SSE plc (LSE:SSE) Annual Report 2021



The latest annual report of SSE plc (SSE) 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 - SSE Annual Results

Amounts in GBP

Total Revenue
6.83B
Gross Profit
2.69B
EBIT
1.77B
Net Tangible Assets
5.98B
Net Income
2.28B
Capital Expenditures
-985M

SSE Income Statement 2021 Annual Report

As per the latest Income Statement of SSE, the Net revenue increased by £25.80M (0%) compared to the previous period. The operating income in 2021 increased by £741.30M (72%). The net income as per the annual report was 2.28B which increased by £2.3352B (3958%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue6.83B6.8B
Gross Profit2.69B2.02B
Operating Income1.77B1.03B
Income Before Tax2.52B587.6M
Net Income2.28B-59M

Balance Sheet - SSE 2021 Annual Report

Read further: SSE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of SSE plc showed the company increased the cash on balance sheet by £1.4356B (872%). The Net tangible assets of SSE on the balance sheet were at 5.98B which is £1.7395B (41%) more than previous annual report. The total stockholder equity also increased by £1.761B (36%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.6B164.6M
Total Assets21.59B 21.03B
Long Term Debt8.54B8.31B
Total Liabilities14.91B 16.11B
Total Shareholder Equity6.68B4.92B
Net Tangible Assets5.98B4.25B

Cash Flow Statement - SSE 2021 Annual Report

The 2021 annual cash flow statement of SSE plc showed that the net income increased by £2.3352B (3958%) compared to previous reporting period. Also the capital expenditure of SSE decreased by £-170.90M (-21%).

As of 2021, the total cash from investing activities was 443.7M and total cash from financing activities was -825.3M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income2.28B-59M
Capital Expenditures-985M-814.1M
Dividends Paid-844M-649.5M
Total Cash From From Investing Activities443.7M-1.01B
Total Cash From From Financing Activities-825.3M-650.2M

SSE plc Annual Report History

Income Statement

Income Statement history of SSE plc (LSE:SSE)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue6.83B6.8B7.3B27.25B
Cost Of Revenue4.13B4.78B5.91B24.97B
Gross Profit2.69B2.02B1.39B2.28B
Research Development----
Selling General Administrative1.19B1.01B949M1.14B
Non Recurring----
Other Operating Expenses-268.7M-24.4M-41M-38M
Total Operating Expenses5.06B5.77B6.82B26.08B
Operating Income1.77B1.03B482.8M1.17B
Total Other Income Expense Net746.9M-440.6M817.5M-305.9M
Ebit1.77B1.03B482.8M1.17B
Interest Expense-372.1M-374.4M-355.5M-355.6M
Income Before Tax2.52B587.6M1.3B864.4M
Income Tax Expense224.3M121.5M-9.9M116.4M
Minority Interest----
Net Income From Continuing Ops2.29B466.1M1.31B748M
Discontinued Operations30.7M-478.6M145.5M172.1M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income2.28B-59M1.46B920.1M
Net Income Applicable To Common Shares2.28B-59M1.41B821.6M

Balance Sheet Statement

Balance Sheet Statement history of SSE plc (LSE:SSE)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash1.6B164.6M431.6M232.2M
Short Term Investments3.8M6.3M3.8M5M
Net Receivables1.31B1.4B1.44B3.9B
Inventory234.9M174M228.5M225.9M
Other Current Assets1.19B1.62B3.31B1.96B
Total Current Assets4.52B3.48B5.46B6.42B
Long Term Investments1.65B1.85B1.9B981.8M
Property Plant Equipment13.25B12.81B12.43B12.34B
Good Will329.2M340.9M338.4M571.6M
Intangible Assets367M333.8M317.8M795.1M
Other Assets1.47B2.22B2.02B2.1B
Total Assets21.59B21.03B22.47B23.21B
Accounts Payable433.3M413.2M1.12B2.56B
Short Long Term Debt101.4M58.5M62.8M80.5M
Other Current Liab791.5M1.49B2.18B2.48B
Long Term Debt8.54B8.31B8.87B8.13B
Other Liab2.52B2.21B2.3B2.61B
Deferred Long Term Liab145.1M426.7M303.9M119.4M
Total Current Liabilities3.51B5.21B5.31B7.02B
Total Liab14.91B16.11B16.68B17.98B
Common Stock524.5M523.1M523.4M511.5M
Retained Earnings3.92B2.41B3.29B2.6B
Treasury Stock1.39B1.11B1.1B1.23B
Capital Surplus847.1M875.6M879.6M890.3M
Other Stockholder Equity1.39B1.11B1.1B1.23B
Total Stockholder Equity6.68B4.92B5.79B5.23B
Net Tangible Assets5.98B4.25B5.14B3.86B

Cash Flow Statement

Cash Flow Statement history of SSE plc (LSE:SSE)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income2.28B-59M1.46B920.1M
Depreciation526M504.6M518.7M773.8M
Change To Netincome-1.55B823.9M-643.7M409.1M
Change To Account Receivables155.3M155M-57.6M-313.1M
Change To Liabilities420M-269.2M-116.8M-97.8M
Change To Inventory-71.7M122.5M-3.4M43.2M
Change To Operating Activities36.1M-3M23.8M-7.9M
Total Cash From Operating Activities1.82B1.3B1.18B1.73B
Capital Expenditures-985M-814.1M-1.23B-1.31B
Investments182.5M182.5M182.5M182.5M
Other Cashflows From Investing Activities-296.3M-186.2M-239.8M-200k
Total Cashflows From Investing Activities443.7M-1.01B-722.5M-1.41B
Dividends Paid-844M-649.5M-736.5M-693M
Net Borrowings-520.8M352.1M582.9M683.6M
Other Cashflows From Financing Activities241M3.7M-3.6M1.4M
Total Cash From Financing Activities-825.3M-650.2M-159.6M-1.52B
Change In Cash1.44B-362.2M199.4M-1.19B
Repurchase Of Stock-762.9M-366.6M-3.6M-1.52B
Issuance Of Stock1.06B10.1M1.2M16.6M