Admiral Group plc (LSE:ADM) Annual Report 2021



The latest annual report of Admiral Group plc (ADM) 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 - ADM Annual Results

Amounts in GBP

Total Revenue
1.55B
Gross Profit
1.21B
EBIT
731.5M
Net Tangible Assets
1.25B
Net Income
997.9M
Capital Expenditures
-10.6M

ADM Income Statement 2021 Annual Report

As per the latest Income Statement of ADM, the Net revenue increased by £248.80M (19%) compared to the previous period. The operating income in 2021 increased by £103.80M (17%). The net income as per the annual report was 997.9M which increased by £469.10M (89%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue1.55B1.3B
Gross Profit1.21B985.7M
Operating Income731.5M627.7M
Income Before Tax713.5M608.2M
Net Income997.9M528.8M

Balance Sheet - ADM 2021 Annual Report

Read further: ADM Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Admiral Group plc showed the company increased the cash on balance sheet by £62.60M (23%). The Net tangible assets of ADM on the balance sheet were at 1.25B which is £281.20M (29%) more than previous annual report. The total stockholder equity also increased by £293.50M (26%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash335.1M272.5M
Total Assets8.36B 7.84B
Long Term Debt650.9M465M
Total Liabilities6.95B 6.72B
Total Shareholder Equity1.41B1.11B
Net Tangible Assets1.25B973.3M

Cash Flow Statement - ADM 2021 Annual Report

The 2021 annual cash flow statement of Admiral Group plc showed that the net income increased by £469.10M (89%) compared to previous reporting period. Also the capital expenditure of ADM increased by £7.60M (42%).

As of 2021, the total cash from investing activities was 387.8M and total cash from financing activities was -564.8M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income997.9M528.8M
Capital Expenditures-10.6M-18.2M
Dividends Paid-442.17M-322.28M
Total Cash From From Investing Activities387.8M-43.1M
Total Cash From From Financing Activities-564.8M-498.1M

Admiral Group plc Annual Report History

Income Statement

Income Statement history of Admiral Group plc (LSE:ADM)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue1.55B1.3B1.21B1.27B
Cost Of Revenue343M319M373.1M350.1M
Gross Profit1.21B985.7M841.6M915.1M
Research Development----
Selling General Administrative479M358M317.7M424M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses822M677M690.8M774.1M
Operating Income731.5M627.7M523.9M491.1M
Total Other Income Expense Net-18M-19.5M-18.8M-14.9M
Ebit731.5M627.7M523.9M491.1M
Interest Expense-19.8M-21.5M-20.8M-14.9M
Income Before Tax713.5M608.2M505.1M476.2M
Income Tax Expense130.2M106.2M89.2M85.7M
Minority Interest2.3M10.7M9.2M12.8M
Net Income From Continuing Ops583.3M502M415.9M390.5M
Discontinued Operations413.4M25.8M12.5M12.5M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income997.9M528.8M432.4M395.1M
Net Income Applicable To Common Shares997.9M528.8M432.4M395.1M

Balance Sheet Statement

Balance Sheet Statement history of Admiral Group plc (LSE:ADM)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash335.1M272.5M281.7M376.8M
Net Receivables1.19B1.18B1.21B1.07B
Other Current Assets2.22B2.19B2.07B1.88B
Total Current Assets4.83B5.01B4.74B4.64B
Long Term Investments2.68B2.17B2.07B1.67B
Property Plant Equipment103.2M140.4M154.4M28.1M
Good Will62.3M62.3M62.3M62.3M
Intangible Assets117.6M104.4M98M99.7M
Other Assets566.1M359.8M455.1M300.4M
Deferred Long Term Asset Charges9.3M--200k
Total Assets8.36B7.84B7.59B6.8B
Accounts Payable2.22B2.17B2.07B2.05B
Other Current Liab1.29B1.29B1.26B1.41B
Long Term Debt650.9M465M508.7M307.3M
Other Liab2.47B2.49B2.53B2B
Minority Interest2.3M10.7M9.2M12.8M
Total Current Liabilities3.73B3.65B3.5B3.72B
Total Liab6.95B6.72B6.67B6.03B
Common Stock300k300k300k300k
Retained Earnings1.35B1B840.9M713.5M
Treasury Stock44M94.9M55.1M31.4M
Capital Surplus13.1M13.1M13.1M13.1M
Other Stockholder Equity44M94.9M55.1M31.4M
Total Stockholder Equity1.41B1.11B909.4M758.3M
Net Tangible Assets1.25B973.3M773.9M619.7M

Cash Flow Statement

Cash Flow Statement history of Admiral Group plc (LSE:ADM)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income997.9M528.8M432.4M395.1M
Depreciation23.6M23.6M23.9M12M
Change To Netincome-566.5M-200.2M-146.2M-187.1M
Change To Account Receivables-9.2M25.1M-147M-145M
Change To Liabilities-56.1M40.2M174.4M159.9M
Change To Operating Activities-164.4M172.1M-118.3M-66.3M
Total Cash From Operating Activities244.6M608.8M236.6M184.1M
Capital Expenditures-10.6M-18.2M-16.6M-10M
Other Cashflows From Investing Activities457M-100k-100k-100k
Total Cashflows From Investing Activities387.8M-43.1M-33.6M-23.9M
Dividends Paid-442.17M-322.28M-260.58M-226.4M
Net Borrowings176.3M-55.6M75.3M220.2M
Other Cashflows From Financing Activities-20.2M-16.8M-12.4M5.2M
Total Cash From Financing Activities-564.8M-498.1M-304.9M-107.3M
Effect Of Exchange Rate-5.3M2.4M6.8M-2.9M
Change In Cash21M70M-95.1M50M