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