Frasers Group plc (LSE:FRAS) Annual Report 2022



The latest annual report of Frasers Group plc (FRAS) was published on 24 Apr 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 - FRAS Annual Results

Amounts in GBP

Total Revenue
4.75B
Gross Profit
2.07B
EBIT
552.1M
Net Tangible Assets
1.23B
Net Income
290.2M
Capital Expenditures
-323.1M

FRAS Income Statement 2022 Annual Report

As per the latest Income Statement of FRAS, the Net revenue increased by £1.1216B (31%) compared to the previous period. The operating income in 2022 increased by £307.80M (126%). The net income as per the annual report was 290.2M which increased by £373.20M (450%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue4.75B3.63B
Gross Profit2.07B1.53B
Operating Income552.1M244.3M
Income Before Tax366.1M8.5M
Net Income290.2M-83M

Balance Sheet - FRAS 2022 Annual Report

Read further: FRAS Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Frasers Group plc showed the company reduced the cash on balance sheet by £-164.30M (-36%). The Net tangible assets of FRAS on the balance sheet were at 1.23B which is £158.90M (15%) more than previous annual report. The total stockholder equity also increased by £154.20M (13%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash292.7M457M
Total Assets3.92B 3.79B
Long Term Debt684.3M705.9M
Total Liabilities2.55B 2.57B
Total Shareholder Equity1.35B1.19B
Net Tangible Assets1.23B1.07B

Cash Flow Statement - FRAS 2022 Annual Report

The 2022 annual cash flow statement of Frasers Group plc showed that the net income increased by £373.20M (450%) compared to previous reporting period. Also the capital expenditure of FRAS decreased by £-103.70M (-47%).

As of 2022, the total cash from investing activities was -116.9M and total cash from financing activities was -424.3M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income290.2M-83M
Capital Expenditures-323.1M-219.4M
Dividends Paid--
Total Cash From From Investing Activities-116.9M-280.4M
Total Cash From From Financing Activities-424.3M-310.3M

Frasers Group plc Annual Report History

Income Statement

Income Statement history of Frasers Group plc (LSE:FRAS)

24 Apr 202225 Apr 202126 Apr 202028 Apr 2019
Total Revenue4.75B3.63B3.96B3.7B
Cost Of Revenue2.67B2.1B2.29B2.12B
Gross Profit2.07B1.53B1.66B1.58B
Research Development----
Selling General Administrative1.57B1.01B1.22B1.29B
Non Recurring----
Other Operating Expenses-47.6M-36.6M-35.5M-35.5M
Total Operating Expenses4.19B3.38B3.74B3.53B
Operating Income552.1M244.3M215.9M170.9M
Total Other Income Expense Net-186M-235.8M-72.4M8.3M
Ebit552.1M244.3M215.9M170.9M
Interest Expense-8M-31.5M-29.2M-19.3M
Income Before Tax366.1M8.5M143.5M179.2M
Income Tax Expense68.8M86.5M42.5M63.2M
Minority Interest22M18.1M13M5.8M
Net Income From Continuing Ops297.3M-78M101M116M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income290.2M-83M93.8M112M
Net Income Applicable To Common Shares290.2M-83M93.8M112M

Balance Sheet Statement

Balance Sheet Statement history of Frasers Group plc (LSE:FRAS)

24 Apr 202225 Apr 202126 Apr 202028 Apr 2019
Cash292.7M457M534M448M
Net Receivables773.1M330.9M288.4M347.2M
Inventory1.25B1.1B1.2B978.4M
Other Current Assets116.5M186.4M149.4M198.2M
Total Current Assets2.44B2.16B2.22B2.03B
Long Term Investments206.6M263.3M83.8M95.6M
Property Plant Equipment991.9M1.16B1.35B823.2M
Intangible Assets115.8M73.8M89.3M95.7M
Other Assets165.5M80.9M68.8M45.9M
Deferred Long Term Asset Charges76.3M66.8M49.9M23.7M
Total Assets3.92B3.79B3.87B3.15B
Accounts Payable693M281.8M306.9M241.2M
Other Current Liab134.3M202.2M203.2M197.9M
Long Term Debt684.3M705.9M900M820M
Other Liab423.9M390.1M363.5M471.4M
Minority Interest22M18.1M13M5.8M
Total Current Liabilities946.6M943.9M848.2M598.5M
Total Liab2.55B2.57B2.59B1.9B
Common Stock64.1M64.1M64.1M64.1M
Retained Earnings1.84B1.55B1.56B1.52B
Treasury Stock-1.43B-1.3B-1.24B-1.21B
Capital Surplus874.4M874.4M874.4M874.4M
Other Stockholder Equity-874.3M-937.7M-873.4M-864.5M
Total Stockholder Equity1.35B1.19B1.27B1.25B
Net Tangible Assets1.23B1.07B1.12B1.09B

Cash Flow Statement

Cash Flow Statement history of Frasers Group plc (LSE:FRAS)

24 Apr 202225 Apr 202126 Apr 202028 Apr 2019
Net Income290.2M-83M93.8M112M
Depreciation258.6M307.2M397.5M125.4M
Change To Netincome125.8M241.8M-14M41.1M
Change To Account Receivables-227.2M-136.6M73.5M-139.3M
Change To Liabilities63.7M64.9M61.8M-76.5M
Change To Inventory-158.2M99.3M-120.8M-14.5M
Change To Operating Activities23.9M25.4M-115.1M225.1M
Total Cash From Operating Activities376.8M519M376.7M273.3M
Capital Expenditures-323.1M-219.4M-323.5M-158.5M
Investments40M-58.2M-25.5M-3M
Other Cashflows From Investing Activities124.7M9.5M10.3M3.7M
Total Cashflows From Investing Activities-116.9M-280.4M-193.4M-237.5M
Net Borrowings-197.7M-273.5M-40.1M69.4M
Other Cashflows From Financing Activities-33.4M-32.5M-18.3M-13M
Total Cash From Financing Activities-424.3M-310.3M-102.3M49.1M
Effect Of Exchange Rate100k-5.3M5M3.1M
Change In Cash-164.3M-77M86M88M
Repurchase Of Stock-193.2M-4.3M-43.9M-7.3M
Dividends Paid----