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)

20212020
Total Revenue344.01M70.76M
Gross Profit344.01M70.76M
Operating Income336.8M64.52M
Income Before Tax333.34M61.48M
Net Income330.64M59.64M

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)

20212020
Cash25.43M54.22M
Total Assets1.73B 1.33B
Long Term Debt138.68M64.83M
Total Liabilities142.43M 67.83M
Total Shareholder Equity1.59B1.26B
Net Tangible Assets1.59B1.26B

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)

20212020
Net Income330.64M59.64M
Capital Expenditures--
Dividends Paid-28.16M-26.97M
Total Cash From From Investing Activities--
Total Cash From From Financing Activities70.01M38.13M

The Bankers Investment Trust PLC Annual Report History

Income Statement

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

31 Oct 202131 Oct 202031 Oct 201931 Oct 2018
Total Revenue344.01M70.76M137.12M17.93M
Cost Of Revenue----
Gross Profit344.01M70.76M137.12M17.93M
Research Development----
Selling General Administrative7.22M6.25M5.8M5.47M
Non Recurring----
Other Operating Expenses-4k-14k-13k-3k
Total Operating Expenses7.21M6.24M5.79M5.47M
Operating Income336.8M64.52M131.33M12.47M
Total Other Income Expense Net-3.46M-3.05M-3.04M-3.06M
Ebit336.8M64.52M131.33M12.47M
Interest Expense-3.46M-3.05M-3.04M-3.06M
Income Before Tax333.34M61.48M128.29M9.41M
Income Tax Expense2.71M1.84M1.9M1.82M
Minority Interest----
Net Income From Continuing Ops330.64M59.64M126.39M7.58M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income330.64M59.64M126.39M7.58M
Net Income Applicable To Common Shares330.64M59.64M126.39M7.58M

Balance Sheet Statement

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

31 Oct 202131 Oct 202031 Oct 201931 Oct 2018
Cash25.43M54.22M54.94M20.07M
Net Receivables1.63M1.24M2.17M2.74M
Total Current Assets37.65M82.26M104.07M42.75M
Long Term Investments1.69B1.25B1.13B1.09B
Total Assets1.73B1.33B1.23B1.13B
Other Current Liab406k376k472k238k
Long Term Debt138.68M64.83M64.82M64.83M
Total Current Liabilities3.75M3M4.56M3.37M
Total Liab142.43M67.83M69.38M68.2M
Common Stock32.83M32.29M30.99M30.99M
Retained Earnings1.38B1.08B1.04B939.57M
Treasury Stock12.54M12.49M12.49M12.49M
Capital Surplus159.8M134.12M78.54M78.54M
Other Stockholder Equity12.54M12.49M12.49M12.49M
Total Stockholder Equity1.59B1.26B1.16B1.06B
Net Tangible Assets1.59B1.26B1.16B1.06B

Cash Flow Statement

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

31 Oct 202131 Oct 202031 Oct 201931 Oct 2018
Net Income330.64M59.64M126.39M7.58M
Change To Netincome-429.02M-98.13M-68.21M19.9M
Change To Liabilities--2.87M935k-6.16M
Change To Operating Activities418k1.28M165k183k
Total Cash From Operating Activities-97.97M-39.1M60.13M19.67M
Dividends Paid-28.16M-26.97M-24.77M-23.57M
Net Borrowings74.23M74.23M74.23M74.23M
Other Cashflows From Financing Activities-235k-130k-130k-130k
Total Cash From Financing Activities70.01M38.13M-24.77M-23.57M
Effect Of Exchange Rate-836k247k-500k-132k
Change In Cash-28.79M-723k34.87M-4.03M
Repurchase Of Stock-2.27M-2.27M-2.27M-2.27M
Issuance Of Stock26.45M65.22M65.22M65.22M
Capital Expenditures----
Total Cashflows From Investing Activities----