National Grid plc (LSE:NG) Annual Report 2021



The latest annual report of National Grid plc (NG) 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 - NG Annual Results

Amounts in GBP

Total Revenue
14.78B
Gross Profit
14.78B
EBIT
3.08B
Net Tangible Assets
13.81B
Net Income
1.64B
Capital Expenditures
-4.36B

NG Income Statement 2021 Annual Report

As per the latest Income Statement of NG, the Net revenue increased by £239.00M (2%) compared to the previous period. The operating income in 2021 decreased by £-85.00M (-3%). The net income as per the annual report was 1.64B which increased by £376.00M (30%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue14.78B14.54B
Gross Profit14.78B14.54B
Operating Income3.08B3.16B
Income Before Tax2.08B1.75B
Net Income1.64B1.26B

Balance Sheet - NG 2021 Annual Report

Read further: NG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of National Grid plc showed the company increased the cash on balance sheet by £84.00M (115%). The Net tangible assets of NG on the balance sheet were at 13.81B which is £1.044B (8%) more than previous annual report. The total stockholder equity also increased by £68.00M (0%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash157M73M
Total Assets67.22B 67.56B
Long Term Debt27.59B26.98B
Total Liabilities47.36B 47.77B
Total Shareholder Equity19.84B19.77B
Net Tangible Assets13.81B12.76B

Cash Flow Statement - NG 2021 Annual Report

The 2021 annual cash flow statement of National Grid plc showed that the net income increased by £376.00M (30%) compared to previous reporting period. Also the capital expenditure of NG increased by £221.00M (5%).

As of 2021, the total cash from investing activities was -5.12B and total cash from financing activities was 750M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income1.64B1.26B
Capital Expenditures-4.36B-4.58B
Dividends Paid-1.41B-892M
Total Cash From From Investing Activities-5.12B-3.19B
Total Cash From From Financing Activities750M-1.61B

National Grid plc Annual Report History

Income Statement

Income Statement history of National Grid plc (LSE:NG)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue14.78B14.54B14.93B15.25B
Cost Of Revenue----
Gross Profit14.78B14.54B14.93B15.25B
Research Development----
Selling General Administrative38M23M22M65M
Non Recurring----
Other Operating Expenses11.34B11.12B11.17B11.6B
Total Operating Expenses11.7B11.38B11.38B11.7B
Operating Income3.08B3.16B3.56B3.55B
Total Other Income Expense Net-993M-1.41B-1.72B-892M
Ebit3.08B3.16B3.56B3.55B
Interest Expense-861M-1.02B-970M-1B
Income Before Tax2.08B1.75B1.84B2.66B
Income Tax Expense442M480M339M-889M
Minority Interest21M22M20M16M
Net Income From Continuing Ops1.64B1.27B1.5B3.55B
Discontinued Operations--9M12M2M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.64B1.26B1.51B3.55B
Net Income Applicable To Common Shares1.64B1.26B1.51B3.55B

Balance Sheet Statement

Balance Sheet Statement history of National Grid plc (LSE:NG)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash157M73M252M329M
Short Term Investments574M720M1.98B2.69B
Net Receivables2.6B2.68B3.28B2.68B
Inventory347M416M370M268M
Other Current Assets4.11B226M2.06B478M
Total Current Assets9.94B5.8B7.95B6.68B
Long Term Investments1.62B1.54B1.27B3.07B
Property Plant Equipment47.04B49.76B44.86B39.85B
Good Will4.59B5.71B5.37B5.44B
Intangible Assets1.44B1.29B1.08B899M
Other Assets2.58B3.45B2.88B2.84B
Total Assets67.22B67.56B63.41B58.79B
Accounts Payable2.17B2.21B3.77B1.98B
Short Long Term Debt3.08B2.94B4.47B4.5B
Other Current Liab3.26B1.83B888M1.77B
Long Term Debt27.59B26.98B24.26B22.59B
Other Liab9.81B11.6B10.46B8.44B
Minority Interest21M22M20M16M
Total Current Liabilities9.37B8.56B9.13B8.7B
Total Liab47.36B47.77B43.84B39.94B
Common Stock474M470M458M452M
Retained Earnings23.16B21.89B22B21.6B
Treasury Stock-5.09B-3.9B-4.22B-4.54B
Capital Surplus1.3B1.3B1.31B1.32B
Other Stockholder Equity-5.09B-3.9B-4.22B-4.54B
Total Stockholder Equity19.84B19.77B19.55B18.83B
Net Tangible Assets13.81B12.76B13.09B12.49B

Cash Flow Statement

Cash Flow Statement history of National Grid plc (LSE:NG)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income1.64B1.26B1.51B3.55B
Depreciation1.48B1.46B1.55B1.53B
Change To Netincome1.1B1.24B1.24B-240M
Change To Liabilities----
Change To Operating Activities46M475M-158M-337M
Total Cash From Operating Activities4.46B4.62B4.32B4.5B
Capital Expenditures-4.36B-4.58B-3.63B-3.74B
Investments-550M-120M608M5.96B
Other Cashflows From Investing Activities240M1.9B-151M532M
Total Cashflows From Investing Activities-5.12B-3.19B-3.45B2.57B
Dividends Paid-1.41B-892M-1.16B-1.32B
Net Borrowings3.11B420M1.07B-1.05B
Other Cashflows From Financing Activities-962M-1.14B-879M-1.35B
Total Cash From Financing Activities750M-1.61B-952M-7.88B
Effect Of Exchange Rate-7M4M3M-3M
Change In Cash84M-179M-77M-810M
Repurchase Of Stock-2M-6M-2M-1.02B
Issuance Of Stock16M16M17M33M