The following assets and liabilities were classified as held for sale: | | | | | | | | | | | | | | | | | | | | | | | | | 30 September 2025 | | 31 March 2025 | | Total assets
held for sale
£m | Total liabilities held for sale
£m | Net assets/(liabilities) held for sale
£m | | Total assets
held for sale
£m | Total liabilities held for sale
£m | Net assets/(liabilities)
held for sale
£m | | National Grid Renewables | — | | — | | — | | | 1,528 | | (108) | | 1,420 | | | Grain LNG | 1,146 | | (328) | | 818 | | | 1,100 | | (326) | | 774 | | Net assets/(liabilities) held for sale | 1,146 | | (328) | | 818 | | | 2,628 | | (434) | | 2,194 | |
Financial information relating to the loss arising on the disposal of NG Renewables is set out below: | | | | | | | | | £m | | Goodwill | 51 | | | Property, plant and equipment | 438 | | | Investment in joint venture | 906 | | | Trade and other receivables | 141 | | | Cash and cash equivalents | 58 | | | Financial investments | 41 | | | Other assets | 66 | | | Total assets on disposal | 1,701 | | | Borrowings | (2) | | | Other liabilities | (159) | | | Total liabilities on disposal | (161) | | | Net assets on disposal | 1,540 | | | | | Satisfied by: | | | Proceeds | 1,531 | | | Total consideration | 1,531 | | | | | Less: | | | Disposal-related costs | (11) | | | Loss on disposal before tax and reclassification of foreign currency translation reserve | (20) | | | | | Reclassification of foreign currency translation reserve¹ | (76) | | | Tax | 5 | | | Post-tax loss on disposal | (91) | |
1.The reclassification of the foreign currency translation reserve attributable to NG Renewables comprises a loss of £84 million relating to the retranslation of NG Renewables’ operations offset by a gain of £8 million relating to borrowings, cross-currency swaps and foreign exchange forward contracts used to hedge the Group’s net investment in NG Renewables. The following assets and liabilities were classified as held for sale at 30 September 2025. | | | | | | | Grain LNG | | £m | | | | Other intangible assets | 26 | | | Property, plant and equipment | 949 | | | | | Trade and other receivables | 30 | | | Cash and cash equivalents | 122 | | | | | Other assets | 19 | | | Total assets | 1,146 | | | | | Borrowings | (133) | | | Other liabilities | (195) | | | Total liabilities | (328) | | | Net assets | 818 | |
|