Intermediate Capital Group plc (LSE:ICP) Annual Report 2021

The latest annual report of Intermediate Capital Group plc (ICP) was published on 31 Mar 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 - ICP Annual Results

^{Amounts in GBP}

Total Revenue

775.7M

Gross Profit

775.7M

EBIT

Net Tangible Assets

1.6B

Net Income

457.1M

Capital Expenditures

-6.9M

ICP Income Statement 2021 Annual Report

As per the latest Income Statement of ICP, the Net revenue increased by £415.70M (115%) compared to the previous period. The operating income in 2021 increased by £506.60M (650%). The net income as per the annual report was 457.1M which increased by £348.20M (320%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	775.7M	360M
Gross Profit	775.7M	360M
Operating Income	584.5M	77.9M
Income Before Tax	509.5M	114.5M
Net Income	457.1M	108.9M

Balance Sheet - ICP 2021 Annual Report

Read further: ICP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Intermediate Capital Group plc showed the company reduced the cash on balance sheet by £-505.70M (-47%). The Net tangible assets of ICP on the balance sheet were at 1.6B which is £313.20M (24%) more than previous annual report. The total stockholder equity also increased by £308.00M (24%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	581.2M	1.09B
Total Assets	7.46B	7.02B
Long Term Debt	1.24B	1.71B
Total Liabilities	5.84B	5.71B
Total Shareholder Equity	1.62B	1.31B
Net Tangible Assets	1.6B	1.28B

Cash Flow Statement - ICP 2021 Annual Report

The 2021 annual cash flow statement of Intermediate Capital Group plc showed that the net income increased by £348.20M (320%) compared to previous reporting period. Also the capital expenditure of ICP decreased by £-2.90M (-72%).

As of 2021, the total cash from investing activities was 64.7M and total cash from financing activities was -653.3M.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	457.1M	108.9M
Capital Expenditures	-6.9M	-4M
Dividends Paid	-150.9M	-142.8M
Total Cash From From Investing Activities	64.7M	-74M
Total Cash From From Financing Activities	-653.3M	471.2M

Intermediate Capital Group plc Annual Report History

Income Statement

Income Statement history of Intermediate Capital Group plc (LSE:ICP)

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Total Revenue	775.7M	360M	414.3M	425.7M
Cost Of Revenue	-	-	-	-
Gross Profit	775.7M	360M	414.3M	425.7M
Research Development	-	-	-	-
Selling General Administrative	247.6M	231.1M	227.9M	216M
Non Recurring	-	-	-	-
Other Operating Expenses	-71.9M	40.7M	17.7M	-14.7M
Total Operating Expenses	191.2M	282.1M	245.6M	201.3M
Operating Income	584.5M	77.9M	168.7M	224.4M
Total Other Income Expense Net	-75M	36.6M	14.2M	-25.3M
Ebit	-	-	-	-
Interest Expense	-	-	-	-
Income Before Tax	509.5M	114.5M	182.9M	199.1M
Income Tax Expense	48.5M	3.9M	-1.6M	-51.7M
Minority Interest	5M	1.5M	10.9M	500k
Net Income From Continuing Ops	461M	110.6M	184.5M	250.8M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	457.1M	108.9M	180.1M	251M
Net Income Applicable To Common Shares	457.1M	108.9M	180.1M	251M

Balance Sheet Statement

Balance Sheet Statement history of Intermediate Capital Group plc (LSE:ICP)

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Cash	581.2M	1.09B	354M	520.7M
Net Receivables	211M	195.6M	230.6M	470.2M
Other Current Assets	71.9M	12.4M	112M	26.4M
Total Current Assets	973.6M	1.42B	748.2M	1.1B
Long Term Investments	6.33B	5.52B	5.73B	5.18B
Property Plant Equipment	67M	13.4M	12.6M	10.5M
Good Will	4.3M	4.3M	4.3M	4.3M
Intangible Assets	17.2M	22.4M	11.1M	13.7M
Other Assets	67.5M	35.8M	12.8M	-
Deferred Long Term Asset Charges	2.9M	3.2M	12.8M	-
Total Assets	7.46B	7.02B	6.52B	6.31B
Accounts Payable	426M	284.8M	2.3M	2M
Short Long Term Debt	180.7M	318.5M	14.1M	185.2M
Other Current Liab	8.8M	7.3M	281.2M	393.5M
Long Term Debt	1.24B	1.71B	1.23B	917.3M
Other Liab	3.93B	3.38B	3.45B	3.32B
Minority Interest	5M	1.5M	10.9M	500k
Total Current Liabilities	620.5M	615M	444.6M	751.8M
Total Liab	5.84B	5.71B	5.12B	4.99B
Common Stock	77.2M	77.2M	77.2M	77.2M
Retained Earnings	1.36B	1.08B	1.13B	1.05B
Treasury Stock	-2.9M	-28.3M	-3.5M	6.2M
Capital Surplus	180.2M	179.9M	179.5M	179.4M
Other Stockholder Equity	79.3M	86.1M	89.3M	83.8M
Total Stockholder Equity	1.62B	1.31B	1.38B	1.32B
Net Tangible Assets	1.6B	1.28B	1.37B	1.3B

Cash Flow Statement

Cash Flow Statement history of Intermediate Capital Group plc (LSE:ICP)

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Net Income	457.1M	108.9M	180.1M	251M
Depreciation	10.1M	6.5M	5.9M	5.7M
Change To Netincome	-413.5M	158.4M	-214.1M	-603M
Change To Account Receivables	-35.4M	31.7M	31.7M	31.7M
Change To Liabilities	87.2M	-8.4M	-	-
Total Cash From Operating Activities	111M	300.9M	-28.1M	-346.3M
Capital Expenditures	-6.9M	-4M	-5.2M	-4.2M
Other Cashflows From Investing Activities	40.6M	-26.9M	-26.9M	-26.9M
Total Cashflows From Investing Activities	64.7M	-74M	7.7M	-4.2M
Dividends Paid	-150.9M	-142.8M	-88.3M	-80.7M
Net Borrowings	-502.4M	654.3M	185.9M	369.4M
Total Cash From Financing Activities	-653.3M	471.2M	-133.1M	74.6M
Effect Of Exchange Rate	-28.1M	34.8M	-13.2M	15.7M
Change In Cash	-505.7M	732.9M	-166.7M	-260.2M