Scottish Mortgage Investment Trust PLC (LSE:SMT) Annual Report 2022



The latest annual report of Scottish Mortgage Investment Trust PLC (SMT) 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 - SMT Annual Results

Amounts in GBP

Total Revenue
-2.4B
Gross Profit
-2.4B
EBIT
-2.46B
Net Tangible Assets
14.76B
Net Income
-2.54B
Capital Expenditures
-

SMT Income Statement 2022 Annual Report

As per the latest Income Statement of SMT, the Net revenue decreased by £-11.679534B (-126%) compared to the previous period. The operating income in 2022 decreased by £-11.6895B (-127%). The net income as per the annual report was -2.54B which decreased by £-11.758009B (-128%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue-2.4B9.28B
Gross Profit-2.4B9.28B
Operating Income-2.46B9.23B
Income Before Tax-2.54B9.22B
Net Income-2.54B9.21B

Balance Sheet - SMT 2022 Annual Report

Read further: SMT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Scottish Mortgage Investment Trust PLC showed the company increased the cash on balance sheet by £17.83M (8%). The Net tangible assets of SMT on the balance sheet were at 14.76B which is £-2.233471B (-13%) less than previous annual report. The total stockholder equity also decreased by £-2.233471B (-13%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash229.96M212.13M
Total Assets16.91B 18.28B
Long Term Debt1.63B972.78M
Total Liabilities2.16B 1.29B
Total Shareholder Equity14.76B16.99B
Net Tangible Assets14.76B16.99B

Cash Flow Statement - SMT 2022 Annual Report

The 2022 annual cash flow statement of Scottish Mortgage Investment Trust PLC showed that the net income decreased by £-11.758009B (-128%) compared to previous reporting period. Also the capital expenditure of SMT increased by £NaN (NaN%).

As of 2022, the total cash from investing activities was -1.03B and total cash from financing activities was 1.13B.

Cash Flow Statement Report (2022/2021)

20222021
Net Income-2.54B9.21B
Capital Expenditures--
Dividends Paid-49.77M-48.46M
Total Cash From From Investing Activities-1.03B329.92M
Total Cash From From Financing Activities1.13B-78.89M

Scottish Mortgage Investment Trust PLC Annual Report History

Income Statement

Income Statement history of Scottish Mortgage Investment Trust PLC (LSE:SMT)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue-2.4B9.28B1.05B951.72M
Cost Of Revenue----
Gross Profit-2.4B9.28B1.05B951.72M
Research Development----
Selling General Administrative58.47M48.5M28.76M26.22M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses58.47M48.5M28.76M26.22M
Operating Income-2.46B9.23B1.02B925.5M
Total Other Income Expense Net-86.21M-16.18M-44.29M-42.05M
Ebit-2.46B9.23B1.02B925.5M
Interest Expense-44.65M-30.27M-31.34M-29.87M
Income Before Tax-2.54B9.22B974.27M883.46M
Income Tax Expense1.91M3.44M1.21M176k
Minority Interest----
Net Income From Continuing Ops-2.54B9.21B973.06M883.28M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-2.54B9.21B973.06M883.28M
Net Income Applicable To Common Shares-2.54B9.21B973.06M883.28M

Balance Sheet Statement

Balance Sheet Statement history of Scottish Mortgage Investment Trust PLC (LSE:SMT)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash229.96M212.13M38.53M35.59M
Net Receivables13.14M20.88M48.42M27.89M
Total Current Assets243.1M233.01M86.95M63.48M
Long Term Investments16.67B18.04B9.08B8.1B
Total Assets16.91B18.28B9.17B8.16B
Short Long Term Debt502.03M264.55M314.53M280.11M
Other Current Liab23.81M34.55M8.97M23.32M
Long Term Debt1.63B972.78M592.25M423.35M
Other Liab1.17M2.46M--
Total Current Liabilities525.85M310.99M329.71M309.02M
Total Liab2.16B1.29B921.96M732.37M
Common Stock74.24M74.24M74.24M73.71M
Retained Earnings6.58B10.27B4.73B3.99B
Treasury Stock7.18B5.86B2.67B2.66B
Capital Surplus928.4M781.77M764.52M710.57M
Other Stockholder Equity7.18B5.86B2.67B2.66B
Total Stockholder Equity14.76B16.99B8.24B7.43B
Net Tangible Assets14.76B16.99B8.24B7.43B

Cash Flow Statement

Cash Flow Statement history of Scottish Mortgage Investment Trust PLC (LSE:SMT)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income-2.54B9.21B973.06M883.28M
Change To Netincome2.46B-9.28B-1.01B-907.99M
Change To Account Receivables-4.05M5.49M596k1.45M
Change To Liabilities----
Total Cash From Operating Activities-85.91M-57.96M-31.71M-23.26M
Investments-1.03B329.92M2.13M-540.97M
Total Cashflows From Investing Activities-1.03B329.92M2.13M-540.97M
Dividends Paid-49.77M-48.46M-46.09M-43.99M
Net Borrowings843.67M364.52M188.22M197.99M
Total Cash From Financing Activities1.13B-78.89M29.87M556.81M
Effect Of Exchange Rate9.26M-19.47M2.65M8.03M
Change In Cash17.83M173.6M2.94M613k
Repurchase Of Stock-183.01M-588.5M-166.74M-67k
Issuance Of Stock518.25M193.56M54.48M402.89M
Capital Expenditures----