"$f":"B97","v":"NGET (TO)"},null,null,{"$f":"B98","v":"NGET (SO)"}]
[null,"Network Reliability Incentive",null,null,"Electricity Market Reform incentive revenue"]
[null,"Stakeholder Satisfaction Output",null,null,"Balancing Services Incentive Scheme / ESO Incentive Scheme 18/19"]
[null,"SF6 Emissions",null,null,"Renewable wind forecasting incentive"]
[null,"Environmental Discretionary Reward"]
[]
[]
[]
[]
[]
[null,{"$f":"B145","v":"SPT"},null,null,{"$f":"B100","v":"SHET"}]
[null,"Network Reliability Incentive",null,null,"Network Reliability Incentive"]
[null,"Stakeholder Satisfaction Output",null,null,"Stakeholder Satisfaction Output"]
[null,"SF6 Emissions",null,null,"SF6 Emissions"]
[null,"Environmental Discretionary Reward",null,null,"Environmental Discretionary Reward"]
[null,"Performance re offers of timely connection ",null,null,"Performance re offers of timely connection "]
[]
[]
[]
[]
[null,"All incentive performance recognised in t+2 allowed revenue - except TTC (t+3) and LDR (t+1) in ED"]
[]
[null,"Time to Connect Incentive revenue adjustment","t+3"]
[null,"Losses discretionary reward scheme revenue adjustment","t+1"]
[]
[]
[null,"Bond or loan types"]
[null,"Fixed rate"]
[null,"Floating"]
[null,"Inflation-linked"]
[]
[]
[null,"Reference rate"]
[null,"Not applicable"]
[null,"LIBOR 3 month"]
[null,"LIBOR 6 month"]
[null,"EURIBOR 3 month"]
[null,"BOE base rate"]
[null,"RPI 12 month"]
[null,"CPI 12 month"]
[]
[]
[]
[null,"Currency"]
[null,"GBP"]
[null,"EUR"]
[null,"USD"]
[null,"HKD"]
[null,"CAD"]
[]
[]
[null,"Rank"]
[null,"Senior"]
[null,"Junior"]
[]
[]
[null,"Hedged"]
[null,"Yes - fully hedged"]
[null,"Yes - partially hedged"]
[null,"No"]
[]
[null,"Special features"]
[null,"Callable"]
[null,"Puttable"]
[]
[]
[]
[null,"Counterparty"]
[null,"EIB"]
[null,"RBS"]
[]
[]
[]
[null,"Swap legs"]
[null,"Fixed rate"]
[null,"Floating"]

{"sheet":"Content & Version Control","index":2,"n_rows":35,"n_cols":9,"rows_kept":35,"cut":false,"hidden":false,"merged":[[13,3,13,7],[14,3,14,7],[15,3,15,7],[16,3,16,7],[17,3,17,7],[12,3,12,7],[7,3,7,7],[8,3,8,7],[9,3,9,7],[10,3,10,7],[11,3,11,7]]}
["Version control",null,null,null,null,null,null,null," "]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[]
[null,"Version:"]
[]
[null,"Submission","Date submitted","Changes"]
[null,"Submission 1"]
[null,"Submission 2"]
[null,"Submission 3"]
[null,"Submission 4"]
[null,"Submission 5"]
[null,"Submission 6"]
[null,"Submission 7"]
[null,"Submission 8"]
[null,"Submission 9"]
[null,"Submission 10"]
[]
[]
[null,"R1 - RoRE"]
[null,"R2 - Revenue"]
[null,"R3 - Rec to totex"]
[null,"R4 - Totex"]
[null,"R5 - Output Incentives"]
[null,"R6 - Innovation"]
[null,"R7 - Financing"]
[null,"R7a - Financing input"]
[null,"R8 - Net Debt"]
[null,"R8a - Net Debt input"]
[null,"R9 - RAV"]
[null,"R10 - Tax"]
[null,"R11 - Dividends"]
[null,"R12 - Pensions"]
[null,"R13 - Other Activities"]

{"sheet":"Change log","index":3,"n_rows":25,"n_cols":3,"rows_kept":25,"cut":false,"hidden":false,"merged":[]}
["Change log"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
["Version","Table Reference","Changes made to RFPR template"]
[1.1000000000000001,"R8","Row 26 added to pick up unamortised issues costs row in table R8a."]
[1.1000000000000001,"R8","Row 42 updated to include new row 26 (unamortised issue costs) in the subtotal"]
[1.1000000000000001,"R1","Amended formating to percentages (Column M:N, rows 10-23 and rows 29-42)"]
[1.1000000000000001,"R7","B29 to add \"Net Interest\" into the title to make it clear that this should include regulatory definition of net interest associated with new/refinanced debt raised in future years"]
[1.1000000000000001,"R7","Row 47 added to allow input of issuance expenses forecast for new/refinanced debt in future years"]
[1.1000000000000001,"R8a","Additional row added for restricted cash balances in table R8a in row 18, guidance updated."]
[1.1000000000000001,"R7","D37 - formula amended to read =('R8 - Net Debt'!D54-AVERAGE('R8 - Net Debt'!D8,('R8 - Net Debt'!E10-'R8a - Net Debt input'!T18)))*(Data!C36-1)"]
[1.1000000000000001,"R7","E37 - formula amended to read =('R8 - Net Debt'!E54-AVERAGE(('R8 - Net Debt'!E8-'R8a - Net Debt input'!T18),('R8 - Net Debt'!E10-'R8a - Net Debt input'!U18)))*(Data!D36-1)\n\nFormula copied across to F37:K37"]
[1.1000000000000001,"R10 ","Amended formula in D50 to read =D85-D87, and dragged formula across to E5:K5"]
[1.1000000000000001,"R1","Amended formula in B3 to correct spelling of system, originally spelt 'syestem'"]
[1.1000000000000001,"R9","Formula in row 32 changed from =IF(D5=\"Actuals\",IF(D31>=0,(D29-SUM($D$31:D31))-D11<'RFPR cover'!$F$14,(D29-SUM($D$31:D31))-D11<'RFPR cover'!$F$14), \"NA\") to =IF(D5=\"Actuals\",IF(ABS((D29-SUM($D$31:D31))-D11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")"]
[1.1000000000000001,"R8a","Removed content in F12 (\"Income statement debits and cash out flows (entered as +ve values, credits as -ve values\")"]
[1.1000000000000001,"R8a","Changed \"Restricted cash balances (entered as +ve values, credits as -ve values)\" in F18 to \"Restricted cash balances (-ive)\""]
[1.1000000000000001,"Data","J63:J68 updated to be consistent with Nov 2019 PCFM"]
[1.1000000000000001,"Data","Populated the incentives for NGGT SO and NGET SO in the Data tab, based on the incentives in the 2019 RFPR template for both entities."]
[1.1000000000000001,"R7a","Removed data validation between rows 498:509"]
[1.1000000000000001,"R10 ","Added in \"Tax arising from MOD values\" in \"Other adjustments\" in R10"]
[1.1000000000000001,"R10 ","Changed the formulas in row 6 from =IF(H6<=('RFPR cover'!$C$7),\"Actuals\",\"Forecast\") to =IF(H6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")"]
[1.1000000000000001,"R9","Changed the formulas in row 5 from =IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\") to =IF(D6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")."]
[1.1000000000000001,"Data","Changed the tax rate from G25:G30 to be in line with the 2020 Budget, where Government announced the corporate tax rate would be 19% for the years beginning April 2020 and 2021."]

