B&M European Value Retail S.A. (LSE:BME) Annual Report 2022



The latest annual report of B&M European Value Retail S.A. (BME) was published on 26 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 - BME Annual Results

Amounts in GBP

Total Revenue
4.67B
Gross Profit
1.75B
EBIT
610M
Net Tangible Assets
-294M
Net Income
422M
Capital Expenditures
-96M

BME Income Statement 2022 Annual Report

As per the latest Income Statement of BME, the Net revenue decreased by £-128.00M (-3%) compared to the previous period. The operating income in 2022 increased by £4.00M (1%). The net income as per the annual report was 422M which decreased by £-6.00M (-1%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 4.67B 4.8B
Gross Profit 1.75B 1.76B
Operating Income 610M 606M
Income Before Tax 525M 525M
Net Income 422M 428M

Balance Sheet - BME 2022 Annual Report

Read further: BME Balance Sheet Detailed Analysis

The latest balance sheet from annual result of B&M European Value Retail S.A. showed the company reduced the cash on balance sheet by £-45.00M (-21%). The Net tangible assets of BME on the balance sheet were at -294M which is £12.00M (4%) more than previous annual report. The total stockholder equity also increased by £13.00M (2%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 173M 218M
Total Assets 3.64B 3.36B
Long Term Debt 950M 723M
Total Liabilities 2.89B 2.62B
Total Shareholder Equity 746M 733M
Net Tangible Assets -294M -306M

Cash Flow Statement - BME 2022 Annual Report

The 2022 annual cash flow statement of B&M European Value Retail S.A. showed that the net income decreased by £-6.00M (-1%) compared to previous reporting period. Also the capital expenditure of BME decreased by £-9.00M (-10%).

As of 2022, the total cash from investing activities was -85M and total cash from financing activities was -450M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 422M 428M
Capital Expenditures -96M -87M
Dividends Paid -14.5M -96.6M
Total Cash From From Investing Activities -85M -70M
Total Cash From From Financing Activities -450M -969M

B&M European Value Retail S.A. Annual Report History

Income Statement

Income Statement history of B&M European Value Retail S.A. (LSE:BME)

26 Mar 2022 27 Mar 2021 28 Mar 2020 30 Mar 2019
Total Revenue 4.67B 4.8B 3.81B 3.27B
Cost Of Revenue 2.92B 3.04B 2.52B 2.15B
Gross Profit 1.75B 1.76B 1.29B 1.12B
Research Development - - - -
Selling General Administrative 1.14B 1.16B 964.5M 799.52M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 4.06B 4.2B 3.49B 2.95B
Operating Income 610M 606M 322.25M 318.74M
Total Other Income Expense Net -85M -81M -70.23M -74.41M
Ebit 610M 606M 322.25M 318.74M
Interest Expense -88M -85M -82.02M -74.6M
Income Before Tax 525M 525M 252.02M 244.33M
Income Tax Expense 103M 97M 57.25M 49.22M
Minority Interest - - - 9.75M
Net Income From Continuing Ops 422M 428M 194.78M 195.11M
Discontinued Operations - - -113.92M -3.98M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 422M 428M 90.03M 193.85M
Net Income Applicable To Common Shares 422M 428M 90.03M 193.85M

Balance Sheet Statement

Balance Sheet Statement history of B&M European Value Retail S.A. (LSE:BME)

26 Mar 2022 27 Mar 2021 28 Mar 2020 30 Mar 2019
Cash 173M 218M 428.2M 86.2M
Net Receivables 42M 28M 40.81M 35.37M
Inventory 863M 605M 588M 665.57M
Other Current Assets 25M 4M 16.7M 6.29M
Total Current Assets 1.12B 869M 1.09B 814.25M
Long Term Investments 8M 4M 5.7M 6.92M
Property Plant Equipment 1.43B 1.41B 1.4B 1.42B
Good Will 920M 921M 921.91M 954.76M
Intangible Assets 120M 118M 119.7M 126.56M
Other Assets 38M 39M 30.5M 30.99M
Deferred Long Term Asset Charges 31M 32M 22.99M 23.75M
Total Assets 3.64B 3.36B 3.57B 3.35B
Accounts Payable 415M 352M 326.58M 310.15M
Short Long Term Debt 6M 7M 8.76M 5.81M
Other Current Liab 27M 43M 188.33M 50.27M
Long Term Debt 950M 723M 561.42M 562.94M
Other Liab 47M 32M 29.95M 27.28M
Total Current Liabilities 755M 731M 965.13M 699.71M
Total Liab 2.89B 2.62B 2.7B 2.35B
Common Stock 100M 100M 100.06M 100.06M
Retained Earnings 131M 138M 254.84M 403.38M
Treasury Stock -1.96B -1.98B -1.96B -1.99B
Capital Surplus 2.48B 2.48B 2.47B 2.47B
Other Stockholder Equity -1.96B -1.98B -1.96B -1.99B
Total Stockholder Equity 746M 733M 867.4M 992.48M
Net Tangible Assets -294M -306M -174.21M -88.83M

Cash Flow Statement

Cash Flow Statement history of B&M European Value Retail S.A. (LSE:BME)

26 Mar 2022 27 Mar 2021 28 Mar 2020 30 Mar 2019
Net Income 422M 428M 90.03M 193.85M
Depreciation 225M 214M 211.43M 177.87M
Change To Netincome 70M 81M 136.07M 61.08M
Change To Account Receivables -12M 9M 693k -32.13M
Change To Liabilities 40M 105M 77.08M 12.2M
Change To Inventory -260M -20M 29.35M -40.95M
Change To Operating Activities 2M 6M 686k 81k
Total Cash From Operating Activities 491M 827M 549.6M 375.73M
Capital Expenditures -96M -87M -123.27M -103.31M
Total Cashflows From Investing Activities -85M -70M 29.7M -181.55M
Dividends Paid -14.5M -96.6M -76.04M -75.04M
Net Borrowings 66M -176M -69.93M -41.67M
Other Cashflows From Financing Activities -86M -96M -87.87M -80.95M
Total Cash From Financing Activities -450M -969M -233.78M -197.67M
Effect Of Exchange Rate -1M 3M 1.21M -658k
Change In Cash -45M -209M 346.72M -4.15M