IWG PLC financials
IWG PLC
Country: GB Reporting currency: GBP Latest annual report: 2023-12-31
LEI:
2138003LWDII27UTAG52 Financial statements
(GBP, as reported — unscaled; 118 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Revenue | £2.96B | £2.75B |
| Cost of sales | £2.35B | £2.18B |
| Gross profit | £589.0M | £575.0M |
| Operating profit (EBIT) | £145.0M | £147.0M |
| Net finance income / (cost) | -£334.0M | -£252.0M |
| Finance costs | £348.0M | £287.0M |
| Profit before tax | -£189.0M | -£105.0M |
| Income tax expense | £27.0M | -£32.0M |
| Profit for the year | -£216.0M | -£72.0M |
| — attributable to owners | -£215.0M | -£69.0M |
| — attributable to NCI | -£1.0M | -£3.0M |
| Total comprehensive income | -£232.0M | -£67.0M |
| Per share | ||
| Basic EPS | £-0.21 | £-0.07 |
| Diluted EPS | £-0.21 | £-0.07 |
| Free cash flow / share | £1.03 | £0.87 |
| Cash flow statement | ||
| Cash generated from operations | £1.57B | £1.44B |
| Net cash from operating activities | £1.20B | £1.15B |
| Net cash from investing activities | -£163.0M | -£538.0M |
| Purchase of PP&E (capex) | £153.0M | £242.0M |
| Purchase of intangibles | £60.0M | £39.0M |
| Net cash from financing activities | -£1.08B | -£532.0M |
| Dividends paid | £0 | £0 |
| Proceeds from borrowings | £985.0M | £1.34B |
| Repayments of borrowings | £1.15B | £954.0M |
| Lease liability payments | £935.0M | £997.0M |
| Net change in cash | -£43.0M | £77.0M |
| Balance sheet | ||
| Total assets | £8.20B | £9.19B |
| Non-current assets | £7.14B | £8.04B |
| Property, plant & equipment | £5.40B | £6.23B |
| Right-of-use assets | £4.37B | £5.01B |
| Intangible assets & goodwill | £919.0M | £934.0M |
| Current assets | £1.06B | £1.15B |
| Inventories | £1.0M | £1.0M |
| Trade & other receivables | £891.0M | £919.0M |
| Cash & equivalents | £110.0M | £161.0M |
| Total equity | £85.0M | £312.0M |
| — attributable to owners | £34.0M | £260.0M |
| Non-controlling interests | £51.0M | £52.0M |
| Non-current liabilities | £5.37B | £5.86B |
| Long-term borrowings | £705.0M | £588.0M |
| Lease liabilities (non-current) | £4.45B | £5.04B |
| Current liabilities | £2.75B | £3.02B |
| Short-term borrowings | £13.0M | £285.0M |
| Lease liabilities (current) | £924.0M | £1.00B |
| Deferred tax liabilities | £173.0M | £175.0M |
| Derived metrics | ||
| Free cash flow | £1.04B | £905.0M |
| Operating margin | 4.9% | 5.3% |
| Net margin | -7.3% | -2.6% |
| Return on equity | -254.1% | -23.1% |
| Cash conversion ratio | -5.54× | -15.93× |
| Capex coverage | 7.82× | 4.74× |
| Other reported items | ||
| Adjustments For Amortisation Expense | £65.0M | £44.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -£19.0M | -£97.0M |
| Adjustments For Depreciation Expense | £1.12B | £1.15B |
| Adjustments For Finance Income Cost | -£334.0M | -£252.0M |
| Adjustments For Gain Loss On Disposals Property Plant and Equipment | -£61.0M | -£34.0M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | £0 | £3.0M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Property Plant and Equipment | £36.0M | -£13.0M |
| Adjustments For Income Tax Expense | £27.0M | -£32.0M |
| Adjustments For Increase Decrease In Trade and Other Payables | £144.0M | £191.0M |
| Adjustments For Provisions | -£26.0M | £40.0M |
| Adjustments For Sharebased Payments | £6.0M | £4.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | -£1.0M | -£1.0M |
| Basic Earnings Loss Per Share From Continuing Operations | £-0.21 | £-0.07 |
| Cash Flows From Used In Operations Before Changes In Working Capital | £1.42B | £1.33B |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | £10.0M | £307.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | -£1.0M | -£3.0M |
| Comprehensive Income Attributable To Owners of Parent | -£231.0M | -£64.0M |
| Current Deferred Income Including Current Contract Liabilities | £433.0M | £455.0M |
| Current Finance Lease Receivables | £33.0M | £52.0M |
| Current Provisions | £24.0M | £31.0M |
| Current Tax Assets | £27.0M | £19.0M |
| Current Tax Liabilities | £43.0M | £45.0M |
| Deferred Tax Assets | £451.0M | £457.0M |
| Diluted Earnings Loss Per Share From Continuing Operations | £-0.21 | £-0.07 |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | £0.01 | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -£8.0M | £6.0M |
| Equity and Liabilities | £8.20B | £9.19B |
| Finance Income | £14.0M | £35.0M |
| Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | £78.0M | -£52.0M |
| Income Taxes Paid Refund Classified As Operating Activities | £35.0M | £24.0M |
| Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control | — | £53.0M |
| Increase Decrease Through Disposal of Subsidiary | — | -£7.0M |
| Increase Decrease Through Exercise of Options | £0 | £0 |
| Increase Decrease Through Sharebased Payment Transactions | £6.0M | £4.0M |
| Increase Decrease Through Transactions With Owners | £5.0M | -£1.0M |
| Intangible Assets Other Than Goodwill | £209.0M | £214.0M |
| Interest Received Classified As Investing Activities | £1.0M | £1.0M |
| Investments In Joint Ventures | £45.0M | £45.0M |
| Issued Capital | £10.0M | £10.0M |
| Liabilities | £8.12B | £8.88B |
| Noncurrent Derivative Financial Liabilities | £0 | £0 |
| Noncurrent Finance Lease Receivables | £64.0M | £95.0M |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | £0 | £0 |
| Noncurrent Provisions | £18.0M | £37.0M |
| Noncurrent Recognised Liabilities Defined Benefit Plan | £3.0M | £2.0M |
| Other Adjustments For Noncash Items | -£6.0M | -£3.0M |
| Other Comprehensive Income | -£16.0M | £5.0M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | -£16.0M | £5.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -£16.0M | £5.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | £0 | £0 |
| Other Noncurrent Payables | £12.0M | £11.0M |
| Other Noncurrent Receivables | £53.0M | £57.0M |
| Other Property Plant and Equipment | £1.03B | £1.23B |
| Other Reserves | £26.0M | £26.0M |
| Payments To Acquire Or Redeem Entitys Shares | £1.0M | £5.0M |
| Proceeds From Exercise of Options | £0 | £0 |
| Proceeds From Issuing Shares | £0 | £53.0M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | £0 | £1.0M |
| Profit Loss From Continuing Operations | -£216.0M | -£73.0M |
| Profit Loss From Discontinued Operations | £0 | £1.0M |
| Purchase of Treasury Shares | £1.0M | £5.0M |
| Reserve of Exchange Differences On Translation | £5.0M | £21.0M |
| Retained Earnings | -£168.0M | £42.0M |
| Selling General and Administrative Expense | £443.0M | £427.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | -£1.0M | -£1.0M |
| Share Premium | £313.0M | £313.0M |
| Treasury Shares | £152.0M | £152.0M |
Methodology
Every line item above is a fact tagged in IWG PLC's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (GBP), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.