{"sheet":"R1 - RoRE","index":4,"n_rows":66,"n_cols":15,"rows_kept":66,"cut":false,"hidden":false,"merged":[]}
["R1 - Return on Regulatory Equity (RoRE)",null,null,null,null,null,null,null,null,null,null,null,null,null," "]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020},{"$f":"IF('RFPR cover'!C5=Data!B98,\"Not required to be completed for System Operator\",(IF('RFPR cover'!C5=Data!B96,\"Not required to be completed for System Operator\",\"\")))","v":""}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021,null,{"$f":"\"Cumulative to \"&'RFPR cover'!$C$7","v":"Cumulative to 2020"},"RIIO-1 period"]
[]
[null,"RoRE based on Notional Gearing"]
[]
[null,"Allowed Equity Return","%",{"$f":"D48/D$65","v":6.7000000000000004E-2},6.7000000000000004E-2,6.7000000000000004E-2,6.7000000000000004E-2,6.7000000000000004E-2,6.7000000000000004E-2,6.7000000000000004E-2,6.7000000000000004E-2,null,{"$f":"AVERAGE(D48:INDEX(D48:K48,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":6.7000000000000004E-2},{"$f":"AVERAGE(D48:K48)/AVERAGE($D$65:$K$65)","v":6.7000000000000004E-2}]
[null,{"$f":"B49","v":"Totex outperformance"},"%",1.6905776684677548E-2,-4.8365759372070299E-3,2.5187423180385519E-2,2.7795474775725929E-2,2.5731638730427359E-2,2.374035881001213E-2,1.7244729379602686E-2,5.6161808752622305E-2,null,{"$f":"AVERAGE(D49:INDEX(D49:K49,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.8829618159974883E-2},2.3594284089358403E-2]
[null,"IQI Reward","%",1.4093759060989476E-3,1.4740654240410801E-3,1.4449761345362167E-3,1.4187649434502011E-3,1.4730285228832037E-3,1.4685396257256651E-3,1.4627625679379545E-3,1.3853179386222908E-3,null,{"$f":"AVERAGE(D50:INDEX(D50:K50,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.4501873808093607E-3},1.4419081661117986E-3]
[null,"Broad Measure of Customer Satisfaction ","%",1.6426924354829445E-3,1.3901562977197163E-3,1.5837516062212746E-3,1.4146471430266996E-3,1.0543742207320746E-3,2.1502578668848413E-3,1.782152744752308E-3,3.139749779734205E-3,null,{"$f":"AVERAGE(D51:INDEX(D51:K51,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.5746617021558621E-3},1.7744121513349833E-3]
[null,"Shrinkage Allowance Revenue Adjustment","%",4.9577502244912757E-4,3.9741433551790162E-4,4.4776552341337989E-4,3.5506788964310065E-4,3.7301986129150425E-4,5.6846556630344759E-4,5.6588151347399212E-4,2.8000965560463125E-4,null,{"$f":"AVERAGE(D52:INDEX(D52:K52,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":4.5791466197467215E-4},4.352088440448495E-4]
[null,"Environment Emissions Incentive ","%",1.5648137783738265E-3,1.8705737999176787E-3,2.7438905438433641E-3,2.1581054220526819E-3,2.2105349925537698E-3,2.6553864465228764E-3,5.2635048168141732E-3,4.2535027194134751E-3,null,{"$f":"AVERAGE(D53:INDEX(D53:K53,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":2.6393277937925359E-3},2.8453431427467976E-3]
[null,"Discretionary Reward Scheme","%",7.1447473502759092E-5,7.2536736788221428E-5,4.6844966376690693E-5,4.6511187323593359E-5,4.6297068896026471E-5,0,0,0,null,{"$f":"AVERAGE(D54:INDEX(D54:K54,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":4.0472412009941858E-5},3.5306963116575238E-5]
[null,"NTS Exit Capacity","%",5.818331525192272E-4,2.4874844490708294E-3,3.7675627837177417E-3,2.9056358519349238E-3,2.8616288303578642E-3,2.8830780987999746E-3,2.3627215432356079E-3,1.7560304588477601E-3,null,{"$f":"AVERAGE(D55:INDEX(D55:K55,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":2.5454850072290005E-3},2.444727801992569E-3]
[null,"Network Innovation ","%",-1.085825270718361E-4,-2.5993916417991271E-4,-3.9458892532559438E-4,-4.5908603510505692E-4,-3.6814910321273715E-4,-2.4205374586207959E-4,-3.909205085518204E-4,-2.9159270572629887E-4,null,{"$f":"AVERAGE(D56:INDEX(D56:K56,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-3.1722886083683082E-4},-3.1395694689670433E-4]
[null,"Penalties and fines","%",-1.0401144524046122E-3,-1.0904132224397592E-3,-3.797000684527553E-4,-4.0853487888414824E-4,-5.8284960078235212E-4,-9.7095986846772349E-4,-6.3974988036824066E-4,-6.7213314000372411E-4,null,{"$f":"AVERAGE(D57:INDEX(D57:K57,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-7.3115321346164757E-4},-7.2362054718381954E-4]
[null,"RoRE - Operational performance","%",{"$f":"SUM(D10:D19)","v":8.8523017473627924E-2},6.8505302719228736E-2,0.10144792574471585,0.10222658629916793,9.9799523523146721E-2,9.9253072799919143E-2,9.4651082176896661E-2,0.13301269345911465,null,{"$f":"SUM(M10:M19)","v":9.3489285043647785E-2},{"$f":"SUM(N10:N19)","v":9.8533613664625458E-2}]
[null,"Debt performance - at notional gearing","%",{"$f":"(D59)/D$65","v":2.5752400532791375E-2},-1.9666942731906681E-2,7.1502090397804604E-3,1.2810305751289367E-2,3.7130262629948931E-2,1.982574731848322E-2,1.8131485495573179E-3,{"$f":"(K59)/K$65","v":-8.6225296347935548E-3},null,{"$f":"AVERAGE(D59:INDEX(D59:K59,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.2168328651718272E-2},{"$f":"AVERAGE(D59:K59)/AVERAGE($D$65:$K$65)","v":9.5148145517475625E-3}]
[null,{"$f":"B61","v":"Tax performance - at notional gearing"},"%",{"$f":"(D61)/D$65","v":-2.1521939927185985E-3},-6.0881786793782772E-3,-7.1409182387537626E-4,2.1898509362990731E-3,-3.1395877255604001E-3,-2.424863901432088E-3,-9.9349322294393504E-4,8.5685362067708566E-4,null,{"$f":"AVERAGE(D61:INDEX(D61:K61,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$65:INDEX($D$65:$K$65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-1.9036377498846315E-3},{"$f":"AVERAGE(D61:K61)/AVERAGE($D$65:$K$65)","v":-1.5513193090733099E-3}]
[null,{"$f":"B63","v":"RoRE - including financing and tax"},"%",{"$f":"SUM(D20:D22)","v":0.1121232240137007},4.275018130794378E-2,0.10788404296062094,0.11722674298675638,0.13379019842753526,0.11665395621697028,9.5470737503510039E-2,0.12524701744499819,null,{"$f":"SUM(M20:M22)","v":0.10375397594548143},{"$f":"SUM(N20:N22)","v":0.10649710890729971}]
[]
[]
[]
[null,"RoRE based on Actual Gearing"]
[]
[null,"Allowed Equity Return","%",{"$f":"D48/D$66","v":5.0384823527299803E-2},5.5227318217003121E-2,5.3526661602767242E-2,5.7076495109603588E-2,6.2836459164045816E-2,6.3691772089826723E-2,6.4842213320272443E-2,6.5256192262880194E-2,null,{"$f":"AVERAGE(D48:INDEX(D48:K48,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":5.7765024367906634E-2},{"$f":"AVERAGE(D48:K48)/AVERAGE($D$66:$K$66)","v":5.8623942568434777E-2}]
[null,{"$f":"B49","v":"Totex outperformance"},"%",1.2713351863424144E-2,-3.9867331099228765E-3,2.0122368316749122E-2,2.3678631046355682E-2,2.4132612929977294E-2,2.2568142129223919E-2,1.6689349568396517E-2,5.4700086414809383E-2,null,{"$f":"AVERAGE(D49:INDEX(D49:K49,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.6234229132079499E-2},2.0644626199968381E-2]
[null,"IQI Reward","%",1.0598680046630408E-3,1.2150549290477369E-3,1.1543992324984291E-3,1.2086288112912299E-3,1.3814909944123159E-3,1.3960282260686344E-3,1.4156531711513784E-3,1.3492622947455682E-3,null,{"$f":"AVERAGE(D50:INDEX(D50:K50,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.2503001401564691E-3},1.2616468883447044E-3]
[null,"Broad Measure of Customer Satisfaction ","%",1.235324902558783E-3,1.1458896153065329E-3,1.2652677058066454E-3,1.2051209065787776E-3,9.8885287559184547E-4,2.0440855819699446E-3,1.7247571409632566E-3,3.0580315713980748E-3,null,{"$f":"AVERAGE(D51:INDEX(D51:K51,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.3576174865110853E-3},1.5525826276506696E-3]
[null,"Shrinkage Allowance Revenue Adjustment","%",3.7282891067675207E-4,3.2758399957680598E-4,3.5772229327065579E-4,3.0247806965360744E-4,3.4983951166300955E-4,5.4039670581960389E-4,5.4765686284595852E-4,2.7272184957609976E-4,null,{"$f":"AVERAGE(D52:INDEX(D52:K52,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":3.9479778518490549E-4},3.8080086982925586E-4]
[null,"Environment Emissions Incentive ","%",1.1767591951709322E-3,1.5418921566633188E-3,2.1921089644080108E-3,1.8384640831014759E-3,2.0731670416462579E-3,2.5242726621246252E-3,5.0939895842409865E-3,4.1427968843093946E-3,null,{"$f":"AVERAGE(D53:INDEX(D53:K53,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":2.2755348406465537E-3},2.4896303431026562E-3]
[null,"Discretionary Reward Scheme","%",5.3729378267282765E-5,5.9791185746658239E-5,3.7424696463255699E-5,3.9622321728610937E-5,4.3420057897017659E-5,0,0,0,null,{"$f":"AVERAGE(D54:INDEX(D54:K54,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":3.489387859674998E-5},3.0893035492715697E-5]
[null,"NTS Exit Capacity","%",4.3754568226886224E-4,2.0504044063982298E-3,3.0099262416602877E-3,2.4752762760186942E-3,2.6838003453945993E-3,2.740721689342372E-3,2.2866282734759192E-3,1.7103262871946742E-3,null,{"$f":"AVERAGE(D55:INDEX(D55:K55,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":2.1946269174734955E-3},2.1390982426786292E-3]
[null,"Network Innovation ","%",-8.1655394994965884E-5,-2.142648199585949E-4,-3.1523922206123407E-4,-3.910898781725534E-4,-3.4527143418369027E-4,-2.3010197037218525E-4,-3.783306120415899E-4,-2.8400342787057915E-4,null,{"$f":"AVERAGE(D56:INDEX(D56:K56,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-2.7350347576780289E-4},-2.7470737349005259E-4]
[null,"Penalties and fines","%",-7.821788527253798E-4,-8.9881489587624477E-4,-3.0334443394952523E-4,-3.480259554736355E-4,-5.4662992743792049E-4,-9.2301723359424447E-4,-6.1914624200680945E-4,-6.5463954343785661E-4,null,{"$f":"AVERAGE(D57:INDEX(D57:K57,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-6.3037437600425839E-4},-6.3315655820065059E-4]
[null,"RoRE - Operational performance","%",{"$f":"SUM(D29:D38)","v":6.6570397216609248E-2},5.6468121683984684E-2,8.1047295397612878E-2,8.7085600790685475E-2,9.3597741559006534E-2,9.4352299880409413E-2,9.1602771067298056E-2,0.12955077459360492,null,{"$f":"SUM(M29:M38)","v":8.0603146696783312E-2},{"$f":"SUM(N29:N38)","v":8.621535684381107E-2}]
[null,"Debt performance - at actual gearing","%",{"$f":"(D59+D60)/D$66","v":2.181084736550741E-2},-1.0676342482778099E-2,8.4840729213957588E-3,1.2753482900978415E-2,3.5069144650297264E-2,1.9374828828318306E-2,2.7150556129570142E-3,-7.6413034597435769E-3,null,{"$f":"(AVERAGE(D59:INDEX(D59:K59,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))+AVERAGE(D60:INDEX(D60:K60,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0))))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.2629521365883755E-2},{"$f":"(AVERAGE(D59:K59)+AVERAGE(D60:K60))/AVERAGE($D$66:$K$66)","v":1.0305320303172095E-2}]
[null,"Tax performance - at actual gearing","%",{"$f":"(D61+D62)/D$66","v":-1.6184763361140528E-3},-5.0184146460895201E-3,-5.7049181208776152E-4,1.865507705319927E-3,-2.9444862075987434E-3,-2.3051325217740347E-3,-9.6149700737874276E-4,8.3455230764252291E-4,null,{"$f":"(AVERAGE(D61:INDEX(D61:K61,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))+AVERAGE(D62:INDEX(D62:K62,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0))))/AVERAGE($D$66:INDEX($D$66:$K$66,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-1.6412489702948162E-3},{"$f":"(AVERAGE(D61:K61)+AVERAGE(D62:K62))/AVERAGE($D$66:$K$66)","v":-1.3573799116480239E-3}]
[null,{"$f":"B63","v":"RoRE - including financing and tax"},"%",{"$f":"SUM(D39:D41)","v":8.6762768246002611E-2},4.0773364555117063E-2,8.8960876506920875E-2,0.10170459139698382,0.12572240000170506,0.1114219961869537,9.3356329672876326E-2,0.12274402344150387,null,{"$f":"SUM(M39:M41)","v":9.1591419092372256E-2},{"$f":"SUM(N39:N41)","v":9.5163297235335134E-2}]
[]
[]
[null,"RoRE input values"]
[null,{"$f":"\"Input values provided in \"&'RFPR cover'!C14&\" prices\"","v":"Input values provided in £m 09/10 prices"}]
[]
[null,"Equity Return on the RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R9 - RAV'!D50","v":30.134947319662384},{"$f":"'R9 - RAV'!E50","v":29.682419494755045},{"$f":"'R9 - RAV'!F50","v":29.541879234530217},{"$f":"'R9 - RAV'!G50","v":29.753881142996125},{"$f":"'R9 - RAV'!H50","v":29.891489298247983},{"$f":"'R9 - RAV'!I50","v":29.957350956274681},{"$f":"'R9 - RAV'!J50","v":30.014871307722391},{"$f":"'R9 - RAV'!K50","v":30.573549385087585},null,{"$f":"SUM(D48:INDEX(D48:K48,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":208.9768387541888},{"$f":"SUM(D48:K48)","v":239.55038813927638}]
[null,"Totex outperformance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R4 - Totex'!D35+'R4 - Totex'!D63","v":7.6038013401602154},{"$f":"'R4 - Totex'!E35+'R4 - Totex'!E63","v":-2.1427056102450313},{"$f":"'R4 - Totex'!F35+'R4 - Totex'!F63","v":11.105728564536657},{"$f":"'R4 - Totex'!G35+'R4 - Totex'!G63","v":12.343630638658151},{"$f":"'R4 - Totex'!H35+'R4 - Totex'!H63","v":11.479955279656011},{"$f":"'R4 - Totex'!I35+'R4 - Totex'!I63","v":10.614899413424192},{"$f":"'R4 - Totex'!J35+'R4 - Totex'!J63","v":7.7253482547055814},{"$f":"'R4 - Totex'!K35+'R4 - Totex'!K63","v":25.627848260509584},null,{"$f":"SUM(D49:INDEX(D49:K49,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":58.73065788089577},84.358506141405357]
[null,"IQI Reward",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R4 - Totex'!D79","v":0.63390251767004813},{"$f":"'R4 - Totex'!E79","v":0.65304221312091515},{"$f":"'R4 - Totex'!F79","v":0.63712403676488361},{"$f":"'R4 - Totex'!G79","v":0.63005617160099847},{"$f":"'R4 - Totex'!H79","v":0.65717934817578083},{"$f":"'R4 - Totex'!I79","v":0.65662025315014949},{"$f":"'R4 - Totex'!J79","v":0.65529298851360052},{"$f":"'R4 - Totex'!K79","v":0.63215054344054233},null,{"$f":"SUM(D50:INDEX(D50:K50,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":4.5232175289963763},5.1553680724369189]
[null,{"$f":"'R5 - Output Incentives'!B39","v":"Broad Measure of Customer Satisfaction "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R5 - Output Incentives'!D39","v":0.73884253739830485},{"$f":"'R5 - Output Incentives'!E39","v":0.61586869242077913},{"$f":"'R5 - Output Incentives'!F39","v":0.69831341326092755},{"$f":"'R5 - Output Incentives'!G39","v":0.62822750675963368},{"$f":"'R5 - Output Incentives'!H39","v":0.4704002348561398},{"$f":"'R5 - Output Incentives'!I39","v":0.96143327708596649},{"$f":"'R5 - Output Incentives'!J39","v":0.79837440723051867},{"$f":"'R5 - Output Incentives'!K39","v":1.4327357454853966},null,{"$f":"SUM(D51:INDEX(D51:K51,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":4.9114600690122696},6.3441958144976667]
[null,{"$f":"'R5 - Output Incentives'!B40","v":"Shrinkage Allowance Revenue Adjustment"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R5 - Output Incentives'!D40","v":0.22298737587923723},{"$f":"'R5 - Output Incentives'!E40","v":0.17606297044883112},{"$f":"'R5 - Output Incentives'!F40","v":0.19743037340394448},{"$f":"'R5 - Output Incentives'!G40","v":0.1576813102408251},{"$f":"'R5 - Output Incentives'!H40","v":0.16641968943028276},{"$f":"'R5 - Output Incentives'!I40","v":0.25417496233298226},{"$f":"'R5 - Output Incentives'!J40","v":0.25350538510956788},{"$f":"'R5 - Output Incentives'!K40","v":0.1277744631929785},null,{"$f":"SUM(D52:INDEX(D52:K52,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.4282620668456707},1.5560365300386492]
[null,{"$f":"'R5 - Output Incentives'!B41","v":"Environment Emissions Incentive "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R5 - Output Incentives'!D41","v":0.70381463845338965},{"$f":"'R5 - Output Incentives'!E41","v":0.82870382425454514},{"$f":"'R5 - Output Incentives'!F41","v":1.2098460161043298},{"$f":"'R5 - Output Incentives'!G41","v":0.95838824211658191},{"$f":"'R5 - Output Incentives'!H41","v":0.98621168766154765},{"$f":"'R5 - Output Incentives'!I41","v":1.1872887119853868},{"$f":"'R5 - Output Incentives'!J41","v":2.3579614881231987},{"$f":"'R5 - Output Incentives'!K41","v":1.940965305247645},null,{"$f":"SUM(D53:INDEX(D53:K53,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":8.23221460869898},10.173179913946624]
[null,{"$f":"'R5 - Output Incentives'!B42","v":"Discretionary Reward Scheme"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R5 - Output Incentives'!D42","v":3.2135311195949541E-2},{"$f":"'R5 - Output Incentives'!E42","v":3.2135311195949541E-2},{"$f":"'R5 - Output Incentives'!F42","v":2.0655049842474998E-2},{"$f":"'R5 - Output Incentives'!G42","v":2.0655049842474998E-2},{"$f":"'R5 - Output Incentives'!H42","v":2.0655049842474998E-2},{"$f":"'R5 - Output Incentives'!I42","v":0},{"$f":"'R5 - Output Incentives'!J42","v":0},{"$f":"'R5 - Output Incentives'!K42","v":0},null,{"$f":"SUM(D54:INDEX(D54:K54,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0.12623577191932409},0.12623577191932409]
[null,{"$f":"'R5 - Output Incentives'!B43","v":"NTS Exit Capacity"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R5 - Output Incentives'!D43","v":0.26169419999999999},{"$f":"'R5 - Output Incentives'!E43","v":1.1020083119999999},{"$f":"'R5 - Output Incentives'!F43","v":1.6612072353},{"$f":"'R5 - Output Incentives'!G43","v":1.2903573699000002},{"$f":"'R5 - Output Incentives'!H43","v":1.2766917545999998},{"$f":"'R5 - Output Incentives'!I43","v":1.2890952603000001},{"$f":"'R5 - Output Incentives'!J43","v":1.0584594486000001},{"$f":"'R5 - Output Incentives'!K43","v":0.8013146859000001},null,{"$f":"SUM(D55:INDEX(D55:K55,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":7.939513580699999},8.7408282665999995]
[null,"Network Innovation ",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"-'R6 - Innovation'!D28","v":-4.8837742285755152E-2},{"$f":"-'R6 - Innovation'!E28","v":-0.11515855692991303},{"$f":"-'R6 - Innovation'!F28","v":-0.17398355789928016},{"$f":"-'R6 - Innovation'!G28","v":-0.20387449735709268},{"$f":"-'R6 - Innovation'!H28","v":-0.16424664147527052},{"$f":"-'R6 - Innovation'!I28","v":-0.1082281942547946},{"$f":"-'R6 - Innovation'!J28","v":-0.17512580232436237},{"$f":"-'R6 - Innovation'!K28","v":-0.13306005953513894},null,{"$f":"SUM(D56:INDEX(D56:K56,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-0.98945499252646862},-1.1225150520616076]
[null,"Penalties and fines",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"-'R13 - Other Activities'!D8","v":-0.46781782432287272},{"$f":"-'R13 - Other Activities'!E8","v":-0.48307615956842659},{"$f":"-'R13 - Other Activities'!F8","v":-0.16741870996379332},{"$f":"-'R13 - Other Activities'!G8","v":-0.18142534670279498},{"$f":"-'R13 - Other Activities'!H8","v":-0.26003347170557889},{"$f":"-'R13 - Other Activities'!I8","v":-0.43414008274844618},{"$f":"-'R13 - Other Activities'!J8","v":-0.28659716908035132},{"$f":"-'R13 - Other Activities'!K8","v":-0.30670889177996785},null,{"$f":"SUM(D57:INDEX(D57:K57,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-2.2805087640922643},-2.587217655872232]
[null,"RoRE - Operational performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D48:D57)","v":39.815469673810895},30.349300491452698,44.730781655880364,45.397577588054908,44.524722229289374,44.37849455755012,42.402090308600151,60.696569437548625,null,{"$f":"SUM(M48:M57)","v":291.59843650463847},{"$f":"SUM(N48:N57)","v":352.29500594218706}]
[null,"Debt performance - at notional gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R7 - Financing'!D90+'R10 - Tax'!D90","v":11.582794528515127},{"$f":"'R7 - Financing'!E90+'R10 - Tax'!E90","v":-8.7128723036981768},{"$f":"'R7 - Financing'!F90+'R10 - Tax'!F90","v":3.1526957008185166},{"$f":"'R7 - Financing'!G90+'R10 - Tax'!G90","v":5.6889002198403507},{"$f":"'R7 - Financing'!H90+'R10 - Tax'!H90","v":16.565355940959037},{"$f":"'R7 - Financing'!I90+'R10 - Tax'!I90","v":8.8645801550779613},{"$f":"'R7 - Financing'!J90+'R10 - Tax'!J90","v":0.81226000562308076},{"$f":"'R7 - Financing'!K90+'R10 - Tax'!K90","v":-3.9346468002051038},null,{"$f":"SUM(D59:INDEX(D59:K59,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":37.953714247135899},{"$f":"SUM(D59:K59)","v":34.019067446930798}]
[null,"Debt performance - impact of actual gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R7 - Financing'!D92+'R10 - Tax'!D91","v":1.4621799368739943},{"$f":"'R7 - Financing'!E92+'R10 - Tax'!E91","v":2.9747758964399198},{"$f":"'R7 - Financing'!F92+'R10 - Tax'!F91","v":1.5297457247432078},{"$f":"'R7 - Financing'!G92+'R10 - Tax'!G91","v":0.95946901983107757},{"$f":"'R7 - Financing'!H92+'R10 - Tax'!H91","v":0.11713979414241571},{"$f":"'R7 - Financing'!I92+'R10 - Tax'!I91","v":0.24834805971711632},{"$f":"'R7 - Financing'!J92+'R10 - Tax'!J91","v":0.44451456519090204},{"$f":"'R7 - Financing'!K92+'R10 - Tax'!K91","v":0.35457630280646241},null,{"$f":"SUM(D60:INDEX(D60:K60,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":7.7361729969386337},{"$f":"SUM(D60:K60)","v":8.0907492997450969}]
[null,"Tax performance - at notional gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R10 - Tax'!D83-'R10 - Tax'!D90","v":-0.96800377003386284},{"$f":"'R10 - Tax'!E83-'R10 - Tax'!E90","v":-2.6971921420944747},{"$f":"'R10 - Tax'!F83-'R10 - Tax'!F90","v":-0.31485991676554903},{"$f":"'R10 - Tax'!G83-'R10 - Tax'!G90","v":0.97248603700778213},{"$f":"'R10 - Tax'!H83-'R10 - Tax'!H90","v":-1.4007007895447674},{"$f":"'R10 - Tax'!I83-'R10 - Tax'!I90","v":-1.084216401737351},{"$f":"'R10 - Tax'!J83-'R10 - Tax'!J90","v":-0.44506822733965012},{"$f":"'R10 - Tax'!K83-'R10 - Tax'!K90","v":0.39100084309794003},null,{"$f":"SUM(D61:INDEX(D61:K61,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-5.9375552105078722},{"$f":"SUM(D61:K61)","v":-5.5465543674099322}]
[null,"Tax performance - impact of actual gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R10 - Tax'!D85-'R10 - Tax'!D91","v":-1.7763568394002505E-15},{"$f":"'R10 - Tax'!E85-'R10 - Tax'!E91","v":8.8817841970012523E-16},{"$f":"'R10 - Tax'!F85-'R10 - Tax'!F91","v":8.8817841970012523E-16},{"$f":"'R10 - Tax'!G85-'R10 - Tax'!G91","v":1.7763568394002505E-15},{"$f":"'R10 - Tax'!H85-'R10 - Tax'!H91","v":-1.7763568394002505E-15},{"$f":"'R10 - Tax'!I85-'R10 - Tax'!I91","v":2.0539125955565396E-15},{"$f":"'R10 - Tax'!J85-'R10 - Tax'!J91","v":-1.0269562977782698E-15},{"$f":"'R10 - Tax'!K85-'R10 - Tax'!K91","v":8.3266726846886741E-16},null,{"$f":"SUM(D62:INDEX(D62:K62,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.0269562977782698E-15},{"$f":"SUM(D62:K62)","v":1.8596235662471372E-15}]
[null,"RoRE - including financing and tax",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D58:D62)","v":51.892440369166152},21.914011942099965,49.098363164676542,53.018432864734116,59.806517174846064,52.407206370607845,43.213796652074485,57.50749978324793,null,{"$f":"SUM(M58:M62)","v":331.35076853820516},{"$f":"SUM(N58:N62)","v":388.85826832145301}]
[]
[null,"NPV-neutral equity element of RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R9 - RAV'!D46","v":449.77533312928927},{"$f":"'R9 - RAV'!E46","v":443.02118648888126},{"$f":"'R9 - RAV'!F46","v":440.92357066463006},{"$f":"'R9 - RAV'!G46","v":444.08777825367349},{"$f":"'R9 - RAV'!H46","v":446.14163131713406},{"$f":"'R9 - RAV'!I46","v":447.12464113842805},{"$f":"'R9 - RAV'!J46","v":447.98315384660282},{"$f":"'R9 - RAV'!K46","v":456.32163261324752}]
[null,"Equity RAV based on actual gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"'R8 - Net Debt'!D62","v":598.09572029828564},{"$f":"'R8 - Net Debt'!E62","v":537.45900494615296},{"$f":"'R8 - Net Debt'!F62","v":551.90961569333047},{"$f":"'R8 - Net Debt'!G62","v":521.29832229291515},{"$f":"'R8 - Net Debt'!H62","v":475.70295487546332},{"$f":"'R8 - Net Debt'!I62","v":470.34883742950007},{"$f":"'R8 - Net Debt'!J62","v":462.89091273721931},{"$f":"'R8 - Net Debt'!K62","v":468.51568142260112}]

{"sheet":"R2 - Revenue","index":5,"n_rows":68,"n_cols":11,"rows_kept":68,"cut":false,"hidden":false,"merged":[]}
["R2 - Revenue"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"Allowed Revenue - per latest submitted Revenue Return"]
[]
[null,"Opening Base Revenue Allowance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},281.89999999999998,276.3,276.3,268.5,271.60000000000002,271.89999999999998,272.2]
[null,"MOD",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,-2.2000000000000002,-5.2,-5.4,-13.3,-11.8,-19.8]
[null,"True Up",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0.96399705000000002,-3.8740538600000001,-5.9321907500000002,-1.0411593000000001,0.6759188999508543]
[null,"Retail Price Index Forecast (RPIF term)","Index",1.1630163330372321,1.2050838144310987,1.2266528212575318,1.2327332873088215,1.270922538158505,1.314024254388422,1.358588447714592]
[null,"Nominal Base Revenue","£m nominal",{"$f":"SUM(D10:D12)*D13","v":327.85430428319569},330.31347353556419,333.72806954398334,319.5564527409017,320.73993668151144,340.40959999354641,343.8260198122282,0]
[null,"Incentive revenue adjustment","£m nominal",{"$f":"'R5 - Output Incentives'!D102","v":0.16362404999999999},{"$f":"'R5 - Output Incentives'!E102","v":0.14847368},{"$f":"'R5 - Output Incentives'!F102","v":2.8139224199999999},{"$f":"'R5 - Output Incentives'!G102","v":4.3284962299999998},{"$f":"'R5 - Output Incentives'!H102","v":5.9161182500000002},{"$f":"'R5 - Output Incentives'!I102","v":4.88098586},{"$f":"'R5 - Output Incentives'!J102","v":4.9583033600000004},{"$f":"'R5 - Output Incentives'!K102","v":6.1989064100000002}]
[null,"Adjustments for Allowed Pass-Through items","£m nominal",2.6405730000000002E-2,-1.8340529999999997E-2,0.51813050000000016,0.77033061000000003,2.8735911400000003,2.7937746899999998,9.5882864615954109]
[null,"Network Innovation Allowance","£m nominal",{"$f":"'R6 - Innovation'!D12","v":0.45919384999999996},{"$f":"'R6 - Innovation'!E12","v":1.2328882700000001},{"$f":"'R6 - Innovation'!F12","v":1.5396367},{"$f":"'R6 - Innovation'!G12","v":1.2172499999999999},{"$f":"'R6 - Innovation'!H12","v":1.18290926},{"$f":"'R6 - Innovation'!I12","v":0.78304416570000002},{"$f":"'R6 - Innovation'!J12","v":0.98043903886331396},{"$f":"'R6 - Innovation'!K12","v":1.1283293207805352}]
[null,"Low Carbon Networks Fund revenue adjustment","£m nominal",{"$f":"'R6 - Innovation'!D17","v":0},{"$f":"'R6 - Innovation'!E17","v":0},{"$f":"'R6 - Innovation'!F17","v":0},{"$f":"'R6 - Innovation'!G17","v":0},{"$f":"'R6 - Innovation'!H17","v":0},{"$f":"'R6 - Innovation'!I17","v":0},{"$f":"'R6 - Innovation'!J17","v":0},{"$f":"'R6 - Innovation'!K17","v":0}]
[null,"NTS Exit Capacity Cost Adjustment","£m nominal",0,0,0.13100146000000001,-0.31764052000000004,-1.1083153700000001,5.7493250000000003E-2,0.96761951000000002]
[null,"Shrinkage Cost Adjustment ","£m nominal",0,0,-1.34636058,-3.63302646,-5.0064235300000002,-2.6925855800000003,-1.99450981]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"Correction factor","£m nominal",10.727948230000001,0,11.77971338,0.66589246000000002,-0.99189731000000003,2.61556553,2.1209532499999999]
[null,"Allowed Network Revenue","£m nominal",{"$f":"SUM(D14:D24,-D25)","v":317.77557968319576},331.67649495556418,325.60468666398333,321.25597014090164,325.58971374151139,343.6167468492464,356.20520512268695,7.3272357307805356]
[]
[null,"(Under) / Over recovery",null,{"$f":"IF(ISBLANK(D33),0,D33-D26)","v":11.322292746804237},0.6400350444358196,-0.95491326398337151,2.5216986890983435,2.0382566584885922,1.3779280907535849,3.4610339373130614,0]
[]
[]
[null,"Reconciliation: Regulated Network Revenue to Accounts"]
[]
[null,"Collected Regulated Network Revenue",null,329.09787243,332.31653,324.64977339999996,323.77766882999998,327.62797039999998,344.99467493999998,359.66623906000001]
[]
[null,"Other Turnover Items"]
[null,"Network Innovation Competition (NIC) payments received from SO","£m nominal",0,0,0,0,0,0,0]
[null,"Legacy Metering Equipment charges","£m nominal",0,0,0,0,0,0,0]
[null,"Directly Remunerated Services revenue","£m nominal",0,0,0,0,0,0,0]
[null,"Network Asset Secondary Deliverables incentive/penalty","£m nominal",0,0,0,0,0,0,0]
[null,"Charging outside the Distribution Services Area (Out of Area Charges)","£m nominal",0,0,0,0,0,0,0]
[null,"De Minimis Business of the licensee","£m nominal",0.20363557061088888,0.8514264384001653,0.80727729100644741,1.8018078503144244,2.4372904077309423,2.1848844592013221,1.3612481631013928]
[null,"Other consented activities","£m nominal",0,0,0,0,0,0,0]
[null,"Data Services revenue","£m nominal",0,0,0,0,0,0,0]
[null,"[Input description, add additional rows as required]","£m nominal",0,0,0,0,0,0,0]
[null,"Total Other Turnover Items","£m nominal",{"$f":"SUM(D36:D44)","v":0.20363557061088888},0.8514264384001653,0.80727729100644741,1.8018078503144244,2.4372904077309423,2.1848844592013221,1.3612481631013928,0]
[]
[null,"Other adjustments - please list"]
[null,"Excluded Services (Inc. Customer Contributions)","£m nominal",3.4279635749453599,2.7140610607950646,2.4575895987022802,2.7496040314990458,3.6648060941137022,2.950798737291898,2.9962373582340396]
[null,"Meter Reading and metering","£m nominal",7.4316421476549612,6.7257133455333706,5.7144981521255644,3.2588780908711299,3.06160685,2.75355398,2.6041860699999999]
[null,"Services provided under consents","£m nominal",1.5332668182416067,1.8449816819063778,1.6750214156332253,1.570686397243056,0.64766735117268415,0.794632924480692,0.79027705456612984]
[null,"Other transportation Revenue","£m nominal",0,0,0,4.2862092369999993E-2,-4.2862092369999993E-2,0.10654678004141138,7.8226370633490264E-2]
[null,"Customer contributions","£m nominal",3.4143739999999978E-2,-2.2204460492503131E-16,0,0,0,0,0]
[null,"Xoserve","£m nominal",18.21307234,19.351176259999999,18.513168369999999,0,0,0,0]
[null,"Elimination of Inter Group/Business Trading","£m nominal",-45.707342586693898,-36.434556936893401,-27.357920700000001,0,0,0,0]
[null,"Revenue classified as expenditure","£m nominal",0,0,0,1.1630957747604498,0,0,0]
[null,"Other three network revenues","£m nominal",1555.5214359008532,1520.9961528649364,1584.300039484227,1552.7126100247117,1514.4831226859035,1638.5216635589845,1741.6721599905538]
[null,"Metering","£m nominal",321,309,300,0,0,0,0]
[null,"IFRS 15 Contribution released","£m nominal",0,0,0,0,0,2.4052503400000003,4.0817589099999996]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"Roundings","£m nominal",0.19822381769401803,0.59170317561477226,0.20971649820064042,-0.10628409177000779,7.2889422389428124E-2,0.28799428000024802,1.749667022911126]
[null,"Total other adjustments","£m nominal",{"$f":"SUM(D48:D63)","v":1861.6524057526954},1824.7892314518926,1885.5121128188887,1561.3914523196854,1521.8872303112094,1647.8204406007987,1753.9725127768986,0]
[]
[null,"Reconciled total revenue","£m nominal",{"$f":"D33+D45+D64","v":2190.9539137533061},2157.957187890293,2210.9691635098952,1886.9709289999998,1851.9524911189403,1995,2115,0]
[null,"Turnover as per Profit and Loss (Accounts)","£m nominal",2191,2158,2211,1887,1852,1995,2115]
[null,"Check",null,{"$f":"IF(ABS(D66-D67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"},{"$f":"IF(ABS(E66-E67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"},{"$f":"IF(ABS(F66-F67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"},{"$f":"IF(ABS(G66-G67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"},{"$f":"IF(ABS(H66-H67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"},{"$f":"IF(ABS(I66-I67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"},{"$f":"IF(ABS(J66-J67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"},{"$f":"IF(ABS(K66-K67)<'RFPR cover'!$F$14,\"OK\",\"Error\")","v":"OK"}]

