F&C Investment Trust PLC (LSE:FCIT) Annual Report 2021



The latest annual report of F&C Investment Trust PLC (FCIT) was published on 31 Dec 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 - FCIT Annual Results

Amounts in GBP

Total Revenue
957.49M
Gross Profit
957.49M
EBIT
934.19M
Net Tangible Assets
5.28B
Net Income
919.28M
Capital Expenditures
-

FCIT Income Statement 2021 Annual Report

As per the latest Income Statement of FCIT, the Net revenue increased by £411.43M (75%) compared to the previous period. The operating income in 2021 increased by £408.81M (78%). The net income as per the annual report was 919.28M which increased by £412.17M (81%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue957.49M546.06M
Gross Profit957.49M546.06M
Operating Income934.19M525.39M
Income Before Tax927.16M514.58M
Net Income919.28M507.11M

Balance Sheet - FCIT 2021 Annual Report

Read further: FCIT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of F&C Investment Trust PLC showed the company increased the cash on balance sheet by £6.46M (14%). The Net tangible assets of FCIT on the balance sheet were at 5.28B which is £769.37M (17%) more than previous annual report. The total stockholder equity also increased by £769.37M (17%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash53.11M46.65M
Total Assets5.84B 4.93B
Long Term Debt439.84M366.62M
Total Liabilities559.57M 415.14M
Total Shareholder Equity5.28B4.51B
Net Tangible Assets5.28B4.51B

Cash Flow Statement - FCIT 2021 Annual Report

The 2021 annual cash flow statement of F&C Investment Trust PLC showed that the net income increased by £412.17M (81%) compared to previous reporting period. Also the capital expenditure of FCIT increased by £NaN (NaN%).

As of 2021, the total cash from investing activities was -44.66M and total cash from financing activities was 461k.

Cash Flow Statement Report (2021/2020)

20212020
Net Income919.28M507.11M
Capital Expenditures--
Dividends Paid-65.58M-62.77M
Total Cash From From Investing Activities-44.66M132.23M
Total Cash From From Financing Activities461k-137.24M

F&C Investment Trust PLC Annual Report History

Income Statement

Income Statement history of F&C Investment Trust PLC (LSE:FCIT)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue957.49M546.06M712.37M-74.64M
Cost Of Revenue----
Gross Profit957.49M546.06M712.37M-74.64M
Research Development----
Selling General Administrative23.3M20.68M21.15M21.3M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses23.3M20.68M21.15M21.3M
Operating Income934.19M525.39M691.21M-95.93M
Total Other Income Expense Net-7.04M-10.81M-6.11M-14.24M
Ebit934.19M525.39M691.21M-95.93M
Interest Expense-11.11M-9.4M-8.98M-8.88M
Income Before Tax927.16M514.58M685.1M-110.18M
Income Tax Expense7.88M7.47M8.02M8.04M
Minority Interest----
Net Income From Continuing Ops919.28M507.11M677.08M-118.22M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income919.28M507.11M677.08M-118.22M
Net Income Applicable To Common Shares919.28M507.11M677.08M-118.22M

Balance Sheet Statement

Balance Sheet Statement history of F&C Investment Trust PLC (LSE:FCIT)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash53.11M46.65M28.2M96.44M
Net Receivables4.51M10.73M16.68M33.47M
Total Current Assets61.38M70.33M48.76M135.14M
Long Term Investments5.78B4.86B4.51B3.72B
Total Assets5.84B4.93B4.56B3.85B
Accounts Payable42k4.49M12.35M30.76M
Other Current Liab5.59M420k-878k
Long Term Debt439.84M366.62M361.17M215.2M
Total Current Liabilities119.73M48.52M90.86M145.63M
Total Liab559.57M415.14M452.03M360.83M
Common Stock140.46M140.46M140.46M140.46M
Retained Earnings5.02B4.25B3.85B3.23B
Treasury Stock122.31M122.31M122.31M122.31M
Other Stockholder Equity122.31M122.31M122.31M122.31M
Total Stockholder Equity5.28B4.51B4.11B3.49B
Net Tangible Assets5.28B4.51B4.11B3.49B

Cash Flow Statement

Cash Flow Statement history of F&C Investment Trust PLC (LSE:FCIT)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income919.28M507.11M677.08M-118.22M
Change To Netincome-880.24M-478.71M-624.72M165.77M
Change To Account Receivables60k-32k-8k782k
Change To Liabilities-61k139k-688k324k
Total Cash From Operating Activities39.04M28.5M51.66M48.66M
Investments-44.6M132.31M-171.78M45.96M
Other Cashflows From Investing Activities-56k-76k-42k-57k
Total Cashflows From Investing Activities-44.66M132.23M-171.83M45.9M
Dividends Paid-65.58M-62.77M-61.91M-58.56M
Net Borrowings150M-35M116.21M25M
Total Cash From Financing Activities461k-137.24M54.34M-33.08M
Effect Of Exchange Rate11.62M-5.03M-2.42M3.83M
Change In Cash6.46M18.46M-68.24M65.3M
Repurchase Of Stock-83.96M-41.4M-9.28M-194k
Capital Expenditures----