Aviva plc (LSE:AV) Annual Report 2021

The latest annual report of Aviva plc (AV) 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 - AV Annual Results

^{Amounts in GBP}

Total Revenue

16.66B

Gross Profit

2.85B

EBIT

97M

Net Tangible Assets

16.66B

Net Income

1.97B

Capital Expenditures

-86M

AV Income Statement 2021 Annual Report

As per the latest Income Statement of AV, the Net revenue decreased by £-9.182B (-36%) compared to the previous period. The operating income in 2021 decreased by £-2.785B (-97%). The net income as per the annual report was 1.97B which decreased by £-832.00M (-30%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	16.66B	25.84B
Gross Profit	2.85B	4.94B
Operating Income	97M	2.88B
Income Before Tax	801M	1.81B
Net Income	1.97B	2.8B

Balance Sheet - AV 2021 Annual Report

Read further: AV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Aviva plc showed the company reduced the cash on balance sheet by £-4.415B (-26%). The Net tangible assets of AV on the balance sheet were at 16.66B which is £-679.00M (-4%) less than previous annual report. The total stockholder equity also decreased by £-352.00M (-2%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	12.48B	16.9B
Total Assets	358.47B	479.86B
Long Term Debt	7.29B	9.58B
Total Liabilities	339.02B	459.3B
Total Shareholder Equity	19B	19.35B
Net Tangible Assets	16.66B	17.33B

Cash Flow Statement - AV 2021 Annual Report

The 2021 annual cash flow statement of Aviva plc showed that the net income decreased by £-832.00M (-30%) compared to previous reporting period. Also the capital expenditure of AV decreased by £-9.00M (-12%).

As of 2021, the total cash from investing activities was 74M and total cash from financing activities was -4.4B.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	1.97B	2.8B
Capital Expenditures	-86M	-77M
Dividends Paid	-1.13B	-280M
Total Cash From From Investing Activities	74M	-135M
Total Cash From From Financing Activities	-4.4B	-871M

Aviva plc Annual Report History

Income Statement

Income Statement history of Aviva plc (LSE:AV)

	31 Dec 2021	31 Dec 2020	31 Dec 2019	31 Dec 2018
Total Revenue	16.66B	25.84B	42.95B	22.27B
Cost Of Revenue	13.81B	20.91B	31.21B	20.5B
Gross Profit	2.85B	4.94B	11.74B	1.77B
Research Development	-	-	-	-
Selling General Administrative	13M	17M	23M	22M
Non Recurring	-	-	-	-
Other Operating Expenses	2.74B	2.04B	7.24B	398M
Total Operating Expenses	16.57B	22.96B	38.48B	20.92B
Operating Income	97M	2.88B	4.48B	1.35B
Total Other Income Expense Net	704M	-1.07B	-658M	304M
Ebit	97M	2.88B	4.48B	1.35B
Interest Expense	-427M	-466M	-473M	-491M
Income Before Tax	801M	1.81B	3.82B	1.65B
Income Tax Expense	465M	346M	1.2B	-35M
Minority Interest	252M	1.01B	977M	966M
Net Income From Continuing Ops	336M	1.47B	2.62B	1.69B
Discontinued Operations	1.7B	1.44B	43M	43M
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	1.97B	2.8B	2.55B	1.57B
Net Income Applicable To Common Shares	1.95B	2.75B	2.5B	1.51B

Balance Sheet Statement

Balance Sheet Statement history of Aviva plc (LSE:AV)

	31 Dec 2021	31 Dec 2020	31 Dec 2019	31 Dec 2018
Cash	12.48B	16.9B	19.52B	15.93B
Net Receivables	6.28B	9.54B	9.13B	8.71B
Other Current Assets	15.03B	31.07B	21.87B	20.61B
Total Current Assets	41.9B	69.97B	60.76B	53.76B
Long Term Investments	261B	343.4B	337.81B	315.94B
Property Plant Equipment	428M	768M	889M	548M
Good Will	1.74B	1.8B	1.85B	1.87B
Intangible Assets	4.87B	5.92B	5.99B	6.21B
Other Assets	48.53B	58B	52.73B	51.19B
Deferred Long Term Asset Charges	138M	119M	151M	185M
Total Assets	358.47B	479.86B	460.04B	429.52B
Other Current Liab	16.46B	37.59B	26.3B	25.11B
Long Term Debt	7.29B	9.58B	8.8B	9.17B
Other Liab	314.74B	411.49B	405.44B	376.53B
Minority Interest	252M	1.01B	977M	966M
Total Current Liabilities	16.58B	37.85B	26.63B	25.36B
Total Liab	339.02B	459.3B	441.36B	411.07B
Common Stock	941M	982M	980M	975M
Retained Earnings	7.56B	7.47B	5.07B	4.52B
Treasury Stock	9.26B	9.66B	10.22B	10.58B
Capital Surplus	1.25B	1.24B	1.24B	1.21B
Other Stockholder Equity	9.31B	9.67B	10.23B	10.59B
Total Stockholder Equity	19B	19.35B	17.51B	17.29B
Net Tangible Assets	16.66B	17.33B	15.62B	15.37B

Cash Flow Statement

Cash Flow Statement history of Aviva plc (LSE:AV)

	31 Dec 2021	31 Dec 2020	31 Dec 2019	31 Dec 2018
Net Income	1.97B	2.8B	2.55B	1.57B
Depreciation	219M	269M	297M	249M
Change To Netincome	-12.91B	-20.55B	-27.93B	16.22B
Change To Liabilities	-	-	-	-
Change To Operating Activities	10.83B	14.87B	30.87B	-12.82B
Total Cash From Operating Activities	220M	-2.48B	5.97B	5.4B
Capital Expenditures	-86M	-77M	-63M	-87M
Total Cashflows From Investing Activities	74M	-135M	-150M	437M
Dividends Paid	-1.13B	-280M	-1.24B	-1.19B
Net Borrowings	-2.04B	-40M	-375M	-1.03B
Other Cashflows From Financing Activities	-510M	-552M	-589M	-647M
Total Cash From Financing Activities	-4.4B	-871M	-2.19B	-3.46B
Effect Of Exchange Rate	-196M	236M	-245M	61M
Change In Cash	-4.3B	-3.25B	3.38B	2.43B
Repurchase Of Stock	-732M	-2M	-9M	-604M
Issuance Of Stock	6M	3M	27M	8M