{"sheet":"R3 - Rec to totex","index":6,"n_rows":93,"n_cols":11,"rows_kept":93,"cut":false,"hidden":false,"merged":[]}
["R3 - Reconciliation to totex"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"N/A"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"Total Expenditure Per Accounts"]
[null,"Tangible Fixed Asset Additions","£m nominal",509,520,581,549,610,706,815]
[null,"Intangible Asset Additions (under IFRS) - IT Software","£m nominal",35,40,24,11,2,30,46]
[null,"Disposals (cash proceeds)\n[If Statutory Accounts treat this as an exceptional item, leave the input blank]","£m nominal",0,0,0,0,0,-2,-1]
[null,"Customer Contributions Additions","£m nominal",-21.088300859999997,-20.504847059999996,-22.986581709999996,-39.204288600000055,-59,-109,-94]
[null,"Capitalised interest","£m nominal",-2,-2,0,-1,0,0,0]
[null,"Revaluation of tangible fixed assets","£m nominal",0,0,0,0,0,0,0]
[1,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[2,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[3,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"Capex Incurred","£m nominal",{"$f":"SUM(D9:D17)","v":520.91169914},537.49515294000003,582.01341829,519.79571139999996,553,625,{"$f":"SUM(J9:J17)","v":766},0]
[null,"Operational Costs Incurred","£m nominal",1187,1153,1178,1129,1128,1182,1191]
[1,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[2,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[3,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"Total Expenditure Incurred","£m nominal",{"$f":"SUM(D18:D22)","v":1707.9116991400001},1690.49515294,1760.0134182900001,1648.7957114000001,1681,1807,1957,0]
[]
[null,"Reconciling Items to Total Net costs after non-price control allocations","£m nominal"]
[1,"Total expenditure relating to excluded services (deminimis, excluded, consented and meter reading)","£m nominal",-88.774791660000005,-86.6471708248,-66.48738516904001,-42.348235260000003,-33,-31.213308697214636,-29.412544884069913]
[2,"Depreciation & amortisation of Intangibles","£m nominal",-271,-287,-298,-309,-305,-319,-343]
[3,"Customer Contribution Amortisation","£m nominal",21.108361410441297,21.598685189999998,22.232259689999999,22.232259689999999,20.734517750000009,0,0]
[4,"Total expenditure relating to Metering business","£m nominal",-215,-199,-179,0,0,0,0]
[5,"Inter business unit charging elimination","£m nominal",45.707342586693883,36.434556936893372,27.357920700000001,0,0,0,0]
[6,"Profit / (Loss) on disposal","£m nominal",83,40,0,-11,0.45110357978542653,2,3]
[7,"Cadent Total GSOP Payments","£m nominal",-1.8029245628999997,-2.2699573819999999,-2.8711564699999998,-3.1122719167300001,-2.916930748,-3.3174192900000001,-5.0055712899999998]
[8,"Network Innovation Competition Costs","£m nominal",0,0,0,-3.5677410000000007E-2,-1.06975698,-0.72411406999999994,-0.99611845999999993]
[9,"Supplier of Last Resort (SoLR)","£m nominal",0,0,0,0,0,-3.1850938900000454,-3.1000725000000102]
[10,"Cash typical adjustments (provision movements)","£m nominal",-30,-1,0,-15,-1,-6,-39]
[11,"Atypical items - Separation expenditure (Opex)","£m nominal",0,0,0,-4.9190431599999727,-21.226457879999998,-17.529711290000002,-19]
[12,"Atypical items - Separation expenditure (Capex)","£m nominal",0,0,0,0,0,0,-5.9298542699999999]
[13,"Atypical Items - Grenfell investigation","£m nominal",0,0,0,0,-1.35563067,-1.0924227399999999,0.73110853000000009]
[14,"Atypical Items - Energy Savings Trust contributions","£m nominal",0,0,0,0,0,-8.9,0]
[15,"Atypical Items - HRB recovery programme costs","£m nominal",0,0,0,0,0,-3.6751768299999883,-8.3318929999999999E-2]
[16,"Atypical Items - Guaranteed minimum pensions payments","£m nominal",0,0,0,0,0,-14,0]
[17,"Atypical Items - Service transformation costs","£m nominal",0,0,0,0,0,-0.61276066000000007,0]
[18,"Atypical Items - Donation to National Energy Action ","£m nominal",0,0,-3,0,0,0,0]
[19,"Atypical items - Legal fines and penalties","£m nominal",0,0,-3,0,0,0,0]
[20,"Atypical Items - Enhanced GSOP payments","£m nominal",0,0,0,0,-1.33857,0,0]
[21,"Atypical Items - Establishment of a Community Fund","£m nominal",0,0,0,0,0,-4.1236280000000001,-5.6913419999999997]
[22,"IFRS 16 Impact","£m nominal",0,0,0,0,0,0,4.0331107200000034]
[23,"Total expenditure relating to other three networks","£m nominal",-1031.369624669119,-999.42085437702349,-1022.9796916690605,-1052.0900374874204,-1099.3306218775617,-1159.4295712363962,-1270.2172445676304]
[24,"Connections Income (including Biogas connections income)","£m nominal",-1.4665054197875833,-1.1467335941840908,-1.1467335941840908,-1.7405018380604518,-2.2246253622380707,-2.0433823710641543,-2.0169745040467633]
[25,"Ongoing Pension Costs Accrued under IAS 19 (-ve)","£m nominal",0.67498944409281469,0.13888464164784292,-0.29954229837387247,-1.0161348568076929,-1.7219263301149184,1.9129181044084909,5.9948035005768748E-4]
[26,"Incremental pension deficit funding","£m nominal",0,0,0,0,0.20867380097069982,0.2331291337276844,0.30764626303760056]
[27,"Established pension deficit recovery plan payment","£m nominal",0,0,0,0,6.6827253263324824,7.1009301355815131,9.6937197829686301]
[28,"A grossing up of costs and revenue in the regulatory accounts","£m nominal",0,0,0,-1.2460203840548885,0,0,0]
[29,"Adjustment for efficient level of fines","£m nominal",-0.59806267184572259,0,0,0,0,0,0]
[30,"Cash typical adjustments (Utilisation)","£m nominal",-1.4093652764250952,0.98037833525024765,0.73558648391068771,3.0419365466953261,-0.60224103322946287,0.65732599051539597,3.5388794120417]
[31,"Cumulative impact of rounding in reg accounts","£m nominal",1.5995991584009699,-0.27594715370010126,-0.11750338600054672,-0.28849925448145575,-7.1882730609758028E-2,1.2925506971117522,1.3246513792180394]
[null,"Total Reconciling Items","£m nominal",{"$f":"SUM(D26:D56)","v":-1489.330981660449},-1477.6081582279164,-1526.5762457127482,-1416.5222253308596,-1442.7816231546656,-1561.6497350133302,-1700.823325838131,0]
[]
[null,"Total Net costs after non-price control allocations","£m nominal",{"$f":"D57+D23","v":218.58071747955114},212.88699471208361,233.43717257725189,232.27348606914052,238.21837684533443,245.3502649866698,256.17667416186896,0]
[null,"Total Costs per latest RRP submission","£m nominal",218.58071747955145,212.88699471208375,233.43717257725172,232.29152005430333,238.21837684533455,245.44066356062311,256.17667416186896]
[null,null,"check",{"$f":"IF(D$5=\"Actuals\",IF(ABS(D59-D60)<1,\"OK\",\"ERROR\"),\"N/A\")","v":"OK"},"OK","OK","OK","OK","OK","OK","N/A"]
[null," "]
[null,"Reconciling Items to Totex"]
[1,"Shrinkage","£m nominal",6.9173560900000002,4.9331572700000006,3.7724985900000005,3.6822886748370975,4.4160545291733282,5.4931079349999994,2.5623785700000004]
[2,"Ofgem Licence","£m nominal",1.107,1.1689460049999998,1.1929881179200001,1.0063692445025649,1.3026391700000002,1.3534755882061293,1.49741992]
[3,"Network Rates","£m nominal",25.172999999999998,25.75910627,26.344998891749199,26.595543838590757,35.635180991723296,36.580501399999996,37.396698999999998]
[4,"Established pension deficit recovery plan payment","£m nominal",1.2921040779871329,2.2869999999999999,2.29789083616178,2.33765716276331,6.664352841407859,7.1009301355815131,9.6937197829686301]
[5,"PPF levy costs","£m nominal",1.6073501825037171E-2,0.13600000000000001,1.05112996499737E-2,1.1233909113210486E-2,1.8372484924623112E-2,2.9705737018425455E-2,4.1765123394751538E-2]
[6,"Pension scheme administration costs","£m nominal",0.11050532504713056,0.13600000000000001,0.11759507217032901,0.11772039024163286,0.55824545464097208,0.63804175224811488,0.99283061418202123]
[7,"NTS Pension Recharge","£m nominal",3.726,3.8562306090000003,5.4078051754189893,5.4358769483798879,3.5212606700703621,3.6395759999999999,0]
[8,"Bad debt","£m nominal",-2.9478246624199581E-2,0.14246937700000001,-0.50514608999999999,0.24798272804355498,0.5570004922773073,-8.1456635972570364E-3,-5.2823782807583451E-2]
[9,"NTS exit costs","£m nominal",20.414999999999999,20.167944907999999,19.44566975,20.833330979999999,22.332842419999999,18.848684219999999,19.48590179]
[10,"Network Innovation (ex IRM)","£m nominal",0.42399999999999999,1.4683837285813064,1.5812761830349999,1.3654912765911584,1.3143442110882742,0.87004907300000001,1.0893767098481266]
[11,"Innovation Roll-out expenditure (IRM)","£m nominal",0,0,0,0,0,0,0]
[12,"Unfunded Network Innovation","£m nominal",0,2.6789450000000003E-3,0,0.1758777870274128,0.12450503875496612,0.12188535055879865,0.24908033146732045]
[13,"SIU Gas Cost Price Differential","£m nominal",0,0,0,8.9822250000000001E-4,1.5525000000000001E-4,0,8.9822250000000001E-4]
[14,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[15,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[16,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[17,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[18,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[19,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[20,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[21,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[22,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[23,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[24,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[25,"[Input description]","£m nominal",0,0,0,0,0,0,0]
[null,"Total reconciling items not recognised in totex","£m nominal",{"$f":"SUM(D64:D88)","v":59.151560748235099},60.057917112581315,59.666087826105276,61.810271162590567,76.444953554060987,74.667811528015719,72.957246281553253,0]
[]
[null,"PCFM Totex (excluding enduring value)","£m nominal",{"$f":"D59-D89","v":159.42915673131603},152.82907759950228,173.77108475114662,170.46321490654995,161.77342329127345,170.68245345865409,183.21942788031572,0]
[null,"RRP reported totex","£m nominal",{"$f":"'R4 - Totex'!D90+'R4 - Totex'!D118","v":159.42934844175903},{"$f":"'R4 - Totex'!E90+'R4 - Totex'!E118","v":152.82844364260478},{"$f":"'R4 - Totex'!F90+'R4 - Totex'!F118","v":173.77130872965893},{"$f":"'R4 - Totex'!G90+'R4 - Totex'!G118","v":170.46321490654981},{"$f":"'R4 - Totex'!H90+'R4 - Totex'!H118","v":161.86407340692665},{"$f":"'R4 - Totex'!I90+'R4 - Totex'!I118","v":170.77285202968585},{"$f":"'R4 - Totex'!J90+'R4 - Totex'!J118","v":183.22032609551758},{"$f":"'R4 - Totex'!K90+'R4 - Totex'!K118","v":231.77735187220054}]
[null,null,"check",{"$f":"IF(D$5=\"Actuals\",IF(ABS(D91-('R4 - Totex'!D90+'R4 - Totex'!D118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"OK"},{"$f":"IF(E$5=\"Actuals\",IF(ABS(E91-('R4 - Totex'!E90+'R4 - Totex'!E118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"OK"},{"$f":"IF(F$5=\"Actuals\",IF(ABS(F91-('R4 - Totex'!F90+'R4 - Totex'!F118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"OK"},{"$f":"IF(G$5=\"Actuals\",IF(ABS(G91-('R4 - Totex'!G90+'R4 - Totex'!G118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"OK"},{"$f":"IF(H$5=\"Actuals\",IF(ABS(H91-('R4 - Totex'!H90+'R4 - Totex'!H118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"OK"},{"$f":"IF(I$5=\"Actuals\",IF(ABS(I91-('R4 - Totex'!I90+'R4 - Totex'!I118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"OK"},{"$f":"IF(J$5=\"Actuals\",IF(ABS(J91-('R4 - Totex'!J90+'R4 - Totex'!J118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"OK"},{"$f":"IF(K$5=\"Actuals\",IF(ABS(K91-('R4 - Totex'!K90+'R4 - Totex'!K118))<'RFPR cover'!$F$14,\"OK\",\"Error\"),\"N/A\")","v":"N/A"}]

