The Bankers Investment Trust PLC (NZX:BIT) Annual Report 2022



The latest annual report of The Bankers Investment Trust PLC (BIT) was published on 31 Oct 2022. 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
-163.82M
Gross Profit
-163.82M
EBIT
-171.54M
Net Tangible Assets
1.36B
Net Income
-179.17M
Capital Expenditures
-

BIT Income Statement 2022 Annual Report

As per the latest Income Statement of BIT, the Net revenue decreased by £-507.84M (-148%) compared to the previous period. The operating income in 2022 decreased by £-508.34M (-151%). The net income as per the annual report was -179.17M which decreased by £-509.81M (-154%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue -163.82M 344.01M
Gross Profit -163.82M 344.01M
Operating Income -171.54M 336.8M
Income Before Tax -176.03M 333.34M
Net Income -179.17M 330.64M

Balance Sheet - BIT 2022 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 increased the cash on balance sheet by £40.44M (159%). The Net tangible assets of BIT on the balance sheet were at 1.36B which is £-226.72M (-14%) less than previous annual report. The total stockholder equity also decreased by £-226.72M (-14%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 65.87M 25.43M
Total Assets 1.5B 1.73B
Long Term Debt 124.28M 138.68M
Total Liabilities 143.43M 142.43M
Total Shareholder Equity 1.36B 1.59B
Net Tangible Assets 1.36B 1.59B

Cash Flow Statement - BIT 2022 Annual Report

The 2022 annual cash flow statement of The Bankers Investment Trust PLC showed that the net income decreased by £-509.81M (-154%) compared to previous reporting period. Also the capital expenditure of BIT increased by £NaN (NaN%).

As of 2022, the total cash from investing activities was - and total cash from financing activities was -47.23M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -179.17M 330.64M
Capital Expenditures - -
Dividends Paid -29.02M -28.16M
Total Cash From From Investing Activities - -
Total Cash From From Financing Activities -47.23M 70.01M

The Bankers Investment Trust PLC Annual Report History

Income Statement

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

31 Oct 2022 31 Oct 2021 31 Oct 2020 31 Oct 2019
Total Revenue -163.82M 344.01M 70.76M 137.12M
Cost Of Revenue - - - -
Gross Profit -163.82M 344.01M 70.76M 137.12M
Research Development - - - -
Selling General Administrative 7.71M 7.22M 6.25M 5.8M
Non Recurring - - - -
Other Operating Expenses -2k -4k -14k -13k
Total Operating Expenses 7.71M 7.21M 6.24M 5.79M
Operating Income -171.54M 336.8M 64.52M 131.33M
Total Other Income Expense Net -4.49M -3.46M -3.05M -3.04M
Ebit -171.54M 336.8M 64.52M 131.33M
Interest Expense -4.49M -3.46M -3.05M -3.04M
Income Before Tax -176.03M 333.34M 61.48M 128.29M
Income Tax Expense 3.15M 2.71M 1.84M 1.9M
Minority Interest - - - -
Net Income From Continuing Ops -179.17M 330.64M 59.64M 126.39M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -179.17M 330.64M 59.64M 126.39M
Net Income Applicable To Common Shares -179.17M 330.64M 59.64M 126.39M

Balance Sheet Statement

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

31 Oct 2022 31 Oct 2021 31 Oct 2020 31 Oct 2019
Cash 65.87M 25.43M 54.22M 54.94M
Net Receivables 2.25M 1.63M 1.24M 2.17M
Total Current Assets 70.37M 37.65M 82.26M 104.07M
Long Term Investments 1.43B 1.69B 1.25B 1.13B
Total Assets 1.5B 1.73B 1.33B 1.23B
Accounts Payable 1.6M - - 2.87M
Short Long Term Debt 15M - - -
Other Current Liab 900k 406k 376k 472k
Long Term Debt 124.28M 138.68M 64.83M 64.82M
Total Current Liabilities 19.15M 3.75M 3M 4.56M
Total Liab 143.43M 142.43M 67.83M 69.38M
Common Stock 32.88M 32.83M 32.29M 30.99M
Retained Earnings 1.16B 1.38B 1.08B 1.04B
Treasury Stock 12.49M 12.54M 12.49M 12.49M
Capital Surplus 159.8M 159.8M 134.12M 78.54M
Other Stockholder Equity 12.49M 12.54M 12.49M 12.49M
Total Stockholder Equity 1.36B 1.59B 1.26B 1.16B
Net Tangible Assets 1.36B 1.59B 1.26B 1.16B

Cash Flow Statement

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

31 Oct 2022 31 Oct 2021 31 Oct 2020 31 Oct 2019
Net Income -179.17M 330.64M 59.64M 126.39M
Change To Netincome 267.29M -429.02M -98.13M -68.21M
Change To Account Receivables 1k 2k 1.02M 808k
Change To Liabilities 123k 374k -1.56M 1.19M
Change To Operating Activities -257k 42k -62k -42k
Total Cash From Operating Activities 87.98M -97.97M -39.1M 60.13M
Dividends Paid -29.02M -28.16M -26.97M -24.77M
Total Cash From Financing Activities -47.23M 70.01M 38.13M -24.77M
Effect Of Exchange Rate -310k -836k 247k -500k
Change In Cash 40.44M -28.79M -723k 34.87M
Repurchase Of Stock -18.21M -2.27M -2.27M -2.27M
Capital Expenditures - - - -
Total Cashflows From Investing Activities - - - -