AVEVA Group plc (LSE:AVV) Annual Report 2022

The latest annual report of AVEVA Group plc (AVV) was published on 31 Mar 2022. 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
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

AVV Income Statement 2022 Annual Report

As per the latest Income Statement of AVV, the Net revenue increased by £364.90M (44%) compared to the previous period. The operating income in 2022 decreased by £-60.50M (-53%). The net income as per the annual report was -62.6M which decreased by £-87.40M (-352%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 1.19B 820.4M
Gross Profit 953M 639.9M
Operating Income 54M 114.5M
Income Before Tax -18.6M 34.2M
Net Income -62.6M 24.8M

Balance Sheet - AVV 2022 Annual Report

Read further: AVV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AVEVA Group plc showed the company reduced the cash on balance sheet by £-7.30M (-3%). The Net tangible assets of AVV on the balance sheet were at -267.9M which is £104.80M (28%) more than previous annual report. The total stockholder equity also increased by £16.50M (0%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 279.3M 286.6M
Total Assets 6.67B 6.63B
Long Term Debt 684.5M 654M
Total Liabilities 1.46B 1.44B
Total Shareholder Equity 5.21B 5.19B
Net Tangible Assets -267.9M -372.7M

Cash Flow Statement - AVV 2022 Annual Report

The 2022 annual cash flow statement of AVEVA Group plc showed that the net income decreased by £-87.40M (-352%) compared to previous reporting period. Also the capital expenditure of AVV increased by £2.30M (21%).

As of 2022, the total cash from investing activities was 1.1M and total cash from financing activities was -147.3M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -62.6M 24.8M
Capital Expenditures -8.6M -10.9M
Dividends Paid -110M -82.4M
Total Cash From From Investing Activities 1.1M -3.12B
Total Cash From From Financing Activities -147.3M 3.35B

AVEVA Group plc Annual Report History

Income Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 1.19B 820.4M 833.8M 766.6M
Cost Of Revenue 232.3M 180.5M 190.1M 191.3M
Gross Profit 953M 639.9M 643.7M 575.3M
Research Development 342.8M 184.2M 184.2M 176.3M
Selling General Administrative 549.5M 337.5M 338.3M 316.8M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 1.13B 705.9M 712.6M 684.4M
Operating Income 54M 114.5M 121.2M 82.2M
Total Other Income Expense Net -72.6M -80.3M -29.2M -35.5M
Ebit 54M 114.5M 121.2M 82.2M
Interest Expense -12M -3M -3.1M -500k
Income Before Tax -18.6M 34.2M 92M 46.7M
Income Tax Expense 44M 9.4M 22.2M 12.9M
Minority Interest - - - -
Net Income From Continuing Ops -62.6M 24.8M 69.8M 33.8M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -62.6M 24.8M 69.8M 33.8M
Net Income Applicable To Common Shares -62.6M 24.8M 69.8M 33.8M

Balance Sheet Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 279.3M 286.6M 114.5M 127.2M
Net Receivables 639.1M 501.4M 372.2M 321.7M
Total Current Assets 974.7M 846.4M 519.4M 477.8M
Long Term Investments 400k 400k - -
Property Plant Equipment 139.8M 160.4M 107.1M 17.1M
Good Will 4B 3.9B 1.3B 1.29B
Intangible Assets 1.47B 1.66B 511.8M 594.2M
Other Assets 78.5M 55.2M 41.4M 26.4M
Deferred Long Term Asset Charges 47.2M 21.4M 19.1M 11.8M
Total Assets 6.67B 6.63B 2.48B 2.4B
Accounts Payable 30M 39.6M 20.1M 20.3M
Other Current Liab 386.2M 311.7M 194.7M 202.8M
Long Term Debt 684.5M 654M - -
Other Liab 95.4M 112.7M 131.4M 130.1M
Deferred Long Term Liab 6.3M 1.3M 3M 5.3M
Total Current Liabilities 608.1M 579.5M 349M 346.2M
Total Liab 1.46B 1.44B 533.7M 476.3M
Common Stock 10.7M 10.7M 5.7M 5.7M
Retained Earnings 986M 130.3M 181.2M 165.5M
Treasury Stock 1.37B 1.21B 1.18B 1.18B
Capital Surplus 2.84B 3.84B 574.5M 574.5M
Other Stockholder Equity 1.37B 1.21B 1.19B 1.19B
Total Stockholder Equity 5.21B 5.19B 1.94B 1.92B
Net Tangible Assets -267.9M -372.7M 134.2M 45M

Cash Flow Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income -62.6M 24.8M 69.8M 33.8M
Depreciation 97.9M 56.1M 51.5M 31.7M
Change To Netincome 39.1M -6.8M -13M -9.6M
Change To Account Receivables -131.9M -76.3M -56M -51.4M
Change To Liabilities 35.5M -7.5M 4.9M 69.2M
Change To Operating Activities -5.4M -300k 300k 500k
Total Cash From Operating Activities 137.4M 58.4M 122.1M 136.7M
Capital Expenditures -8.6M -10.9M -18.5M -7.4M
Other Cashflows From Investing Activities 1.9M -81.5M -1.7M 200k
Total Cashflows From Investing Activities 1.1M -3.12B -39.9M -27.2M
Dividends Paid -110M -82.4M -71.7M -66M
Net Borrowings -23.3M 627.1M -15.5M -10M
Other Cashflows From Financing Activities -12.7M -33.4M -3.3M -700k
Total Cash From Financing Activities -147.3M 3.35B -93.6M -86M
Effect Of Exchange Rate 1.5M -109.6M -1.3M -1.9M
Change In Cash -7.3M 172.1M -12.7M 21.6M
Repurchase Of Stock -1.3M -1.1M -3.1M -9.3M