RS Group plc (LSE:RS1) Annual Report 2022

The latest annual report of RS Group plc (RS1) 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 - RS1 Annual Results

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

RS1 Income Statement 2022 Annual Report

As per the latest Income Statement of RS1, the Net revenue increased by £551.00M (28%) compared to the previous period. The operating income in 2022 increased by £141.60M (85%). The net income as per the annual report was 230M which increased by £104.50M (83%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 2.55B 2B
Gross Profit 1.13B 856M
Operating Income 308.8M 167.2M
Income Before Tax 302.2M 160.6M
Net Income 230M 125.5M

Balance Sheet - RS1 2022 Annual Report

Read further: RS1 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of RS Group plc showed the company increased the cash on balance sheet by £60.00M (30%). The Net tangible assets of RS1 on the balance sheet were at 636.3M which is £201.60M (46%) more than previous annual report. The total stockholder equity also increased by £209.10M (23%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 257.9M 197.9M
Total Assets 2.1B 1.85B
Long Term Debt 151.7M 147.3M
Total Liabilities 992.7M 946.4M
Total Shareholder Equity 1.11B 899.4M
Net Tangible Assets 636.3M 434.7M

Cash Flow Statement - RS1 2022 Annual Report

The 2022 annual cash flow statement of RS Group plc showed that the net income increased by £104.50M (83%) compared to previous reporting period. Also the capital expenditure of RS1 increased by £12.20M (22%).

As of 2022, the total cash from investing activities was -40.3M and total cash from financing activities was -94.6M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 230M 125.5M
Capital Expenditures -42.5M -54.7M
Dividends Paid -76.2M -71.2M
Total Cash From From Investing Activities -40.3M -190.2M
Total Cash From From Financing Activities -94.6M 66M

RS Group plc Annual Report History

Income Statement

Income Statement history of RS Group plc (LSE:RS1)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 2.55B 2B 1.95B 1.88B
Cost Of Revenue 1.43B 1.15B 1.1B 1.05B
Gross Profit 1.13B 856M 854.7M 838.6M
Research Development - - - -
Selling General Administrative 819.1M 688.8M 649.4M 637.6M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 2.24B 1.84B 1.75B 1.68B
Operating Income 308.8M 167.2M 205.3M 201M
Total Other Income Expense Net -6.6M -6.6M -5.7M -5.8M
Ebit 308.8M 167.2M 205.3M 201M
Interest Expense -7.7M -8.4M -9.1M -9.4M
Income Before Tax 302.2M 160.6M 199.6M 195.2M
Income Tax Expense 72.2M 35.1M 44.9M 47.1M
Minority Interest - - - -
Net Income From Continuing Ops 230M 125.5M 154.7M 148.1M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 230M 125.5M 154.7M 148.1M
Net Income Applicable To Common Shares 230M 125.5M 154.7M 148.1M

Balance Sheet Statement

Balance Sheet Statement history of RS Group plc (LSE:RS1)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 257.9M 197.9M 200.8M 129.2M
Net Receivables 578.9M 490M 398.9M 395.2M
Inventory 529.5M 419.8M 419M 387.2M
Other Current Assets 1.4M 2.2M 4.3M 2.7M
Total Current Assets 1.4B 1.13B 1.04B 935.9M
Long Term Investments 1.5M 2.2M 2M 2.7M
Property Plant Equipment 223.1M 228.8M 221.9M 119.6M
Good Will 330.5M 317.6M 241.1M 231.2M
Intangible Assets 141.7M 147.1M 88.5M 89.7M
Other Assets 9.3M 15.3M 19.9M 20.2M
Deferred Long Term Asset Charges 4.9M 9.9M 17.1M 15.6M
Total Assets 2.1B 1.85B 1.62B 1.4B
Accounts Payable 377.3M 319.4M 241.1M 257.8M
Short Long Term Debt 200k - 7.5M -
Other Current Liab 59.2M 49.4M 37.7M 39.3M
Long Term Debt 151.7M 147.3M 161.8M 175.3M
Other Liab 82.8M 123.2M 124.3M 147.2M
Deferred Long Term Liab 1.1M 1.7M - -
Total Current Liabilities 726.2M 631.8M 570.4M 487.5M
Total Liab 992.7M 946.4M 897.8M 810M
Common Stock 47.1M 47M 44.6M 44.4M
Retained Earnings 772.8M 587.8M 543.1M 435.2M
Treasury Stock 57.2M 36.1M 80.8M 60.1M
Capital Surplus 231.4M 228.5M 51.4M 49.6M
Other Stockholder Equity 60.2M 37.6M 81.5M 61.3M
Total Stockholder Equity 1.11B 899.4M 719.9M 589.3M
Net Tangible Assets 636.3M 434.7M 390.3M 268.4M

Cash Flow Statement

Cash Flow Statement history of RS Group plc (LSE:RS1)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 230M 125.5M 154.7M 148.1M
Depreciation 43.9M 38.5M 32.1M 14.3M
Change To Netincome 27.2M 5.5M -2M 6.2M
Change To Account Receivables -96.5M -32.6M 10M -28.7M
Change To Liabilities 82.4M 35.5M -36M 14.6M
Change To Inventory -102.1M -4.4M -25.2M -50.7M
Change To Operating Activities -1.7M 1.6M -5.3M 5.9M
Total Cash From Operating Activities 203M 187.6M 147.1M 127.3M
Capital Expenditures -42.5M -54.7M -74.7M -50.8M
Total Cashflows From Investing Activities -40.3M -190.2M -74.9M -84.1M
Dividends Paid -76.2M -71.2M -68.5M -58.9M
Net Borrowings -18.5M -40.7M -30.7M 27.2M
Total Cash From Financing Activities -94.6M 66M -95.5M -31.4M
Effect Of Exchange Rate 3.9M -11.8M 7M 3.9M
Change In Cash 72M 51.6M -16.3M 15.7M
Repurchase Of Stock -2.9M -1.6M -900k -2.3M
Issuance Of Stock 3M 179.5M 2M 2.6M