Legal & General Group Plc (LSE:LGEN) Annual Report 2021



The latest annual report of Legal & General Group Plc (LGEN) 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 - LGEN Annual Results

Amounts in GBP

Total Revenue
9.65B
Gross Profit
4.44B
EBIT
2.98B
Net Tangible Assets
10.55B
Net Income
2.05B
Capital Expenditures
-205M

LGEN Income Statement 2021 Annual Report

As per the latest Income Statement of LGEN, the Net revenue decreased by £-8.35B (-46%) compared to the previous period. The operating income in 2021 increased by £1.171B (65%). The net income as per the annual report was 2.05B which increased by £443.00M (28%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue9.65B18B
Gross Profit4.44B3.22B
Operating Income2.98B1.8B
Income Before Tax2.63B1.5B
Net Income2.05B1.61B

Balance Sheet - LGEN 2021 Annual Report

Read further: LGEN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Legal & General Group Plc showed the company reduced the cash on balance sheet by £-1.533B (-9%). The Net tangible assets of LGEN on the balance sheet were at 10.55B which is £948.00M (10%) more than previous annual report. The total stockholder equity also increased by £984.00M (10%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash16.49B18.02B
Total Assets582.64B 570.57B
Long Term Debt5.19B5.61B
Total Liabilities571.7B 560.6B
Total Shareholder Equity10.98B10B
Net Tangible Assets10.55B9.6B

Cash Flow Statement - LGEN 2021 Annual Report

The 2021 annual cash flow statement of Legal & General Group Plc showed that the net income increased by £443.00M (28%) compared to previous reporting period. Also the capital expenditure of LGEN decreased by £-7.00M (-4%).

As of 2021, the total cash from investing activities was 133M and total cash from financing activities was -1.5B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income2.05B1.61B
Capital Expenditures-205M-198M
Dividends Paid-1.09B-1.05B
Total Cash From From Investing Activities133M-457M
Total Cash From From Financing Activities-1.5B-29M

Legal & General Group Plc Annual Report History

Income Statement

Income Statement history of Legal & General Group Plc (LSE:LGEN)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue9.65B18B19.72B10.99B
Cost Of Revenue5.21B14.78B16.31B8.1B
Gross Profit4.44B3.22B3.42B2.89B
Research Development----
Selling General Administrative4M4M4M4M
Non Recurring----
Other Operating Expenses1.46B1.41B991M546M
Total Operating Expenses6.68B16.2B17.3B8.64B
Operating Income2.98B1.8B2.42B2.35B
Total Other Income Expense Net-343M-305M-269M-218M
Ebit2.98B1.8B2.42B2.35B
Interest Expense-239M-244M-221M-203M
Income Before Tax2.63B1.5B2.16B2.13B
Income Tax Expense589M218M369M364M
Minority Interest-38M-31M55M72M
Net Income From Continuing Ops2.04B1.28B1.79B1.76B
Discontinued Operations-290M23M43M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income2.05B1.61B1.83B1.83B
Net Income Applicable To Common Shares2.03B1.6B1.83B1.83B

Balance Sheet Statement

Balance Sheet Statement history of Legal & General Group Plc (LSE:LGEN)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash16.49B18.02B13.92B17.32B
Net Receivables5.88B6.92B468M418M
Inventory2.04B2.18B--
Other Current Assets7.64B7.37B30.79B30.97B
Total Current Assets32.34B34.75B45.18B48.71B
Long Term Investments538.75B526.35B498.71B430.76B
Property Plant Equipment316M274M298M57M
Good Will68M68M64M65M
Intangible Assets391M376M244M363M
Other Assets10.78B8.75B16.23B12.56B
Deferred Long Term Asset Charges2M5M8M7M
Total Assets582.64B570.57B560.74B492.52B
Other Current Liab4.91B7.08B30.93B30.01B
Long Term Debt5.19B5.61B5.11B4.95B
Other Liab503.71B477.22B458.44B405.13B
Minority Interest-38M-31M55M72M
Total Current Liabilities62.62B77.57B87.85B73.79B
Total Liab571.7B560.6B551.64B483.87B
Common Stock149M149M149M149M
Retained Earnings9.23B8.22B7.75B7.26B
Treasury Stock592M618M140M178M
Capital Surplus1.01B1.01B1B992M
Other Stockholder Equity691M693M205M230M
Total Stockholder Equity10.98B10B9.04B8.58B
Net Tangible Assets10.55B9.6B8.79B8.3B

Cash Flow Statement

Cash Flow Statement history of Legal & General Group Plc (LSE:LGEN)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income2.05B1.61B1.83B1.83B
Depreciation142M73M71M44M
Change To Netincome-26.07B-29.09B-45.44B22.89B
Change To Liabilities----
Change To Operating Activities19.09B25.19B58.28B-14.75B
Total Cash From Operating Activities-169M4.3B-3.29B-361M
Capital Expenditures-205M-198M-89M-401M
Investments-56M-16M29M-130M
Total Cashflows From Investing Activities133M-457M138M-205M
Dividends Paid-1.09B-1.05B-998M-932M
Net Borrowings-386M548M318M635M
Total Cash From Financing Activities-1.5B-29M-692M-281M
Effect Of Exchange Rate8M-28M-16M16M
Change In Cash-1.53B3.79B-4.17B-1.6B
Repurchase Of Stock-34M-23M-20M-20M
Issuance Of Stock6M501M8M4M