HomeServe plc (LSE:HSV) Annual Report 2022



The latest annual report of HomeServe plc (HSV) 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 - HSV Annual Results

Amounts in GBP

Total Revenue
1.43B
Gross Profit
729.29M
EBIT
196.7M
Net Tangible Assets
-464.4M
Net Income
132.8M
Capital Expenditures
-6.2M

HSV Income Statement 2022 Annual Report

As per the latest Income Statement of HSV, the Net revenue increased by £124.60M (10%) compared to the previous period. The operating income in 2022 increased by £26.60M (16%). The net income as per the annual report was 132.8M which increased by £101.70M (327%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue1.43B1.3B
Gross Profit729.29M679.71M
Operating Income196.7M170.1M
Income Before Tax175.1M47.2M
Net Income132.8M31.1M

Balance Sheet - HSV 2022 Annual Report

Read further: HSV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of HomeServe plc showed the company increased the cash on balance sheet by £3.10M (2%). The Net tangible assets of HSV on the balance sheet were at -464.4M which is £-72.80M (-19%) less than previous annual report. The total stockholder equity also increased by £63.60M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash174.5M171.4M
Total Assets1.96B 1.78B
Long Term Debt664.9M579.8M
Total Liabilities1.33B 1.2B
Total Shareholder Equity627.6M564M
Net Tangible Assets-464.4M-391.6M

Cash Flow Statement - HSV 2022 Annual Report

The 2022 annual cash flow statement of HomeServe plc showed that the net income increased by £101.70M (327%) compared to previous reporting period. Also the capital expenditure of HSV increased by £900000 (13%).

As of 2022, the total cash from investing activities was -194.3M and total cash from financing activities was -9.2M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income132.8M31.1M
Capital Expenditures-6.2M-7.1M
Dividends Paid-89.3M-80.5M
Total Cash From From Investing Activities-194.3M-154.4M
Total Cash From From Financing Activities-9.2M-41.6M

HomeServe plc Annual Report History

Income Statement

Income Statement history of HomeServe plc (LSE:HSV)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue1.43B1.3B1.13B1B
Cost Of Revenue700.01M625M522.33M486.7M
Gross Profit729.29M679.71M609.97M516.9M
Research Development----
Selling General Administrative420.59M393M343.47M307.9M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses1.23B1.13B967.2M854.7M
Operating Income196.7M170.1M165.1M148.9M
Total Other Income Expense Net-21.6M-122.9M-27.2M-9.4M
Ebit196.7M170.1M165.1M148.9M
Interest Expense-26M-22.5M-19.2M-11.5M
Income Before Tax175.1M47.2M137.9M139.5M
Income Tax Expense41.7M15.4M32.1M31.2M
Minority Interest5.2M9.7M10.6M200k
Net Income From Continuing Ops133.4M31.8M105.8M108.3M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income132.8M31.1M106M108.5M
Net Income Applicable To Common Shares132.8M31.1M106M108.5M

Balance Sheet Statement

Balance Sheet Statement history of HomeServe plc (LSE:HSV)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash174.5M171.4M131.2M72.6M
Net Receivables526.7M489.3M477.8M412M
Inventory20.4M12.2M7.9M7M
Total Current Assets746.1M687.1M634.5M504.2M
Long Term Investments17.1M14.9M9.6M19.8M
Property Plant Equipment88.7M90.3M98.8M42.8M
Good Will667.9M564.3M509.9M407.9M
Intangible Assets424.1M391.3M497.1M418.6M
Other Assets20.7M29.3M33.1M41.3M
Deferred Long Term Asset Charges2.3M12.8M6M7.4M
Total Assets1.96B1.78B1.78B1.43B
Accounts Payable172.6M158.9M155.5M148.8M
Short Long Term Debt100.9M54M40.3M39.7M
Other Current Liab271.6M298M248.2M230.7M
Long Term Debt664.9M579.8M540.6M336.4M
Other Liab56.2M48.3M78.5M49.7M
Deferred Long Term Liab4.1M8.2M16.8M27.5M
Minority Interest5.2M9.7M10.6M200k
Total Current Liabilities574.4M536.8M472.4M434.2M
Total Liab1.33B1.2B1.14B821M
Common Stock9.1M9.1M9M9M
Retained Earnings299.2M247.4M299.9M293M
Treasury Stock120M111.1M137.5M130.7M
Capital Surplus199.3M196.4M189.3M180.7M
Other Stockholder Equity123M114.1M140.5M130.7M
Total Stockholder Equity627.6M564M635.7M613.4M
Net Tangible Assets-464.4M-391.6M-371.3M-213.1M

Cash Flow Statement

Cash Flow Statement history of HomeServe plc (LSE:HSV)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income132.8M31.1M106M108.5M
Depreciation80.8M79.2M66.6M41.2M
Change To Netincome1.9M93.5M21M10M
Change To Account Receivables-26.1M-20M-46.3M104M
Change To Liabilities-10.2M-4.3M3.2M-133.7M
Change To Inventory-4.9M-800k-1M-700k
Total Cash From Operating Activities207.6M223M192M162M
Capital Expenditures-6.2M-7.1M-8.2M-9M
Investments-3.6M-2.2M8.4M-5.4M
Other Cashflows From Investing Activities-1.2M100k500k200k
Total Cashflows From Investing Activities-194.3M-154.4M-217.6M-158.4M
Dividends Paid-89.3M-80.5M-73.5M-65M
Net Borrowings98.6M41.1M170.2M74.7M
Other Cashflows From Financing Activities-18.5M-2.2M-8.5M-1.6M
Total Cash From Financing Activities-9.2M-41.6M85.3M10.3M
Effect Of Exchange Rate4M-8.8M-1.1M900k
Change In Cash8.1M18.2M58.6M14.8M