The City of London Investment Trust plc (NZX:TCL) Annual Report 2022



The latest annual report of The City of London Investment Trust plc (TCL) was published on 30 Jun 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 - TCL Annual Results

Amounts in GBP

Total Revenue
111.61M
Gross Profit
111.61M
EBIT
105.02M
Net Tangible Assets
1.8B
Net Income
99.23M
Capital Expenditures
-

TCL Income Statement 2022 Annual Report

As per the latest Income Statement of TCL, the Net revenue decreased by £-166.54M (-60%) compared to the previous period. The operating income in 2022 decreased by £-167.43M (-61%). The net income as per the annual report was 99.23M which decreased by £-166.76M (-63%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 111.61M 278.16M
Gross Profit 111.61M 278.16M
Operating Income 105.02M 272.45M
Income Before Tax 100.47M 267.16M
Net Income 99.23M 266M

Balance Sheet - TCL 2022 Annual Report

Read further: TCL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of The City of London Investment Trust plc showed the company increased the cash on balance sheet by £NaN (NaN%). The Net tangible assets of TCL on the balance sheet were at 1.8B which is £69.33M (4%) more than previous annual report. The total stockholder equity also increased by £69.33M (4%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash - -
Total Assets 1.94B 1.86B
Long Term Debt 115.58M 115.53M
Total Liabilities 138.41M 129.85M
Total Shareholder Equity 1.8B 1.73B
Net Tangible Assets 1.8B 1.73B

Cash Flow Statement - TCL 2022 Annual Report

The 2022 annual cash flow statement of The City of London Investment Trust plc showed that the net income decreased by £-166.76M (-63%) compared to previous reporting period. Also the capital expenditure of TCL increased by £NaN (NaN%).

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

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 99.23M 266M
Capital Expenditures - -
Dividends Paid - -
Total Cash From From Investing Activities - -
Total Cash From From Financing Activities - -

The City of London Investment Trust plc Annual Report History

Income Statement

Income Statement history of The City of London Investment Trust plc (NZX:TCL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 111.61M 278.16M -223.43M 56.7M
Cost Of Revenue - - - -
Gross Profit 111.61M 278.16M -223.43M 56.7M
Research Development - - - -
Selling General Administrative 6.59M 5.71M 5.56M 5.79M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 6.59M 5.71M 5.56M 5.79M
Operating Income 105.02M 272.45M -228.99M 50.91M
Total Other Income Expense Net -4.55M -5.29M -6.84M -7.22M
Ebit 105.02M 272.45M -228.99M 50.91M
Interest Expense -4.55M -5.29M -6.84M -7.22M
Income Before Tax 100.47M 267.16M -235.84M 43.69M
Income Tax Expense 1.24M 1.17M 1.18M 1.18M
Minority Interest - - - -
Net Income From Continuing Ops 99.23M 266M -237.01M 42.51M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 99.23M 266M -237.01M 42.51M
Net Income Applicable To Common Shares 99.23M 266M -237.01M 42.51M

Balance Sheet Statement

Balance Sheet Statement history of The City of London Investment Trust plc (NZX:TCL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Other Current Assets 2.76M 1.95M 1.9M 1.49M
Total Current Assets 11.45M 10.16M 5.96M 14.93M
Long Term Investments 1.92B 1.85B 1.57B 1.72B
Total Assets 1.94B 1.86B 1.58B 1.74B
Accounts Payable 479k - 1.72M 3.16M
Other Current Liab 426k 426k 426k 426k
Long Term Debt 115.58M 115.53M 85.75M 115.76M
Total Current Liabilities 22.84M 14.32M 59.33M 25.35M
Total Liab 138.41M 129.85M 145.07M 141.11M
Common Stock 114.91M 111.41M 104.1M 94.71M
Retained Earnings 769.9M 757.62M 572.48M 884.6M
Treasury Stock 2.71M 2.71M 2.71M 2.71M
Capital Surplus 909.14M 855.6M 752.97M 613.71M
Other Stockholder Equity 2.71M 2.71M 2.71M 2.71M
Total Stockholder Equity 1.8B 1.73B 1.43B 1.6B
Net Tangible Assets 1.8B 1.73B 1.43B 1.6B
Cash - - - -

Cash Flow Statement

Cash Flow Statement history of The City of London Investment Trust plc (NZX:TCL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 99.23M 266M -237.01M 42.51M
Change To Liabilities - - - -
Capital Expenditures - - - -
Dividends Paid - - - -
Total Cashflows From Investing Activities - - - -
Total Cash From Financing Activities - - - -