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)

20212020
Total Revenue2.7B2.43B
Gross Profit941.62M903.27M
Operating Income660.84M734.32M
Income Before Tax611.53M551.25M
Net Income421.21M374.12M

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)

20212020
Cash1.24B1.07B
Total Assets5.77B 5.67B
Long Term Debt1.16B1.16B
Total Liabilities1.96B 2.06B
Total Shareholder Equity3.62B3.48B
Net Tangible Assets3.62B3.48B

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)

20212020
Net Income421.21M374.12M
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-227.32M178.73M

Fresnillo plc Annual Report History

Income Statement

Income Statement history of Fresnillo plc (LSE:FRES)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue2.7B2.43B2.12B2.1B
Cost Of Revenue1.76B1.53B1.66B1.32B
Gross Profit941.62M903.27M461.71M780.73M
Research Development----
Selling General Administrative129.04M117.97M120.42M105.95M
Non Recurring----
Other Operating Expenses21.93M-55.89M-38.9M-10.05M
Total Operating Expenses2.04B1.7B1.9B1.59B
Operating Income660.84M734.32M223.41M513.41M
Total Other Income Expense Net-49.3M-183.06M-44.66M-29.48M
Ebit660.84M734.32M223.41M513.41M
Interest Expense-49.39M-69.08M-58.13M-36.26M
Income Before Tax611.53M551.25M178.75M483.93M
Income Tax Expense173.04M175.67M-27.06M133.96M
Minority Interest184.55M135.56M134.06M78.97M
Net Income From Continuing Ops438.5M375.58M205.81M349.97M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income421.21M374.12M204M349.85M
Net Income Applicable To Common Shares421.21M374.12M204M349.85M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash1.24B1.07B336.58M560.78M
Net Receivables401.42M512.93M494.77M462.03M
Inventory396.18M351.59M272.12M243.4M
Other Current Assets35.25M47.73M43.52M21.11M
Total Current Assets2.09B2B1.15B1.3B
Long Term Investments164.53M212.58M123.02M78.22M
Property Plant Equipment2.8B2.71B2.81B2.69B
Other Assets715.45M750.42M747.72M682M
Deferred Long Term Asset Charges67.3M120.68M110.77M88.88M
Total Assets5.77B5.67B4.83B4.76B
Accounts Payable130.49M87.01M107.63M92.14M
Other Current Liab141.68M92.03M12.06M19.54M
Long Term Debt1.16B1.16B801.24M800.13M
Other Liab332.21M552.38M563.11M667.16M
Minority Interest184.55M135.56M134.06M78.97M
Total Current Liabilities468.9M340.71M180.08M160.6M
Total Liab1.96B2.06B1.55B1.63B
Common Stock368.55M368.55M368.55M368.55M
Retained Earnings2.54B2.36B2.09B2.03B
Treasury Stock-447.33M-406.59M-471.37M-506.94M
Capital Surplus1.15B1.15B1.15B1.15B
Other Stockholder Equity-447.33M-406.59M-471.37M-506.94M
Total Stockholder Equity3.62B3.48B3.14B3.05B
Net Tangible Assets3.62B3.48B3.14B3.05B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income421.21M374.12M204M349.85M
Depreciation529.39M515.91M490.68M411.76M
Change To Netincome-113.46M157.42M-202.14M-45.37M
Change To Account Receivables85.58M-61.56M-39.26M-60.38M
Change To Liabilities19.25M10.93M14.63M8.17M
Change To Inventory-44.6M-79.47M-28.72M-63.92M
Change To Operating Activities-2.23M331k-3.28M-11.75M
Total Cash From Operating Activities895.14M917.68M435.91M588.36M
Capital Expenditures-592.05M-412.33M-559.26M-668.67M
Other Cashflows From Investing Activities84.44M45.96M48.48M55.82M
Total Cashflows From Investing Activities-501.56M-366.1M-509.48M-591.35M
Dividends Paid-245.56M-104.69M-142.18M-298.07M
Net Borrowings35.69M343.26M-4.68M-4.68M
Other Cashflows From Financing Activities-17.45M-59.84M-3.81M-11.56M
Total Cash From Financing Activities-227.32M178.73M-150.67M-309.63M
Effect Of Exchange Rate-1.39M3.52M31k-2.62M
Change In Cash164.87M733.84M-224.21M-315.25M