Templeton Emerging Markets Investment Trust plc (NZX:TEM) Annual Report 2022



The latest annual report of Templeton Emerging Markets Investment Trust plc (TEM) was published on 31 Mar 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 - TEM Annual Results

Amounts in GBP

Total Revenue
-406.31M
Gross Profit
-406.31M
EBIT
-429.71M
Net Tangible Assets
2.1B
Net Income
-442.41M
Capital Expenditures
-

TEM Income Statement 2022 Annual Report

As per the latest Income Statement of TEM, the Net revenue decreased by £-1.351868B (-143%) compared to the previous period. The operating income in 2022 decreased by £-1.352693B (-147%). The net income as per the annual report was -442.41M which decreased by £-1.376837B (-147%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue -406.31M 945.55M
Gross Profit -406.31M 945.55M
Operating Income -429.71M 922.99M
Income Before Tax -432.73M 922.6M
Net Income -442.41M 934.43M

Balance Sheet - TEM 2022 Annual Report

Read further: TEM Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Templeton Emerging Markets Investment Trust plc showed the company increased the cash on balance sheet by £40.64M (48%). The Net tangible assets of TEM on the balance sheet were at 2.1B which is £-490.90M (-19%) less than previous annual report. The total stockholder equity also decreased by £-490.90M (-19%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 125.86M 85.21M
Total Assets 2.27B 2.7B
Long Term Debt 100M 100M
Total Liabilities 166.92M 108.32M
Total Shareholder Equity 2.1B 2.59B
Net Tangible Assets 2.1B 2.59B

Cash Flow Statement - TEM 2022 Annual Report

The 2022 annual cash flow statement of Templeton Emerging Markets Investment Trust plc showed that the net income decreased by £-1.376837B (-147%) compared to previous reporting period. Also the capital expenditure of TEM increased by £NaN (NaN%).

As of 2022, the total cash from investing activities was 12.77M and total cash from financing activities was 346k.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -442.41M 934.43M
Capital Expenditures - -
Dividends Paid -11.81M -45.5M
Total Cash From From Investing Activities 12.77M 68.06M
Total Cash From From Financing Activities 346k -122.17M

Templeton Emerging Markets Investment Trust plc Annual Report History

Income Statement

Income Statement history of Templeton Emerging Markets Investment Trust plc (NZX:TEM)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue -406.31M 945.55M -196.22M 55.78M
Cost Of Revenue - - - -
Gross Profit -406.31M 945.55M -196.22M 55.78M
Research Development - - - -
Selling General Administrative 21.42M 20.81M 19.67M 19.85M
Non Recurring - - - -
Other Operating Expenses 1.98M 1.76M 2.1M 1.94M
Total Operating Expenses 23.39M 22.57M 21.76M 21.78M
Operating Income -429.71M 922.99M -217.98M 34M
Total Other Income Expense Net -3.02M -391k -3.79M -9.9M
Ebit -429.71M 922.99M -217.98M 34M
Interest Expense -2.86M -2.58M -2.91M -3.71M
Income Before Tax -432.73M 922.6M -221.78M 24.1M
Income Tax Expense 9.68M -11.83M 4.96M 6.49M
Minority Interest - - - -
Net Income From Continuing Ops -442.41M 934.43M -226.74M 17.61M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -442.41M 934.43M -226.74M 17.61M
Net Income Applicable To Common Shares -442.41M 934.43M -226.74M 17.61M

Balance Sheet Statement

Balance Sheet Statement history of Templeton Emerging Markets Investment Trust plc (NZX:TEM)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 125.86M 85.21M 87.83M 73.21M
Net Receivables 16.93M 15.32M 10.74M 11.61M
Total Current Assets 142.78M 100.53M 98.57M 84.83M
Long Term Investments 2.12B 2.6B 1.78B 2.16B
Total Assets 2.27B 2.7B 1.88B 2.25B
Accounts Payable 3.29M 11k - 237k
Other Current Liab 1.56M - 813k 1.99M
Long Term Debt 100M 100M 100M -
Other Liab 9.21M 4.96M - -
Total Current Liabilities 57.72M 3.36M 3.17M 129.08M
Total Liab 166.92M 108.32M 103.17M 129.08M
Common Stock 64.14M 64.25M 65.81M 68.05M
Retained Earnings 1.58B 2.08B 1.26B 1.6B
Treasury Stock 452.08M 451.96M 450.4M 448.17M
Other Stockholder Equity 452.08M 451.96M 450.4M 448.17M
Total Stockholder Equity 2.1B 2.59B 1.78B 2.12B
Net Tangible Assets 2.1B 2.59B 1.78B 2.12B

Cash Flow Statement

Cash Flow Statement history of Templeton Emerging Markets Investment Trust plc (NZX:TEM)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income -442.41M 934.43M -226.74M 17.61M
Change To Netincome 470.54M -883.81M 271.96M 15.12M
Change To Account Receivables 16k -104k -732k -908k
Change To Liabilities -614k 981k -108k 1.67M
Total Cash From Operating Activities 27.53M 51.49M 44.39M 33.49M
Investments 12.77M 68.06M 112.92M 195.69M
Total Cashflows From Investing Activities 12.77M 68.06M 112.92M 195.69M
Dividends Paid -11.81M -45.5M -39.61M -52.74M
Net Borrowings 50M 50M -24.68M -19.87M
Other Cashflows From Financing Activities -2.73M -2.56M -2.61M -3.69M
Total Cash From Financing Activities 346k -122.17M -142.69M -223.81M
Change In Cash 40.64M -2.62M 14.62M 5.37M
Repurchase Of Stock -2.04M -50.45M -69.45M -147.51M
Capital Expenditures - - - -