Fresnillo plc (LSE:FRES) Annual Report 2021



The latest annual report of Fresnillo plc (FRES) 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 - FRES Annual Results

Amounts in USD

Total Revenue
2.7B
Gross Profit
941.62M
EBIT
660.84M
Net Tangible Assets
3.62B
Net Income
421.21M
Capital Expenditures
-592.05M

FRES Income Statement 2021 Annual Report

As per the latest Income Statement of FRES, the Net revenue increased by $273.04M (11%) compared to the previous period. The operating income in 2021 decreased by $-73.48M (-10%). The net income as per the annual report was 421.21M which increased by $47.09M (13%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 2.7B 2.43B
Gross Profit 941.62M 903.27M
Operating Income 660.84M 734.32M
Income Before Tax 611.53M 551.25M
Net Income 421.21M 374.12M

Balance Sheet - FRES 2021 Annual Report

Read further: FRES Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Fresnillo plc showed the company increased the cash on balance sheet by $164.87M (15%). The Net tangible assets of FRES on the balance sheet were at 3.62B which is $139.08M (4%) more than previous annual report. The total stockholder equity also increased by $139.08M (4%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 1.24B 1.07B
Total Assets 5.77B 5.67B
Long Term Debt 1.16B 1.16B
Total Liabilities 1.96B 2.06B
Total Shareholder Equity 3.62B 3.48B
Net Tangible Assets 3.62B 3.48B

Cash Flow Statement - FRES 2021 Annual Report

The 2021 annual cash flow statement of Fresnillo plc showed that the net income increased by $47.09M (13%) compared to previous reporting period. Also the capital expenditure of FRES decreased by $-179.73M (-44%).

As of 2021, the total cash from investing activities was -501.56M and total cash from financing activities was -227.32M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 421.21M 374.12M
Capital Expenditures -592.05M -412.33M
Dividends Paid -245.56M -104.69M
Total Cash From From Investing Activities -501.56M -366.1M
Total Cash From From Financing Activities -227.32M 178.73M

Fresnillo plc Annual Report History

Income Statement

Income Statement history of Fresnillo plc (LSE:FRES)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 2.7B 2.43B 2.12B 2.1B
Cost Of Revenue 1.76B 1.53B 1.66B 1.32B
Gross Profit 941.62M 903.27M 461.71M 780.73M
Research Development - - - -
Selling General Administrative 129.04M 117.97M 120.42M 105.95M
Non Recurring - - - -
Other Operating Expenses 21.93M -55.89M -38.9M -10.05M
Total Operating Expenses 2.04B 1.7B 1.9B 1.59B
Operating Income 660.84M 734.32M 223.41M 513.41M
Total Other Income Expense Net -49.3M -183.06M -44.66M -29.48M
Ebit 660.84M 734.32M 223.41M 513.41M
Interest Expense -49.39M -69.08M -58.13M -36.26M
Income Before Tax 611.53M 551.25M 178.75M 483.93M
Income Tax Expense 173.04M 175.67M -27.06M 133.96M
Minority Interest 184.55M 135.56M 134.06M 78.97M
Net Income From Continuing Ops 438.5M 375.58M 205.81M 349.97M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 421.21M 374.12M 204M 349.85M
Net Income Applicable To Common Shares 421.21M 374.12M 204M 349.85M

Balance Sheet Statement

Balance Sheet Statement history of Fresnillo plc (LSE:FRES)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 1.24B 1.07B 336.58M 560.78M
Net Receivables 401.42M 512.93M 494.77M 462.03M
Inventory 396.18M 351.59M 272.12M 243.4M
Other Current Assets 35.25M 47.73M 43.52M 21.11M
Total Current Assets 2.09B 2B 1.15B 1.3B
Long Term Investments 164.53M 212.58M 123.02M 78.22M
Property Plant Equipment 2.8B 2.71B 2.81B 2.69B
Other Assets 715.45M 750.42M 747.72M 682M
Deferred Long Term Asset Charges 67.3M 120.68M 110.77M 88.88M
Total Assets 5.77B 5.67B 4.83B 4.76B
Accounts Payable 130.49M 87.01M 107.63M 92.14M
Other Current Liab 141.68M 92.03M 12.06M 19.54M
Long Term Debt 1.16B 1.16B 801.24M 800.13M
Other Liab 332.21M 552.38M 563.11M 667.16M
Minority Interest 184.55M 135.56M 134.06M 78.97M
Total Current Liabilities 468.9M 340.71M 180.08M 160.6M
Total Liab 1.96B 2.06B 1.55B 1.63B
Common Stock 368.55M 368.55M 368.55M 368.55M
Retained Earnings 2.54B 2.36B 2.09B 2.03B
Treasury Stock -447.33M -406.59M -471.37M -506.94M
Capital Surplus 1.15B 1.15B 1.15B 1.15B
Other Stockholder Equity -447.33M -406.59M -471.37M -506.94M
Total Stockholder Equity 3.62B 3.48B 3.14B 3.05B
Net Tangible Assets 3.62B 3.48B 3.14B 3.05B

Cash Flow Statement

Cash Flow Statement history of Fresnillo plc (LSE:FRES)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 421.21M 374.12M 204M 349.85M
Depreciation 529.39M 515.91M 490.68M 411.76M
Change To Netincome -113.46M 157.42M -202.14M -45.37M
Change To Account Receivables 85.58M -61.56M -39.26M -60.38M
Change To Liabilities 19.25M 10.93M 14.63M 8.17M
Change To Inventory -44.6M -79.47M -28.72M -63.92M
Change To Operating Activities -2.23M 331k -3.28M -11.75M
Total Cash From Operating Activities 895.14M 917.68M 435.91M 588.36M
Capital Expenditures -592.05M -412.33M -559.26M -668.67M
Other Cashflows From Investing Activities 84.44M 45.96M 48.48M 55.82M
Total Cashflows From Investing Activities -501.56M -366.1M -509.48M -591.35M
Dividends Paid -245.56M -104.69M -142.18M -298.07M
Net Borrowings 35.69M 343.26M -4.68M -4.68M
Other Cashflows From Financing Activities -17.45M -59.84M -3.81M -11.56M
Total Cash From Financing Activities -227.32M 178.73M -150.67M -309.63M
Effect Of Exchange Rate -1.39M 3.52M 31k -2.62M
Change In Cash 164.87M 733.84M -224.21M -315.25M