Financial year 2019 in review
A detailed look at our performance during the financial year from 1 April 2018 to 31 March 2019.
Our capital delivery strategy during the next Asset Management Plan
One of the things we’re going to focus on over the next AMP, which runs from 2020 to 2025, is our capital delivery strategy, and how we work sustainably with our suppliers.
We’re committed to leading and collaborating with our supply chain to ensure we mitigate risk and create additional value for our shareholders, society and the environment.
We’re a business with a social purpose and we have made commitments to our customers, colleagues, investors and wider society.
We also pledged to become the first purposeful company in the utilities sector.
Our key performance and financial figures for the year ending 31 March 2019.
An overview of the performance of our shares in 2018 to 2019.
Figures correct at 30 September 2019
Taxes incurred during the financial year to 31 March 2019 come to £150.8 million.
For every £1 of corporation tax we incurred, we paid a further £3.79 in other business taxes
Cumulative Return on Regulated Equity (RoRE) from AMP6
Key points from our cumulative RoRE
- Upper quartile RoRE performance across all levers during AMP6.
- Cost of finance lowered to 3.7% in the 2019 financial year from 5.4% at the beginning of the AMP.
- £870m of totex outperformance, of which we’ve reinvested £220m in improving our assets and performance in our water business.
- Our ODI rewards have totalled £115m in AMP6, which is 40% of all outperformance earned by the industry up to 31 March 2019. In year four of the AMP, we hit the waste water ODI cap, limiting the rewards we could earn in that year. The cap was increased for the year ending 31 March 2020.
Reports and presentations
2019 Annual report and accounts
Our latest reports and publications
Watch or download our latest presentations, transcripts, trading updates and reports.
|Title||Date||Category||Presentations||Slides, transcripts and documents||Regulatory news service|
|Quarter three trading update and AMP7 dividend policy||28 January 2020||Trading update||Watch video||Regulatory news announcement|
|Half year results announcement for the half year to 30 September 2019||21 November 2019||Presentations and webcasts||Watch video|
|Quarter one trading update
||17 July 2019||Trading update||Regulatory news announcement|
|Full year results announcement for the year to 31 March 2019||21 May 2019||Presentations and webcasts||Watch video||Download slides|
|PR19 update: Initial assessment of business plan||6 February 2019||Presentations and webcasts||Watch video||Download slides
|Investor presentation 2020||March 2020||Trading update||View or download PDF|
All past reports and publications
You can find all reports, results and presentations from previous financial years in our company results library.
Download full annual reports and accounts
|Annual report and accounts||2015|
|Annual report and accounts||2014|
|Annual report and accounts||2013|
|Annual report and accounts||2012|
|Annual report and accounts||2011|
|Annual report and accounts||2010|
|Annual report and accounts||2009|
|Annual report and accounts||2008|
|Annual report and accounts||2007|
|Annual reports and account||2006|
If you're looking for more reports and publications, you can download half year and full year results, announcements, results presentations, AGM results and shareholder summaries from our documents library.
Other documents in our regulatory library
If you’re looking for a particular document that doesn't appear in these lists, you may be able to find it in our regulatory library, where we store all our regulatory and statutory reporting.