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