8I Holdings Limited (ASX:8IH) Annual Report 2022

The latest annual report of 8I Holdings Limited (8IH) 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 - 8IH Annual Results

Amounts in SGD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

8IH Income Statement 2022 Annual Report

As per the latest Income Statement of 8IH, the Net revenue decreased by S$-8.46M (-26%) compared to the previous period. The operating income in 2022 decreased by S$-18.46M (-168%). The net income as per the annual report was -4.16M which decreased by S$-12.11M (-152%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 24.14M 32.6M
Gross Profit 15.75M 26.45M
Operating Income -7.46M 11M
Income Before Tax -3.78M 10.08M
Net Income -4.16M 7.95M

Balance Sheet - 8IH 2022 Annual Report

Read further: 8IH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 8I Holdings Limited showed the company reduced the cash on balance sheet by S$-471640 (-2%). The Net tangible assets of 8IH on the balance sheet were at 31.05M which is S$-3.57M (-10%) less than previous annual report. The total stockholder equity also decreased by S$-2.94M (-8%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 26.35M 26.82M
Total Assets 65.47M 58.01M
Long Term Debt 393.71k -
Total Liabilities 29.43M 20.31M
Total Shareholder Equity 32.47M 35.41M
Net Tangible Assets 31.05M 34.62M

Cash Flow Statement - 8IH 2022 Annual Report

The 2022 annual cash flow statement of 8I Holdings Limited showed that the net income decreased by S$-12.11M (-152%) compared to previous reporting period. Also the capital expenditure of 8IH decreased by S$-1.86M (-316%).

As of 2022, the total cash from investing activities was -3.73M and total cash from financing activities was 3.96M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -4.16M 7.95M
Capital Expenditures -2.44M -587.43k
Dividends Paid - -
Total Cash From From Investing Activities -3.73M -555.13k
Total Cash From From Financing Activities 3.96M -1.1M

8I Holdings Limited Annual Report History

Income Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 24.14M 32.6M 9.61M 19.85M
Cost Of Revenue 8.39M 6.15M 3.38M 13.03M
Gross Profit 15.75M 26.45M 6.22M 6.83M
Research Development - - - -
Selling General Administrative 23.81M 16.52M 11.04M 18.07M
Non Recurring - - - -
Other Operating Expenses -605.36k -1.07M -295.63k -295.63k
Total Operating Expenses 31.6M 21.6M 14.12M 31.1M
Operating Income -7.46M 11M -4.52M -11.25M
Total Other Income Expense Net 3.67M -923.27k 682.6k 395.37k
Ebit -7.46M 11M -4.52M -11.25M
Interest Expense -116.11k -33.77k -81.58k -16.53k
Income Before Tax -3.78M 10.08M -3.84M -10.85M
Income Tax Expense -308.35k 1.04M 151.19k 332.55k
Minority Interest 3.57M 2.29M 1.06M 756.7k
Net Income From Continuing Ops -3.47M 9.04M -3.99M -11.18M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -4.16M 7.95M -3.68M -10.2M
Net Income Applicable To Common Shares -4.16M 7.95M -3.68M -10.2M

Balance Sheet Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 26.35M 26.82M 18.44M 12.38M
Short Term Investments 555.83k 657.05k 736.98k 529.55k
Net Receivables 3M 907.21k 1.72M 4.09M
Total Current Assets 54.94M 53.84M 35.46M 37.75M
Long Term Investments 1.31M 1.28M 1.27M 2.99M
Property Plant Equipment 6.91M 1.45M 1.6M 625.92k
Intangible Assets 1.43M 790.4k 430.44k 183.14k
Other Assets 893.7k 648.25k 1.51M 1.11M
Deferred Long Term Asset Charges 893.7k 296.36k 264.33k 178.87k
Total Assets 65.47M 58.01M 40.26M 42.66M
Accounts Payable 1.24M 732.74k 297.31k 268.48k
Short Long Term Debt 337.46k - - -
Other Current Liab 20.94M 15.69M 8.32M 9.3M
Long Term Debt 393.71k - - -
Other Liab 379.17k 237.79k 4k 4k
Minority Interest 3.57M 2.29M 1.06M 756.7k
Total Current Liabilities 24.57M 20M 10.81M 10.31M
Total Liab 29.43M 20.31M 10.88M 10.33M
Common Stock 33.73M 33.97M 34.46M 34.49M
Retained Earnings 11.4M 15.56M 7.62M 10.87M
Treasury Stock -12.66M -14.12M -13.75M -13.79M
Other Stockholder Equity -12.45M -14.12M -13.75M -13.79M
Total Stockholder Equity 32.47M 35.41M 28.32M 31.57M
Net Tangible Assets 31.05M 34.62M 27.89M 31.39M

Cash Flow Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income -4.16M 7.95M -3.68M -10.2M
Depreciation 1.86M 1.66M 1.74M 655.66k
Change To Netincome 6.59M -3.08M 2.61M 6.72M
Change To Account Receivables -1.41M -145.38k -69.07k -569.22k
Change To Liabilities 2.78M 7.87M 2.09M -170.2k
Total Cash From Operating Activities -700.41k 10.19M 5.69M -6.3M
Capital Expenditures -2.44M -587.43k -198.63k -377.64k
Investments -34.19k -8.13k 315.05k -1.04M
Total Cashflows From Investing Activities -3.73M -555.13k 2.79M 4.22M
Net Borrowings -231.15k -1.22M -1.39M 48.56k
Other Cashflows From Financing Activities 4.55M 604.69k -1.26M 225.19k
Total Cash From Financing Activities 3.96M -1.1M -2.69M 342.29k
Effect Of Exchange Rate 492 -164.12k 271.04k 175.46k
Change In Cash -471.64k 8.38M 6.06M -1.56M
Repurchase Of Stock -450.73k -483.39k -35.81k -136.8k
Issuance Of Stock 90k 90k 90k 205.34k
Dividends Paid - - - -