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)

	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