AVEVA Group plc (LSE:AVV) Annual Report 2021

The latest annual report of AVEVA Group plc (AVV) was published on 31 Mar 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 - AVV Annual Results

^{Amounts in GBP}

Total Revenue

820.4M

Gross Profit

639.9M

EBIT

118.9M

Net Tangible Assets

-372.7M

Net Income

24.8M

Capital Expenditures

-10.9M

AVV Income Statement 2021 Annual Report

As per the latest Income Statement of AVV, the Net revenue decreased by £-13.40M (-2%) compared to the previous period. The operating income in 2021 decreased by £-2.30M (-2%). The net income as per the annual report was 24.8M which decreased by £-45.00M (-64%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	820.4M	833.8M
Gross Profit	639.9M	643.7M
Operating Income	118.9M	121.2M
Income Before Tax	34.2M	92M
Net Income	24.8M	69.8M

Balance Sheet - AVV 2021 Annual Report

Read further: AVV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AVEVA Group plc showed the company increased the cash on balance sheet by £172.10M (150%). The Net tangible assets of AVV on the balance sheet were at -372.7M which is £-506.90M (-378%) less than previous annual report. The total stockholder equity also increased by £3.251B (167%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	286.6M	114.5M
Total Assets	6.63B	2.48B
Long Term Debt	654M	-
Total Liabilities	1.44B	533.7M
Total Shareholder Equity	5.19B	1.94B
Net Tangible Assets	-372.7M	134.2M

Cash Flow Statement - AVV 2021 Annual Report

The 2021 annual cash flow statement of AVEVA Group plc showed that the net income decreased by £-45.00M (-64%) compared to previous reporting period. Also the capital expenditure of AVV increased by £7.60M (41%).

As of 2021, the total cash from investing activities was -3.12B and total cash from financing activities was 3.35B.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	24.8M	69.8M
Capital Expenditures	-10.9M	-18.5M
Dividends Paid	-82.4M	-71.7M
Total Cash From From Investing Activities	-3.12B	-39.9M
Total Cash From From Financing Activities	3.35B	-93.6M

AVEVA Group plc Annual Report History

Income Statement

Income Statement history of AVEVA Group plc (LSE:AVV)

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Total Revenue	820.4M	833.8M	766.6M	486.3M
Cost Of Revenue	180.5M	190.1M	191.3M	150.4M
Gross Profit	639.9M	643.7M	575.3M	335.9M
Research Development	184.2M	184.2M	176.3M	100.8M
Selling General Administrative	336.8M	338.3M	316.8M	172.7M
Non Recurring	-	-	-	-
Other Operating Expenses	-	-	-	-
Total Operating Expenses	701.5M	712.6M	684.4M	423.9M
Operating Income	118.9M	121.2M	82.2M	62.4M
Total Other Income Expense Net	-84.7M	-29.2M	-35.5M	-27.9M
Ebit	118.9M	121.2M	82.2M	62.4M
Interest Expense	-3M	-3.1M	-500k	-3.6M
Income Before Tax	34.2M	92M	46.7M	34.5M
Income Tax Expense	9.4M	22.2M	12.9M	-6M
Minority Interest	-	-	-	-
Net Income From Continuing Ops	24.8M	69.8M	33.8M	40.5M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	24.8M	69.8M	33.8M	40.5M
Net Income Applicable To Common Shares	24.8M	69.8M	33.8M	40.5M

Balance Sheet Statement

Balance Sheet Statement history of AVEVA Group plc (LSE:AVV)

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Cash	286.6M	114.5M	127.2M	105.6M
Net Receivables	501.4M	372.2M	321.7M	278.1M
Other Current Assets	8.3M	100k	600k	700k
Total Current Assets	846.4M	519.4M	477.8M	416.3M
Long Term Investments	400k	-	-	-
Property Plant Equipment	160.4M	107.1M	17.1M	14.8M
Good Will	3.9B	1.3B	1.29B	1.28B
Intangible Assets	1.66B	511.8M	594.2M	670.2M
Other Assets	55.2M	41.4M	26.4M	24.4M
Deferred Long Term Asset Charges	21.4M	19.1M	11.8M	9M
Total Assets	6.63B	2.48B	2.4B	2.41B
Accounts Payable	39.6M	20.1M	20.3M	22.9M
Other Current Liab	311.7M	194.7M	202.8M	185.9M
Long Term Debt	654M	-	-	-
Other Liab	112.7M	131.4M	130.1M	143.5M
Deferred Long Term Liab	1.3M	3M	5.3M	8.6M
Total Current Liabilities	579.5M	349M	346.2M	311M
Total Liab	1.44B	533.7M	476.3M	454.5M
Common Stock	10.7M	5.7M	5.7M	5.7M
Retained Earnings	130.3M	181.2M	165.5M	195.1M
Treasury Stock	1.21B	1.18B	1.18B	1.18B
Capital Surplus	3.84B	574.5M	574.5M	574.5M
Other Stockholder Equity	1.21B	1.19B	1.19B	1.18B
Total Stockholder Equity	5.19B	1.94B	1.92B	1.95B
Net Tangible Assets	-372.7M	134.2M	45M	1M

Cash Flow Statement

Cash Flow Statement history of AVEVA Group plc (LSE:AVV)

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Net Income	24.8M	69.8M	33.8M	40.5M
Depreciation	56.1M	51.5M	31.7M	18.1M
Change To Netincome	-6.8M	-13M	-9.6M	-28.1M
Change To Account Receivables	-75.6M	-56M	-51.4M	-28.4M
Change To Liabilities	-7.5M	4.9M	69.2M	28.9M
Change To Operating Activities	-1M	300k	500k	100k
Total Cash From Operating Activities	58.4M	122.1M	136.7M	62.6M
Capital Expenditures	-10.9M	-18.5M	-7.4M	-4.9M
Investments	-200k	500k	-400k	-8k
Other Cashflows From Investing Activities	-81.3M	-1.7M	200k	500k
Total Cashflows From Investing Activities	-3.12B	-39.9M	-27.2M	133M
Dividends Paid	-82.4M	-71.7M	-66M	-66M
Net Borrowings	627.1M	-15.5M	-10M	10M
Other Cashflows From Financing Activities	-33.4M	-3.3M	-700k	-123.3M
Total Cash From Financing Activities	3.35B	-93.6M	-86M	-113.3M
Effect Of Exchange Rate	-109.6M	-1.3M	-1.9M	900k
Change In Cash	172.1M	-12.7M	21.6M	83.2M
Repurchase Of Stock	-1.1M	-3.1M	-9.3M	-9.3M
Issuance Of Stock	2.84B	2.84B	2.84B	2.84B