Associated British Foods plc (LSE:ABF) Annual Report 2021



The latest annual report of Associated British Foods plc (ABF) was published on 18 Sep 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 - ABF Annual Results

Amounts in GBP

Total Revenue
13.88B
Gross Profit
3.13B
EBIT
875M
Net Tangible Assets
8.34B
Net Income
478M
Capital Expenditures
-551M

ABF Income Statement 2021 Annual Report

As per the latest Income Statement of ABF, the Net revenue decreased by £-53.00M (0%) compared to the previous period. The operating income in 2021 decreased by £-18.00M (-2%). The net income as per the annual report was 478M which increased by £23.00M (5%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue13.88B13.94B
Gross Profit3.13B3.14B
Operating Income875M893M
Income Before Tax725M686M
Net Income478M455M

Balance Sheet - ABF 2021 Annual Report

Read further: ABF Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Associated British Foods plc showed the company increased the cash on balance sheet by £279.00M (14%). The Net tangible assets of ABF on the balance sheet were at 8.34B which is £614.00M (8%) more than previous annual report. The total stockholder equity also increased by £566.00M (6%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.27B2B
Total Assets16.89B 16.67B
Long Term Debt76M318M
Total Liabilities6.89B 7.23B
Total Shareholder Equity9.92B9.36B
Net Tangible Assets8.34B7.73B

Cash Flow Statement - ABF 2021 Annual Report

The 2021 annual cash flow statement of Associated British Foods plc showed that the net income increased by £23.00M (5%) compared to previous reporting period. Also the capital expenditure of ABF increased by £10.00M (2%).

As of 2021, the total cash from investing activities was -561M and total cash from financing activities was -512M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income478M455M
Capital Expenditures-551M-561M
Dividends Paid-49M-271M
Total Cash From From Investing Activities-561M-518M
Total Cash From From Financing Activities-512M-678M

Associated British Foods plc Annual Report History

Income Statement

Income Statement history of Associated British Foods plc (LSE:ABF)

18 Sep 202112 Sep 202014 Sep 201914 Sep 2019
Total Revenue13.88B13.94B-15.82B
Cost Of Revenue10.75B10.8B-12.19B
Gross Profit3.13B3.14B-3.64B
Research Development----
Selling General Administrative2.26B2.24B2.24B2.32B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses13.01B13.04B-14.51B
Operating Income875M893M893M1.31B
Total Other Income Expense Net-150M-207M--140M
Ebit875M893M-1.31B
Interest Expense-111M-124M-124M-42M
Income Before Tax725M686M686M1.17B
Income Tax Expense227M221M-277M
Minority Interest83M84M84M98M
Net Income From Continuing Ops498M465M465M896M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income478M455M-878M
Net Income Applicable To Common Shares478M455M455M878M

Balance Sheet Statement

Balance Sheet Statement history of Associated British Foods plc (LSE:ABF)

18 Sep 202112 Sep 202014 Sep 201914 Sep 2019
Cash2.27B2B-1.5B
Short Term Investments32M32M-29M
Net Receivables1.27B1.23B-1.27B
Inventory2.24B2.22B-2.47B
Other Current Assets137M145M-142M
Total Current Assets6.11B5.75B-5.6B
Long Term Investments361M295M-282M
Property Plant Equipment7.93B8.64B-5.77B
Good Will1.12B1.17B-1.2B
Intangible Assets457M463M-478M
Other Assets913M351M-432M
Deferred Long Term Asset Charges218M212M-160M
Total Assets16.89B16.67B-13.76B
Accounts Payable938M909M-1.15B
Short Long Term Debt244M65M-89M
Other Current Liab728M850M-665M
Long Term Debt76M318M-348M
Other Liab541M417M-781M
Minority Interest83M84M-98M
Total Current Liabilities3.28B3.15B-3.07B
Total Liab6.89B7.23B-4.21B
Common Stock45M45M-45M
Retained Earnings9.69B8.82B-8.83B
Treasury Stock184M491M-575M
Other Stockholder Equity184M491M-575M
Total Stockholder Equity9.92B9.36B-9.45B
Net Tangible Assets8.34B7.73B-7.77B

Cash Flow Statement

Cash Flow Statement history of Associated British Foods plc (LSE:ABF)

18 Sep 202112 Sep 202014 Sep 201914 Sep 2019
Net Income478M455M-878M
Depreciation897M916M916M612M
Change To Netincome121M235M235M187M
Change To Account Receivables-98M81M81M18M
Change To Liabilities175M-174M-44M
Change To Inventory-120M199M199M-202M
Change To Operating Activities-40M41M41M-28M
Total Cash From Operating Activities1.41B1.75B1.75B1.51B
Capital Expenditures-551M-561M-561M-680M
Investments-14M-1M-1M-1M
Other Cashflows From Investing Activities82M89M89M72M
Total Cashflows From Investing Activities-561M-518M-518M-731M
Dividends Paid-49M-271M-271M-358M
Net Borrowings-318M-292M-292M-261M
Other Cashflows From Financing Activities-145M-115M-115M-47M
Total Cash From Financing Activities-512M-678M-678M-691M
Effect Of Exchange Rate-60M-6M-6M-6M
Change In Cash280M551M551M87M