Airtel Africa Plc (LSE:AAF) Annual Report 2022



The latest annual report of Airtel Africa Plc (AAF) was published on 31 Mar 2022. 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 - AAF Annual Results

Amounts in USD

Total Revenue
4.72B
Gross Profit
2.98B
EBIT
1.57B
Net Tangible Assets
-959M
Net Income
631M
Capital Expenditures
-717M

AAF Income Statement 2022 Annual Report

As per the latest Income Statement of AAF, the Net revenue increased by $805.00M (21%) compared to the previous period. The operating income in 2022 increased by $441.00M (39%). The net income as per the annual report was 631M which increased by $292.00M (86%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue4.72B3.92B
Gross Profit2.98B2.35B
Operating Income1.57B1.13B
Income Before Tax1.22B697M
Net Income631M339M

Balance Sheet - AAF 2022 Annual Report

Read further: AAF Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Airtel Africa Plc showed the company reduced the cash on balance sheet by $-432.00M (-40%). The Net tangible assets of AAF on the balance sheet were at -959M which is $206.00M (18%) more than previous annual report. The total stockholder equity also increased by $97.00M (3%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash638M1.07B
Total Assets10.36B 9.99B
Long Term Debt1.49B1.87B
Total Liabilities6.71B 6.64B
Total Shareholder Equity3.5B3.4B
Net Tangible Assets-959M-1.17B

Cash Flow Statement - AAF 2022 Annual Report

The 2022 annual cash flow statement of Airtel Africa Plc showed that the net income increased by $292.00M (86%) compared to previous reporting period. Also the capital expenditure of AAF decreased by $-72.00M (-11%).

As of 2022, the total cash from investing activities was -557M and total cash from financing activities was -1.61B.

Cash Flow Statement Report (2022/2021)

20222021
Net Income631M339M
Capital Expenditures-717M-645M
Dividends Paid-169M-169M
Total Cash From From Investing Activities-557M-1.16B
Total Cash From From Financing Activities-1.61B-575M

Airtel Africa Plc Annual Report History

Income Statement

Income Statement history of Airtel Africa Plc (LSE:AAF)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue4.72B3.92B3.44B3.1B
Cost Of Revenue1.75B1.57B1.47B1.36B
Gross Profit2.98B2.35B1.97B1.75B
Research Development----
Selling General Administrative224M187M148M152M
Non Recurring----
Other Operating Expenses444M351M295M283M
Total Operating Expenses3.16B2.79B2.51B2.32B
Operating Income1.57B1.13B926M780M
Total Other Income Expense Net-343M-429M-328M-432M
Ebit1.57B1.13B926M780M
Interest Expense-422M-306M-299M-327M
Income Before Tax1.22B697M598M348M
Income Tax Expense469M282M190M-78M
Minority Interest147M-52M-107M-196M
Net Income From Continuing Ops755M415M408M426M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income631M339M370M388M
Net Income Applicable To Common Shares631M339M370M388M

Balance Sheet Statement

Balance Sheet Statement history of Airtel Africa Plc (LSE:AAF)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash638M1.07B1.01B848M
Short Term Investments220M16M17M18M
Net Receivables123M201M220M198M
Inventory3M7M3M3M
Other Current Assets1.01B524M335M289M
Total Current Assets2B1.91B1.67B1.42B
Long Term Investments6M13M4M3M
Property Plant Equipment3.51B3.03B2.73B2.62B
Good Will3.83B3.83B3.94B4.13B
Intangible Assets634M735M486M419M
Other Assets388M473M491M518M
Deferred Long Term Asset Charges222M314M333M346M
Total Assets10.36B9.99B9.32B9.11B
Accounts Payable404M366M416M470M
Short Long Term Debt234M1.13B429M559M
Other Current Liab1.56B1.18B1.01B1.07B
Long Term Debt1.49B1.87B2.45B2.44B
Other Liab819M227M140M96M
Minority Interest147M-52M-107M-196M
Total Current Liabilities3.07B3.5B2.49B3.1B
Total Liab6.71B6.64B6.04B6.68B
Common Stock1.88B1.88B1.88B3.08B
Retained Earnings3.44B2.98B2.81B1.69B
Treasury Stock-1.81B-1.45B-1.3B-2.61B
Other Stockholder Equity-1.81B-1.45B-1.3B-2.61B
Total Stockholder Equity3.5B3.4B3.39B2.63B
Net Tangible Assets-959M-1.17B-1.04B-1.92B

Cash Flow Statement

Cash Flow Statement history of Airtel Africa Plc (LSE:AAF)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income631M339M370M388M
Depreciation744M681M605M573M
Change To Netincome605M570M399M241M
Change To Account Receivables-18M-8M-11M-29M
Change To Liabilities61M-22M-6M-51M
Change To Inventory4M-4M-1M-1M
Change To Operating Activities-16M110M31M-56M
Total Cash From Operating Activities2.01B1.67B1.39B1.07B
Capital Expenditures-717M-645M-656M-568M
Investments-87M-257M-257M-257M
Other Cashflows From Investing Activities19M14M29M21M
Total Cashflows From Investing Activities-557M-1.16B-801M-630M
Dividends Paid-169M-169M-113M-113M
Net Borrowings-1.39B-66M-735M-1.75B
Other Cashflows From Financing Activities-39M-336M-209M-454M
Total Cash From Financing Activities-1.61B-575M-370M179M
Effect Of Exchange Rate-3M-17M1M4M
Change In Cash-156M-84M217M624M
Repurchase Of Stock-6M-4M-4M-4M