ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2010

Financial statements

8 Discontinued operations

During the year ended 31 March 2008, the group completed the disposal of United Utilities Electricity (UUE) to North West Electricity Networks Limited on 19 December 2007 for a total enterprise value of £1,782 million.

The results of UUE were disclosed, along with the profit on disposal of £493.0 million, as discontinued operations in the group’s financial statements in the year ended 31 March 2008. An adjustment of £1.2 million loss was recorded in the year ended 31 March 2009.