The Hong Kong and China Gas Company Limited (HKEX:0003) Annual Report 2021



The latest annual report of The Hong Kong and China Gas Company Limited (0003) was published on 31 Dec 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 - 0003 Annual Results

Amounts in HKD

Total Revenue
53.56B
Gross Profit
20.97B
EBIT
8.82B
Net Tangible Assets
64.2B
Net Income
5.13B
Capital Expenditures
-7.27B

0003 Income Statement 2021 Annual Report

As per the latest Income Statement of 0003, the Net revenue increased by $12.6367B (31%) compared to the previous period. The operating income in 2021 increased by $419.80M (5%). The net income as per the annual report was 5.13B which decreased by $-989.70M (-16%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue53.56B40.93B
Gross Profit20.97B18.94B
Operating Income8.82B8.4B
Income Before Tax8.38B8.93B
Net Income5.13B6.12B

Balance Sheet - 0003 2021 Annual Report

Read further: 0003 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of The Hong Kong and China Gas Company Limited showed the company increased the cash on balance sheet by $3.102B (42%). The Net tangible assets of 0003 on the balance sheet were at 64.2B which is $523.80M (1%) more than previous annual report. The total stockholder equity also increased by $668.10M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash10.56B7.46B
Total Assets168.07B 150.28B
Long Term Debt37.07B31.78B
Total Liabilities86.23B 71.13B
Total Shareholder Equity69.81B69.14B
Net Tangible Assets64.2B63.68B

Cash Flow Statement - 0003 2021 Annual Report

The 2021 annual cash flow statement of The Hong Kong and China Gas Company Limited showed that the net income decreased by $-989.70M (-16%) compared to previous reporting period. Also the capital expenditure of 0003 decreased by $-55.90M (-1%).

As of 2021, the total cash from investing activities was -12.92B and total cash from financing activities was 5.39B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income5.13B6.12B
Capital Expenditures-7.27B-7.22B
Dividends Paid-6.33B-6.03B
Total Cash From From Investing Activities-12.92B-5.99B
Total Cash From From Financing Activities5.39B-4.52B

The Hong Kong and China Gas Company Limited Annual Report History

Income Statement

Income Statement history of The Hong Kong and China Gas Company Limited (HKEX:0003)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue53.56B40.93B40.63B39.07B
Cost Of Revenue32.59B21.99B21.8B20.6B
Gross Profit20.97B18.94B18.82B18.48B
Research Development----
Selling General Administrative3.62B3.28B3.49B3.3B
Non Recurring----
Other Operating Expenses5.24B4.32B4.56B4.26B
Total Operating Expenses44.74B32.53B32.6B30.69B
Operating Income8.82B8.4B8.02B8.38B
Total Other Income Expense Net-439M525.7M2.38B3.96B
Ebit8.82B8.4B8.02B8.38B
Interest Expense-1.41B-1.27B-1.23B-1.18B
Income Before Tax8.38B8.93B10.4B12.34B
Income Tax Expense2.15B1.71B2.29B1.91B
Minority Interest12.03B10.01B8.8B7.79B
Net Income From Continuing Ops6.23B7.21B8.11B10.43B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income5.13B6.12B7.06B9.42B
Net Income Applicable To Common Shares5.02B6.01B6.97B9.31B

Balance Sheet Statement

Balance Sheet Statement history of The Hong Kong and China Gas Company Limited (HKEX:0003)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash10.56B7.46B7.85B8.5B
Short Term Investments77.9M173.3M158.6M338.6M
Net Receivables8.63B7.46B7.83B7.37B
Inventory3.14B2.67B2.36B2.48B
Other Current Assets1.78B2.16B1.74B1.58B
Total Current Assets24.19B20.16B20.13B20.61B
Long Term Investments55.53B47.2B45.77B41.1B
Property Plant Equipment75.16B70.94B63.81B57.98B
Good Will5.1B5.08B4.91B5.28B
Intangible Assets503.6M381.6M377.5M401.6M
Other Assets7.58B6.52B5.47B7.32B
Total Assets168.07B150.28B140.47B132.69B
Accounts Payable4.12B3.59B3.01B3.08B
Short Long Term Debt18.93B11.1B9.34B8.26B
Other Current Liab15.19B14.53B12.77B11.41B
Long Term Debt37.07B31.78B28.73B28.17B
Other Liab10.4B9.36B9.95B8.18B
Minority Interest12.03B10.01B8.8B7.79B
Total Current Liabilities38.53B29.81B26.17B26.15B
Total Liab86.23B71.13B65.07B62.5B
Common Stock5.47B5.47B5.47B5.47B
Retained Earnings57.89B59B58.92B57.43B
Treasury Stock6.44B4.67B2.2B-504.3M
Other Stockholder Equity6.44B4.67B2.2B-504.3M
Total Stockholder Equity69.81B69.14B66.59B62.4B
Net Tangible Assets64.2B63.68B61.3B56.72B

Cash Flow Statement

Cash Flow Statement history of The Hong Kong and China Gas Company Limited (HKEX:0003)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income5.13B6.12B7.06B9.42B
Depreciation3.29B2.94B2.75B2.48B
Change To Netincome1.51B650.7M98.2M-2.61B
Change To Account Receivables-161.7M-783.5M-953.7M-621.9M
Change To Liabilities985.5M1.1B797.9M618.2M
Change To Inventory-385.9M-216.5M92.8M44.8M
Change To Operating Activities107.4M99.3M59.4M52.4M
Total Cash From Operating Activities10.47B9.91B9.91B9.44B
Capital Expenditures-7.27B-7.22B-6.75B-6.57B
Investments-6.32B-969.5M-353.3M746.1M
Other Cashflows From Investing Activities728M2.15B1.77B2.1B
Total Cashflows From Investing Activities-12.92B-5.99B-5.3B-3.78B
Dividends Paid-6.33B-6.03B-5.57B-5.06B
Net Borrowings12.75B3.57B2.31B-746M
Other Cashflows From Financing Activities-1.03B-2.06B-1.89B-1.98B
Total Cash From Financing Activities5.39B-4.52B-5.21B-7.79B
Effect Of Exchange Rate159.5M206M-49.6M-131.6M
Change In Cash3.1B-393.9M-651.9M-2.26B