{"sheet":"R4 - Totex","index":7,"n_rows":149,"n_cols":14,"rows_kept":149,"cut":false,"hidden":false,"merged":[[13,14,13,16],[41,14,41,16],[91,14,91,16],[119,14,119,16]]}
["R4 - Totex"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021,{"$f":"\"Cumulative to \"&'RFPR cover'!$C$7","v":"Cumulative to 2020"},"RIIO-1 period","Enduring Value Appendix in Commentary"]
[]
[null,"Totex per the latest RRP submission"]
[]
[null,{"$f":"Data!B48","v":"Totex excluding repex"}]
[]
[null,"Latest Totex actuals/forecast",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},85.060481570598597,83.817201193987543,77.220513654658731,79.630517697549621,73.841231478481419,79.326986208747954,80.952789717601121,83.526763852517718,{"$f":"SUM(D12:INDEX(D12:K12,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":559.84972152162493},{"$f":"SUM(D12:K12)","v":643.3764853741427}]
[null,"Totex allowance \n   including allowed adjustments and uncertainty mechanisms",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},90.742499133863248,91.218608159605338,85.272953407472713,83.723399057448248,86.435103859810226,85.389268791383998,84.204745660016982,78.211002626099585,{"$f":"SUM(D13:INDEX(D13:K13,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":606.9865780696008},{"$f":"SUM(D13:K13)","v":685.19758069570037}]
[null,"Totex out(under)performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D13-D12","v":5.682017563264651},7.4014069656177952,8.0524397528139815,4.0928813598986267,12.593872381328808,6.062282582636044,3.2519559424158615,-5.3157612264181324,47.136856547975867,41.821095321557664]
[]
[null,"Funding Adjustment Rate (often referred to as 'sharing factor')","%",{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004}]
[]
[null,"Customer share of out(under) performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D14*D16","v":2.1000736913826152},2.7355600144923375,2.9761817326400477,1.5127289506185326,4.6546952321391277,2.2406196425422822,1.2019229163169025,-1.964705349284142,{"$f":"SUM(D18:INDEX(D18:K18,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":17.421782180131846},{"$f":"SUM(D18:K18)","v":15.457076830847704}]
[null,"NWO share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D14*(1-D16)","v":3.5819438718820358},4.6658469511254577,5.0762580201739338,2.5801524092800943,7.9391771491896801,3.8216629400937618,2.050033026098959,-3.3510558771339904,{"$f":"SUM(D19:INDEX(D19:K19,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":29.715074367843922},{"$f":"SUM(D19:K19)","v":26.364018490709931}]
[]
[null,"Enduring Value adjustments to Totex performance"]
["a","Gas Holders",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},1.9250000000000003,-0.27500000000000002,-0.27500000000000002,-0.27500000000000002,-0.27500000000000002,-0.27500000000000002,-0.27500000000000002,-0.27500000000000002,{"$f":"SUM(D22:INDEX(D22:K22,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0.27500000000000047},{"$f":"SUM(D22:K22)","v":4.4408920985006262E-16}]
["b","Capex Enduring Value",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},-6.2289864573905787,-5.855507244124099,-2.8949975797273968,0.57885504832639156,-4.4241153538317537,6.8085472148793041E-2,2.7169816097330437,16.039684504865633,{"$f":"SUM(D23:INDEX(D23:K23,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-16.039684504865601},3.1974423109204508E-14]
["c","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D24:INDEX(D24:K24,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["d","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D25:INDEX(D25:K25,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["e","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D26:INDEX(D26:K26,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["f","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D27:INDEX(D27:K27,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Total enduring value adjustments",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D22:D27)","v":-4.3039864573905788},-6.1305072441240993,-3.1699975797273967,0.30385504832639154,-4.699115353831754,-0.20691452785120698,2.4419816097330438,15.764684504865633,{"$f":"SUM(D28:INDEX(D28:K28,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-15.764684504865599},3.3750779948604759E-14]
[]
[null,"Enduring Value: Customer share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D28*D16","v":-1.5907533946515582},-2.2658354774282672,-1.1716311054672459,0.11230482586143432,-1.7367930347762164,-7.6475609493806107E-2,0.90255640295733308,5.8266273929983381,{"$f":"SUM(D30:INDEX(D30:K30,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-5.8266273929983265},{"$f":"SUM(D30:K30)","v":1.1546319456101628E-14}]
[null,"Enduring Value: NWO share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D28*(1-D16)","v":-2.7132330627390209},-3.8646717666958321,-1.9983664742601508,0.1915502224649572,-2.9623223190555374,-0.13043891835740087,1.5394252067757108,9.9380571118672947,{"$f":"SUM(D31:INDEX(D31:K31,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-9.9380571118672734},{"$f":"SUM(D31:K31)","v":2.1316282072803006E-14}]
[]
[null,"Total out(under) performance (including enduring value adjustments)"]
[null,"Customer share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D18+D30","v":0.50932029673105705},0.46972453706407036,1.8045506271728018,1.6250337764799669,2.9179021973629116,2.1641440330484762,2.1044793192742355,3.8619220437141961,{"$f":"SUM(D34:INDEX(D34:K34,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":11.595154787133518},{"$f":"SUM(D34:K34)","v":15.457076830847715}]
[null,"NWO share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0.86871080914301491,0.80117518442962554,3.0778915459137828,2.7717026317450513,4.9768548301341422,3.6912240217363608,3.5894582328746698,6.5870012347333038,{"$f":"SUM(D35:INDEX(D35:K35,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":19.777017255976645},{"$f":"SUM(D35:K35)","v":26.364018490709949}]
[null,"Total",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D34:D35)","v":1.378031105874072},1.2708997214936959,4.8824421730865843,4.396736408225018,7.8947570274970538,5.8553680547848366,5.6939375521489053,10.4489232784475,{"$f":"SUM(D36:INDEX(D36:K36,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":31.372172043110169},{"$f":"SUM(D36:K36)","v":41.821095321557671}]
[]
[null,{"$f":"Data!B51","v":"Repex"}]
[]
[null,"Latest Totex actuals/forecast",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},51.590621881205571,44.657962342555564,67.302788973273408,59.167395034689584,53.200999110633276,50.733393180077023,55.06643703094705,84.67169521728934,{"$f":"SUM(D40:INDEX(D40:K40,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":381.71959755338145},{"$f":"SUM(D40:K40)","v":466.39129277067082}]
[null,"Totex allowance \n   including allowed adjustments and uncertainty mechanisms",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},69.546043509774364,69.046877664713264,69.406199536594258,69.28097171691708,69.532218753554261,68.540797844068479,71.425035553293895,71.609480124964847,{"$f":"SUM(D41:INDEX(D41:K41,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":486.77814457891566},{"$f":"SUM(D41:K41)","v":558.38762470388053}]
[null,"Totex out(under)performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D41-D40","v":17.955421628568793},24.3889153221577,2.1034105633208497,10.113576682227496,16.331219642920985,17.807404663991456,16.358598522346846,-13.062215092324493,105.05854702553421,91.996331933209717]
[]
[null,"Funding Adjustment Rate (often referred to as 'sharing factor')","%",{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004}]
[]
[null,"Customer share of out(under) performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D42*D44","v":6.6363238339190262},9.0141431030694879,0.77742054420338613,3.7379779417512831,6.0360187800235963,6.5816167638112431,6.0461380138593945,-4.8277946981231334,{"$f":"SUM(D46:INDEX(D46:K46,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":38.829638980637412},{"$f":"SUM(D46:K46)","v":34.001844282514277}]
[null,"NWO share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D42*(1-D44)","v":11.319097794649766},15.374772219088213,1.3259900191174636,6.3755987404762129,10.295200862897389,11.225787900180213,10.312460508487451,-8.2344203942013596,{"$f":"SUM(D47:INDEX(D47:K47,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":66.228908044896713},{"$f":"SUM(D47:K47)","v":57.994487650695355}]
[]
[null,"Enduring Value adjustments to Totex performance"]
["a","Repex Enduring Value",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},-7.2715851263206943,-29.058776988837039,10.631102473834725,5.0703192678250106,-6.0153877115728447,-6.8244170502734498,-9.7978592745186237,43.266604409863007,{"$f":"SUM(D50:INDEX(D50:K50,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-43.266604409862914},{"$f":"SUM(D50:K50)","v":9.2370555648813024E-14}]
["b","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D51:INDEX(D51:K51,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["c","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D52:INDEX(D52:K52,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["d","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D53:INDEX(D53:K53,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["e","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D54:INDEX(D54:K54,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["f","[Enduring Value adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D55:INDEX(D55:K55,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Total enduring value adjustments",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D50:D55)","v":-7.2715851263206943},-29.058776988837039,10.631102473834725,5.0703192678250106,-6.0153877115728447,-6.8244170502734498,-9.7978592745186237,43.266604409863007,{"$f":"SUM(D56:INDEX(D56:K56,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-43.266604409862914},9.2370555648813024E-14]
[]
[null,"Enduring Value: Customer share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D56*D44","v":-2.687577862688129},-10.740123975074171,3.9292554743293144,1.8739900013881241,-2.2232872981973237,-2.5223045417810672,-3.6212887878620839,15.991336989885369,{"$f":"SUM(D58:INDEX(D58:K58,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-15.991336989885337},{"$f":"SUM(D58:K58)","v":3.1974423109204508E-14}]
[null,"Enduring Value: NWO share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D56*(1-D44)","v":-4.5840072636325653},-18.318653013762869,6.7018469995054097,3.1963292664368863,-3.792100413375521,-4.3021125084923826,-6.1765704866565398,27.275267419977638,{"$f":"SUM(D59:INDEX(D59:K59,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-27.275267419977581},{"$f":"SUM(D59:K59)","v":5.6843418860808015E-14}]
[]
[null,"Total out(under) performance (including enduring value adjustments)"]
[null,"Customer share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D46+D58","v":3.9487459712308972},-1.7259808720046834,4.7066760185327006,5.6119679431394074,3.8127314818262725,4.0593122220301758,2.4248492259973107,11.163542291762235,{"$f":"SUM(D62:INDEX(D62:K62,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":22.838301990752079},{"$f":"SUM(D62:K62)","v":34.001844282514313}]
[null,"NWO share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},6.7350905310172005,-2.9438807946746568,8.0278370186228738,9.5719280069130992,6.5031004495218676,6.9236753916878309,4.1358900218309111,19.04084702577628,{"$f":"SUM(D63:INDEX(D63:K63,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":38.953640624919124},{"$f":"SUM(D63:K63)","v":57.994487650695405}]
[null,"Total",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D62:D63)","v":10.683836502248099},-4.6698616666793402,12.734513037155574,15.183895950052506,10.315831931348139,10.982987613718006,6.5607392478282218,30.204389317538514,{"$f":"SUM(D64:INDEX(D64:K64,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":61.791942615671218},{"$f":"SUM(D64:K64)","v":91.996331933209731}]
[]
[null,"Totex Summary"]
[]
[null,"Total out(under) performance (including enduring value adjustments)"]
[null,"Customer share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D34+D62","v":4.4580662679619545},-1.2562563349406131,6.5112266457055021,7.2370017196193741,6.7306336791891841,6.2234562550786521,4.5293285452715466,15.025464335476432,{"$f":"SUM(D69:INDEX(D69:K69,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":34.433456777885603},{"$f":"SUM(D69:K69)","v":49.458921113362038}]
[null,"NWO share of performance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},7.6038013401602154,-2.1427056102450313,11.105728564536657,12.343630638658151,11.479955279656011,10.614899413424192,7.7253482547055814,25.627848260509584,{"$f":"SUM(D70:INDEX(D70:K70,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":58.73065788089577},{"$f":"SUM(D70:K70)","v":84.358506141405357}]
[null,"Total",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D69:D70)","v":12.061867608122171},-3.3989619451856443,17.61695521024216,19.580632358277526,18.210588958845193,16.838355668502842,12.254676799977128,40.653312595986016,{"$f":"SUM(D71:INDEX(D71:K71,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":93.164114658781386},{"$f":"SUM(D71:K71)","v":133.81742725476741}]
[]
[]
[null,"IQI Additional Income"]
[null,"Additional Income is Pre-tax for Fast Track companies and Post-tax for Slow Track."]
[]
[null,"IQI Additional Income per PCFM",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!D$6,Data!$C$118:$L$118,0))","v":0.82325002294811445},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!E$6,Data!$C$118:$L$118,0))","v":0.82663571281128501},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!F$6,Data!$C$118:$L$118,0))","v":0.79640504595610451},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!G$6,Data!$C$118:$L$118,0))","v":0.78757021450124798},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!H$6,Data!$C$118:$L$118,0))","v":0.81133252861207505},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!I$6,Data!$C$118:$L$118,0))","v":0.81064228783969072},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!J$6,Data!$C$118:$L$118,0))","v":0.80900368952296353},{"$f":"INDEX(Data!$C$119:$L$146,MATCH('RFPR cover'!$C$5,Data!$B$119:$B$146,0),MATCH('R4 - Totex'!K$6,Data!$C$118:$L$118,0))","v":0.78043276967968189},{"$f":"SUM(D77:INDEX(D77:K77,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":5.664839502191481},{"$f":"SUM(D77:K77)","v":6.445272271871163}]
[null,"Corporation tax rate when recognised in allowed revenue","%",{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!D$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.23},{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!E$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.21},{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!F$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.2},{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!G$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.2},{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!H$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.19},{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!I$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.19},{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!J$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.19},{"$f":"IF(INDEX(Data!$J$73:$J$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)=\"Pre\",INDEX(Data!$G$18:$G$27,MATCH('R4 - Totex'!K$6,Data!$C$18:$C$27,0),0),\"n/a\")","v":0.19}]
[null,"Post tax",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"IF(ISNUMBER(D78),D77*(1-D78),D77)","v":0.63390251767004813},0.65304221312091515,0.63712403676488361,0.63005617160099847,0.65717934817578083,0.65662025315014949,0.65529298851360052,0.63215054344054233,{"$f":"SUM(D79:INDEX(D79:K79,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":4.5232175289963763},{"$f":"SUM(D79:K79)","v":5.1553680724369189}]
[]
[]
[]
[]
[null,"£m Nominal"]
[]
[null,{"$f":"Data!B34","v":"Financial Year Average RPI (RPIt)"},"Index",{"$f":"Data!C$34","v":1.1666890673736021},{"$f":"Data!D$34","v":1.1895563269638081},{"$f":"Data!E$34","v":1.2023757108362261},{"$f":"Data!F$34","v":1.2281396135646323},{"$f":"Data!G$34","v":1.2740965949380583},{"$f":"Data!H$34","v":1.3130274787154661},{"$f":"Data!I$34","v":1.3470178479563604},{"$f":"Data!J$34","v":1.3779992584593566}]
[]
[null,{"$f":"B10","v":"Totex excluding repex"}]
[]
[null,"Latest Totex actuals/forecast","£m nominal",{"$f":"D12*D$86","v":99.23913391395115},99.705281988706332,92.848069996658793,97.797393233020202,94.080861592766141,104.15851269576888,109.04485259146684,115.0998186502792,{"$f":"SUM(D90:INDEX(D90:K90,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":696.8741060123383},{"$f":"SUM(D90:K90)","v":811.97392466261749}]
[null,"Totex allowance \n   including forecast allowed adjustments and uncertainty mechanisms","£m nominal",105.86828168563682,108.50967247309099,102.53012796841439,102.82402296473199,110.12667151090163,112.11845631050817,113.42529528666876,107.77470362212802,{"$f":"SUM(D91:INDEX(D91:K91,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":755.4025281999526},{"$f":"SUM(D91:K91)","v":863.17723182208056}]
[null,"Totex out(under)performance","£m nominal",{"$f":"D91-D90","v":6.6291477716856662},8.8043904843846548,9.6820579717555972,5.0266297317117932,16.04580991813549,7.9599436147392879,4.3804426952019213,-7.3251150281511883,58.528422187614296,51.203307159463066]
[]
[null,"Funding Adjustment Rate (often referred to as 'sharing factor')","%",{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004}]
[]
[null,"Customer share of out(under) performance","£m nominal",{"$f":"D92*D94","v":2.4501330164150223},3.2541027230285686,3.5784886263608691,1.857842348840679,5.9305313457428772,2.9419951600076413,1.6190116201466302,-2.7073625144046796,{"$f":"SUM(D96:INDEX(D96:K96,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":21.63210484054229},{"$f":"SUM(D96:K96)","v":18.924742326137611}]
[null,"NWO share of performance","£m nominal",{"$f":"D92*(1-D94)","v":4.1790147552706438},5.5502877613560857,6.1035693453947282,3.1687873828711144,10.115278572392612,5.0179484547316466,2.7614310750552908,-4.6177525137465087,{"$f":"SUM(D97:INDEX(D97:K97,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":36.89631734707212},{"$f":"SUM(D97:K97)","v":32.278564833325611}]
[]
[null,"Enduring Value adjustments to Totex performance"]
["a",{"$f":"B22","v":"Gas Holders"},"£m nominal",{"$f":"D22*D$86","v":2.2458764546941845},-0.32712798991504727,-0.33065332047996221,-0.33773839373027392,-0.35037656360796604,-0.36108255664675321,-0.37042990818799915,-0.37894979607632306,{"$f":"SUM(D100:INDEX(D100:K100,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0.16846772212618277},{"$f":"SUM(D100:K100)","v":-0.21048207395014029}]
["b","Capex Enduring Value","£m nominal",-7.2672904006558117,-6.9654556898302333,-3.4808747727938827,0.71091481536151113,-5.6367503079302201,8.9398095832681809E-2,3.6598227208796121,22.102673353626873,{"$f":"SUM(D101:INDEX(D101:K101,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-18.890235539136341},3.2124378144905315]
["c","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D102:INDEX(D102:K102,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["d","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D103:INDEX(D103:K103,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["e","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D104:INDEX(D104:K104,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["f","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D105:INDEX(D105:K105,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Total enduring value adjustments","£m nominal",{"$f":"SUM(D100:D105)","v":-5.0214139459616272},-7.292583679745281,-3.8115280932738447,0.37317642163123721,-5.9871268715381865,-0.27168446081407138,3.289392812691613,21.723723557550549,{"$f":"SUM(D106:INDEX(D106:K106,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-18.721767817010161},3.0019557405403887]
[]
[null,"Enduring Value: Customer share of performance","£m nominal",{"$f":"D106*D94","v":-1.8559145944274176},-2.695338928033856,-1.4087407832740131,0.1379260054349053,-2.212842091720514,-0.1004145767168808,1.2157595835708204,8.0290882268706838,{"$f":"SUM(D108:INDEX(D108:K108,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-6.9195653851669547},{"$f":"SUM(D108:K108)","v":1.1095228417037291}]
[null,"Enduring Value: NWO share of performance","£m nominal",{"$f":"D106*(1-D94)","v":-3.1654993515342094},-4.5972447517114245,-2.4027873099998316,0.23525041619633191,-3.7742847798176724,-0.1712698840971906,2.0736332291207926,13.694635330679866,{"$f":"SUM(D109:INDEX(D109:K109,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-11.802202431843206},{"$f":"SUM(D109:K109)","v":1.8924328988366597}]
[]
[null,"Total out(under) performance (including enduring value adjustments)"]
[null,"Customer share of performance","£m nominal",{"$f":"D96+D108","v":0.59421842198760477},0.55876379499471263,2.169747843086856,1.9957683542755844,3.7176892540223632,2.8415805832907606,2.8347712037174508,5.3217257124660042,{"$f":"SUM(D112:INDEX(D112:K112,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":14.712539455375332},{"$f":"SUM(D112:K112)","v":20.034265167841337}]
[null,"NWO share of performance","£m nominal",1.0135154037364345,0.95304300964466115,3.7007820353948966,3.4040377990674462,6.3409937925749391,4.846678570634456,4.8350643041760835,9.076882816933356,{"$f":"SUM(D113:INDEX(D113:K113,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":25.094114915228914},{"$f":"SUM(D113:K113)","v":34.17099773216227}]
[null,"Total","£m nominal",{"$f":"SUM(D112:D113)","v":1.6077338257240392},1.5118068046393738,5.8705298784817526,5.3998061533430306,10.058683046597302,7.6882591539252161,7.6698355078935343,14.398608529399361,{"$f":"SUM(D114:INDEX(D114:K114,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":39.806654370604249},{"$f":"SUM(D114:K114)","v":54.205262900003611}]
[]
[null,{"$f":"B38","v":"Repex"}]
[]
[null,"Latest Totex actuals/forecast","£m nominal",{"$f":"D40*D$86","v":60.190214527807875},53.123161653898457,80.923238733000133,72.665821673529607,67.783211814160524,66.614339333916959,74.175473504050728,116.67753322192135,{"$f":"SUM(D118:INDEX(D118:K118,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":475.47546124036433},{"$f":"SUM(D118:K118)","v":592.15299446228573}]
[null,"Totex allowance \n   including forecast allowed adjustments and uncertainty mechanisms","£m nominal",81.138608641942611,82.135150183155716,83.452328504253472,85.086705831796763,88.590763152391688,89.995950982343686,96.210797681204468,98.67781051086159,{"$f":"SUM(D119:INDEX(D119:K119,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":606.61030497708839},{"$f":"SUM(D119:K119)","v":705.28811548794999}]
[null,"Totex out(under)performance","£m nominal",{"$f":"D119-D118","v":20.948394114134736},29.011988529257259,2.5290897712533393,12.420884158267157,20.807551338231164,23.381611648426727,22.03532417715374,-17.999722711059761,131.13484373672406,113.13512102566426]
[]
[null,"Funding Adjustment Rate (often referred to as 'sharing factor')","%",{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004},{"$f":"1-INDEX(Data!$D$73:$D$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),0)","v":0.36960000000000004}]
[]
[null,"Customer share of out(under) performance","£m nominal",{"$f":"D120*D122","v":7.7425264645841994},10.722830960413484,0.93475157945523435,4.5907587848955416,7.6904709746102391,8.64184366525852,8.1442558158760239,-6.6526975140076878,{"$f":"SUM(D124:INDEX(D124:K124,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":48.467438245093241},{"$f":"SUM(D124:K124)","v":41.81474073108555}]
[null,"NO share of performance","£m nominal",{"$f":"D120*(1-D122)","v":13.205867649550537},18.289157568843773,1.594338191798105,7.8301253733716152,13.117080363620925,14.739767983168207,13.891068361277716,-11.347025197052073,{"$f":"SUM(D125:INDEX(D125:K125,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":82.667405491630888},{"$f":"SUM(D125:K125)","v":71.320380294578811}]
[]
[null,"Enduring Value adjustments to Totex performance"]
["a",{"$f":"B50","v":"Repex Enduring Value"},"£m nominal",{"$f":"D50*D$86","v":-8.4836788693548471},-34.567052020901414,12.782579393949788,6.2270599462359177,-7.6641850005472003,-8.960647113223386,-13.197891314541343,59.621348792845552,{"$f":"SUM(D128:INDEX(D128:K128,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-53.863814978382486},{"$f":"SUM(D128:K128)","v":5.7575338144630663}]
["b","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D129:INDEX(D129:K129,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["c","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D130:INDEX(D130:K130,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["d","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D131:INDEX(D131:K131,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["e","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D132:INDEX(D132:K132,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["f","[Enduring Value adjustment]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D133:INDEX(D133:K133,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Total enduring value adjustments","£m nominal",{"$f":"SUM(D128:D133)","v":-8.4836788693548471},-34.567052020901414,12.782579393949788,6.2270599462359177,-7.6641850005472003,-8.960647113223386,-13.197891314541343,59.621348792845552,{"$f":"SUM(D134:INDEX(D134:K134,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-53.863814978382486},5.7575338144630663]
[]
[null,"Enduring Value: Customer share of performance","£m nominal",{"$f":"D134*D122","v":-3.135567710113552},-12.775982426925165,4.724441344003842,2.3015213561287955,-2.8326827762022457,-3.311855173047364,-4.8779406298544803,22.036050513835718,{"$f":"SUM(D136:INDEX(D136:K136,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-19.908066016010167},{"$f":"SUM(D136:K136)","v":2.1279844978255511}]
[null,"Enduring Value: NWO share of performance","£m nominal",{"$f":"D134*(1-D122)","v":-5.3481111592412951},-21.79106959397625,8.0581380499459456,3.9255385901071222,-4.8315022243449546,-5.6487919401760225,-8.3199506846868623,37.585298279009834,{"$f":"SUM(D137:INDEX(D137:K137,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-33.955748962372311},{"$f":"SUM(D137:K137)","v":3.6295493166375223}]
[]
[null,"Total out(under) performance (including enduring value adjustments)"]
[null,"Customer share of performance","£m nominal",{"$f":"D124+D136","v":4.6069587544706474},-2.0531514665116806,5.6591929234590763,6.8922801410243366,4.8577881984079934,5.3299884922111556,3.2663151860215436,15.383352999828031,{"$f":"SUM(D140:INDEX(D140:K140,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":28.559372229083074},{"$f":"SUM(D140:K140)","v":43.942725228911101}]
[null,"NWO share of performance","£m nominal",7.8577564903092423,-3.5019120251324765,9.6524762417440506,11.755663963478737,8.2855781392759695,9.0909760429921853,5.5711176765908537,26.238273081957761,{"$f":"SUM(D141:INDEX(D141:K141,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":48.711656529258555},{"$f":"SUM(D141:K141)","v":74.949929611216319}]
[null,"Total","£m nominal",{"$f":"SUM(D140:D141)","v":12.464715244779889},-5.555063491644157,15.311669165203128,18.647944104503075,13.143366337683963,14.420964535203341,8.8374328626123972,41.621626081785791,{"$f":"SUM(D142:INDEX(D142:K142,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":77.271028758341643},{"$f":"SUM(D142:K142)","v":118.89265484012743}]
[]
[null,"Totex Summary"]
[]
[null,"Total out(under) performance (including enduring value adjustments)"]
[null,"Customer share of performance","£m nominal",{"$f":"D112+D140","v":5.2011771764582519},-1.4943876715169679,7.8289407665459319,8.8880484952999215,8.5754774524303556,8.1715690755019157,6.1010863897389944,20.705078712294036,{"$f":"SUM(D147:INDEX(D147:K147,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":43.271911684458402},{"$f":"SUM(D147:K147)","v":63.976990396752441}]
[null,"NWO share of performance","£m nominal",8.8712718940456767,-2.5488690154878153,13.353258277138947,15.159701762546183,14.626571931850908,13.937654613626641,10.406181980766938,35.315155898891121,{"$f":"SUM(D148:INDEX(D148:K148,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":73.805771444487476},{"$f":"SUM(D148:K148)","v":109.1209273433786}]
[null,"Total","£m nominal",{"$f":"SUM(D147:D148)","v":14.072449070503929},-4.0432566870047832,21.182199043684879,24.047750257846104,23.202049384281263,22.109223689128555,16.507268370505933,56.02023461118516,{"$f":"SUM(D149:INDEX(D149:K149,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":117.07768312894589},{"$f":"SUM(D149:K149)","v":173.09791774013104}]

