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)

2021 2020
Total Revenue 9.65B 18B
Gross Profit 4.44B 3.22B
Operating Income 2.98B 1.8B
Income Before Tax 2.63B 1.5B
Net Income 2.05B 1.61B

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)

2021 2020
Cash 16.49B 18.02B
Total Assets 582.64B 570.57B
Long Term Debt 5.19B 5.61B
Total Liabilities 571.7B 560.6B
Total Shareholder Equity 10.98B 10B
Net Tangible Assets 10.55B 9.6B

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)

2021 2020
Net Income 2.05B 1.61B
Capital Expenditures -205M -198M
Dividends Paid -1.09B -1.05B
Total Cash From From Investing Activities 133M -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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 9.65B 18B 19.72B 10.99B
Cost Of Revenue 5.21B 14.78B 16.31B 8.1B
Gross Profit 4.44B 3.22B 3.42B 2.89B
Research Development - - - -
Selling General Administrative 4M 4M 4M 4M
Non Recurring - - - -
Other Operating Expenses 1.46B 1.41B 991M 546M
Total Operating Expenses 6.68B 16.2B 17.3B 8.64B
Operating Income 2.98B 1.8B 2.42B 2.35B
Total Other Income Expense Net -343M -305M -269M -218M
Ebit 2.98B 1.8B 2.42B 2.35B
Interest Expense -239M -244M -221M -203M
Income Before Tax 2.63B 1.5B 2.16B 2.13B
Income Tax Expense 589M 218M 369M 364M
Minority Interest -38M -31M 55M 72M
Net Income From Continuing Ops 2.04B 1.28B 1.79B 1.76B
Discontinued Operations - 290M 23M 43M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 2.05B 1.61B 1.83B 1.83B
Net Income Applicable To Common Shares 2.03B 1.6B 1.83B 1.83B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 16.49B 18.02B 13.92B 17.32B
Net Receivables 5.88B 6.92B 468M 418M
Inventory 2.04B 2.18B - -
Other Current Assets 7.64B 7.37B 30.79B 30.97B
Total Current Assets 32.34B 34.75B 45.18B 48.71B
Long Term Investments 538.75B 526.35B 498.71B 430.76B
Property Plant Equipment 316M 274M 298M 57M
Good Will 68M 68M 64M 65M
Intangible Assets 391M 376M 244M 363M
Other Assets 10.78B 8.75B 16.23B 12.56B
Deferred Long Term Asset Charges 2M 5M 8M 7M
Total Assets 582.64B 570.57B 560.74B 492.52B
Other Current Liab 4.91B 7.08B 30.93B 30.01B
Long Term Debt 5.19B 5.61B 5.11B 4.95B
Other Liab 503.71B 477.22B 458.44B 405.13B
Minority Interest -38M -31M 55M 72M
Total Current Liabilities 62.62B 77.57B 87.85B 73.79B
Total Liab 571.7B 560.6B 551.64B 483.87B
Common Stock 149M 149M 149M 149M
Retained Earnings 9.23B 8.22B 7.75B 7.26B
Treasury Stock 592M 618M 140M 178M
Capital Surplus 1.01B 1.01B 1B 992M
Other Stockholder Equity 691M 693M 205M 230M
Total Stockholder Equity 10.98B 10B 9.04B 8.58B
Net Tangible Assets 10.55B 9.6B 8.79B 8.3B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 2.05B 1.61B 1.83B 1.83B
Depreciation 142M 73M 71M 44M
Change To Netincome -26.07B -29.09B -45.44B 22.89B
Change To Liabilities - - - -
Change To Operating Activities 19.09B 25.19B 58.28B -14.75B
Total Cash From Operating Activities -169M 4.3B -3.29B -361M
Capital Expenditures -205M -198M -89M -401M
Investments -56M -16M 29M -130M
Total Cashflows From Investing Activities 133M -457M 138M -205M
Dividends Paid -1.09B -1.05B -998M -932M
Net Borrowings -386M 548M 318M 635M
Total Cash From Financing Activities -1.5B -29M -692M -281M
Effect Of Exchange Rate 8M -28M -16M 16M
Change In Cash -1.53B 3.79B -4.17B -1.6B
Repurchase Of Stock -34M -23M -20M -20M
Issuance Of Stock 6M 501M 8M 4M