SSE plc (LSE:SSE) Annual Report 2022



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

Amounts in GBP

Total Revenue
8.61B
Gross Profit
4.4B
EBIT
3.33B
Net Tangible Assets
8.25B
Net Income
3.03B
Capital Expenditures
-1.27B

SSE Income Statement 2022 Annual Report

As per the latest Income Statement of SSE, the Net revenue increased by £1.7818B (26%) compared to the previous period. The operating income in 2022 increased by £1.5611B (88%). The net income as per the annual report was 3.03B which increased by £755.20M (33%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue8.61B6.83B
Gross Profit4.4B2.69B
Operating Income3.33B1.77B
Income Before Tax3.48B2.42B
Net Income3.03B2.28B

Balance Sheet - SSE 2022 Annual Report

Read further: SSE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of SSE plc showed the company reduced the cash on balance sheet by £-550.90M (-34%). The Net tangible assets of SSE on the balance sheet were at 8.25B which is £2.2622B (38%) more than previous annual report. The total stockholder equity also increased by £2.4927B (37%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash1.05B1.6B
Total Assets25.76B 21.59B
Long Term Debt7.86B8.54B
Total Liabilities16.59B 14.91B
Total Shareholder Equity9.17B6.68B
Net Tangible Assets8.25B5.98B

Cash Flow Statement - SSE 2022 Annual Report

The 2022 annual cash flow statement of SSE plc showed that the net income increased by £755.20M (33%) compared to previous reporting period. Also the capital expenditure of SSE decreased by £-288.60M (-29%).

As of 2022, the total cash from investing activities was -744.9M and total cash from financing activities was -1.43B.

Cash Flow Statement Report (2022/2021)

20222021
Net Income3.03B2.28B
Capital Expenditures-1.27B-985M
Dividends Paid-557.3M-844M
Total Cash From From Investing Activities-744.9M443.7M
Total Cash From From Financing Activities-1.43B-825.3M

SSE plc Annual Report History

Income Statement

Income Statement history of SSE plc (LSE:SSE)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue8.61B6.83B6.8B7.3B
Cost Of Revenue4.21B4.13B4.78B5.91B
Gross Profit4.4B2.69B2.02B1.39B
Research Development----
Selling General Administrative1.14B1.19B1.01B949M
Non Recurring----
Other Operating Expenses-71.4M-268.7M-24.4M-41M
Total Operating Expenses5.28B5.06B5.77B6.82B
Operating Income3.33B1.77B1.03B482.8M
Total Other Income Expense Net151.6M648.5M-440.6M817.5M
Ebit3.33B1.77B1.03B482.8M
Interest Expense-361.8M-372.1M-374.4M-355.5M
Income Before Tax3.48B2.42B587.6M1.3B
Income Tax Expense882.8M224.3M121.5M-9.9M
Minority Interest----
Net Income From Continuing Ops2.6B2.19B466.1M1.31B
Discontinued Operations482.7M129.1M-478.6M145.5M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.03B2.28B-59M1.46B
Net Income Applicable To Common Shares3.03B2.28B-59M1.41B

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash1.05B1.6B164.6M431.6M
Short Term Investments4.9M3.8M6.3M3.8M
Net Receivables2.04B1.31B1.4B1.44B
Inventory266.6M234.9M174M228.5M
Other Current Assets3.48B1.19B1.62B3.31B
Total Current Assets6.94B4.52B3.48B5.46B
Long Term Investments1.25B1.65B1.85B1.9B
Property Plant Equipment14.62B13.25B12.81B12.43B
Good Will512M329.2M340.9M338.4M
Intangible Assets414.7M367M333.8M317.8M
Other Assets2.03B1.47B2.22B2.02B
Total Assets25.76B21.59B21.03B22.47B
Accounts Payable919.7M433.3M413.2M1.12B
Short Long Term Debt74.3M101.4M58.5M62.8M
Other Current Liab1.1B791.5M1.49B2.18B
Long Term Debt7.86B8.54B8.31B8.87B
Other Liab3.75B2.52B2.21B2.3B
Deferred Long Term Liab201.1M145.1M426.7M303.9M
Total Current Liabilities4.66B3.51B5.21B5.31B
Total Liab16.59B14.91B16.11B16.68B
Common Stock536.5M524.5M523.1M523.4M
Retained Earnings6.58B3.92B2.41B3.29B
Treasury Stock1.22B1.39B1.11B1.1B
Capital Surplus835.1M847.1M875.6M879.6M
Other Stockholder Equity1.22B1.39B1.11B1.1B
Total Stockholder Equity9.17B6.68B4.92B5.79B
Net Tangible Assets8.25B5.98B4.25B5.14B

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income3.03B2.28B-59M1.46B
Depreciation667.6M526M504.6M518.7M
Change To Netincome-2.17B-1.55B823.9M-643.7M
Change To Account Receivables-625.6M155.3M155M-57.6M
Change To Liabilities538.3M420M-269.2M-116.8M
Change To Inventory82.5M-71.7M122.5M-3.4M
Change To Operating Activities61.3M36.1M-3M23.8M
Total Cash From Operating Activities1.63B1.82B1.3B1.18B
Capital Expenditures-1.27B-985M-814.1M-1.23B
Investments142.1M182.5M182.5M182.5M
Other Cashflows From Investing Activities-652.8M-296.3M-186.2M-239.8M
Total Cashflows From Investing Activities-744.9M443.7M-1.01B-722.5M
Dividends Paid-557.3M-844M-649.5M-736.5M
Net Borrowings-454M-520.8M352.1M582.9M
Other Cashflows From Financing Activities11.2M241M3.7M-3.6M
Total Cash From Financing Activities-1.43B-825.3M-650.2M-159.6M
Change In Cash-550.9M1.44B-362.2M199.4M
Repurchase Of Stock-440.1M-762.9M-366.6M-3.6M
Issuance Of Stock6.3M1.06B10.1M1.2M