{"sheet":"R5 - Output Incentives","index":8,"n_rows":111,"n_cols":13,"rows_kept":111,"cut":false,"hidden":false,"merged":[[110,1,110,12],[20,1,20,12],[21,1,21,12],[22,1,22,12],[23,1,23,12],[24,1,24,12],[104,1,104,12],[105,1,105,12],[106,1,106,12],[107,1,107,12],[108,1,108,12],[109,1,109,12]]}
["R5 - Output Incentives"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021,{"$f":"\"Cumulative to \"&'RFPR cover'!$C$7","v":"Cumulative to 2020"},"RIIO-1 period"]
[]
[null,"Pre-tax Earned Incentives (Actuals may be updated once all incentives are determined)"]
[null,"These values exclude any inflation, interest or time value of money adjustments"]
[]
["a",{"$f":"Data!B153","v":"Broad Measure of Customer Satisfaction "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0.92355317174788099,0.76983586552597383,0.86211532501349075,0.77558951451806624,0.58074103068659233,1.1869546630690944,0.98564741633397357,1.7688095623276501,{"$f":"SUM(D11:INDEX(D11:K11,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":6.0844369868950725},{"$f":"SUM(D11:K11)","v":7.8532465492227228}]
["b",{"$f":"Data!B154","v":"Shrinkage Allowance Revenue Adjustment"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0.27873421984904651,0.22007871306103891,0.24374120173326477,0.19466828424793223,0.2054564067040528,0.31379624979380522,0.31296961124638006,0.15774625085552901,{"$f":"SUM(D12:INDEX(D12:K12,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.7694446866355205},1.9271909374910494]
["c",{"$f":"Data!B155","v":"Environment Emissions Incentive "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0.87976829806673706,1.0358797803181814,1.4936370569189257,1.1831953606377554,1.2175452934093181,1.4657885333152922,2.9110635655841959,2.3962534632686974,{"$f":"SUM(D13:INDEX(D13:K13,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":10.186877888250407},12.583131351519105]
["d",{"$f":"Data!B156","v":"Discretionary Reward Scheme"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},4.0169138994936925E-2,4.0169138994936925E-2,2.550006153391975E-2,2.550006153391975E-2,2.550006153391975E-2,0,0,0,{"$f":"SUM(D14:INDEX(D14:K14,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0.15683846259163312},0.15683846259163312]
["e",{"$f":"Data!B157","v":"NTS Exit Capacity"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0.32711774999999998,1.3775103899999999,2.0508731299999998,1.59303379,1.5761626599999998,1.5914756299999999,1.3067400600000001,0.98927739000000003,{"$f":"SUM(D15:INDEX(D15:K15,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":9.8229134099999982},10.812190799999998]
["f",{"$f":"Data!B158","v":""},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D16:INDEX(D16:K16,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["g",{"$f":"Data!B159","v":""},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0,{"$f":"SUM(D17:INDEX(D17:K17,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Earned Incentive revenue",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D11:D17)","v":2.4493425786586016},3.4434738879001308,4.6758667751996006,3.7719870109376741,3.6054054523338825,4.5580150761781919,5.5164206531645492,5.3120866664518758,28.020511434372633,33.332598100824512]
[]
[null,"Additional Commentary"]
[{"$f":"A11","v":"a"}]
[{"$f":"A12","v":"b"}]
[{"$f":"A13","v":"c"}]
[{"$f":"A14","v":"d"}]
[{"$f":"A15","v":"e"}]
["f"]
["g"]
[]
[]
[null,"Post-tax Earned Incentives (Actuals may be updated once all incentives are determined)"]
[]
[null,"Year tax paid when incentive recognised in allowed revenue. Select from dropdown in Column C"]
[null,"-"]
[null,"t+0"]
[null,"t+1"]
[null,"t+2"]
[null,"t+3"]
[]
[{"$f":"A11","v":"a"},{"$f":"$B$11&\"\"","v":"Broad Measure of Customer Satisfaction "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D51","v":0.73884253739830485},0.61586869242077913,0.69831341326092755,0.62822750675963368,0.4704002348561398,0.96143327708596649,0.79837440723051867,1.4327357454853966,{"$f":"SUM(D39:INDEX(D39:K39,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":4.9114600690122696},{"$f":"SUM(D39:K39)","v":6.3441958144976667}]
["b",{"$f":"$B$12&\"\"","v":"Shrinkage Allowance Revenue Adjustment"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D55","v":0.22298737587923723},0.17606297044883112,0.19743037340394448,0.1576813102408251,0.16641968943028276,0.25417496233298226,0.25350538510956788,0.1277744631929785,{"$f":"SUM(D40:INDEX(D40:K40,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.4282620668456707},1.5560365300386492]
["c",{"$f":"$B$13&\"\"","v":"Environment Emissions Incentive "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D59","v":0.70381463845338965},0.82870382425454514,1.2098460161043298,0.95838824211658191,0.98621168766154765,1.1872887119853868,2.3579614881231987,1.940965305247645,{"$f":"SUM(D41:INDEX(D41:K41,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":8.23221460869898},10.173179913946624]
["d",{"$f":"$B$14&\"\"","v":"Discretionary Reward Scheme"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D63","v":3.2135311195949541E-2},3.2135311195949541E-2,2.0655049842474998E-2,2.0655049842474998E-2,2.0655049842474998E-2,0,0,0,{"$f":"SUM(D42:INDEX(D42:K42,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0.12623577191932409},0.12623577191932409]
["e",{"$f":"$B$15&\"\"","v":"NTS Exit Capacity"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D67","v":0.26169419999999999},1.1020083119999999,1.6612072353,1.2903573699000002,1.2766917545999998,1.2890952603000001,1.0584594486000001,0.8013146859000001,{"$f":"SUM(D43:INDEX(D43:K43,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":7.939513580699999},8.7408282665999995]
["f",{"$f":"$B$16&\"\"","v":""},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D71","v":0},0,0,0,0,0,0,0,{"$f":"SUM(D44:INDEX(D44:K44,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
["g",{"$f":"$B$17&\"\"","v":""},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D75","v":0},0,0,0,0,0,0,0,{"$f":"SUM(D45:INDEX(D45:K45,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Post-Tax Earned Incentive revenue",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D39:D45)","v":1.9594740629268812},2.7547791103201047,3.7874520879116771,3.0553094788595159,2.9203784163904452,3.6919922117043358,4.4683007290632855,4.3027901998260205,22.637686097176243,26.940476297002263]
[]
[]
[{"$f":"$A$11","v":"a"},{"$f":"INDEX($B$11:$B$15,MATCH($A49,$A$11:$A$15,0),0)&\"\"","v":"Broad Measure of Customer Satisfaction "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX($D$11:$K$17,MATCH($A49,$A$11:$A$17,0),0)","v":0.92355317174788099},0.76983586552597383,0.86211532501349075,0.77558951451806624,0.58074103068659233,1.1869546630690944,0.98564741633397357,1.7688095623276501,{"$f":"SUM(D49:INDEX(D49:K49,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":6.0844369868950725},{"$f":"SUM(D49:K49)","v":7.8532465492227228}]
[null,"Corporation tax rate when recognised in allowed revenue","t+2",{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!D$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!E$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!F$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!G$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!H$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!I$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!J$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C50=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!K$6+RIGHT('R5 - Output Incentives'!$C50,2),Data!$C$14:$C$30,0),0))","v":0.19}]
[null,"Post tax",null,{"$f":"IFERROR(D49*(1-D50),0)","v":0.73884253739830485},0.61586869242077913,0.69831341326092755,0.62822750675963368,0.4704002348561398,0.96143327708596649,0.79837440723051867,1.4327357454853966,{"$f":"SUM(D51:INDEX(D51:K51,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":4.9114600690122696},{"$f":"SUM(D51:K51)","v":6.3441958144976667}]
[]
[{"$f":"$A$12","v":"b"},{"$f":"INDEX($B$11:$B$15,MATCH($A53,$A$11:$A$15,0),0)&\"\"","v":"Shrinkage Allowance Revenue Adjustment"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX($D$11:$K$17,MATCH($A53,$A$11:$A$17,0),0)","v":0.27873421984904651},0.22007871306103891,0.24374120173326477,0.19466828424793223,0.2054564067040528,0.31379624979380522,0.31296961124638006,0.15774625085552901,{"$f":"SUM(D53:INDEX(D53:K53,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.7694446866355205},{"$f":"SUM(D53:K53)","v":1.9271909374910494}]
[null,"Corporation tax rate when recognised in allowed revenue","t+2",{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!D$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!E$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!F$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!G$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!H$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!I$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!J$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C54=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!K$6+RIGHT('R5 - Output Incentives'!$C54,2),Data!$C$14:$C$30,0),0))","v":0.19}]
[null,"Post tax",null,{"$f":"IFERROR(D53*(1-D54),0)","v":0.22298737587923723},0.17606297044883112,0.19743037340394448,0.1576813102408251,0.16641968943028276,0.25417496233298226,0.25350538510956788,0.1277744631929785,{"$f":"SUM(D55:INDEX(D55:K55,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":1.4282620668456707},{"$f":"SUM(D55:K55)","v":1.5560365300386492}]
[]
[{"$f":"$A$13","v":"c"},{"$f":"INDEX($B$11:$B$15,MATCH($A57,$A$11:$A$15,0),0)&\"\"","v":"Environment Emissions Incentive "},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX($D$11:$K$17,MATCH($A57,$A$11:$A$17,0),0)","v":0.87976829806673706},1.0358797803181814,1.4936370569189257,1.1831953606377554,1.2175452934093181,1.4657885333152922,2.9110635655841959,2.3962534632686974,{"$f":"SUM(D57:INDEX(D57:K57,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":10.186877888250407},{"$f":"SUM(D57:K57)","v":12.583131351519105}]
[null,"Corporation tax rate when recognised in allowed revenue","t+2",{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!D$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!E$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!F$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!G$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!H$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!I$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!J$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C58=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!K$6+RIGHT('R5 - Output Incentives'!$C58,2),Data!$C$14:$C$30,0),0))","v":0.19}]
[null,"Post tax",null,{"$f":"IFERROR(D57*(1-D58),0)","v":0.70381463845338965},0.82870382425454514,1.2098460161043298,0.95838824211658191,0.98621168766154765,1.1872887119853868,2.3579614881231987,1.940965305247645,{"$f":"SUM(D59:INDEX(D59:K59,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":8.23221460869898},{"$f":"SUM(D59:K59)","v":10.173179913946624}]
[]
[{"$f":"$A$14","v":"d"},{"$f":"INDEX($B$11:$B$15,MATCH($A61,$A$11:$A$15,0),0)&\"\"","v":"Discretionary Reward Scheme"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX($D$11:$K$17,MATCH($A61,$A$11:$A$17,0),0)","v":4.0169138994936925E-2},4.0169138994936925E-2,2.550006153391975E-2,2.550006153391975E-2,2.550006153391975E-2,0,0,0,{"$f":"SUM(D61:INDEX(D61:K61,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0.15683846259163312},{"$f":"SUM(D61:K61)","v":0.15683846259163312}]
[null,"Corporation tax rate when recognised in allowed revenue","t+2",{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!D$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!E$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!F$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!G$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!H$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!I$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!J$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C62=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!K$6+RIGHT('R5 - Output Incentives'!$C62,2),Data!$C$14:$C$30,0),0))","v":0.19}]
[null,"Post tax",null,{"$f":"IFERROR(D61*(1-D62),0)","v":3.2135311195949541E-2},3.2135311195949541E-2,2.0655049842474998E-2,2.0655049842474998E-2,2.0655049842474998E-2,0,0,0,{"$f":"SUM(D63:INDEX(D63:K63,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0.12623577191932409},{"$f":"SUM(D63:K63)","v":0.12623577191932409}]
[]
[{"$f":"$A$15","v":"e"},{"$f":"INDEX($B$11:$B$15,MATCH($A65,$A$11:$A$15,0),0)&\"\"","v":"NTS Exit Capacity"},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX($D$11:$K$17,MATCH($A65,$A$11:$A$17,0),0)","v":0.32711774999999998},1.3775103899999999,2.0508731299999998,1.59303379,1.5761626599999998,1.5914756299999999,1.3067400600000001,0.98927739000000003,{"$f":"SUM(D65:INDEX(D65:K65,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":9.8229134099999982},{"$f":"SUM(D65:K65)","v":10.812190799999998}]
[null,"Corporation tax rate when recognised in allowed revenue","t+2",{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!D$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!E$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!F$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!G$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!H$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!I$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!J$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C66=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!K$6+RIGHT('R5 - Output Incentives'!$C66,2),Data!$C$14:$C$30,0),0))","v":0.19}]
[null,"Post tax",null,{"$f":"IFERROR(D65*(1-D66),0)","v":0.26169419999999999},1.1020083119999999,1.6612072353,1.2903573699000002,1.2766917545999998,1.2890952603000001,1.0584594486000001,0.8013146859000001,{"$f":"SUM(D67:INDEX(D67:K67,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":7.939513580699999},{"$f":"SUM(D67:K67)","v":8.7408282665999995}]
[]
[{"$f":"$A$16","v":"f"},{"$f":"INDEX($B$11:$B$17,MATCH($A69,$A$11:$A$17,0),0)&\"\"","v":""},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX($D$11:$K$17,MATCH($A69,$A$11:$A$17,0),0)","v":0},0,0,0,0,0,0,0,{"$f":"SUM(D69:INDEX(D69:K69,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},{"$f":"SUM(D69:K69)","v":0}]
[null,"Corporation tax rate when recognised in allowed revenue","t+2",{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!D$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!E$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!F$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!G$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!H$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!I$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!J$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C70=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!K$6+RIGHT('R5 - Output Incentives'!$C70,2),Data!$C$14:$C$30,0),0))","v":0.19}]
[null,"Post tax",null,{"$f":"IFERROR(D69*(1-D70),0)","v":0},0,0,0,0,0,0,0,{"$f":"SUM(D71:INDEX(D71:K71,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},{"$f":"SUM(D71:K71)","v":0}]
[]
["g",{"$f":"INDEX($B$11:$B$17,MATCH($A73,$A$11:$A$17,0),0)&\"\"","v":""},{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"INDEX($D$11:$K$17,MATCH($A73,$A$11:$A$17,0),0)","v":0},0,0,0,0,0,0,0,{"$f":"SUM(D73:INDEX(D73:K73,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},{"$f":"SUM(D73:K73)","v":0}]
[null,"Corporation tax rate when recognised in allowed revenue","t+2",{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!D$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!E$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.2},{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!F$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!G$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!H$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!I$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!J$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.19},{"$f":"IF($C74=$B$33,$B$33,INDEX(Data!$G$14:$G$30,MATCH('R5 - Output Incentives'!K$6+RIGHT('R5 - Output Incentives'!$C74,2),Data!$C$14:$C$30,0),0))","v":0.19}]
[null,"Post tax",null,{"$f":"IFERROR(D73*(1-D74),0)","v":0},0,0,0,0,0,0,0,{"$f":"SUM(D75:INDEX(D75:K75,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},{"$f":"SUM(D75:K75)","v":0}]
[]
[null,"Impact on Allowed Revenue within RIIO-1"]
[null,"This table shows the impact on allowed revenue in the relevant year - with actuals (subject to determination) and forecasts thereafter."]
[null,"The cells above the allowed revenue indicate the year of performance"]
[]
[null,null,"Performance Year ",{"$f":"IF($C50=$B$33,D$6,IF(D$6-RIGHT($C50,1)<$D$6,\"Pre-RIIO\",D$6-RIGHT($C50,1)))","v":"Pre-RIIO"},"Pre-RIIO",2014,2015,2016,2017,2018,2019]
[{"$f":"A11","v":"a"},{"$f":"B11&\"\"","v":"Broad Measure of Customer Satisfaction "},"£m nominal",0,0,1.0775024799999999,0.91576334999999998,1.0365894600000001,0.95253248000000001,0.73992220999999991,1.55850833]
[]
[null,null,"Performance Year ",{"$f":"IF($C54=$B$33,D$6,IF(D$6-RIGHT($C54,1)<$D$6,\"Pre-RIIO\",D$6-RIGHT($C54,1)))","v":"Pre-RIIO"},"Pre-RIIO",2014,2015,2016,2017,2018,2019]
[{"$f":"A12","v":"b"},{"$f":"B12&\"\"","v":"Shrinkage Allowance Revenue Adjustment"},"£m nominal",0,0,0.31300220000000001,0.25852364,0.28945119000000002,0.23612829999999999,0.26177202999999999,0.40209592]
[]
[null,null,"Performance Year ",{"$f":"IF($C58=$B$33,D$6,IF(D$6-RIGHT($C58,1)<$D$6,\"Pre-RIIO\",D$6-RIGHT($C58,1)))","v":"Pre-RIIO"},"Pre-RIIO",2014,2015,2016,2017,2018,2019]
[{"$f":"A13","v":"c"},{"$f":"B13&\"\"","v":"Environment Emissions Incentive "},"£m nominal",0,0,0.98792829000000004,1.2168346699999999,1.7737461699999999,1.4351896399999999,1.55127459,1.87824934]
[]
[null,null,"Performance Year ",{"$f":"IF($C62=$B$33,D$6,IF(D$6-RIGHT($C62,1)<$D$6,\"Pre-RIIO\",D$6-RIGHT($C62,1)))","v":"Pre-RIIO"},"Pre-RIIO",2014,2015,2016,2017,2018,2019]
[{"$f":"A14","v":"d"},{"$f":"B14&\"\"","v":"Discretionary Reward Scheme"},"£m nominal",0.16362404999999999,0.14847368,0,9.8666649999999995E-2,0,0,0.10315149999999999,0]
[]
[null,null,"Performance Year ",{"$f":"IF($C66=$B$33,D$6,IF(D$6-RIGHT($C66,1)<$D$6,\"Pre-RIIO\",D$6-RIGHT($C66,1)))","v":"Pre-RIIO"},"Pre-RIIO",2014,2015,2016,2017,2018,2019]
[{"$f":"A15","v":"e"},{"$f":"B15&\"\"","v":"NTS Exit Capacity"},"£m nominal",0,0,0.43548945,1.8387079199999998,2.81633143,2.2571354399999999,2.3021830299999997,2.3600528199999999]
[]
[null,null,"Performance Year ",{"$f":"IF($C70=$B$33,D$6,IF(D$6-RIGHT($C70,1)<$D$6,\"Pre-RIIO\",D$6-RIGHT($C70,1)))","v":"Pre-RIIO"},"Pre-RIIO",2014,2015,2016,2017,2018,2019]
[{"$f":"A16","v":"f"},{"$f":"B16&\"\"","v":""},"£m nominal",0,0,0,0,0,0,0,0]
[]
[null,null,"Performance Year ",{"$f":"IF($C74=$B$33,D$6,IF(D$6-RIGHT($C74,1)<$D$6,\"Pre-RIIO\",D$6-RIGHT($C74,1)))","v":"Pre-RIIO"},"Pre-RIIO",2014,2015,2016,2017,2018,2019]
[{"$f":"A17","v":"g"},{"$f":"B17&\"\"","v":""},"£m nominal",0,0,0,0,0,0,0,0]
[]
[null,"Total Impact on Allowed Revenue","£m nominal",{"$f":"SUM(D82,D85,D88,D91,D94,D97,D100)","v":0.16362404999999999},0.14847368,2.8139224199999999,4.3284962299999998,5.9161182500000002,4.88098586,4.9583033600000004,6.1989064100000002]
[]
[null,"Additional Commentary"]
[{"$f":"A82","v":"a"}]
[{"$f":"A85","v":"b"}]
[{"$f":"A88","v":"c"}]
[{"$f":"A91","v":"d"}]
[{"$f":"A94","v":"e"}]
[{"$f":"A97","v":"f"}]
[{"$f":"A100","v":"g"}]

