VEON Ltd. financials
Also U.S.-listed. VEON Ltd. is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: VEON — VEON Ltd.
VEON Ltd.
Country: NL Reporting currency: USD Latest annual report: 2021-12-31
LEI:
5493008CA3NMHYEVT131 Financial statements
(USD, as reported — unscaled; 106 line items across 3 annual periods)
| Line item | 2021 | 2020 | 2019 |
|---|---|---|---|
| Income statement | |||
| Revenue | $7.79B | $7.29B | $8.09B |
| Other income | $4.0M | $4.0M | $350.0M |
| Depreciation & amortisation | $308.0M | $310.0M | $333.0M |
| Operating profit (EBIT) | $1.54B | $511.0M | $1.86B |
| Finance costs | $690.0M | $673.0M | $876.0M |
| Profit before tax | $908.0M | -$82.0M | $1.04B |
| Income tax expense | $258.0M | $313.0M | $462.0M |
| Profit for the year | $801.0M | -$316.0M | $683.0M |
| — attributable to NCI | $127.0M | $33.0M | $62.0M |
| Total comprehensive income | $598.0M | -$857.0M | $739.0M |
| Cash flow statement | |||
| Dividends paid | $89.0M | $349.0M | $633.0M |
| Proceeds from borrowings | $2.09B | $4.62B | $2.61B |
| Repayments of borrowings | $2.47B | $4.35B | $2.89B |
| Net change in cash | $714.0M | $474.0M | -$564.0M |
| Balance sheet | |||
| Total assets | $15.92B | $14.55B | — |
| Non-current assets | $10.50B | $11.70B | — |
| Property, plant & equipment | $6.72B | $6.88B | — |
| Intangible assets & goodwill | $3.24B | $4.15B | — |
| Current assets | $3.55B | $2.85B | — |
| Inventories | $111.0M | $111.0M | — |
| Trade & other receivables | $690.0M | $572.0M | — |
| Cash & equivalents | $2.25B | $1.67B | — |
| Total equity | $1.50B | $1.01B | $2.22B |
| — attributable to owners | $586.0M | $163.0M | — |
| Non-controlling interests | $919.0M | $850.0M | — |
| Non-current liabilities | $9.64B | $9.13B | — |
| Current liabilities | $4.38B | $4.41B | — |
| Trade & other payables | $2.03B | $1.95B | — |
| Deferred tax liabilities | $115.0M | $127.0M | — |
| Derived metrics | |||
| Operating margin | 19.8% | 7.0% | 23.1% |
| Net margin | 10.3% | -4.3% | 8.4% |
| Return on equity | 53.2% | -31.2% | 30.8% |
| Other reported items | |||
| Adjustments For Decrease Increase In Inventories | -$7.0M | $39.0M | -$28.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -$259.0M | -$17.0M | -$158.0M |
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $1.87B | $2.53B | $1.95B |
| Adjustments For Finance Costs | $690.0M | $673.0M | $876.0M |
| Adjustments For Finance Income | $16.0M | $23.0M | $52.0M |
| Adjustments For Gain Loss On Disposal of Investments In Subsidiaries Joint Ventures and Associates | $101.0M | -$78.0M | $1.0M |
| Adjustments For Increase Decrease In Trade and Other Payables | $202.0M | $38.0M | -$13.0M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | $17.0M | $36.0M | $44.0M |
| Adjustments For Provisions | -$1.0M | -$35.0M | $97.0M |
| Adjustments For Unrealised Foreign Exchange Losses Gains | -$4.0M | $54.0M | $18.0M |
| Bank Overdrafts Classified As Cash Equivalents | $13.0M | $8.0M | — |
| Basic and Diluted Earnings Loss Per Share | $0.39 | $-0.20 | $0.36 |
| Basic and Diluted Earnings Loss Per Share From Continuing Operations | $0.35 | $-0.22 | $0.33 |
| Basic and Diluted Earnings Loss Per Share From Discontinued Operations | $0.04 | $0.02 | $0.03 |
| Cash and Cash Equivalents Classified As Part of Disposal Group Held For Sale | -$113.0M | $0 | $0 |
| Cash and Cash Equivalents If Different From Statement of Financial Position | $2.24B | $1.66B | $1.24B |
| Cash Flows From Used In Financing Activities Continuing Operations | -$676.0M | -$33.0M | -$1.48B |
| Cash Flows From Used In Financing Activities Discontinued Operations | -$68.0M | -$70.0M | -$156.0M |
| Cash Flows From Used In Investing Activities Continuing Operations | -$1.07B | -$1.76B | -$1.79B |
| Cash Flows From Used In Investing Activities Discontinued Operations | -$114.0M | -$102.0M | -$84.0M |
| Cash Flows From Used In Operating Activities Continuing Operations | $2.38B | $2.23B | $2.64B |
