Unite Group Plc (LSE:UTG) Annual Report 2021
The latest annual report of Unite Group Plc (UTG) was published on 31 Dec 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 - UTG Annual Results
Amounts in GBP
UTG Income Statement 2021 Annual Report
As per the latest Income Statement of UTG, the Net revenue increased by £55.40M (23%) compared to the previous period. The operating income in 2021 increased by £48.00M (32%). The net income as per the annual report was 342.4M which increased by £463.40M (383%) compared to previous year.
Income Statement Report (2021/2020)
| 2021 | 2020 | |
|---|---|---|
| Total Revenue | 300.9M | 245.5M |
| Gross Profit | 236.5M | 192.2M |
| Operating Income | 196.9M | 148.9M |
| Income Before Tax | 343.1M | -120.1M |
| Net Income | 342.4M | -121M |
Balance Sheet - UTG 2021 Annual Report
Read further: UTG Balance Sheet Detailed Analysis
The latest balance sheet from annual result of Unite Group Plc showed the company reduced the cash on balance sheet by £-228.90M (-68%). The Net tangible assets of UTG on the balance sheet were at 3.51B which is £295.70M (9%) more than previous annual report. The total stockholder equity also increased by £292.90M (9%) compared to previous reporting period.
Balance Sheet Statement Report (2021/2020)
| 2021 | 2020 | |
|---|---|---|
| Cash | 109.4M | 338.3M |
| Total Assets | 5.05B | 5.23B |
| Long Term Debt | 1.16B | 1.71B |
| Total Liabilities | 1.5B | 1.97B |
| Total Shareholder Equity | 3.53B | 3.23B |
| Net Tangible Assets | 3.51B | 3.22B |
Cash Flow Statement - UTG 2021 Annual Report
The 2021 annual cash flow statement of Unite Group Plc showed that the net income increased by £463.40M (383%) compared to previous reporting period. Also the capital expenditure of UTG increased by £300000 (43%).
As of 2021, the total cash from investing activities was 244.9M and total cash from financing activities was -645.1M.
Cash Flow Statement Report (2021/2020)
| 2021 | 2020 | |
|---|---|---|
| Net Income | 342.4M | -121M |
| Capital Expenditures | -400k | -700k |
| Dividends Paid | -57.2M | -57.2M |
| Total Cash From From Investing Activities | 244.9M | -149.1M |
| Total Cash From From Financing Activities | -645.1M | 327.2M |
Unite Group Plc Annual Report History
Income Statement
Income Statement history of Unite Group Plc (LSE:UTG)
| 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 | |
|---|---|---|---|---|
| Total Revenue | 300.9M | 245.5M | 200.1M | 169.5M |
| Cost Of Revenue | 64.4M | 53.3M | 32.1M | 40.2M |
| Gross Profit | 236.5M | 192.2M | 168M | 129.3M |
| Research Development | - | - | - | - |
| Selling General Administrative | 36.3M | 34.7M | 26.6M | 23.6M |
| Non Recurring | - | - | - | - |
| Other Operating Expenses | - | - | - | - |
| Total Operating Expenses | 104M | 96.6M | 59.6M | 63.8M |
| Operating Income | 196.9M | 148.9M | 140.5M | 105.7M |
| Total Other Income Expense Net | 146.2M | -269M | -241.7M | 140.1M |
| Ebit | 196.9M | 148.9M | 140.5M | 105.7M |
| Interest Expense | -36.1M | -60.8M | -35.7M | -14.3M |
| Income Before Tax | 343.1M | -120.1M | -101.2M | 245.8M |
| Income Tax Expense | -1.4M | 2.1M | -13.6M | 8.5M |