{"sheet":"R6 - Innovation","index":9,"n_rows":28,"n_cols":11,"rows_kept":28,"cut":false,"hidden":false,"merged":[]}
["R6 - Innovation"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020},{"$f":"'R1 - RoRE'!B3","v":""}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"Network Innovation Allowance"]
[null,"Eligible NIA expenditure and Bid Preparation costs","£m nominal",0.51617230999999997,1.3698758600000001,1.7107074400000002,1.36,1.31434362,0.87004907300000001,1.0893767098481266,1.2536992453117057]
[null,"Unrecoverable Expenditure (eg not conforming to technical requirements)","£m nominal",0,0,0,0,0,0,0,0]
[null,"Company Compulsory Contribution (including % contribution funded by licensee)","£m nominal",5.6978460000000009E-2,0.13698758999999994,0.17107074000000022,0.14275000000000015,0.13143436000000008,8.7004907300000003E-2,0.10893767098481266,0.12536992453117057]
[null,"Allowed NIA adjustment","£m nominal",{"$f":"D9-D10-D11","v":0.45919384999999996},1.2328882700000001,1.5396367,1.2172499999999999,1.18290926,0.78304416570000002,0.98043903886331396,1.1283293207805352]
[]
[null,"Low Carbon Networks Fund"]
[null,"Second Tier and Discretionary (as per latest Revenue RRP)","£m nominal",0,0,0,0,0,0,0,0]
[null,"First Tier Funding Mechanism (as per latest Revenue RRP)","£m nominal",0,0,0,0,0,0,0,0]
[null,"Low Carbon Networks Fund revenue adjustment","£m nominal",{"$f":"D15-D16","v":0},0,0,0,0,0,0,0]
[]
[null,"Network Innovation Competition"]
[null,"Awarded NIC funding actually spent or forecast to be spent","£m nominal",0,0.16712479726524565,0.14584206125358523,1.1158411498945842,0.90827256146199997,0.71885840395667122,0.83993763844658464,0]
[null,"Company Compulsory Contribution (including % contribution funded by licensee)","£m nominal",0,0,3.812286410296245E-2,0.10763634639982329,7.7831726633654119E-2,9.3124582206960363E-2,0.12695991038378091,5.7986738838808734E-2]
[]
[null,"Successful Delivery Rewards","£m nominal",0,0,0,0,0,3.802289647865973E-2,0,0]
[]
[]
[]
[null,"RoRE Inputs"]
[null,"Network innovation",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"(SUM(D10,D11,D21)-D23)/Data!C34","v":4.8837742285755152E-2},{"$f":"(SUM(E10,E11,E21)-E23)/Data!D34","v":0.11515855692991303},{"$f":"(SUM(F10,F11,F21)-F23)/Data!E34","v":0.17398355789928016},{"$f":"(SUM(G10,G11,G21)-G23)/Data!F34","v":0.20387449735709268},{"$f":"(SUM(H10,H11,H21)-H23)/Data!G34","v":0.16424664147527052},{"$f":"(SUM(I10,I11,I21)-I23)/Data!H34","v":0.1082281942547946},{"$f":"(SUM(J10,J11,J21)-J23)/Data!I34","v":0.17512580232436237},{"$f":"(SUM(K10,K11,K21)-K23)/Data!J34","v":0.13306005953513894}]

{"sheet":"R7 - Financing","index":10,"n_rows":92,"n_cols":13,"rows_kept":92,"cut":false,"hidden":false,"merged":[]}
["R7 - Financing"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020},{"$f":"'R1 - RoRE'!B3","v":""}]
[]
[null,null,null,"Actuals","Actuals","Actuals","Actuals","Actuals","Actuals","Actuals","Forecast"]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021,{"$f":"\"Cumulative to \"&'RFPR cover'!$C$7","v":"Cumulative to 2020"},"RIIO-1 period"]
[]
[null,"Net Interest Per Statutory Accounts","£m nominal",190,202,157,1009.9592004289094,144.53190509998873,146.48709870298899,158.52901547018013,146.48574394789654]
[]
[null,"Reconciliation with Statutory Accounts"]
[null,"Interest not qualifying for corporation tax relief","£m nominal",0,0,0,0,0,0,0,0]
[null,"Fair value adjustments (e.g. losses on derivatives)","£m nominal",0,0,0,-12.000000000000002,6.4123671655705898,8,11.879117310169971,12.941532286017885]
[null,"Dividends on preference shares","£m nominal",0,0,0,0,0,0,0,0]
[null,"Costs of early redemption on long term debt","£m nominal",0,-18.13,0,0,0,0,-4.3760000000000003,0]
[null,"Swap Termination Costs paid","£m nominal",-0.31693192630363032,0,0,0,0,0,0,0]
[null,"Movements relating to pension fund liabilities reported within net interest","£m nominal",11.220973992277228,0,0,-1,1.99999996,14,17,16.770133815328617]
[null,"Debt issuance expenses (inc. amortisation to discounts that had previously benefitted from a tax deduction)","£m nominal",0,0,0,-1,-2.7502029540310082,-2.77,-4.5662355028141404,-3.9467114437600381]
[null,"Commitment fees for undrawn liquidity backup lines","£m nominal",0,0,0,-1,-2.5096237936986299,-2.15,-2.1329945099999996,-2.6]
[null,"Less: Capitalised Interest","£m nominal",0,11.799999999999999,0,1,0,0,0,0]
[null,"Less: Unwind of discount","£m nominal",-1.2343234323432342,-4.32,-4,-2,-2.1643585699999996,-0.3,-0.30747824000000001,-0.83900828984498743]
[null,"Less: Term Debt / Letter of Credit / RCF Fees","£m nominal",0,0,0,0,-1.6100538071336465,-1.63,-1.6203636499999994,-1.2]
[null,"losses/(gains) on derivative financial instruments ","£m nominal",10.140872224818478,-15.530000000000001,-6,0,0,-18,-15.038963970000001,0]
[null,"Less: Commitment Commission and other","£m nominal",0,-1.24,0,0,0,0,0,0]
[null,"Economic cost of changing capital structure in FY16/17","£m nominal",0,0,0,4.8459512975686225,13.567703281568757,16.148580016444892,16.423585940346953,15.421416983430582]
[null,"Less: Debt cap disallowance","£m nominal",-2.3194369108910893,0,0,0,0,0,0,0]
[null,"Less finance costs relating to metering","£m nominal",-15,-12,-11,0,0,0,0,0]
[null,"Less financing costs relating to other three networks","£m nominal",-157.68982329379537,-134.20999999999998,-112,-131.43376800000007,-118.17164055097757,-117.75847753963725,-130.92214591297974,-137.54949668293588]
[null,"Exceptional costs of early redemption on long term debt- TBC","£m nominal",0,0,0,-833,0,0,0,0]
[null,"Rounding ","£m nominal",-1.0106542336633879,0.35999999999998522,0,-1.4522004289093502,0.32165869143702253,0,0,0]
[null,"Net Interest Per Regulatory (RIIO-1) Definition","£m nominal",{"$f":"SUM(D8,D11:D29)","v":33.790676420099004},28.730000000000018,24,32.919183297568566,39.627754522724246,42.027201179796606,44.867536934903143,45.483610616132722]
[null,"Forecast new financing/refinancing Net Interest costs","£m nominal",null,null,null,null,null,null,null,0]
[null,"Net Interest including forecast new financing/refinancing costs","£m nominal",{"$f":"SUM(D30:D31)","v":33.790676420099004},28.730000000000018,24,32.919183297568566,39.627754522724246,42.027201179796606,44.867536934903143,45.483610616132722]
[null,"External Net Interest","£m nominal",31.472968602475241,26.640000000000018,22,23.715439297568565,39.627754522724246,42.027201179796606,44.867536934903143,45.483610616132722]
[null,"Intra-company Net Interest","£m nominal",2.3177078176237624,2.0900000000000003,2,9.2037439999999986,0,0,0,0]
[null,null,null,{"$f":"IF(ABS(D32-SUM(D33:D34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(E32-SUM(E33:E34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(F32-SUM(F33:F34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(G32-SUM(G33:G34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(H32-SUM(H33:H34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(I32-SUM(I33:I34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(J32-SUM(J33:J34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(K32-SUM(K33:K34))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"}]
[]
[null,"Memo: Net interest (RIIO-1) Definition that relates to non-cash principal inflation accretion on bonds and loans","£m nominal",0,0,0,0,5.6090697667472176,4.5317253370068835,5.0195146804812936,4.1644464557157317]
[]
[null,"Less inflation in interest charge","£m nominal",34.355238369792652,22.083184083243193,10.958363033534445,21.241592519785662,42.548935904666834,40.42812801748024,37.457425279221169,31.310121291788203]
[]
[null,"Assumed Regulatory finance cost at actual gearing","£m nominal",{"$f":"D32-D39","v":-0.56456194969364759},6.6468159167568253,13.041636966465555,11.677590777782903,-2.9211813819425885,1.5990731623163654,7.4101116556819733,14.173489324344519]
[]
[null,"Financial Year Average RPI (RPIt)","Index",1.1666890673736021,1.1895563269638081,1.2023757108362261,1.2281396135646323,1.2740965949380583,1.3130274787154661,1.3470178479563604,1.3779992584593566]
[]
[null,"Assumed regulatory finance cost at actual gearing","£m 09/10",{"$f":"D41/D43","v":-0.48390095140307093},5.5876428598568184,10.846557235754023,9.5083577215534181,-2.2927471853769497,1.2178520162279753,5.5011235871330788,10.285556568579649,{"$f":"SUM(D45:INDEX(D45:K45,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":29.884885283745295},{"$f":"SUM(D45:K45)","v":40.170441852324942}]
[]
[null,"Adjustments to be applied to Assumed Finance cost for performance assessment"]
[null,"Add back Debt Issuance expenses","£m nominal",0,0,0,1,2.7502029540310082,2.77,4.5662355028141404,3.9467114437600381,{"$f":"SUM(D48:INDEX(D48:K48,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":11.086438456845148},{"$f":"SUM(D48:K48)","v":15.033149900605185}]
[null,"New/refinanced debt issuance expenses","£m nominal",null,null,null,null,null,null,null,0,{"$f":"SUM(D49:INDEX(D49:K49,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Costs of early redemption on long term debt (excluding exceptional costs of buy backs associated with M&A activity)","£m nominal",0,18.13,0,0,0,0,4.3760000000000003,0,{"$f":"SUM(D50:INDEX(D50:K50,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":22.506},22.506]
[null,"Add accrual for inflation accretion on index-linked swaps (if applicable)","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D51:INDEX(D51:K51,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Correction of debt issuance expense add back above ","£m nominal",0,0,0,-0.81908302621762685,-2.2532287194345453,-2.2709382585016487,0,0,{"$f":"SUM(D52:INDEX(D52:K52,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":-5.3432500041538207},-5.3432500041538207]
[null,"Correction of inflation strip calculation","£m nominal",9.0920459488651844,3.9154225537130465,1.315908423662437,0.93854375476115237,3.1199669745184053,6.1724980022916753,0,0,{"$f":"SUM(D53:INDEX(D53:K53,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":24.554385657811899},24.554385657811899]
[null,"Other Adjustments [please specify]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D54:INDEX(D54:K54,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[null,"Other Adjustments [please specify]","£m nominal",0,0,0,0,0,0,0,0,{"$f":"SUM(D55:INDEX(D55:K55,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":0},0]
[]
[null,"Total Adjustments to be applied for performance assessment (at actual gearing)","£m nominal",{"$f":"SUM(D48:D55)","v":9.0920459488651844},22.045422553713045,1.315908423662437,1.1194607285435256,3.6169412091148683,6.6715597437900271,8.9422355028141407,3.9467114437600381,{"$f":"SUM(D57:INDEX(D57:K57,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":52.803574110503227},{"$f":"SUM(D57:K57)","v":56.750285554263264}]
[null,"Total Adjustments to be applied for performance assessment (at actual gearing)","£m 09/10",{"$f":"D57/D43","v":7.7930326109361667},18.532474716839342,1.0944236579323874,0.91150933996366257,2.83882809473383,5.0810511218826964,6.6385427011089195,2.8640882203177505,{"$f":"SUM(D58:INDEX(D58:K58,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":42.889862243397005},{"$f":"SUM(D58:K58)","v":45.753950463714759}]
[]
[]
[null,"Cost of Debt out(under)performance at notional gearing"]
[null,"Performance against allowance is impacted by deviating from notional levels of gearing"]
[]
[null,"Notional Gearing","%",0.65,0.65,0.65,0.65,0.65,0.65,0.65,0.65]
[null,"Actual Gearing","%",0.53458207534865765,0.57539129624475727,0.56190056884123574,0.58914786279414788,0.6268090164218264,0.63182057539665171,0.63835287539963526,0.64064712961594128]
[]
[null,"Assumed regulatory finance cost at actual gearing","£m nominal",{"$f":"D41","v":-0.56456194969364759},6.6468159167568253,13.041636966465555,11.677590777782903,-2.9211813819425885,1.5990731623163654,7.4101116556819733,14.173489324344519]
[null,"Adjustment to regulatory finance cost relating to variance from notional gearing","£m nominal",{"$f":"((D64-D65)/D65)*D67","v":-0.12189067231305548},0.86186621675624775,2.044776001017655,1.2061596097001024,-0.10807928361372898,4.6010261649548335E-2,0.13520185634365911,0.20692016308557271]
[null,"Assumed regulatory finance cost at notional gearing","£m nominal",{"$f":"SUM(D67:D68)","v":-0.68645262200670309},7.5086821335130729,15.086412967483209,12.883750387483005,-3.0292606655563175,1.6450834239659138,7.5453135120256327,14.380409487430091]
[]
[null,"Assumed regulatory finance cost at notional gearing","£m 09/10",{"$f":"D69/D43","v":-0.58837666453154847},6.3121703136816008,12.547170432269409,10.490460730346747,-2.3775753562104045,1.2528933709561796,5.6014948305793197,10.435716419403454,{"$f":"SUM(D71:INDEX(D71:K71,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":33.238237657091304},{"$f":"SUM(D71:K71)","v":43.673954076494759}]
[null,"Adjustments to be applied for performance assessment (at notional gearing)","£m 09/10",{"$f":"D58*((D64-D65)/D65)+D58","v":9.475572471831903},20.935507096759167,1.2660164753402305,1.0056576767781595,2.9438604315404286,5.2272486174581374,6.7596668269401885,2.9059013256214454,{"$f":"SUM(D72:INDEX(D72:K72,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":47.613529596648213},{"$f":"SUM(D72:K72)","v":50.519430922269656}]
[]
[null,"Cost of Debt Allowance"]
[]
[null,"The latest published PCFM contains the allowed cost of debt rate (%) for the reporting year. "]
[null,"However, the RAV does not account for the reporting year actual expenditure and additional allowances. "]
[null,"Consequently the return element of revenue does not currently reflect the monetary allowance. This is updated and available in the forthcoming annual iteration process."]
[null,"To address this timing issue, network operators should forecast the allowance in row 79 (linked to R9-RAV table) - which will be trued-up over time."]
[]
[null,"Cost of Debt Allowance as per latest published PCFM (prior year AIP)","£m 09/10",24.390673779411173,22.3788987917812,20.880880525046411,19.628679798812374,18.393782114017842,15.860149770667382,13.145105685727463,9.2372536201853102]
[null,"Forecast revised Cost of Debt Allowance","£m 09/10",24.390673779411173,22.3788987917812,20.880880525046411,19.628679798812374,18.393782114017842,15.860149770667382,13.145105685727463,9.2372536201853102,{"$f":"SUM(D82:INDEX(D82:K82,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":134.67817046546384},{"$f":"SUM(D82:K82)","v":143.91542408564914}]
[]
[]
[null,"Out(under) performance"]
[]
[null,"Pre-Tax performance"]
[null,"Pre-Tax Cost of Debt out(under)performance at actual gearing","£m 09/10",{"$f":"D82-D45-D58","v":17.08154211987808},-1.7412187849149596,8.9398996313600012,9.2088127372952933,17.847701204660961,9.5612466325567098,1.005439397485465,-3.9123911687120891,{"$f":"SUM(D88:INDEX(D88:K88,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":61.903422938321555},{"$f":"SUM(D88:K88)","v":57.991031769609464}]
[]
[null,"Pre-Tax Cost of Debt out(under)performance at notional gearing","£m 09/10",{"$f":"D82-D71-D72","v":15.503477972110819},-4.8687786186595687,7.0676936174367713,8.1325613916874673,17.827497038687817,9.380007782253065,0.78394402820795506,-4.1043641248395888,{"$f":"SUM(D90:INDEX(D90:K90,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":53.826403211724326},{"$f":"SUM(D90:K90)","v":49.722039086884735}]
[]
[null,"Pre-Tax Impact on out(under) performance relating to deviating from notional levels of gearing","£m 09/10",{"$f":"D88-D90","v":1.578064147767261},3.1275598337446091,1.8722060139232299,1.076251345607826,2.0204165973144228E-2,0.18123885030364484,0.2214953692775099,0.19197295612749965,{"$f":"SUM(D92:INDEX(D92:K92,0,MATCH('RFPR cover'!$C$7,$D$6:$K$6,0)))","v":8.077019726597225},{"$f":"SUM(D92:K92)","v":8.2689926827247255}]

