National Grid plc (LSE:NG) Annual Report 2022



The latest annual report of National Grid plc (NG) was published on 31 Mar 2022. 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
18.45B
Gross Profit
18.45B
EBIT
4.21B
Net Tangible Assets
11.03B
Net Income
2.35B
Capital Expenditures
-5.1B

NG Income Statement 2022 Annual Report

As per the latest Income Statement of NG, the Net revenue increased by £4.784B (35%) compared to the previous period. The operating income in 2022 increased by £1.795B (74%). The net income as per the annual report was 2.35B which increased by £713.00M (43%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue18.45B13.66B
Gross Profit18.45B13.66B
Operating Income4.21B2.41B
Income Before Tax3.44B1.66B
Net Income2.35B1.64B

Balance Sheet - NG 2022 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 £47.00M (30%). The Net tangible assets of NG on the balance sheet were at 11.03B which is £-2.779B (-20%) less than previous annual report. The total stockholder equity also increased by £3.994B (20%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash204M157M
Total Assets94.86B 67.22B
Long Term Debt33.75B27.59B
Total Liabilities71B 47.36B
Total Shareholder Equity23.83B19.84B
Net Tangible Assets11.03B13.81B

Cash Flow Statement - NG 2022 Annual Report

The 2022 annual cash flow statement of National Grid plc showed that the net income increased by £713.00M (43%) compared to previous reporting period. Also the capital expenditure of NG decreased by £-889.00M (-21%).

As of 2022, the total cash from investing activities was -14.01B and total cash from financing activities was 7.77B.

Cash Flow Statement Report (2022/2021)

20222021
Net Income2.35B1.64B
Capital Expenditures-5.1B-4.21B
Dividends Paid-922M-1.41B
Total Cash From From Investing Activities-14.01B-5.12B
Total Cash From From Financing Activities7.77B750M

National Grid plc Annual Report History

Income Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue18.45B13.66B13.36B14.93B
Cost Of Revenue----
Gross Profit18.45B13.66B13.36B14.93B
Research Development----
Selling General Administrative-51M34M22M
Non Recurring----
Other Operating Expenses14.08B10.88B10.45B11.17B
Total Operating Expenses14.24B11.26B10.71B11.38B
Operating Income4.21B2.41B2.65B3.56B
Total Other Income Expense Net-764M-746M-1.25B-1.72B
Ebit4.21B2.41B2.65B3.56B
Interest Expense-1.08B-772M-890M-970M
Income Before Tax3.44B1.66B1.4B1.84B
Income Tax Expense1.26B360M370M339M
Minority Interest23M21M22M20M
Net Income From Continuing Ops2.18B1.3B1.03B1.5B
Discontinued Operations171M337M235M12M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income2.35B1.64B1.26B1.51B
Net Income Applicable To Common Shares2.35B1.64B1.26B1.51B

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash204M157M73M252M
Short Term Investments853M574M720M1.98B
Net Receivables3.39B2.6B2.68B3.28B
Inventory393M347M416M370M
Other Current Assets10.4B4.11B226M2.06B
Total Current Assets17.96B9.94B5.8B7.95B
Long Term Investments2.07B1.62B1.54B1.27B
Property Plant Equipment57.53B47.04B49.76B44.86B
Good Will9.53B4.59B5.71B5.37B
Intangible Assets3.27B1.44B1.29B1.08B
Other Assets4.49B2.58B3.45B2.88B
Total Assets94.86B67.22B67.56B63.41B
Accounts Payable3.11B2.17B2.21B3.77B
Short Long Term Debt10.85B3.08B2.94B4.47B
Other Current Liab9.12B3.26B1.83B888M
Long Term Debt33.75B27.59B26.98B24.26B
Other Liab12.04B9.81B11.6B10.46B
Minority Interest23M21M22M20M
Total Current Liabilities24.77B9.37B8.56B9.13B
Total Liab71B47.36B47.77B43.84B
Common Stock485M474M470M458M
Retained Earnings26.61B23.16B21.89B22B
Treasury Stock-4.56B-5.09B-3.9B-4.22B
Capital Surplus1.3B1.3B1.3B1.31B
Other Stockholder Equity-4.56B-5.09B-3.9B-4.22B
Total Stockholder Equity23.83B19.84B19.77B19.55B
Net Tangible Assets11.03B13.81B12.76B13.09B

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income2.35B1.64B1.26B1.51B
Depreciation1.52B1.29B1.29B1.55B
Change To Netincome2.26B1.26B1.41B1.24B
Change To Liabilities----
Change To Operating Activities-158M80M510M-158M
Total Cash From Operating Activities6.27B4.46B4.62B4.32B
Capital Expenditures-5.1B-4.21B-4.29B-3.63B
Investments-615M-552M-115M608M
Other Cashflows From Investing Activities-24M63M1.58B-151M
Total Cashflows From Investing Activities-14.01B-5.12B-3.19B-3.45B
Dividends Paid-922M-1.41B-892M-1.16B
Net Borrowings10.96B2.77B207M1.07B
Other Cashflows From Financing Activities-2.3B-621M-931M-879M
Total Cash From Financing Activities7.77B750M-1.61B-952M
Effect Of Exchange Rate5M-7M4M3M
Change In Cash25M84M-179M-77M
Repurchase Of Stock-3M-2M-6M-2M
Issuance Of Stock33M16M16M17M