BT Group plc (LSE:BT-A) Annual Report 2021



The latest annual report of BT Group plc (BT-A) 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 - BT-A Annual Results

Amounts in GBP

Total Revenue
21.33B
Gross Profit
8.45B
EBIT
3.02B
Net Tangible Assets
-1.68B
Net Income
1.47B
Capital Expenditures
-4.9B

BT-A Income Statement 2021 Annual Report

As per the latest Income Statement of BT-A, the Net revenue decreased by £-1.574B (-7%) compared to the previous period. The operating income in 2021 decreased by £-540.00M (-15%). The net income as per the annual report was 1.47B which decreased by £-262.00M (-15%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue21.33B22.91B
Gross Profit8.45B9.04B
Operating Income3.02B3.56B
Income Before Tax1.8B2.35B
Net Income1.47B1.73B

Balance Sheet - BT-A 2021 Annual Report

Read further: BT-A Balance Sheet Detailed Analysis

The latest balance sheet from annual result of BT Group plc showed the company reduced the cash on balance sheet by £-549.00M (-35%). The Net tangible assets of BT-A on the balance sheet were at -1.68B which is £-2.552B (-292%) less than previous annual report. The total stockholder equity also decreased by £-3.084B (-21%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1B1.55B
Total Assets50.88B 53.07B
Long Term Debt15.77B16.49B
Total Liabilities39.2B 38.3B
Total Shareholder Equity11.68B14.76B
Net Tangible Assets-1.68B874M

Cash Flow Statement - BT-A 2021 Annual Report

The 2021 annual cash flow statement of BT Group plc showed that the net income decreased by £-262.00M (-15%) compared to previous reporting period. Also the capital expenditure of BT-A decreased by £-798.00M (-19%).

As of 2021, the total cash from investing activities was -3.24B and total cash from financing activities was -3.22B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income1.47B1.73B
Capital Expenditures-4.9B-4.11B
Dividends Paid-2M-1.52B
Total Cash From From Investing Activities-3.24B-5.65B
Total Cash From From Financing Activities-3.22B-807M

BT Group plc Annual Report History

Income Statement

Income Statement history of BT Group plc (LSE:BT-A)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue21.33B22.91B23.43B23.72B
Cost Of Revenue12.88B13.87B14.65B14.83B
Gross Profit8.45B9.04B8.78B8.89B
Research Development----
Selling General Administrative255M303M322M317M
Non Recurring----
Other Operating Expenses675M751M1.22B1.26B
Total Operating Expenses18.31B19.34B19.73B19.92B
Operating Income3.02B3.56B3.69B3.8B
Total Other Income Expense Net-1.22B-1.21B-1.03B-1.18B
Ebit3.02B3.56B3.69B3.8B
Interest Expense-714M-751M-595M-508M
Income Before Tax1.8B2.35B2.67B2.62B
Income Tax Expense332M619M507M584M
Minority Interest----
Net Income From Continuing Ops1.47B1.73B2.16B2.03B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.47B1.73B2.16B2.03B
Net Income Applicable To Common Shares1.47B1.73B2.16B2.03B

Balance Sheet Statement

Balance Sheet Statement history of BT Group plc (LSE:BT-A)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash1B1.55B1.67B528M
Short Term Investments3.57B5.01B3.21B3.02B
Net Receivables3.35B3.18B3.57B2.99B
Inventory297M300M369M239M
Other Current Assets828M1.34B927M469M
Total Current Assets10.4B11.99B10.44B8.35B
Long Term Investments48M32M101M91M
Property Plant Equipment24.26B23.86B17.84B17B
Good Will7.84B7.95B8.01B7.95B
Intangible Assets5.52B5.94B6.38B6.5B
Other Assets2.81B3.29B3.52B2.96B
Deferred Long Term Asset Charges989M300M1.35B1.33B
Total Assets50.88B53.07B46.29B42.84B
Accounts Payable4.02B3.89B4.14B3.99B
Short Long Term Debt807M2.66B2.01B2.23B
Other Current Liab2.22B2.34B2.17B2.72B
Long Term Debt15.77B16.49B14.59B11.79B
Other Liab9B5.08B11.74B10.75B
Deferred Long Term Liab211M259M272M-
Total Current Liabilities9.01B10.99B9.6B10.19B
Total Liab39.2B38.3B36.12B32.93B
Common Stock499M499M499M499M
Retained Earnings8.84B9.76B3.92B1.37B
Treasury Stock1.29B3.45B4.7B7B
Capital Surplus1.05B1.05B1.05B1.05B
Other Stockholder Equity1.43B3.69B4.87B7.18B
Total Stockholder Equity11.68B14.76B10.17B9.91B
Net Tangible Assets-1.68B874M-4.22B-4.54B

Cash Flow Statement

Cash Flow Statement history of BT Group plc (LSE:BT-A)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income1.47B1.73B2.16B2.03B
Depreciation3.63B3.65B2.91B3.51B
Change To Netincome963M1.47B724M908M
Change To Account Receivables186M44M-43M-156M
Change To Liabilities-91M-92M-15M-345M
Change To Inventory2M69M-138M-14M
Change To Operating Activities-916M-1.23B-1.98B-1.01B
Total Cash From Operating Activities5.96B6.27B4.26B4.93B
Capital Expenditures-4.9B-4.11B-3.68B-3.36B
Investments1.41B-1.85B-209M-1.49B
Other Cashflows From Investing Activities11M31M23M7M
Total Cashflows From Investing Activities-3.24B-5.65B-3.8B-4.83B
Dividends Paid-2M-1.52B-1.5B-1.52B
Net Borrowings-1.94B1.08B2.55B2.36B
Other Cashflows From Financing Activities-1.26B-284M-407M-743M
Total Cash From Financing Activities-3.22B-807M634M-75M
Effect Of Exchange Rate-17M1M5M-31M
Change In Cash-513M-185M1.09B-12M
Repurchase Of Stock-14M-86M-9M-221M
Issuance Of Stock1M2M5M53M