9 Spokes International Limited (ASX:9SP) Annual Report 2021



The latest annual report of 9 Spokes International Limited (9SP) 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 - 9SP Annual Results

Amounts in NZD

Total Revenue
5.73M
Gross Profit
3.77M
EBIT
-4.96M
Net Tangible Assets
7.16M
Net Income
-5.09M
Capital Expenditures
-25k

9SP Income Statement 2021 Annual Report

As per the latest Income Statement of 9SP, the Net revenue decreased by $-154000 (-3%) compared to the previous period. The operating income in 2021 decreased by $-657000 (-15%). The net income as per the annual report was -5.09M which decreased by $-214000 (-4%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue5.73M5.88M
Gross Profit3.77M4.7M
Operating Income-4.96M-4.3M
Income Before Tax-5.09M-4.88M
Net Income-5.09M-4.88M

Balance Sheet - 9SP 2021 Annual Report

Read further: 9SP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 9 Spokes International Limited showed the company increased the cash on balance sheet by $4.17M (89%). The Net tangible assets of 9SP on the balance sheet were at 7.16M which is $5.02M (235%) more than previous annual report. The total stockholder equity also increased by $5.02M (235%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash8.84M4.67M
Total Assets11.79M 7.38M
Long Term Debt--
Total Liabilities4.63M 5.24M
Total Shareholder Equity7.16M2.14M
Net Tangible Assets7.16M2.14M

Cash Flow Statement - 9SP 2021 Annual Report

The 2021 annual cash flow statement of 9 Spokes International Limited showed that the net income decreased by $-214000 (-4%) compared to previous reporting period. Also the capital expenditure of 9SP increased by $0 (0%).

As of 2021, the total cash from investing activities was -21k and total cash from financing activities was 9.38M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-5.09M-4.88M
Capital Expenditures-25k-25k
Dividends Paid--
Total Cash From From Investing Activities-21k-21k
Total Cash From From Financing Activities9.38M6.37M

9 Spokes International Limited Annual Report History

Income Statement

Income Statement history of 9 Spokes International Limited (ASX:9SP)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue5.73M5.88M7.34M6.07M
Cost Of Revenue1.96M1.18M2.87M6.78M
Gross Profit3.77M4.7M4.47M-709k
Research Development3.12M4.26M4.59M4.14M
Selling General Administrative6.47M5.72M9.16M13.13M
Non Recurring----
Other Operating Expenses-870k-977k-935k-609k
Total Operating Expenses10.69M10.18M15.68M23.44M
Operating Income-4.96M-4.3M-8.34M-17.37M
Total Other Income Expense Net-137k-580k-690k306k
Ebit-4.96M-4.3M-8.34M-17.37M
Interest Expense-177k-1.18M-694k-5k
Income Before Tax-5.09M-4.88M-9.03M-17.07M
Income Tax Expense---125k
Minority Interest----
Net Income From Continuing Ops-5.09M-4.88M-9.03M-17.19M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-5.09M-4.88M-9.03M-17.19M
Net Income Applicable To Common Shares-5.09M-4.88M-9.03M-17.19M

Balance Sheet Statement

Balance Sheet Statement history of 9 Spokes International Limited (ASX:9SP)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash8.84M4.67M1.36M7.3M
Net Receivables1.22M581k879k2.05M
Other Current Assets432k425k--
Total Current Assets10.68M5.77M2.73M11.03M
Property Plant Equipment639k1.6M346k480k
Other Assets468k---
Total Assets11.79M7.38M3.07M11.51M
Accounts Payable254k136k469k838k
Other Current Liab2.09M1.96M3.01M4.99M
Other Liab614k1.55M281k-
Total Current Liabilities3.05M2.58M6.11M5.83M
Total Liab4.63M5.24M6.39M5.83M
Common Stock69.39M59.52M48.98M49.03M
Retained Earnings-63.05M-57.95M-53.07M-44.04M
Treasury Stock811k563k763k698k
Other Stockholder Equity811k563k763k698k
Total Stockholder Equity7.16M2.14M-3.32M5.69M
Net Tangible Assets7.16M2.14M-3.32M5.69M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of 9 Spokes International Limited (ASX:9SP)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income-5.09M-4.88M-9.03M-17.19M
Depreciation589k695k190k182k
Change To Netincome307k487k729k284k
Change To Account Receivables-288k684k1.39M-387k
Change To Liabilities-686k413k-2.66M529k
Total Cash From Operating Activities-5.17M-2.6M-9.38M-16.58M
Capital Expenditures-25k-25k-67k-183k
Total Cashflows From Investing Activities-21k-21k933k4.72M
Net Borrowings-484k-2.82M2.5M2.5M
Other Cashflows From Financing Activities-960k-1.28M-44k-992k
Total Cash From Financing Activities9.38M6.37M2.46M11.96M
Effect Of Exchange Rate-16k-34k56k-284k
Change In Cash4.17M3.73M-5.94M-187k
Issuance Of Stock10.83M10.47M10.47M12.96M
Dividends Paid----