Intertek Group plc (LSE:ITRK) Annual Report 2021



The latest annual report of Intertek Group plc (ITRK) 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 - ITRK Annual Results

Amounts in GBP

Total Revenue
2.79B
Gross Profit
1.55B
EBIT
444.5M
Net Tangible Assets
-517.9M
Net Income
288.1M
Capital Expenditures
-97.1M

ITRK Income Statement 2021 Annual Report

As per the latest Income Statement of ITRK, the Net revenue increased by £44.60M (2%) compared to the previous period. The operating income in 2021 increased by £45.10M (11%). The net income as per the annual report was 288.1M which increased by £40.80M (16%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 2.79B 2.74B
Gross Profit 1.55B 1.54B
Operating Income 444.5M 399.4M
Income Before Tax 413.4M 343.9M
Net Income 288.1M 247.3M

Balance Sheet - ITRK 2021 Annual Report

Read further: ITRK Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Intertek Group plc showed the company increased the cash on balance sheet by £62.00M (30%). The Net tangible assets of ITRK on the balance sheet were at -517.9M which is £-377.30M (-268%) less than previous annual report. The total stockholder equity also increased by £107.00M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 265.9M 203.9M
Total Assets 3.25B 2.62B
Long Term Debt 537.2M 592.8M
Total Liabilities 2.14B 1.61B
Total Shareholder Equity 1.08B 975M
Net Tangible Assets -517.9M -140.6M

Cash Flow Statement - ITRK 2021 Annual Report

The 2021 annual cash flow statement of Intertek Group plc showed that the net income increased by £40.80M (16%) compared to previous reporting period. Also the capital expenditure of ITRK decreased by £-17.30M (-22%).

As of 2021, the total cash from investing activities was -586.4M and total cash from financing activities was 122.8M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 288.1M 247.3M
Capital Expenditures -97.1M -79.8M
Dividends Paid -170.6M -170.4M
Total Cash From From Investing Activities -586.4M -71.6M
Total Cash From From Financing Activities 122.8M -508.9M

Intertek Group plc Annual Report History

Income Statement

Income Statement history of Intertek Group plc (LSE:ITRK)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 2.79B 2.74B 2.99B 2.8B
Cost Of Revenue 1.23B 1.2B 1.3B 1.24B
Gross Profit 1.55B 1.54B 1.68B 1.56B
Research Development - - - -
Selling General Administrative - - - -
Non Recurring - - - -
Other Operating Expenses 941.2M 969.1M 1.02B 1.02B
Total Operating Expenses 2.34B 2.34B 2.49B 2.34B
Operating Income 444.5M 399.4M 495.9M 457.9M
Total Other Income Expense Net -31.1M -55.5M -50.8M -53.4M
Ebit 444.5M 399.4M 495.9M 457.9M
Interest Expense -26.7M -28.9M -35.5M -26.2M
Income Before Tax 413.4M 343.9M 445.1M 404.5M
Income Tax Expense 106.7M 81.3M 111.5M 99.3M
Minority Interest 32.3M 28M 29.4M 34.3M
Net Income From Continuing Ops 306.7M 262.6M 333.6M 305.2M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 288.1M 247.3M 313.1M 284.4M
Net Income Applicable To Common Shares 288.1M 247.3M 313.1M 284.4M

Balance Sheet Statement

Balance Sheet Statement history of Intertek Group plc (LSE:ITRK)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 265.9M 203.9M 227.4M 206.9M
Net Receivables 637.5M 606.9M 679.1M 667.3M
Inventory 14.9M 15.5M 19.2M 18.3M
Total Current Assets 963.3M 865.1M 960.1M 929.3M
Property Plant Equipment 641.8M 585.8M 644.2M 441.2M
Good Will 1.24B 835.9M 859.8M 874.9M
Intangible Assets 358.5M 279.7M 302.4M 329.5M
Other Assets 44.7M 48.6M 51.9M 58.4M
Deferred Long Term Asset Charges 39.3M 48.6M 51.9M 58.4M
Total Assets 3.25B 2.62B 2.82B 2.63B
Accounts Payable 153.4M 142M 163.8M 154M
Short Long Term Debt 460.1M 10.5M 224.5M 134.6M
Other Current Liab 290.5M 268.7M 195M 210.4M
Long Term Debt 537.2M 592.8M 617.9M 846.8M
Other Liab 103.8M 105.3M 130.9M 135.8M
Minority Interest 32.3M 28M 29.4M 34.3M
Total Current Liabilities 1.27B 751.2M 900M 742.7M
Total Liab 2.14B 1.61B 1.83B 1.73B
Common Stock 1.6M 1.6M 1.6M 1.6M
Retained Earnings 925.1M 796.4M 727.7M 607.5M
Treasury Stock -102.5M -80.8M -31.2M 7.1M
Capital Surplus 257.8M 257.8M 257.8M 257.8M
Other Stockholder Equity -102.5M -80.8M -31.2M 7.1M
Total Stockholder Equity 1.08B 975M 955.9M 874M
Net Tangible Assets -517.9M -140.6M -206.3M -330.4M

Cash Flow Statement

Cash Flow Statement history of Intertek Group plc (LSE:ITRK)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 288.1M 247.3M 313.1M 284.4M
Depreciation 179.9M 184.7M 185.3M 100.8M
Change To Netincome 34.8M 21.3M 39.4M 49.6M
Change To Account Receivables -29.2M 52.9M -25.6M -16M
Change To Liabilities 62M 36.8M 40.7M 35.2M
Change To Inventory 600k 3.5M -1.5M 1M
Change To Operating Activities -4.7M -5.1M -3.9M -9M
Total Cash From Operating Activities 550.2M 558.8M 562.8M 458.5M
Capital Expenditures -97.1M -79.8M -116.8M -88.8M
Other Cashflows From Investing Activities 1.5M 1.1M 1.2M 1.8M
Total Cashflows From Investing Activities -586.4M -71.6M -128.5M -495.7M
Dividends Paid -170.6M -170.4M -163.2M -128.3M
Net Borrowings 328.5M -299.2M -181M 265.5M
Other Cashflows From Financing Activities -17M -18.6M -24.3M -18.2M
Total Cash From Financing Activities 122.8M -508.9M -403.2M 92.4M
Effect Of Exchange Rate -6M -7.9M -21.3M 12.1M
Change In Cash 80.6M -29.6M 9.8M 67.3M
Repurchase Of Stock -18.1M -20.7M -34.7M -26.6M