AMP Limited (ASX:AMP) Annual Report 2021



The latest annual report of AMP Limited (AMP) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - AMP Annual Results

Amounts in AUD

Total Revenue
3.3B
Gross Profit
3.3B
EBIT
46M
Net Tangible Assets
3.78B
Net Income
-252M
Capital Expenditures
-49M

AMP Income Statement 2021 Annual Report

As per the latest Income Statement of AMP, the Net revenue decreased by $-100.00M (-3%) compared to the previous period. The operating income in 2021 decreased by $-434.00M (-90%). The net income as per the annual report was -252M which decreased by $-429.00M (-242%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 3.3B 3.4B
Gross Profit 3.3B 3.4B
Operating Income 46M 480M
Income Before Tax -326M 51M
Net Income -252M 177M

Balance Sheet - AMP 2021 Annual Report

Read further: AMP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AMP Limited showed the company increased the cash on balance sheet by $488.00M (20%). The Net tangible assets of AMP on the balance sheet were at 3.78B which is $-202.00M (-5%) less than previous annual report. The total stockholder equity also decreased by $-286.00M (-7%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 2.92B 2.43B
Total Assets 32.34B 32.15B
Long Term Debt 4.71B 4.29B
Total Liabilities 28.36B 27.88B
Total Shareholder Equity 3.98B 4.27B
Net Tangible Assets 3.78B 3.98B

Cash Flow Statement - AMP 2021 Annual Report

The 2021 annual cash flow statement of AMP Limited showed that the net income decreased by $-429.00M (-242%) compared to previous reporting period. Also the capital expenditure of AMP increased by $34.00M (41%).

As of 2021, the total cash from investing activities was -565M and total cash from financing activities was -733M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income -252M 177M
Capital Expenditures -49M -83M
Dividends Paid - -
Total Cash From From Investing Activities -565M 3.21B
Total Cash From From Financing Activities -733M -1.99B

AMP Limited Annual Report History

Income Statement

Income Statement history of AMP Limited (ASX:AMP)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 3.3B 3.4B 4.02B 8.29B
Cost Of Revenue - - - 3.32B
Gross Profit 3.3B 3.4B 4.02B 4.97B
Research Development - - - -
Selling General Administrative 1.98B 2.06B 2.34B 2.84B
Non Recurring - - - -
Other Operating Expenses 1.27B 855M 1.37B 1.87B
Total Operating Expenses 3.25B 2.92B 3.71B 8.02B
Operating Income 46M 480M 315M 264M
Total Other Income Expense Net -372M -429M -2.41B -630M
Ebit 46M 480M 315M 264M
Interest Expense -347M -424M -567M -611M
Income Before Tax -326M 51M -2.09B -366M
Income Tax Expense -72M -19M -260M -417M
Minority Interest 3M 8M 118M 106M
Net Income From Continuing Ops -254M 70M -1.83B 51M
Discontinued Operations - 124M -603M -603M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -252M 177M -2.47B 28M
Net Income Applicable To Common Shares -252M 177M -2.47B 28M

Balance Sheet Statement

Balance Sheet Statement history of AMP Limited (ASX:AMP)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 2.92B 2.43B 4.43B 3.93B
Net Receivables 733M 656M 1.34B 971M
Other Current Assets 980M 603M 4.77B 4.08B
Total Current Assets 5.77B 5.05B 121.46B 117.3B
Long Term Investments 3.36B 4.85B 2.92B 3.56B
Property Plant Equipment 169M 264M 343M 95M
Good Will 149M 157M 172M 2.13B
Intangible Assets 54M 244M 482M 573M
Other Assets 22.83B 21.58B 22.3B 21.71B
Deferred Long Term Asset Charges 655M 828M 1.26B 966M
Total Assets 32.34B 32.15B 147.68B 145.37B
Accounts Payable 172M 133M 1.15B 2.22B
Short Long Term Debt 21.4B 20.63B 15.88B 13.76B
Other Current Liab 717M 567M 1.16B 1.4B
Long Term Debt 4.71B 4.29B 6.97B 7.63B
Other Liab 1.04B 1.89B 116.3B 112.34B
Deferred Long Term Liab 127M 228M 223M 505M
Minority Interest 3M 8M 118M 106M
Total Current Liabilities 22.5B 21.55B 19.22B 18.61B
Total Liab 28.36B 27.88B 142.71B 138.58B
Common Stock 10.16B 10.36B 10.4B 9.61B
Retained Earnings -3.85B -3.68B -3.51B -886M
Treasury Stock -2.33B -2.41B -2.03B -2.04B
Other Stockholder Equity -2.33B -2.4B -1.93B -1.93B
Total Stockholder Equity 3.98B 4.27B 4.86B 6.68B
Net Tangible Assets 3.78B 3.98B 4.55B 4.4B

Cash Flow Statement

Cash Flow Statement history of AMP Limited (ASX:AMP)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income -252M 177M -2.47B 28M
Depreciation 81M 99M 140M 46M
Change To Netincome -29M 6.65B -9.31B 2.8B
Change To Account Receivables 174M 281M -567M -569M
Change To Liabilities - - - -
Change To Operating Activities 1.55B -8.93B 3.98B -5.55B
Total Cash From Operating Activities 1.69B -2.74B -7.77B -3.98B
Capital Expenditures -49M -83M -55M -37M
Investments -503M 1.5B 8.2B 4.36B
Total Cashflows From Investing Activities -565M 3.21B 8.15B 4.21B
Net Borrowings -537M -1.63B -320M -726M
Total Cash From Financing Activities -733M -1.99B 308M -77M
Change In Cash 391M -5.42B 687M 160M
Repurchase Of Stock -196M -196M -5M -5M
Dividends Paid - - -117M -708M