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)

20212020
Total Revenue2.79B2.74B
Gross Profit1.55B1.54B
Operating Income444.5M399.4M
Income Before Tax413.4M343.9M
Net Income288.1M247.3M

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)

20212020
Cash265.9M203.9M
Total Assets3.25B 2.62B
Long Term Debt537.2M592.8M
Total Liabilities2.14B 1.61B
Total Shareholder Equity1.08B975M
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)

20212020
Net Income288.1M247.3M
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 Activities122.8M-508.9M

Intertek Group plc Annual Report History

Income Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue2.79B2.74B2.99B2.8B
Cost Of Revenue1.23B1.2B1.3B1.24B
Gross Profit1.55B1.54B1.68B1.56B
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses941.2M969.1M1.02B1.02B
Total Operating Expenses2.34B2.34B2.49B2.34B
Operating Income444.5M399.4M495.9M457.9M
Total Other Income Expense Net-31.1M-55.5M-50.8M-53.4M
Ebit444.5M399.4M495.9M457.9M
Interest Expense-26.7M-28.9M-35.5M-26.2M
Income Before Tax413.4M343.9M445.1M404.5M
Income Tax Expense106.7M81.3M111.5M99.3M
Minority Interest32.3M28M29.4M34.3M
Net Income From Continuing Ops306.7M262.6M333.6M305.2M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income288.1M247.3M313.1M284.4M
Net Income Applicable To Common Shares288.1M247.3M313.1M284.4M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash265.9M203.9M227.4M206.9M
Net Receivables637.5M606.9M679.1M667.3M
Inventory14.9M15.5M19.2M18.3M
Total Current Assets963.3M865.1M960.1M929.3M
Property Plant Equipment641.8M585.8M644.2M441.2M
Good Will1.24B835.9M859.8M874.9M
Intangible Assets358.5M279.7M302.4M329.5M
Other Assets44.7M48.6M51.9M58.4M
Deferred Long Term Asset Charges39.3M48.6M51.9M58.4M
Total Assets3.25B2.62B2.82B2.63B
Accounts Payable153.4M142M163.8M154M
Short Long Term Debt460.1M10.5M224.5M134.6M
Other Current Liab290.5M268.7M195M210.4M
Long Term Debt537.2M592.8M617.9M846.8M
Other Liab103.8M105.3M130.9M135.8M
Minority Interest32.3M28M29.4M34.3M
Total Current Liabilities1.27B751.2M900M742.7M
Total Liab2.14B1.61B1.83B1.73B
Common Stock1.6M1.6M1.6M1.6M
Retained Earnings925.1M796.4M727.7M607.5M
Treasury Stock-102.5M-80.8M-31.2M7.1M
Capital Surplus257.8M257.8M257.8M257.8M
Other Stockholder Equity-102.5M-80.8M-31.2M7.1M
Total Stockholder Equity1.08B975M955.9M874M
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 202131 Dec 202031 Dec 201931 Dec 2018
Net Income288.1M247.3M313.1M284.4M
Depreciation179.9M184.7M185.3M100.8M
Change To Netincome34.8M21.3M39.4M49.6M
Change To Account Receivables-29.2M52.9M-25.6M-16M
Change To Liabilities62M36.8M40.7M35.2M
Change To Inventory600k3.5M-1.5M1M
Change To Operating Activities-4.7M-5.1M-3.9M-9M
Total Cash From Operating Activities550.2M558.8M562.8M458.5M
Capital Expenditures-97.1M-79.8M-116.8M-88.8M
Other Cashflows From Investing Activities1.5M1.1M1.2M1.8M
Total Cashflows From Investing Activities-586.4M-71.6M-128.5M-495.7M
Dividends Paid-170.6M-170.4M-163.2M-128.3M
Net Borrowings328.5M-299.2M-181M265.5M
Other Cashflows From Financing Activities-17M-18.6M-24.3M-18.2M
Total Cash From Financing Activities122.8M-508.9M-403.2M92.4M
Effect Of Exchange Rate-6M-7.9M-21.3M12.1M
Change In Cash80.6M-29.6M9.8M67.3M
Repurchase Of Stock-18.1M-20.7M-34.7M-26.6M