Hong Kong Exchanges and Clearing Limited (HKEX:0388) Annual Report 2021



The latest annual report of Hong Kong Exchanges and Clearing Limited (0388) 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 - 0388 Annual Results

Amounts in HKD

Total Revenue
20.78B
Gross Profit
20B
EBIT
15B
Net Tangible Assets
30.65B
Net Income
12.54B
Capital Expenditures
-1.07B

0388 Income Statement 2021 Annual Report

As per the latest Income Statement of 0388, the Net revenue increased by $1.726B (9%) compared to the previous period. The operating income in 2021 increased by $1.472B (11%). The net income as per the annual report was 12.54B which increased by $1.03B (9%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 20.78B 19.05B
Gross Profit 20B 18.35B
Operating Income 15B 13.53B
Income Before Tax 14.84B 13.33B
Net Income 12.54B 11.51B

Balance Sheet - 0388 2021 Annual Report

Read further: 0388 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Hong Kong Exchanges and Clearing Limited showed the company increased the cash on balance sheet by $1.956B (19%). The Net tangible assets of 0388 on the balance sheet were at 30.65B which is $473.00M (2%) more than previous annual report. The total stockholder equity also increased by $708.00M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 12.4B 10.44B
Total Assets 399.3B 399.11B
Long Term Debt 86M 83M
Total Liabilities 349.39B 349.87B
Total Shareholder Equity 49.63B 48.92B
Net Tangible Assets 30.65B 30.18B

Cash Flow Statement - 0388 2021 Annual Report

The 2021 annual cash flow statement of Hong Kong Exchanges and Clearing Limited showed that the net income increased by $1.03B (9%) compared to previous reporting period. Also the capital expenditure of 0388 increased by $281.00M (21%).

As of 2021, the total cash from investing activities was 2.28B and total cash from financing activities was -12.67B.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 12.54B 11.51B
Capital Expenditures -1.07B -1.35B
Dividends Paid -11.53B -6.98B
Total Cash From From Investing Activities 2.28B -7.48B
Total Cash From From Financing Activities -12.67B -7.47B

Hong Kong Exchanges and Clearing Limited Annual Report History

Income Statement

Income Statement history of Hong Kong Exchanges and Clearing Limited (HKEX:0388)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 20.78B 19.05B 16.28B 15.82B
Cost Of Revenue 777M 704M 647M 508M
Gross Profit 20B 18.35B 15.63B 15.31B
Research Development - - - -
Selling General Administrative 3.34B 3.32B 3.02B 3.16B
Non Recurring - - - -
Other Operating Expenses 309M 305M 333M 441M
Total Operating Expenses 5.78B 5.52B 5.04B 4.87B
Operating Income 15B 13.53B 11.24B 10.94B
Total Other Income Expense Net -158M -195M -288M -61M
Ebit 15B 13.53B 11.24B 10.94B
Interest Expense -100M -128M -125M -69M
Income Before Tax 14.84B 13.33B 10.95B 10.88B
Income Tax Expense 2.34B 1.84B 1.56B 1.59B
Minority Interest 284M 318M 328M 174M
Net Income From Continuing Ops 12.5B 11.49B 9.39B 9.29B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 12.54B 11.51B 9.39B 9.31B
Net Income Applicable To Common Shares 12.54B 11.51B 9.39B 9.31B

Balance Sheet Statement

Balance Sheet Statement history of Hong Kong Exchanges and Clearing Limited (HKEX:0388)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 12.4B 10.44B 10.6B 11.9B
Short Term Investments 10.93B 15.18B 7.61B 5.44B
Net Receivables 32.66B 47.11B 25.81B 18.13B
Other Current Assets 310.61B 295.79B 202.47B 193.24B
Total Current Assets 375.09B 375.71B 255.22B 235.8B
Long Term Investments 1.72B 779M 1.49B 461M
Property Plant Equipment 3.5B 3.85B 3.96B 1.62B
Good Will 13.36B 13.29B 13.34B 13.3B
Intangible Assets 5.61B 5.45B 5.03B 4.72B
Other Assets 25M 26M 17M 39M
Deferred Long Term Asset Charges 25M 26M 17M 19M
Total Assets 399.3B 399.11B 279.05B 255.95B
Accounts Payable 27.17B 40.99B 21.47B 17.47B
Short Long Term Debt 340M 340M 338M 1B
Other Current Liab 317.4B 303.49B 208.25B 194.66B
Long Term Debt 86M 83M 80M 161M
Other Liab 1.57B 1.4B 1.29B 1.25B
Minority Interest 284M 318M 328M 174M
Total Current Liabilities 345.98B 346.33B 230.94B 213.63B
Total Liab 349.39B 349.87B 234.55B 215.04B
Common Stock 31.9B 31.89B 30.45B 27.75B
Retained Earnings 18.8B 17.84B 14.79B 13.9B
Treasury Stock -1.07B -815M -1.07B -923M
Other Stockholder Equity -165M -330M -297M -241M
Total Stockholder Equity 49.63B 48.92B 44.17B 40.73B
Net Tangible Assets 30.65B 30.18B 25.8B 22.71B

Cash Flow Statement

Cash Flow Statement history of Hong Kong Exchanges and Clearing Limited (HKEX:0388)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 12.54B 11.51B 9.39B 9.31B
Depreciation 717M 684M 638M 357M
Change To Netincome -1.56B 2.19B -438M -306M
Change To Account Receivables 15.39B -14.9B -5.48B -704M
Change To Liabilities - - - -
Change To Operating Activities -15.38B 14.77B 5.54B 416M
Total Cash From Operating Activities 12.34B 14.77B 10.06B 9.48B
Capital Expenditures -1.07B -1.35B -1.09B -860M
Investments 3.31B -6.19B -2.53B -4.53B
Other Cashflows From Investing Activities 38M 56M 97M 60M
Total Cashflows From Investing Activities 2.28B -7.48B -3.48B -5.33B
Dividends Paid -11.53B -6.98B -5.79B -5.43B
Net Borrowings -310M -284M -903M -781M
Other Cashflows From Financing Activities -151M -176M -181M -11M
Total Cash From Financing Activities -12.67B -7.47B -7.15B -6.52B
Effect Of Exchange Rate 9M 26M 26M 26M
Change In Cash 1.96B -161M -577M -2.37B
Repurchase Of Stock -681M -31M -285M -300M