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)

20222021
Total Revenue20.85B21.33B
Gross Profit8.6B8.44B
Operating Income3.12B3.01B
Income Before Tax1.96B1.8B
Net Income1.27B1.47B

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)

20222021
Cash777M1B
Total Assets49.77B 50.88B
Long Term Debt15.31B15.77B
Total Liabilities34.48B 39.2B
Total Shareholder Equity15.3B11.68B
Net Tangible Assets1.49B-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)

20222021
Net Income1.27B1.47B
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 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue20.85B21.33B22.91B23.43B
Cost Of Revenue12.25B12.89B13.88B14.65B
Gross Profit8.6B8.44B9.02B8.78B
Research Development----
Selling General Administrative312M255M303M322M
Non Recurring----
Other Operating Expenses693M675M751M1.22B
Total Operating Expenses17.73B18.32B19.36B19.73B
Operating Income3.12B3.01B3.55B3.69B
Total Other Income Expense Net-1.16B-1.21B-1.19B-1.03B
Ebit3.12B3.01B3.55B3.69B
Interest Expense-765M-714M-751M-595M
Income Before Tax1.96B1.8B2.35B2.67B
Income Tax Expense689M332M619M507M
Minority Interest----
Net Income From Continuing Ops1.27B1.47B1.73B2.16B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.27B1.47B1.73B2.16B
Net Income Applicable To Common Shares1.27B1.47B1.73B2.16B

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash777M1B1.55B1.67B
Short Term Investments2.61B3.57B5.01B3.21B
Net Receivables3.81B3.35B3.18B3.57B
Inventory300M297M300M369M
Other Current Assets881M828M1.34B927M
Total Current Assets8.91B10.4B11.99B10.44B
Long Term Investments39M48M32M101M
Property Plant Equipment25.03B24.26B23.86B17.84B
Good Will7.92B7.84B7.95B8.01B
Intangible Assets5.89B5.52B5.94B6.38B
Other Assets1.99B2.81B3.29B3.52B
Deferred Long Term Asset Charges289M989M300M1.35B
Total Assets49.77B50.88B53.07B46.29B
Accounts Payable4.14B4.02B3.89B4.14B
Short Long Term Debt788M807M2.66B2.01B
Other Current Liab2.11B2.22B2.34B2.17B
Long Term Debt15.31B15.77B16.49B14.59B
Other Liab5.16B9B5.08B11.74B
Deferred Long Term Liab226M211M259M272M
Total Current Liabilities9.05B9.01B10.99B9.6B
Total Liab34.48B39.2B38.3B36.12B
Common Stock499M499M499M499M
Retained Earnings12.4B8.84B9.76B3.92B
Treasury Stock1.34B1.29B3.45B4.7B
Capital Surplus1.05B1.05B1.05B1.05B
Other Stockholder Equity1.62B1.43B3.69B4.87B
Total Stockholder Equity15.3B11.68B14.76B10.17B
Net Tangible Assets1.49B-1.68B874M-4.22B

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income1.27B1.47B1.73B2.16B
Depreciation3.77B3.63B3.65B2.91B
Change To Netincome1.6B963M1.47B724M
Change To Account Receivables-104M186M44M-43M
Change To Liabilities6M-91M-92M-15M
Change To Inventory-3M2M69M-138M
Change To Operating Activities-1.27B-916M-1.23B-1.98B
Total Cash From Operating Activities5.91B5.96B6.27B4.26B
Capital Expenditures-4.61B-4.9B-4.11B-3.68B
Investments962M1.41B-1.85B-209M
Other Cashflows From Investing Activities7M11M31M23M
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-1.94B1.08B2.55B
Other Cashflows From Financing Activities-870M-1.26B-284M-407M
Total Cash From Financing Activities-2.56B-3.22B-807M634M
Effect Of Exchange Rate4M-17M1M5M
Change In Cash-204M-513M-185M1.09B
Repurchase Of Stock-184M-14M-86M-9M
Issuance Of Stock13M1M2M5M