The Bankers Investment Trust PLC (NZX:BIT) Annual Report 2021



The latest annual report of The Bankers Investment Trust PLC (BIT) was published on 31 Oct 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 - BIT Annual Results

Amounts in GBP

Total Revenue
344.01M
Gross Profit
344.01M
EBIT
336.8M
Net Tangible Assets
1.59B
Net Income
330.64M
Capital Expenditures
-

BIT Income Statement 2021 Annual Report

As per the latest Income Statement of BIT, the Net revenue increased by £273.25M (386%) compared to the previous period. The operating income in 2021 increased by £272.28M (422%). The net income as per the annual report was 330.64M which increased by £271.00M (454%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 344.01M 70.76M
Gross Profit 344.01M 70.76M
Operating Income 336.8M 64.52M
Income Before Tax 333.34M 61.48M
Net Income 330.64M 59.64M

Balance Sheet - BIT 2021 Annual Report

Read further: BIT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of The Bankers Investment Trust PLC showed the company reduced the cash on balance sheet by £-28.79M (-53%). The Net tangible assets of BIT on the balance sheet were at 1.59B which is £326.41M (26%) more than previous annual report. The total stockholder equity also increased by £326.41M (26%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 25.43M 54.22M
Total Assets 1.73B 1.33B
Long Term Debt 138.68M 64.83M
Total Liabilities 142.43M 67.83M
Total Shareholder Equity 1.59B 1.26B
Net Tangible Assets 1.59B 1.26B

Cash Flow Statement - BIT 2021 Annual Report

The 2021 annual cash flow statement of The Bankers Investment Trust PLC showed that the net income increased by £271.00M (454%) compared to previous reporting period. Also the capital expenditure of BIT increased by £NaN (NaN%).

As of 2021, the total cash from investing activities was - and total cash from financing activities was 70.01M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 330.64M 59.64M
Capital Expenditures - -
Dividends Paid -28.16M -26.97M
Total Cash From From Investing Activities - -
Total Cash From From Financing Activities 70.01M 38.13M

The Bankers Investment Trust PLC Annual Report History

Income Statement

Income Statement history of The Bankers Investment Trust PLC (NZX:BIT)

31 Oct 2021 31 Oct 2020 31 Oct 2019 31 Oct 2018
Total Revenue 344.01M 70.76M 137.12M 17.93M
Cost Of Revenue - - - -
Gross Profit 344.01M 70.76M 137.12M 17.93M
Research Development - - - -
Selling General Administrative 7.22M 6.25M 5.8M 5.47M
Non Recurring - - - -
Other Operating Expenses -4k -14k -13k -3k
Total Operating Expenses 7.21M 6.24M 5.79M 5.47M
Operating Income 336.8M 64.52M 131.33M 12.47M
Total Other Income Expense Net -3.46M -3.05M -3.04M -3.06M
Ebit 336.8M 64.52M 131.33M 12.47M
Interest Expense -3.46M -3.05M -3.04M -3.06M
Income Before Tax 333.34M 61.48M 128.29M 9.41M
Income Tax Expense 2.71M 1.84M 1.9M 1.82M
Minority Interest - - - -
Net Income From Continuing Ops 330.64M 59.64M 126.39M 7.58M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 330.64M 59.64M 126.39M 7.58M
Net Income Applicable To Common Shares 330.64M 59.64M 126.39M 7.58M

Balance Sheet Statement

Balance Sheet Statement history of The Bankers Investment Trust PLC (NZX:BIT)

31 Oct 2021 31 Oct 2020 31 Oct 2019 31 Oct 2018
Cash 25.43M 54.22M 54.94M 20.07M
Net Receivables 1.63M 1.24M 2.17M 2.74M
Total Current Assets 37.65M 82.26M 104.07M 42.75M
Long Term Investments 1.69B 1.25B 1.13B 1.09B
Total Assets 1.73B 1.33B 1.23B 1.13B
Other Current Liab 406k 376k 472k 238k
Long Term Debt 138.68M 64.83M 64.82M 64.83M
Total Current Liabilities 3.75M 3M 4.56M 3.37M
Total Liab 142.43M 67.83M 69.38M 68.2M
Common Stock 32.83M 32.29M 30.99M 30.99M
Retained Earnings 1.38B 1.08B 1.04B 939.57M
Treasury Stock 12.54M 12.49M 12.49M 12.49M
Capital Surplus 159.8M 134.12M 78.54M 78.54M
Other Stockholder Equity 12.54M 12.49M 12.49M 12.49M
Total Stockholder Equity 1.59B 1.26B 1.16B 1.06B
Net Tangible Assets 1.59B 1.26B 1.16B 1.06B

Cash Flow Statement

Cash Flow Statement history of The Bankers Investment Trust PLC (NZX:BIT)

31 Oct 2021 31 Oct 2020 31 Oct 2019 31 Oct 2018
Net Income 330.64M 59.64M 126.39M 7.58M
Change To Netincome -429.02M -98.13M -68.21M 19.9M
Change To Liabilities - -2.87M 935k -6.16M
Change To Operating Activities 418k 1.28M 165k 183k
Total Cash From Operating Activities -97.97M -39.1M 60.13M 19.67M
Dividends Paid -28.16M -26.97M -24.77M -23.57M
Net Borrowings 74.23M 74.23M 74.23M 74.23M
Other Cashflows From Financing Activities -235k -130k -130k -130k
Total Cash From Financing Activities 70.01M 38.13M -24.77M -23.57M
Effect Of Exchange Rate -836k 247k -500k -132k
Change In Cash -28.79M -723k 34.87M -4.03M
Repurchase Of Stock -2.27M -2.27M -2.27M -2.27M
Issuance Of Stock 26.45M 65.22M 65.22M 65.22M
Capital Expenditures - - - -
Total Cashflows From Investing Activities - - - -