8I Holdings Limited (ASX:8IH) Annual Report 2021



The latest annual report of 8I Holdings Limited (8IH) was published on 31 Mar 2021. 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 - 8IH Annual Results

Amounts in SGD

Total Revenue
32.6M
Gross Profit
26.45M
EBIT
11M
Net Tangible Assets
34.62M
Net Income
7.95M
Capital Expenditures
-587.43k

8IH Income Statement 2021 Annual Report

As per the latest Income Statement of 8IH, the Net revenue increased by S$23.00M (239%) compared to the previous period. The operating income in 2021 increased by S$15.52M (344%). The net income as per the annual report was 7.95M which increased by S$11.63M (316%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue32.6M9.61M
Gross Profit26.45M6.22M
Operating Income11M-4.52M
Income Before Tax10.08M-3.84M
Net Income7.95M-3.68M

Balance Sheet - 8IH 2021 Annual Report

Read further: 8IH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 8I Holdings Limited showed the company increased the cash on balance sheet by S$8.38M (45%). The Net tangible assets of 8IH on the balance sheet were at 34.62M which is S$6.73M (24%) more than previous annual report. The total stockholder equity also increased by S$7.09M (25%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash26.82M18.44M
Total Assets58.01M 40.26M
Long Term Debt--
Total Liabilities20.31M 10.88M
Total Shareholder Equity35.41M28.32M
Net Tangible Assets34.62M27.89M

Cash Flow Statement - 8IH 2021 Annual Report

The 2021 annual cash flow statement of 8I Holdings Limited showed that the net income increased by S$11.63M (316%) compared to previous reporting period. Also the capital expenditure of 8IH decreased by S$-388804 (-196%).

As of 2021, the total cash from investing activities was -555.13k and total cash from financing activities was -1.1M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income7.95M-3.68M
Capital Expenditures-587.43k-198.63k
Dividends Paid--
Total Cash From From Investing Activities-555.13k2.79M
Total Cash From From Financing Activities-1.1M-2.69M

8I Holdings Limited Annual Report History

Income Statement

Income Statement history of 8I Holdings Limited (ASX:8IH)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue32.6M9.61M19.85M22.25M
Cost Of Revenue6.15M3.38M13.03M12.43M
Gross Profit26.45M6.22M6.83M9.82M
Research Development----
Selling General Administrative16.52M11.04M18.07M14.91M
Non Recurring----
Other Operating Expenses-1.07M-295.63k-295.63k-295.63k
Total Operating Expenses21.6M14.12M31.1M27.33M
Operating Income11M-4.52M-11.25M-5.09M
Total Other Income Expense Net-923.27k682.6k395.37k657.91k
Ebit11M-4.52M-11.25M-5.09M
Interest Expense-33.77k-81.58k-16.53k-83.32k
Income Before Tax10.08M-3.84M-10.85M-4.43M
Income Tax Expense1.04M151.19k332.55k9.93k
Minority Interest2.29M1.06M756.7k3.37M
Net Income From Continuing Ops9.04M-3.99M-11.18M-4.44M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income7.95M-3.68M-10.2M-4.25M
Net Income Applicable To Common Shares7.95M-3.68M-10.2M-4.25M

Balance Sheet Statement

Balance Sheet Statement history of 8I Holdings Limited (ASX:8IH)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash26.82M18.44M12.38M23.33M
Short Term Investments657.05k736.98k529.55k689.64k
Net Receivables907.21k1.72M4.09M10.29M
Total Current Assets53.84M35.46M37.75M61.35M
Long Term Investments1.28M1.27M2.99M3.02M
Property Plant Equipment1.45M1.6M625.92k1.36M
Intangible Assets790.4k430.44k183.14k-
Other Assets648.25k1.51M1.11M951.51k
Deferred Long Term Asset Charges296.36k264.33k178.87k217.91k
Total Assets58.01M40.26M42.66M68.37M
Accounts Payable732.74k297.31k268.48k870.77k
Other Current Liab15.69M8.32M9.3M12.62M
Other Liab237.79k4k4k163.11k
Minority Interest2.29M1.06M756.7k3.37M
Total Current Liabilities20M10.81M10.31M20.15M
Total Liab20.31M10.88M10.33M20.37M
Common Stock33.97M34.46M34.49M34.42M
Retained Earnings15.56M7.62M10.87M21.07M
Treasury Stock-14.12M-13.75M-13.79M-10.87M
Other Stockholder Equity-14.12M-13.75M-13.79M-10.87M
Total Stockholder Equity35.41M28.32M31.57M44.63M
Net Tangible Assets34.62M27.89M31.39M42.94M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of 8I Holdings Limited (ASX:8IH)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income7.95M-3.68M-10.2M-4.25M
Depreciation1.66M1.74M655.66k622.16k
Change To Netincome-3.08M2.61M6.72M-1.72M
Change To Account Receivables-145.38k-69.07k-569.22k-575.95k
Change To Liabilities7.87M2.09M-170.2k-498.39k
Total Cash From Operating Activities10.19M5.69M-6.3M-7.01M
Capital Expenditures-587.43k-198.63k-377.64k-613.28k
Investments-8.13k315.05k-1.04M-88.96k
Total Cashflows From Investing Activities-555.13k2.79M4.22M2.92M
Net Borrowings-1.22M-1.39M48.56k48.56k
Other Cashflows From Financing Activities604.69k-1.26M225.19k6.55M
Total Cash From Financing Activities-1.1M-2.69M342.29k5.65M
Effect Of Exchange Rate-164.12k271.04k175.46k175.46k
Change In Cash8.38M6.06M-1.56M1.56M
Repurchase Of Stock-483.39k-35.81k-136.8k-136.8k
Dividends Paid----904.95k