8VI Holdings Limited (ASX:8VI) Annual Report 2022



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

Amounts in SGD

Total Revenue
31.35M
Gross Profit
23.31M
EBIT
3.19M
Net Tangible Assets
13.13M
Net Income
1.99M
Capital Expenditures
-1.82M

8VI Income Statement 2022 Annual Report

As per the latest Income Statement of 8VI, the Net revenue increased by S$5.39M (21%) compared to the previous period. The operating income in 2022 decreased by S$-3.32M (-51%). The net income as per the annual report was 1.99M which decreased by S$-3.88M (-66%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 31.35M 25.96M
Gross Profit 23.31M 20.07M
Operating Income 3.19M 6.51M
Income Before Tax 3.2M 7.53M
Net Income 1.99M 5.86M

Balance Sheet - 8VI 2022 Annual Report

Read further: 8VI Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 8VI Holdings Limited showed the company reduced the cash on balance sheet by S$-1.96M (-11%). The Net tangible assets of 8VI on the balance sheet were at 13.13M which is S$2.51M (24%) more than previous annual report. The total stockholder equity also increased by S$3.15M (28%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 16.67M 18.63M
Total Assets 39.01M 26.96M
Long Term Debt 393.71k -
Total Liabilities 21.66M 14.67M
Total Shareholder Equity 14.56M 11.41M
Net Tangible Assets 13.13M 10.61M

Cash Flow Statement - 8VI 2022 Annual Report

The 2022 annual cash flow statement of 8VI Holdings Limited showed that the net income decreased by S$-3.88M (-66%) compared to previous reporting period. Also the capital expenditure of 8VI decreased by S$-1.35M (-288%).

As of 2022, the total cash from investing activities was -9.91M and total cash from financing activities was -704.61k.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 1.99M 5.86M
Capital Expenditures -1.82M -469.28k
Dividends Paid - -
Total Cash From From Investing Activities -9.91M -4.23M
Total Cash From From Financing Activities -704.61k -1.25M

8VI Holdings Limited Annual Report History

Income Statement

Income Statement history of 8VI Holdings Limited (ASX:8VI)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 31.35M 25.96M 10.86M 22.29M
Cost Of Revenue 8.04M 5.89M 2.96M 10M
Gross Profit 23.31M 20.07M 7.9M 12.29M
Research Development - - - -
Selling General Administrative 20.12M 13.55M 7.05M 15.13M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 28.16M 19.45M 10.01M 25.13M
Operating Income 3.19M 6.51M 850.14k -2.84M
Total Other Income Expense Net 13.25k 1.02M 18.61k -1.49M
Ebit 3.19M 6.51M 850.14k -2.84M
Interest Expense -114.45k -33.69k -81.57k -2.4k
Income Before Tax 3.2M 7.53M 868.75k -4.33M
Income Tax Expense -380.04k 1.04M 89.33k 386.52k
Minority Interest 2.79M 876.85k 243.25k 303.14k
Net Income From Continuing Ops 3.58M 6.5M 779.42k -4.72M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.99M 5.86M 1.07M -4.87M
Net Income Applicable To Common Shares 1.99M 5.86M 1.07M -4.87M

Balance Sheet Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 16.67M 18.63M 7.43M 4.7M
Short Term Investments 1.08M 1.18M 736.88k 525.96k
Net Receivables 2.61M 483.98k 794.92k 637.49k
Total Current Assets 30.25M 24.41M 9.69M 6.4M
Long Term Investments 41.17k 7.42k 7.44k 156.04k
Property Plant Equipment 5.14M 1.44M 1.57M 521.57k
Good Will 9.3k 9.3k 9.3k -
Intangible Assets 1.43M 790.4k 430.44k -
Other Assets 2.14M 296.36k 264.33k 178.87k
Deferred Long Term Asset Charges 893.7k 296.36k 264.33k 178.87k
Total Assets 39.01M 26.96M 11.98M 7.26M
Accounts Payable 1.19M 474.97k 199.25k 247.42k
Short Long Term Debt 337.46k - - -
Other Current Liab 13.48M 10.33M 4.25M 2.2M
Long Term Debt 393.71k - - -
Other Liab 379.17k 237.79k 4k 4k
Minority Interest 2.79M 876.85k 243.25k 303.14k
Total Current Liabilities 16.8M 14.36M 6.76M 3.16M
Total Liab 21.66M 14.67M 6.83M 3.18M
Common Stock 13.74M 13.28M 12.9M 12.9M
Retained Earnings 4.41M 2.42M -3.44M -4.51M
Treasury Stock -3.59M -4.29M -4.55M -4.61M
Other Stockholder Equity -3.59M -4.29M -4.55M -4.61M
Total Stockholder Equity 14.56M 11.41M 4.9M 3.77M
Net Tangible Assets 13.13M 10.61M 4.46M 3.77M

Cash Flow Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 1.99M 5.86M 1.07M -4.87M
Depreciation 1.78M 1.63M 1.69M 567.36k
Change To Netincome 2.85M 1.77M -70.98k 3.28M
Change To Account Receivables -1.93M 12.34k -451.54k -279.45k
Change To Liabilities 3.37M 7.55M 1.54M 14.11k
Change To Operating Activities -84.71k -382.07k 45.94k 337.83k
Total Cash From Operating Activities 8.59M 16.75M 3.93M -1.4M
Capital Expenditures -1.82M -469.28k -168.81k -259.58k
Investments -7.21M -3.09M -206.17k 881.28k
Total Cashflows From Investing Activities -9.91M -4.23M 274.31k -2.45M
Net Borrowings -680.15k -1.22M -1.39M -20.89k
Other Cashflows From Financing Activities -114.45k -33.69k -81.57k -81.57k
Total Cash From Financing Activities -704.61k -1.25M -1.47M -20.89k
Effect Of Exchange Rate 64.98k -77.5k 1.69k 1.91k
Change In Cash -1.96M 11.2M 2.73M -3.87M
Issuance Of Stock 90k 90k 90k 90k
Dividends Paid - - - -