{"sheet":"R8 - Net Debt","index":11,"n_rows":66,"n_cols":11,"rows_kept":66,"cut":false,"hidden":false,"merged":[]}
["R8 - Net Debt"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020},{"$f":"'R1 - RoRE'!B3","v":""}]
[]
[null,null,null,"Actuals","Actuals","Actuals","Actuals","Actuals","Actuals","Actuals","Forecast"]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"Opening Cash, short term deposits and overdrafts (per Balance Sheet)","£m nominal",-513,{"$f":"D10","v":-257.707345971564},-230.1982394366197,-67.950899195456699,-38.999085041106376,-164.53,-328.34,-335.7]
[]
[null,"Closing Cash, short term deposits and overdrafts (per Balance Sheet)","£m nominal",-257.707345971564,-230.1982394366197,-67.950899195456699,-38.999085041106376,-164.53,-328.34,-335.7,-60]
[null,"External borrowings, bonds, external loans and finance leases (+ve)","£m nominal",4571.4768957345968,4673.7218309859154,4702.326904874586,1709.9992703027572,6330.6664657096617,6684.1453641668777,6961.1148593199996,6958.0610927328125]
[null,"Loans from other group companies (+ve)","£m nominal",0,0,0,4311.9991027327596,0,0,0,0]
[null,"Loans to other group companies (-ve)","£m nominal",1196.7677725118483,1241.0411971830986,955.05300520586843,0,0,0,0,0]
[null,"Other amounts due to/(from) group companies per Balance Sheet","£m nominal",0,0,0,0,0,0,0,0]
[null,"Guarantees given on behalf of other group companies (per Notes to the Accounts) (+ve)","£m nominal",0,0,0,0,40.909999999999997,41.91,74.696034390000023,44.098337600000015]
[null,"Currency SWAPS","£m nominal",0,0,0,9.0007120055892251,-14.641297620000001,-4.7476904700000002,-26.100013582391007,0]
[null,"Interest rate SWAPS","£m nominal",0,0,0,0,0,0,0,0]
[null,"Inflation-linked SWAPS","£m nominal",0,0,0,0,5.5225772400000004,34.600522499999997,58.918105934504993,0]
[null,"Interest Rate Forward Contracts","£m nominal",0,0,0,0,0,0,0,0]
[null,"Foreign exchange forward rate contracts","£m nominal",0,0,0,0,0,0,0.10614119000000001,0]
[null,"Other swaps, forward rate contracts & OTC options","£m nominal",-205.53732227488149,-281.56478873239439,-320.42901088499764,0,0,0,0,0]
[null,"Other derivatives including exchange traded futures and options","£m nominal",0,0,0,0,0,0,0,0]
[null,"Total Debt per Statutory Accounts","£m nominal",{"$f":"SUM(D10:D22)","v":5305},5403,5269.0000000000009,5991.9999999999991,6197.9277453296618,6427.5681961968776,6733.0351272521139,6942.1594303328129]
[]
[null,"Conversion to Regulatory (RIIO-1) Definition of Net Debt"]
[null,"Unamortised Issue Costs","£m nominal",0,0,0,11.765293183118228,11.701516381730842,10.9,14.361559514130633,13.079553349237775]
[null,"Fixed asset investments not readily convertible to cash","£m nominal",0,0,0,0,0,0,0,0]
[null,"Preference shares","£m nominal",0,0,0,0,0,0,0,0]
[null,"Long term loans (Not for benefit of regulated business or distribution in nature)","£m nominal",0,0,0,0,0,0,0,0]
[null,"Currency debt amount to reflect ultimate sterling liability","£m nominal",0,0,0,-9.7518340993969446,-5.3491329926277427,-1.74,-17.715890011865479,0]
[null,"Impact of fair value adjustments","£m nominal",42.383737914691942,-6.4196,-28.08,-317.45317610847292,-309.37730910158666,-301.32,-283.65132155000003,-303.09436988599276]
[null,"Accrued Interest","£m nominal",-50.673887440758293,-49.605999999999995,-50.309999999999995,-40.008260430827079,-40.910809477124488,-41.91,-44.098337600000015,-44.098337600000015]
[null,"ILS financial exposure; direct offset with row 180 (no net impact on regulatory net debt)","£m nominal",0,0,0,0,-5.5225772400000004,-34.600521999999998,-58.918105934504993,0]
[null,"ILS financial exposure; financials presented up to FY16/17 relate to pre segmentation derivatives. Post FY 17/18 balances relate to accretions on instrument B2.1. ","£m nominal",57.643347403791466,34.432400000000001,26.325000000000003,0,0,27.848261999999998,37.169196546956499,47.056410642201655]
[null,"Less: Derivatives excluding Cross currency","£m nominal",0,0,0,0,0,0,0,0]
[null,"Net debt relating to Metering","£m nominal",-299,-430,-332,0,0,0,0,0]
[null,"Net debt relating to other three networks","£m nominal",-4163.6968149733411,-4076.9278000000013,-4023.1020000000003,-4622.6564073944928,-4791.7953162483109,-4990.1558105487347,-5216.2991291214394,-5461.4688463794473]
[null,"9. IFRS 16 Lease Liabilities","£m nominal",0,0,0,0,0,0,-30.597696790000001,0]
[null,"10. [Insert adjustment as necessary]","£m nominal",0,0,0,0,0,0,0,0]
[null,"11. [Insert adjustment as necessary]","£m nominal",0,0,0,0,0,0,0,0]
[null,"12. [Insert adjustment as necessary]","£m nominal",6.0000000000400178E-2,-0.72999999999865395,0,-3.0615149928053143E-2,5.9999850000167498E-2,0,0,0]
[null,"Total Net Debt per Regulatory (RIIO-1) definition","£m nominal",{"$f":"SUM(D23,D26:D41)","v":891.71638290438386},873.7489999999998,861.83300000000008,1013.8649999999998,1056.7341165017433,1096.5901256481438,1133.285402305391,1193.6338404588114]
[null,"Forecast new debt/refinancing","£m nominal",null,null,null,null,null,null,null,0]
[null,"Regulatory Net Debt including forecast new debt/refinancing","£m nominal",{"$f":"SUM(D42:D43)","v":891.71638290438386},873.7489999999998,861.83300000000008,1013.8649999999998,1056.7341165017433,1096.5901256481438,1133.285402305391,1193.6338404588114]
[null,null,null,"OK","OK","OK","OK","OK","OK","OK","OK"]
[]
[null,"Opening Regulatory Net Debt including forecast new debt/refinancing","£m nominal",747.02585601802502,{"$f":"D48","v":891.71638290438386},873.7489999999998,861.83300000000008,1013.8649999999998,1056.7341165017433,1096.5901256481438,1133.285402305391]
[null,"Closing Regulatory Net Debt including forecast new debt/refinancing","£m nominal",{"$f":"D44","v":891.71638290438386},873.7489999999998,861.83300000000008,1013.8649999999998,1056.7341165017433,1096.5901256481438,1133.285402305391,1193.6338404588114]
[]
[null,"Allocation of net debt (Per regulatory definition. Transmission companies only)"]
[null,"System operator allocation (transmission companies only)","%",0,0,0,0,0,0,0,0]
[null,"Transmission or distribution allocation","%",{"$f":"1-D51","v":1},1,1,1,1,1,1,1]
[]
[null,"Average Net Debt (per Regulatory Definition)","£m nominal",{"$f":"AVERAGE(D47:D48)*D52","v":819.37111946120444},882.73269145219183,867.79099999999994,937.84899999999993,1035.2995582508715,1076.6621210749436,1114.9377639767674,1163.4596213821012]
[null,"Equity RAV","£m nominal",{"$f":"D56-D54","v":713.36100390227671},651.41059019504928,676.59433812054772,654.02472004044853,616.3990152012716,627.40096740397144,631.64756044707929,652.60973661155526]
[null,"Average RAV","£m nominal",1532.7321233634812,1534.1432816472411,1544.3853381205477,1591.8737200404485,1651.6985734521431,1704.063088478915,1746.5853244238467,1816.0693579936565]
[null,"Actual Regulatory Gearing","%",{"$f":"D54/D56","v":0.53458207534865765},0.57539129624475727,0.56190056884123574,0.58914786279414788,0.6268090164218264,0.63182057539665171,0.63835287539963526,0.64064712961594128]
[null,"Notional Gearing","%",0.65,0.65,0.65,0.65,0.65,0.65,0.65,0.65]
[null,"Gearing Ratio delta","%",{"$f":"IF(ISBLANK(D23),\"n/a\",D57-D58)","v":-0.11541792465134237},-7.4608703755242756E-2,-8.8099431158764285E-2,-6.0852137205852141E-2,-2.3190983578173618E-2,-1.8179424603348315E-2,-1.1647124600364767E-2,-9.3528703840587424E-3]
[]
[null,"NPV Neutral assumed Average Net Debt","£m 09/10",{"$f":"D63*D57","v":686.97666007111229},728.31581359350787,707.87201477704127,747.52390128900925,798.98742031634833,807.15013725172287,817.06095539593173,835.2604117581061]
[null,"NPV Neutral assumed Equity RAV","£m 09/10",{"$f":"D63*(1-D57)","v":598.09572029828564},537.45900494615296,551.90961569333047,521.29832229291515,475.70295487546332,470.34883742950007,462.89091273721931,468.51568142260112]
[null,"NPV Neutral assumed Average RAV","£m 09/10",1285.0723803693979,1265.7748185396608,1259.7816304703717,1268.8222235819244,1274.6903751918117,1277.498974681223,1279.951868133151,1303.7760931807072]
[null,"Actual Regulatory Gearing","%",{"$f":"D61/D63","v":0.53458207534865765},0.57539129624475727,0.56190056884123574,0.58914786279414788,0.6268090164218264,0.63182057539665171,0.63835287539963526,0.64064712961594128]
[null,"Notional Gearing","%",0.65,0.65,0.65,0.65,0.65,0.65,0.65,0.65]
[null,"Gearing Ratio delta","%",{"$f":"IF(ISBLANK(D23),\"n/a\",D64-D65)","v":-0.11541792465134237},-7.4608703755242756E-2,-8.8099431158764285E-2,-6.0852137205852141E-2,-2.3190983578173618E-2,-1.8179424603348315E-2,-1.1647124600364767E-2,-9.3528703840587424E-3]

{"sheet":"R9 - RAV","index":12,"n_rows":59,"n_cols":11,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["R9 - Regulatory Asset Value (RAV)"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7-1,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"RAV per latest published PCFM"]
[null,"The latest published PCFM does not account for the impact of the reporting years totex. This will be published in the forthcoming annual iteration process."]
[]
[null,"Closing RAV per latest published PCFM",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},1304.6338008104033,1294.7415100176968,1298.5267280664934,1304.6297282266707,1309.6842128460971,1314.4645258685759,1325.864877799942,1334.0319871573995]
[]
[null,"Revised RAV - including forecast totex, allowances and enduring value"]
[null,"Revised adjusted RAV including forecast totex, allowances and enduring value"]
[]
[null,"Opening RAV (before transfers)",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},1321.461445806588,{"$f":"D29","v":1301.6649479847813},1280.4698463569989,1288.6881285024588,1297.5656985836913,1299.2338059621134,1300.8021244033857,1301.5585182149341]
[null,"Transfers",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0]
[null,"Opening RAV (after transfers)",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D16:D17)","v":1321.461445806588},1301.6649479847813,1280.4698463569989,1288.6881285024588,1297.5656985836913,1299.2338059621134,1300.8021244033857,1301.5585182149341]
[null,"Net additions (after disposals)",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},48.673045000356147,56.38466776040724,64.689599180941073,67.087809679960301,70.024744891570109,75.104702825354764,81.258984814640485,96.459770448248022]
[null,"Net additions (after disposals) - enduring value adjustment",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},-2.9688528256221147,-11.43189139271157,3.8098132396588511,2.3308768804789111,-3.7184950249620385,-3.7200645918594972,-5.3513584221526855,29.754437394920075]
[null,"Total Net Additions",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D19:D20)","v":45.704192174734033},44.95277636769567,68.499412420599924,69.418686560439212,66.30624986660807,71.384638233495266,75.907626392487799,126.2142078431681]
[null,"Depreciation",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},-65.5006899965408,-66.276958553113602,-60.904381132144437,-60.984809519782942,-64.970260272143634,-70.302130544320775,-75.787211794400051,-82.754020482994889]
[null,"Depreciation - enduring value adjustment",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0.12908055763573145,0.62325085700423699,0.44369304057624248,0.33211778395767055,0.48581075209786206,0.6359792134606721,0.85347922822575129]
[null,"Total Depreciation",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D22:D23)","v":-65.5006899965408},-66.14787799547787,-60.2811302751402,-60.5411164792067,-64.638142488185963,-69.816319792222913,-75.151232580939379,-81.900541254769138]
[null,"[Input other adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0]
[null,"[Input other adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0]
[null,"[Input other adjustment]",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0]
[null,"Other adjustments",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D25:D27)","v":0},0,0,0,0,0,0,0]
[null,"Adjusted Closing RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D18+D21+D24+D28","v":1301.6649479847813},1280.4698463569989,1288.6881285024588,1297.5656985836913,1299.2338059621134,1300.8021244033857,1301.5585182149341,1345.8721848033331]
[]
[null,"Total enduring value and other adjustments",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"(D20+D23+D28)","v":-2.9688528256221147},-11.302810835075839,4.4330640966630881,2.7745699210551535,-3.386377241004368,-3.2342538397616352,-4.7153792086920134,30.607916623145826]
[null,"CHECK",null,{"$f":"IF(D5=\"Actuals\",IF(ABS((D29-SUM($D$31:D31))-D11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"TRUE"},{"$f":"IF(E5=\"Actuals\",IF(ABS((E29-SUM($D$31:E31))-E11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"TRUE"},{"$f":"IF(F5=\"Actuals\",IF(ABS((F29-SUM($D$31:F31))-F11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"TRUE"},{"$f":"IF(G5=\"Actuals\",IF(ABS((G29-SUM($D$31:G31))-G11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"TRUE"},{"$f":"IF(H5=\"Actuals\",IF(ABS((H29-SUM($D$31:H31))-H11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"TRUE"},{"$f":"IF(I5=\"Actuals\",IF(ABS((I29-SUM($D$31:I31))-I11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"TRUE"},{"$f":"IF(J5=\"Actuals\",IF(ABS((J29-SUM($D$31:J31))-J11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"FALSE"},{"$f":"IF(K5=\"Actuals\",IF(ABS((K29-SUM($D$31:K31))-K11)<'RFPR cover'!$F$14,\"TRUE\",\"FALSE\"),\"NA\")","v":"NA"}]
[]
[null,"Year end RPI","Index",{"$f":"Data!C$35","v":1.1829890576408812},{"$f":"Data!D$35","v":1.1936487043894572},{"$f":"Data!E$35","v":1.2107968317676012},{"$f":"Data!F$35","v":1.2511181042513455},{"$f":"Data!G$35","v":1.2930614968924812},{"$f":"Data!H$35","v":1.3285164089040491},{"$f":"Data!I$35","v":1.3560924515797135},{"$f":"Data!J$35","v":1.3872825779660467}]
[null,"Financial Year Average RPI (RPIt)","Index",{"$f":"Data!C$34","v":1.1666890673736021},{"$f":"Data!D$34","v":1.1895563269638081},{"$f":"Data!E$34","v":1.2023757108362261},{"$f":"Data!F$34","v":1.2281396135646323},{"$f":"Data!G$34","v":1.2740965949380583},{"$f":"Data!H$34","v":1.3130274787154661},{"$f":"Data!I$34","v":1.3470178479563604},{"$f":"Data!J$34","v":1.3779992584593566}]
[null,"Index for Opening RAV conversion to nominal in yr 1","Index",{"$f":"INDEX(Data!$F$14:$F$30,MATCH($D$6-1,Data!$C$14:$C$30,0),0)/IF('RFPR cover'!$C$6=\"ED1\",Data!$E$17,Data!$E$14)","v":1.1544860891609932}]
[]
[null,"Adjusted Closing RAV","£m nominal",{"$f":"D29*D34","v":1539.8553901806831},1528.4311731137991,1560.3395031272964,1623.4079369536007,1679.9892099506858,1728.1369670071442,1765.0336818405492,1867.1050341467635]
[]
[null,"Cost of debt","annual real %",{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!D$6,Data!$K$72:$T$72,0))","v":2.92E-2},{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!E$6,Data!$K$72:$T$72,0))","v":2.7199999999999998E-2},{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!F$6,Data!$K$72:$T$72,0))","v":2.5499999999999998E-2},{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!G$6,Data!$K$72:$T$72,0))","v":2.3800000000000002E-2},{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!H$6,Data!$K$72:$T$72,0))","v":2.2200000000000001E-2},{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!I$6,Data!$K$72:$T$72,0))","v":1.9099999999999999E-2},{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!J$6,Data!$K$72:$T$72,0))","v":1.5800000000000002E-2},{"$f":"INDEX(Data!$K$73:$T$100,MATCH('RFPR cover'!$C$5,Data!$B$73:$B$100,0),MATCH('R9 - RAV'!K$6,Data!$K$72:$T$72,0))","v":1.09E-2}]
[null,"Cost of equity","annual real %",{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2},{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2},{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2},{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2},{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2},{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2},{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2},{"$f":"'RFPR cover'!$C$10","v":6.7000000000000004E-2}]
[null,"Notional gearing","%",{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65}]
[null,"Vanilla WACC","annual real %",{"$f":"D40*D42+D41*(1-D42)","v":4.2429999999999995E-2},4.113E-2,4.0024999999999998E-2,3.8919999999999996E-2,3.7879999999999997E-2,3.5864999999999994E-2,3.372E-2,3.0535E-2]
[]
[null,"NPV-neutral debt element of RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D47*D42","v":835.29704724010867},822.75363205077952,818.85805980574162,824.7344453282509,828.5487438746776,830.37433354279494,831.96871428654822,847.45446056745971]
[null,"NPV-neutral equity element of RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D47*(1-D42)","v":449.77533312928927},443.02118648888126,440.92357066463006,444.08777825367349,446.14163131713406,447.12464113842805,447.98315384660282,456.32163261324752]
[null,"NPV-neutral RAV return base",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"AVERAGE(D16,D29*(1/(1+D43)))","v":1285.0723803693979},1265.7748185396608,1259.7816304703717,1268.8222235819244,1274.6903751918117,1277.498974681223,1279.951868133151,1303.7760931807072]
[]
[null,"Debt Return on RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D40*D45","v":24.390673779411173},22.3788987917812,20.880880525046411,19.628679798812374,18.393782114017842,15.860149770667382,13.145105685727463,9.2372536201853102]
[null,"Equity Return on RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},30.134947319662384,29.682419494755045,29.541879234530217,29.753881142996125,29.891489298247983,29.957350956274681,30.014871307722391,30.573549385087585]
[null,"Total return on RAV",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D49:D50)","v":54.525621099073561},52.061318286536249,50.422759759576628,49.382560941808499,48.285271412265828,45.817500726942065,43.159976993449853,39.810803005272895]
[]
[null,"NPV-neutral debt element of RAV","£m nominal",{"$f":"D$35*D45","v":974.53193302448608},978.71178853845777,984.57504173290147,1012.8890429788794,1055.651133310932,1090.3043175617315,1120.6767070852861,1167.7916182400336]
[null,"NPV-neutral equity element of RAV","£m nominal",524.74796393626173,526.99865536686184,530.1557917023315,545.40179237324264,568.42753332127108,587.08694022554778,603.44130381515401,628.81087136001804]
[null,"Adjusted NPV-neutral average RAV","£m nominal",{"$f":"SUM(D53:D54)","v":1499.2798969607479},1505.7104439053196,1514.7308334352329,1558.290835352122,1624.0786666322031,1677.3912577872793,1724.1180109004401,1796.6024896000517]
[]
[null,"Debt Return on RAV","£m nominal",{"$f":"D$35*D49","v":28.456332444314992},26.620960648246047,25.106663564188988,24.106759222897335,23.435455159502691,20.824812465429069,17.706691971947524,12.728928638816365]
[null,"Equity Return on NPV-neutral RAV","£m nominal",35.158113583729538,35.308909909579747,35.520438044056213,36.541920089007263,38.084644732525163,39.334824995111703,40.430567355615324,42.13032838112121]
[null,"Total return on RAV","£m nominal",{"$f":"SUM(D57:D58)","v":63.614446028044526},61.929870557825794,60.627101608245198,60.648679311904601,61.520099892027858,60.159637460540772,58.137259327562845,54.859257019937573]