| Cash Flows From Used In Operating Activities Discontinued Operations | $263.0M | $212.0M | $305.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | $85.0M | -$57.0M | $6.0M |
| Comprehensive Income Attributable To Owners of Parent | $513.0M | -$800.0M | $733.0M |
| Cost of Merchandise Sold | $487.0M | $378.0M | $476.0M |
| Current Financial Assets | $86.0M | $90.0M | — |
| Current Financial Liabilities | $1.24B | $1.25B | — |
| Current Provisions | $109.0M | $151.0M | — |
| Current Tax Assets Current | $70.0M | $73.0M | — |
| Current Tax Liabilities Current | $228.0M | $175.0M | — |
| Deferred Tax Assets | $228.0M | $186.0M | — |
| Depreciation Expense | $1.54B | $1.43B | $1.51B |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | $0 | $259.0M | $520.0M |
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | $19.0M | $43.0M | $69.0M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -$23.0M | -$51.0M | -$8.0M |
| Equity and Liabilities | $15.92B | $14.55B | — |
| Finance Income | $16.0M | $23.0M | $52.0M |
| Gains Losses On Disposals of Investments | $101.0M | -$78.0M | $1.0M |
| Gains Losses On Disposals of Noncurrent Assets | -$17.0M | -$36.0M | -$44.0M |
| Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $20.0M | $784.0M | $108.0M |
| Income Taxes Paid Refund Classified As Operating Activities | $289.0M | $328.0M | $466.0M |
| Increase Decrease Through Acquisition of Subsidiary | -$10.0M | — | — |
| Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control | -$7.0M | — | -$608.0M |
| Increase Decrease Through Transfers and Other Changes Equity | $0 | -$1.0M | -$53.0M |
| Interest Paid Classified As Operating Activities | $619.0M | $640.0M | $708.0M |
| Interest Received Classified As Operating Activities | $16.0M | $23.0M | $58.0M |
| Liabilities Included In Disposal Groups Classified As Held For Sale | $391.0M | $0 | — |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | $1.86B | $0 | — |
| Noncurrent Financial Assets | $99.0M | $305.0M | — |
| Noncurrent Financial Liabilities | $9.40B | $8.83B | — |
| Noncurrent Provisions | $87.0M | $141.0M | — |
| Other Adjustments To Reconcile Profit Loss | -$34.0M | -$111.0M | -$21.0M |
| Other Comprehensive Income | -$203.0M | -$541.0M | $56.0M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | -$200.0M | -$623.0M | $49.0M |
| Other Current Assets | $344.0M | $335.0M | — |
| Other Current Liabilities | $773.0M | $883.0M | — |
| Other Gains Losses | $34.0M | $111.0M | $21.0M |
| Other Individually Immaterial Components of Other Comprehensive Income Net of Tax | $0 | $1.0M | $26.0M |
| Other Inflows Outflows of Cash Classified As Investing Activities | $4.0M | -$6.0M | $26.0M |
| Other Noncurrent Assets | $216.0M | $179.0M | — |
| Other Noncurrent Liabilities | $36.0M | $28.0M | — |
| Other Revenue | $133.0M | $117.0M | $154.0M |
| Payments For Debt Issue Costs | $32.0M | $29.0M | $23.0M |
| Proceeds From Changes In Ownership Interests In Subsidiaries | $861.0M | $36.0M | $0 |
| Profit Loss From Continuing Operations | $650.0M | -$395.0M | $582.0M |
| Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders of Parent Entity | $605.0M | -$384.0M | $576.0M |
| Profit Loss From Discontinued Operations | $151.0M | $79.0M | $101.0M |
| Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders of Parent Entity | $69.0M | $35.0M | $45.0M |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | $1.80B | $1.68B | $1.58B |
| Reclassification Adjustments On Exchange Differences On Translation Net of Tax | $0 | -$96.0M | $0 |
| Revenue From Rendering of Services | $7.15B | $6.79B | $7.47B |
| Revenue From Sale of Goods | $508.0M | $388.0M | $463.0M |
| Selling General and Administrative Expense | $2.58B | $2.43B | $2.74B |
| Services Expense | $1.39B | $1.33B | $1.37B |
Methodology
Every line item above is a fact tagged in VEON Ltd.'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 (USD), 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.