BT Group plc (LSE:BT-A) Annual Report 2022



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

Amounts in GBP

Total Revenue
20.85B
Gross Profit
8.6B
EBIT
3.12B
Net Tangible Assets
1.49B
Net Income
1.27B
Capital Expenditures
-4.61B

BT-A Income Statement 2022 Annual Report

As per the latest Income Statement of BT-A, the Net revenue decreased by £-481.00M (-2%) compared to the previous period. The operating income in 2022 increased by £109.00M (4%). The net income as per the annual report was 1.27B which decreased by £-198.00M (-13%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 20.85B 21.33B
Gross Profit 8.6B 8.44B
Operating Income 3.12B 3.01B
Income Before Tax 1.96B 1.8B
Net Income 1.27B 1.47B

Balance Sheet - BT-A 2022 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 £-223.00M (-22%). The Net tangible assets of BT-A on the balance sheet were at 1.49B which is £3.165B (189%) more than previous annual report. The total stockholder equity also increased by £3.617B (31%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 777M 1B
Total Assets 49.77B 50.88B
Long Term Debt 15.31B 15.77B
Total Liabilities 34.48B 39.2B
Total Shareholder Equity 15.3B 11.68B
Net Tangible Assets 1.49B -1.68B

Cash Flow Statement - BT-A 2022 Annual Report

The 2022 annual cash flow statement of BT Group plc showed that the net income decreased by £-198.00M (-13%) compared to previous reporting period. Also the capital expenditure of BT-A increased by £296.00M (6%).

As of 2022, the total cash from investing activities was -3.56B and total cash from financing activities was -2.56B.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 1.27B 1.47B
Capital Expenditures -4.61B -4.9B
Dividends Paid -228M -2M
Total Cash From From Investing Activities -3.56B -3.24B
Total Cash From From Financing Activities -2.56B -3.22B

BT Group plc Annual Report History

Income Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 20.85B 21.33B 22.91B 23.43B
Cost Of Revenue 12.25B 12.89B 13.88B 14.65B
Gross Profit 8.6B 8.44B 9.02B 8.78B
Research Development - - - -
Selling General Administrative 312M 255M 303M 322M
Non Recurring - - - -
Other Operating Expenses 693M 675M 751M 1.22B
Total Operating Expenses 17.73B 18.32B 19.36B 19.73B
Operating Income 3.12B 3.01B 3.55B 3.69B
Total Other Income Expense Net -1.16B -1.21B -1.19B -1.03B
Ebit 3.12B 3.01B 3.55B 3.69B
Interest Expense -765M -714M -751M -595M
Income Before Tax 1.96B 1.8B 2.35B 2.67B
Income Tax Expense 689M 332M 619M 507M
Minority Interest - - - -
Net Income From Continuing Ops 1.27B 1.47B 1.73B 2.16B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.27B 1.47B 1.73B 2.16B
Net Income Applicable To Common Shares 1.27B 1.47B 1.73B 2.16B

Balance Sheet Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 777M 1B 1.55B 1.67B
Short Term Investments 2.61B 3.57B 5.01B 3.21B
Net Receivables 3.81B 3.35B 3.18B 3.57B
Inventory 300M 297M 300M 369M
Other Current Assets 881M 828M 1.34B 927M
Total Current Assets 8.91B 10.4B 11.99B 10.44B
Long Term Investments 39M 48M 32M 101M
Property Plant Equipment 25.03B 24.26B 23.86B 17.84B
Good Will 7.92B 7.84B 7.95B 8.01B
Intangible Assets 5.89B 5.52B 5.94B 6.38B
Other Assets 1.99B 2.81B 3.29B 3.52B
Deferred Long Term Asset Charges 289M 989M 300M 1.35B
Total Assets 49.77B 50.88B 53.07B 46.29B
Accounts Payable 4.14B 4.02B 3.89B 4.14B
Short Long Term Debt 788M 807M 2.66B 2.01B
Other Current Liab 2.11B 2.22B 2.34B 2.17B
Long Term Debt 15.31B 15.77B 16.49B 14.59B
Other Liab 5.16B 9B 5.08B 11.74B
Deferred Long Term Liab 226M 211M 259M 272M
Total Current Liabilities 9.05B 9.01B 10.99B 9.6B
Total Liab 34.48B 39.2B 38.3B 36.12B
Common Stock 499M 499M 499M 499M
Retained Earnings 12.4B 8.84B 9.76B 3.92B
Treasury Stock 1.34B 1.29B 3.45B 4.7B
Capital Surplus 1.05B 1.05B 1.05B 1.05B
Other Stockholder Equity 1.62B 1.43B 3.69B 4.87B
Total Stockholder Equity 15.3B 11.68B 14.76B 10.17B
Net Tangible Assets 1.49B -1.68B 874M -4.22B

Cash Flow Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 1.27B 1.47B 1.73B 2.16B
Depreciation 3.77B 3.63B 3.65B 2.91B
Change To Netincome 1.6B 963M 1.47B 724M
Change To Account Receivables -104M 186M 44M -43M
Change To Liabilities 6M -91M -92M -15M
Change To Inventory -3M 2M 69M -138M
Change To Operating Activities -1.27B -916M -1.23B -1.98B
Total Cash From Operating Activities 5.91B 5.96B 6.27B 4.26B
Capital Expenditures -4.61B -4.9B -4.11B -3.68B
Investments 962M 1.41B -1.85B -209M
Other Cashflows From Investing Activities 7M 11M 31M 23M
Total Cashflows From Investing Activities -3.56B -3.24B -5.65B -3.8B
Dividends Paid -228M -2M -1.52B -1.5B
Net Borrowings -1.29B -1.94B 1.08B 2.55B
Other Cashflows From Financing Activities -870M -1.26B -284M -407M
Total Cash From Financing Activities -2.56B -3.22B -807M 634M
Effect Of Exchange Rate 4M -17M 1M 5M
Change In Cash -204M -513M -185M 1.09B
Repurchase Of Stock -184M -14M -86M -9M
Issuance Of Stock 13M 1M 2M 5M