{"sheet":"R10 - Tax","index":13,"n_rows":91,"n_cols":11,"rows_kept":91,"cut":false,"hidden":false,"merged":[]}
["R10 - Tax"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,null,null,{"$f":"IF(D6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(K6<=('RFPR cover'!$C$7-1),\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"CT600 will not have been submitted for the current reporting year."]
[null,"It is assumed the current tax charge per the statutory accounts will equal the tax liability in the forthcoming CT600, where this is not the case the licensee should provide an explanation in the commentary of the variance."]
[null,"This will be corrected / trued-up in future years"]
[]
[null,"Tax liability per latest submitted CT600 (pre-group relief)","£m nominal",154.97499999999999,126.992,134.012,-25.700000000000003,125.2,132.89854,0]
[]
[null,"Adjustments to remove non-regulated tax liability"]
[null,"Tax on non-regulated activities","£m nominal",44.646861896599994,42.479745299009103,43.448628707787009,0.42932539180568441,0.75525026219999947,0.58498642722921945,0]
[null,"Tax relating to capital contributions (excluded services)","£m nominal",-4.4987910741962196,-3.4279182537475927,-83.872056423169354,-0.74898047209831731,-0.56426978887450829,-0.21576399999999996,0]
[null,"Tax on Separation costs/restructuring costs","£m nominal",1.3815931914820534,0,0,-2.2800911399999997,-3.8,-3.1159999999999997,0]
[null,"Transfer pricing and de-grouping charge adjustment ","£m nominal",7.1605440000000016,6.691860000000001,7.863804,-4,0,0,0]
[null,"Tax on Payment to Energy Savings Trust, GSOP and Grenfell","£m nominal",0,0,0,0,0,-3.1160000000000005,0]
[null,"Tax relating to other three networks (included in CT600)","£m nominal",87.369966390874367,63.678815631984989,137.91949650542972,-14.686474511875822,105.57588241493015,113.06027291816855,0]
[null,"Non-regulated tax","£m nominal",{"$f":"SUM(D15:D20)","v":136.0601744047602},109.4225026772465,105.35987279004738,-21.286220732168456,101.96686288825563,107.19749534539777,0,0]
[]
[null,"Other adjustments"]
[null,"Tax on output incentives","£m nominal",{"$f":"('R5 - Output Incentives'!D102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!D$6,Data!$C$14:$C$30,0),1)","v":3.7633531499999998E-2},{"$f":"('R5 - Output Incentives'!E102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!E$6,Data!$C$14:$C$30,0),1)","v":3.1179472799999997E-2},{"$f":"('R5 - Output Incentives'!F102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!F$6,Data!$C$14:$C$30,0),1)","v":0.56278448400000003},{"$f":"('R5 - Output Incentives'!G102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!G$6,Data!$C$14:$C$30,0),1)","v":0.86569924600000003},{"$f":"('R5 - Output Incentives'!H102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!H$6,Data!$C$14:$C$30,0),1)","v":1.1240624675000002},{"$f":"('R5 - Output Incentives'!I102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!I$6,Data!$C$14:$C$30,0),1)","v":0.92738731340000002},{"$f":"('R5 - Output Incentives'!J102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!J$6,Data!$C$14:$C$30,0),1)","v":0.94207763840000003},{"$f":"('R5 - Output Incentives'!K102)*INDEX(Data!$G$14:$G$30,MATCH('R10 - Tax'!K$6,Data!$C$14:$C$30,0),1)","v":1.1777922179}]
[null,"Tax on IQI","£m nominal",{"$f":"('R4 - Totex'!D77-'R4 - Totex'!D79)*D41","v":0.2209096643423854},{"$f":"('R4 - Totex'!E77-'R4 - Totex'!E79)*E41","v":0.20649924587646931},{"$f":"('R4 - Totex'!F77-'R4 - Totex'!F79)*F41","v":0.19151561664900568},{"$f":"('R4 - Totex'!G77-'R4 - Totex'!G79)*G41","v":0.19344923577851533},{"$f":"('R4 - Totex'!H77-'R4 - Totex'!H79)*H41","v":0.19640604229275457},{"$f":"('R4 - Totex'!I77-'R4 - Totex'!I79)*I41","v":0.20223516387503437},{"$f":"('R4 - Totex'!J77-'R4 - Totex'!J79)*J41","v":0.20705105768149573},{"$f":"('R4 - Totex'!K77-'R4 - Totex'!K79)*K41","v":0.20433279780023686}]
[null,"Collected revenue adjustment ('k')","£m nominal",0.1367002981132539,0.13441807571932143,-2.5468893921501627,0.37115255006964265,0.5758747167064675,-0.22694048247429333,0]
[null,"Pension - timing adjustment","£m nominal",0.38097975484758556,0.14578622102044797,1.1212061646748595E-3,-4.4883908828539099E-3,-0.97024382130672582,-0.41536001662722016,0]
[null,"Pension - disallowed contributions","£m nominal",0,0,0,0,0,0,0]
[null,"Tax on derivatives not disregarded","£m nominal",0,0,0,0,0,0,0]
[null,"Tax arising from MOD values","£m nominal",9.1547204592091508E-2,8.4957324734753523E-2,0.27701695108074476,0.90058480978469935,0.4268159319704683,-0.42631698685277131,0]
[null,"Tax on finance costs not included within the RIIO 1 definition ","£m nominal",0.30459454926237617,-0.85680000000000001,-0.2,-29.779199999999999,-1.5699474701525388E-2,4.9752046792086016E-2,0]
[null,"Difference between actual and allowed pass through costs (inc exit capacity and shrinkage)","£m nominal",0.11508091791938538,0.58728109559657615,0.44269273620336419,-0.57259089213862513,-1.9958900481741335,-0.82948436660202962,0]
[null,"Other revenue timing adjustments ","£m nominal",2.021267312499994E-3,-4.560253416207434E-2,0.248688818027057,-0.97275984306681063,-1.4495828860955897,-0.40832520226676383,0]
[null,"Regulatory tax losses carried forward from previous price controls","£m nominal",0,0,0,0,0,0,0]
[null,0,"£m nominal",0,0,0,0,0,0,0]
[null,"Total other adjustments","£m nominal",{"$f":"SUM(D24:D35)","v":1.2894671878895778},0.28771890158549401,-1.0230695800253162,-28.99815328445543,-2.1082570718082838,-1.1270525307559578,1.1491286960814957,1.3821250157002369]
[]
[null,"Forecast regulated tax liability (including impact of enduring value adjustments)","£m nominal",null,null,null,null,null,null,25.704789142596013,28.520460479606371]
[null,"Adjusted forecast regulated tax liability with timing differences ","£m nominal",{"$f":"D12+D38-D21-D36","v":17.625358407350213},17.281778421168013,29.675196789977939,24.584374016623883,25.341394183552651,26.828097185358185,24.555660446514516,27.138335463906134]
[]
[null,"Financial year average RPI","Index",{"$f":"Data!C$34","v":1.1666890673736021},{"$f":"Data!D$34","v":1.1895563269638081},{"$f":"Data!E$34","v":1.2023757108362261},{"$f":"Data!F$34","v":1.2281396135646323},{"$f":"Data!G$34","v":1.2740965949380583},{"$f":"Data!H$34","v":1.3130274787154661},{"$f":"Data!I$34","v":1.3470178479563604},{"$f":"Data!J$34","v":1.3779992584593566}]
[]
[null,"Adjusted/forecast regulated tax liability with timing differences ",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D39/D41","v":15.107159996816998},14.52791938426116,24.680469276395716,20.017572713307892,19.889696184914971,20.432243513748922,18.229647427292331,19.694013111623576]
[]
[null,"Tax out(under)performance at notional gearing"]
[null,"Performance against allowance is impacted by deviating from notional levels of gearing"]
[]
[null,"Notional Gearing","%",{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65},{"$f":"'RFPR cover'!$C$12","v":0.65}]
[null,"Actual Gearing","%",{"$f":"'R8 - Net Debt'!D57","v":0.53458207534865765},{"$f":"'R8 - Net Debt'!E57","v":0.57539129624475727},{"$f":"'R8 - Net Debt'!F57","v":0.56190056884123574},{"$f":"'R8 - Net Debt'!G57","v":0.58914786279414788},{"$f":"'R8 - Net Debt'!H57","v":0.6268090164218264},{"$f":"'R8 - Net Debt'!I57","v":0.63182057539665171},{"$f":"'R8 - Net Debt'!J57","v":0.63835287539963526},{"$f":"'R8 - Net Debt'!K57","v":0.64064712961594128}]
[]
[null,"Adjusted/forecast regulated tax liability with timing differences ","£m nominal",{"$f":"D39","v":17.625358407350213},17.281778421168013,29.675196789977939,24.584374016623883,25.341394183552651,26.828097185358185,24.555660446514516,27.138335463906134]
[null,"Adjustment to regulatory tax cost relating to variance from notional gearing","£m nominal",{"$f":"D87-D89","v":-0.13520084193039139},-0.18174509927923488,-0.41176593363600844,-0.14342500045063478,0.12350535377865057,8.811623603475871E-2,0.30041083733221541,0.22406729114662038]
[null,"Revised regulated tax liability for comparison against allowance","£m nominal",{"$f":"SUM(D51:D52)","v":17.490157565419821},17.10003332188878,29.26343085634193,24.440949016173249,25.464899537331302,26.916213421392943,24.856071283846731,27.362402755052756]
[]
[null,"Revised regulated tax liability for comparison against allowance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D53/D41","v":14.99127578592373},14.375135446956472,24.338008987215694,19.900790387531146,19.986631813084241,20.499352723162396,18.452666623205722,19.85661645830254]
[]
[]
[null,"Allowance"]
[]
[null,"The latest published PCFM does not account for the forecast TIM performance - and ultimate impact on tax allowance."]
[]
[null,"Tax Allowance per latest published PCFM",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},11.13649725806606,11.062175631404751,20.838503089122938,19.07494869118187,18.844846336380588,18.681132416950494,18.739527896473021,16.038971541486752]
[null,"Tax clawbacks",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,5.7199081774133794E-17,5.5641081939546121E-17,2.1650193973614014E-16,0,0,0]
[null,"Net Tax Allowance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D62:D63)","v":11.13649725806606},11.062175631404751,20.838503089122938,19.07494869118187,18.844846336380588,18.681132416950494,18.739527896473021,16.038971541486752]
[]
[null,"Network operators should provide forecast allowances taking account of the latest totex, allowances, reopeners, enduring value adjustments - and other financial variables"]
[]
[null,"Forecast tax allowance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},10.102588572294176,7.8338496198233898,20.108151153831891,18.429615252691811,17.323789925810694,18.899708694249941,18.035914373281198,20.417334626034965]
[null,"Forecast tax clawbacks",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,5.7199081774133794E-17,5.5641081939546121E-17,2.1650193973614014E-16,2.1406187205863896E-16,0,4.0793798462926742E-16]
[null,"Net forecast tax allowance",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"SUM(D68:D69)","v":10.102588572294176},7.8338496198233898,20.108151153831891,18.429615252691811,17.323789925810694,18.899708694249941,18.035914373281198,20.417334626034965]
[]
[null,"Reconciliation of forecast movement in allowance",null,{"$f":"D70-D64","v":-1.033908685771884},-3.2283260115813608,-0.73035193529104703,-0.64533343849005931,-1.5210564105698943,0.21857627729944795,-0.70361352319182302,4.3783630845482122]
[null,"Changes in corporation tax rates",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0]
[null,"Tax allowance retained within deadband",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,0,0,0]
[null,"Other adjustments",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},-1.033908685771884,-3.2283260115813608,-0.73035193529104703,-0.64533343849005931,-1.5210564105698943,0.21857627729944795,-0.70361352319182302,4.3783630845482122]
[null,"Check",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"IF(ABS(D72-SUM(D73:D75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(E72-SUM(E73:E75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(F72-SUM(F73:F75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(G72-SUM(G73:G75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(H72-SUM(H73:H75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(I72-SUM(I73:I75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(J72-SUM(J73:J75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"},{"$f":"IF(ABS(K72-SUM(K73:K75))<'RFPR cover'!$F$14,\"OK\",\"ERROR\")","v":"OK"}]
[]
[]
[null,"Out(under) performance"]
[]
[null,"Regulated tax out(under) performance at actual gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D$70-D43","v":-5.0045714245228226},-6.6940697644377707,-4.572318122563825,-1.5879574606160816,-2.5659062591042776,-1.5325348194989807,-0.19373305401113328,0.72332151441138848]
[]
[null,"Regulated tax out(under) performance at notional gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D$70-D55","v":-4.8886872136295541},-6.5412858271330823,-4.2298578333838037,-1.4711751348393349,-2.6628418872735473,-1.5996440289124543,-0.41675224992452442,0.56071816773242489]
[]
[null,"Impact on out(under) performance relating to deviating from notional levels of gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D81-D83","v":-0.1158842108932685},-0.15278393730468842,-0.34246028918002125,-0.11678232577674663,9.6935628169269705E-2,6.7109209413473536E-2,0.22301919591339114,0.16260334667896359]
[]
[null,"Tax impact of financing performance (at actual gearing)","£m nominal",-4.7094193522061714,-4.7545110637585308,-5.1190643365522268,-3.1445820877258495,-1.4845843211689709,-0.5886544017352624,0.33855296429271897,0.45793763864064641]
[null,"Tax impact of financing performance (at actual gearing)",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D87/D$41","v":-4.0365676544889579},-3.9968776223432969,-4.2574582057982768,-2.5604434976238655,-1.1652054695595084,-0.44831841776163178,0.2513351733285179,0.33232067131344761]
[null,"Tax impact of financing performance (at notional gearing)","£m nominal",-4.57421851027578,-4.572765964479296,-4.7072984029162184,-3.0011570872752147,-1.6080896749476215,-0.67677063777002111,3.8142126960503564E-2,0.23387034749402602]
[null,"Tax impact of financing performance (at notional gearing)",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D89/D$41","v":-3.9206834435956912},-3.8440936850386076,-3.9149979166182547,-2.4436611718471171,-1.2621410977287799,-0.51542762717510326,2.8315977415125728E-2,0.16971732463448486]
[null,"Tax impact of financing performance relating to deviating from notional levels of gearing",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D88-D90","v":-0.11588421089326673},-0.15278393730468931,-0.34246028918002214,-0.11678232577674841,9.6935628169271482E-2,6.7109209413471482E-2,0.22301919591339217,0.16260334667896276]

{"sheet":"R11 - Dividends","index":14,"n_rows":15,"n_cols":11,"rows_kept":15,"cut":false,"hidden":false,"merged":[]}
["R11 - Dividends "]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020},{"$f":"'R1 - RoRE'!B3","v":""}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"N/A\")","v":"N/A"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"Dividend paid as per Statutory Accounts","£m nominal",455,540,458,95,418,423,275]
[null,"Less dividend paid not related to Regulated business"]
[null,"Metering","£m nominal",65,97,67,0,0,0,0]
[null,"Non regulated activities","£m nominal",3,7,8,0,3,2.1217269146101785,1.1575187417002439]
[null,"Other networks (East of England, London and North West)","£m nominal",320,359,318,79,340,349.93709406464268,233.82492823720375]
[null,"Dividend paid relating to the Regulated Business","£m nominal",{"$f":"D8-SUM(D10:D12)","v":67},77,65,16,75,70.941179020747143,40.017553021096006,0]
[]
[null,"Shareholder loan interest (not included as Net Interest per Regulatory (RIIO-1) definition)","£m nominal",0,0,0,0,0,0,0]

{"sheet":"R12 - Pensions","index":15,"n_rows":39,"n_cols":11,"rows_kept":39,"cut":false,"hidden":false,"merged":[[20,3,22,3]]}
["R12 - Pensions"]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"}]
[{"$f":"'RFPR cover'!C7","v":2020}]
[]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"}]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"Licensee share of total pension deficit repair payment made for defined benefit scheme","£m nominal",1.4828453886689912,2.3119363483157382,2.3164780986623175,2.5408926096264888,7.1017033779905345,7.334206886523833,7.5389935818352996]
[null,"Of which:"]
[null,"Established deficit element funded via specific allowances","£m nominal",1.4828453886689912,2.3119363483157382,2.3164780986623175,2.4616923679914042,6.8758217910915134,7.1009301355815131,7.2992032465807819]
[null,"Incremental deficit funded via totex","£m nominal",0,0,0,7.9200241635084379E-2,0.2258815868990211,0.23327675094232023,0.2397903352545179]
[]
[]
[null,"Established deficit element funded via specific allowances",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D10/Data!C$34","v":1.2709859294448571},{"$f":"E10/Data!D$34","v":1.9435282684063082},{"$f":"F10/Data!E$34","v":1.9265842429994344},{"$f":"G10/Data!F$34","v":2.0044075940571839},{"$f":"H10/Data!G$34","v":5.3966251996975076},{"$f":"I10/Data!H$34","v":5.4080590472701671},{"$f":"J10/Data!I$34","v":5.4187873291024546},{"$f":"K10/Data!J$34","v":0}]
[]
[]
[null,"Established deficit (EDE) allowance as per PCFM",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},2.4,2.4,1.9,1.9,1.9,5.2,5.2296217001675052,5.2296217001675052]
[null,"Less Pension Payment History Allowance (PPH)",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},0,0,0,0,0,-0.2,-0.2,-0.2]
[null,"Established deficit allowance less PPH",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"D17-D18","v":2.4},2.4,1.9,1.9,1.9,5.4,5.4296217001675053,5.4296217001675053]
[]
[null,null,null,"Enter valuation date"]
[]
[]
[null,"Latest pension scheme valuation",null,"2016-03-31"]
[]
[null,"Price base",null,42460]
[]
[null,null,null,"£m"]
[null,"Total Liabilities attributable to post cut-off date notional sub fund",null,120.58613549790965]
[null,"Total Liabilities attributable to pre cut-off date notional sub fund",null,18243.313864502092]
[]
[null,"Total Assets attributable to post cut-off date notional sub fund",null,103.9]
[null,"Total Assets attributable to pre cut-off date notional sub fund",null,16725.7]
[]
[null,"Deficit in the post Cut-Off Date Notional Sub-Fund",null,{"$f":"D29-D32","v":16.686135497909646}]
[null,"Deficit in the pre Cut-Off Date Notional Sub-Fund",null,{"$f":"D30-D33","v":1517.613864502091}]
[]
[null,"Licensee element of established deficit",null,37.325589728699129]
[null,"Licensee element of incremental deficit",null,3.181686951633921]

{"sheet":"R13 - Other Activities","index":16,"n_rows":21,"n_cols":15,"rows_kept":21,"cut":false,"hidden":false,"merged":[]}
["R13 - Other activities",null,null,null,null,null,null,null,null,null,null,null,null,null," "]
[{"$f":"'RFPR cover'!C5","v":"Cadent-WM"},null,null,null,null,null,null,null,null,null,null,null,null,null," "]
[{"$f":"'RFPR cover'!C7","v":2020},null,null,null,null,null,null,null,null,null,null,null,null,null," "]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null," "]
[null,null,null,{"$f":"IF(D6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(E6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(F6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(G6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(H6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(I6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(J6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Actuals"},{"$f":"IF(K6<='RFPR cover'!$C$7,\"Actuals\",\"Forecast\")","v":"Forecast"},null,null,null," "]
[null,null,null,{"$f":"'RFPR cover'!$C$13","v":2014},{"$f":"D6+1","v":2015},2016,2017,2018,2019,2020,2021]
[]
[null,"Post-tax total fines and penalties (including GS payments)",{"$f":"'RFPR cover'!$C$14","v":"£m 09/10"},{"$f":"(D16+D21)/Data!C34","v":0.46781782432287272},{"$f":"(E16+E21)/Data!D34","v":0.48307615956842659},{"$f":"(F16+F21)/Data!E34","v":0.16741870996379332},{"$f":"(G16+G21)/Data!F34","v":0.18142534670279498},{"$f":"(H16+H21)/Data!G34","v":0.26003347170557889},{"$f":"(I16+I21)/Data!H34","v":0.43414008274844618},{"$f":"(J16+J21)/Data!I34","v":0.28659716908035132},{"$f":"(K16+K21)/Data!J34","v":0.30670889177996785}]
[]
[null,"Ofgem related fines and penalties"]
[null,"Failure to meet gas network repair targets","£m nominal",0.375,0.375,0,0,0,0,0,0]
[null,"Fine/penalty","£m nominal",0,0,0,0,0,9.1999999999999998E-2,0,0]
[null,"Payments to residents who faced delayed compensation","£m nominal",0,0,0,0,0,0,0,0]
[null,"Total Ofgem related fines and penalties","£m nominal",{"$f":"SUM(D11:D13)","v":0.375},0.375,0,0,0,9.1999999999999998E-2,0,0]
[null,"Any adjustment for tax","£m nominal",0,0,0,0,0,0,0,0]
[null,"Post-tax total fines and penalties","£m nominal",{"$f":"D14-D15","v":0.375},0.375,0,0,0,9.1999999999999998E-2,0,0]
[]
[null,"Guaranteed Standard (GS) payments"]
[null,"Total GS payments","£m nominal",0.22181550799999999,0.252716838,0.25162523799999997,0.27851956898800007,0.40902192699999995,0.59017019538335325,0.47660679249999999,0.52178348819220577]
[null,"Any adjustment for tax","£m nominal",5.101756684E-2,5.307053598E-2,5.0325047599999999E-2,5.5703913797600015E-2,7.7714166129999998E-2,0.11213233712283711,9.0555290575000003E-2,9.9138862756519092E-2]
[null,"Post-tax total GS payments","£m nominal",{"$f":"D19-D20","v":0.17079794115999999},0.19964630202,0.20130019039999997,0.22281565519040006,0.33130776086999997,0.47803785826051615,0.38605150192499998,0.4226446254356867]