| Minority Interest | 26.6M | 25.1M | 26.5M | 25.8M |
| Net Income From Continuing Ops | 344.5M | -122.2M | -87.6M | 237.3M |
| Discontinued Operations | - | - | - | - |
| Extraordinary Items | - | - | - | - |
| Effect Of Accounting Charges | - | - | - | - |
| Other Items | - | - | - | - |
| Net Income | 342.4M | -121M | -89.2M | 235.7M |
| Net Income Applicable To Common Shares | 342.4M | -121M | -89.2M | 235.7M |
Balance Sheet Statement
Balance Sheet Statement history of Unite Group Plc (LSE:UTG)
| 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 | |
|---|---|---|---|---|
| Cash | 109.4M | 338.3M | 86.9M | 123.6M |
| Net Receivables | 93.5M | 56.7M | 55.7M | 73.2M |
| Inventory | 12.1M | 8.8M | 4M | 9.1M |
| Other Current Assets | 243.5M | 47.3M | 31.4M | 14.9M |
| Total Current Assets | 464.6M | 451.1M | 178M | 220.8M |
| Long Term Investments | 1.04B | 849M | 875.2M | 819.7M |
| Property Plant Equipment | 104M | 109M | 119.2M | 10.2M |
| Intangible Assets | 16.2M | 19M | 22.7M | 22.8M |
| Other Assets | 3.42B | 3.8B | 3.82B | 1.78B |
| Deferred Long Term Asset Charges | 3M | 1.9M | 2.9M | - |
| Total Assets | 5.05B | 5.23B | 5.02B | 2.85B |
| Accounts Payable | 35.3M | 16.8M | 15.7M | 26.6M |
| Short Long Term Debt | 3.6M | 5.8M | 1.4M | 1.3M |
| Other Current Liab | 199M | 140.5M | 223M | 119.5M |
| Long Term Debt | 1.16B | 1.71B | 1.57B | 591.4M |
| Minority Interest | 26.6M | 25.1M | 26.5M | 25.8M |
| Total Current Liabilities | 242.8M | 167.5M | 244M | 147.4M |
| Total Liab | 1.5B | 1.97B | 1.92B | 750.7M |
| Common Stock | 99.8M | 99.5M | 90.9M | 65.9M |
| Retained Earnings | 1.23B | 949M | 1.07B | 1.22B |
| Treasury Stock | 41.8M | 26.1M | 36.7M | 42.2M |
| Capital Surplus | 2.16B | 2.16B | 1.87B | 740.5M |
| Other Stockholder Equity | 41.8M | 26.1M | 36.7M | 42.2M |
| Total Stockholder Equity | 3.53B | 3.23B | 3.07B | 2.07B |
| Net Tangible Assets | 3.51B | 3.22B | 3.05B | 2.05B |
Cash Flow Statement
Cash Flow Statement history of Unite Group Plc (LSE:UTG)
| 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 | |
|---|---|---|---|---|
| Net Income | 342.4M | -121M | -89.2M | 235.7M |
| Depreciation | 7.8M | 9.2M | 7.6M | 7.3M |
| Change To Netincome | -157.7M | 243.2M | 184.7M | -167.5M |
| Change To Account Receivables | -52.5M | -300k | -1.6M | -4.5M |
| Change To Liabilities | 34.2M | -53.3M | -21.3M | -5.8M |
| Change To Inventory | -2.9M | -4.5M | -1.7M | -5.5M |
| Total Cash From Operating Activities | 171.3M | 73.3M | 78.5M | 59.7M |
| Capital Expenditures | -400k | -700k | -400k | -1.3M |
| Other Cashflows From Investing Activities | 37.1M | 10.3M | 33.7M | 38.4M |
| Total Cashflows From Investing Activities | 244.9M | -149.1M | -342.9M | -148.5M |
| Dividends Paid | -57.2M | -57.2M | -69.6M | -62.3M |
| Net Borrowings | -528M | 121.8M | 79M | 80.4M |
| Other Cashflows From Financing Activities | -59.7M | -87.9M | -35.6M | -22.2M |
| Total Cash From Financing Activities | -645.1M | 327.2M | 227.7M | 161.2M |
| Change In Cash | -228.9M | 251.4M | -36.7M | 72.4M |
| Repurchase Of Stock | -1.3M | -700k | -800k | -1.4M |
| Issuance Of Stock | 1.1M | 294M | 254.7M | 166.7M |