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

Total Revenue
300.9M
Gross Profit
236.5M
EBIT
196.9M
Net Tangible Assets
3.51B
Net Income
342.4M
Capital Expenditures
-400k

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)

20212020
Total Revenue300.9M245.5M
Gross Profit236.5M192.2M
Operating Income196.9M148.9M
Income Before Tax343.1M-120.1M
Net Income342.4M-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)

20212020
Cash109.4M338.3M
Total Assets5.05B 5.23B
Long Term Debt1.16B1.71B
Total Liabilities1.5B 1.97B
Total Shareholder Equity3.53B3.23B
Net Tangible Assets3.51B3.22B

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)

20212020
Net Income342.4M-121M
Capital Expenditures-400k-700k
Dividends Paid-57.2M-57.2M
Total Cash From From Investing Activities244.9M-149.1M
Total Cash From From Financing Activities-645.1M327.2M

Unite Group Plc Annual Report History

Income Statement

Income Statement history of Unite Group Plc (LSE:UTG)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue300.9M245.5M200.1M169.5M
Cost Of Revenue64.4M53.3M32.1M40.2M
Gross Profit236.5M192.2M168M129.3M
Research Development----
Selling General Administrative36.3M34.7M26.6M23.6M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses104M96.6M59.6M63.8M
Operating Income196.9M148.9M140.5M105.7M
Total Other Income Expense Net146.2M-269M-241.7M140.1M
Ebit196.9M148.9M140.5M105.7M
Interest Expense-36.1M-60.8M-35.7M-14.3M
Income Before Tax343.1M-120.1M-101.2M245.8M
Income Tax Expense-1.4M2.1M-13.6M8.5M
Minority Interest26.6M25.1M26.5M25.8M
Net Income From Continuing Ops344.5M-122.2M-87.6M237.3M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income342.4M-121M-89.2M235.7M
Net Income Applicable To Common Shares342.4M-121M-89.2M235.7M

Balance Sheet Statement

Balance Sheet Statement history of Unite Group Plc (LSE:UTG)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash109.4M338.3M86.9M123.6M
Net Receivables93.5M56.7M55.7M73.2M
Inventory12.1M8.8M4M9.1M
Other Current Assets243.5M47.3M31.4M14.9M
Total Current Assets464.6M451.1M178M220.8M
Long Term Investments1.04B849M875.2M819.7M
Property Plant Equipment104M109M119.2M10.2M
Intangible Assets16.2M19M22.7M22.8M
Other Assets3.42B3.8B3.82B1.78B
Deferred Long Term Asset Charges3M1.9M2.9M-
Total Assets5.05B5.23B5.02B2.85B
Accounts Payable35.3M16.8M15.7M26.6M
Short Long Term Debt3.6M5.8M1.4M1.3M
Other Current Liab199M140.5M223M119.5M
Long Term Debt1.16B1.71B1.57B591.4M
Minority Interest26.6M25.1M26.5M25.8M
Total Current Liabilities242.8M167.5M244M147.4M
Total Liab1.5B1.97B1.92B750.7M
Common Stock99.8M99.5M90.9M65.9M
Retained Earnings1.23B949M1.07B1.22B
Treasury Stock41.8M26.1M36.7M42.2M
Capital Surplus2.16B2.16B1.87B740.5M
Other Stockholder Equity41.8M26.1M36.7M42.2M
Total Stockholder Equity3.53B3.23B3.07B2.07B
Net Tangible Assets3.51B3.22B3.05B2.05B

Cash Flow Statement

Cash Flow Statement history of Unite Group Plc (LSE:UTG)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income342.4M-121M-89.2M235.7M
Depreciation7.8M9.2M7.6M7.3M
Change To Netincome-157.7M243.2M184.7M-167.5M
Change To Account Receivables-52.5M-300k-1.6M-4.5M
Change To Liabilities34.2M-53.3M-21.3M-5.8M
Change To Inventory-2.9M-4.5M-1.7M-5.5M
Total Cash From Operating Activities171.3M73.3M78.5M59.7M
Capital Expenditures-400k-700k-400k-1.3M
Other Cashflows From Investing Activities37.1M10.3M33.7M38.4M
Total Cashflows From Investing Activities244.9M-149.1M-342.9M-148.5M
Dividends Paid-57.2M-57.2M-69.6M-62.3M
Net Borrowings-528M121.8M79M80.4M
Other Cashflows From Financing Activities-59.7M-87.9M-35.6M-22.2M
Total Cash From Financing Activities-645.1M327.2M227.7M161.2M
Change In Cash-228.9M251.4M-36.7M72.4M
Repurchase Of Stock-1.3M-700k-800k-1.4M
Issuance Of Stock1.1M294M254.7M166.7M