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)

2021 2020
Total Revenue 53.56B 40.93B
Gross Profit 20.97B 18.94B
Operating Income 8.82B 8.4B
Income Before Tax 8.38B 8.93B
Net Income 5.13B 6.12B

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)

2021 2020
Cash 10.56B 7.46B
Total Assets 168.07B 150.28B
Long Term Debt 37.07B 31.78B
Total Liabilities 86.23B 71.13B
Total Shareholder Equity 69.81B 69.14B
Net Tangible Assets 64.2B 63.68B

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)

2021 2020
Net Income 5.13B 6.12B
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 Activities 5.39B -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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 53.56B 40.93B 40.63B 39.07B
Cost Of Revenue 32.59B 21.99B 21.8B 20.6B
Gross Profit 20.97B 18.94B 18.82B 18.48B
Research Development - - - -
Selling General Administrative 3.62B 3.28B 3.49B 3.3B
Non Recurring - - - -
Other Operating Expenses 5.24B 4.32B 4.56B 4.26B
Total Operating Expenses 44.74B 32.53B 32.6B 30.69B
Operating Income 8.82B 8.4B 8.02B 8.38B
Total Other Income Expense Net -439M 525.7M 2.38B 3.96B
Ebit 8.82B 8.4B 8.02B 8.38B
Interest Expense -1.41B -1.27B -1.23B -1.18B
Income Before Tax 8.38B 8.93B 10.4B 12.34B
Income Tax Expense 2.15B 1.71B 2.29B 1.91B
Minority Interest 12.03B 10.01B 8.8B 7.79B
Net Income From Continuing Ops 6.23B 7.21B 8.11B 10.43B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 5.13B 6.12B 7.06B 9.42B
Net Income Applicable To Common Shares 5.02B 6.01B 6.97B 9.31B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 10.56B 7.46B 7.85B 8.5B
Short Term Investments 77.9M 173.3M 158.6M 338.6M
Net Receivables 8.63B 7.46B 7.83B 7.37B
Inventory 3.14B 2.67B 2.36B 2.48B
Other Current Assets 1.78B 2.16B 1.74B 1.58B
Total Current Assets 24.19B 20.16B 20.13B 20.61B
Long Term Investments 55.53B 47.2B 45.77B 41.1B
Property Plant Equipment 75.16B 70.94B 63.81B 57.98B
Good Will 5.1B 5.08B 4.91B 5.28B
Intangible Assets 503.6M 381.6M 377.5M 401.6M
Other Assets 7.58B 6.52B 5.47B 7.32B
Total Assets 168.07B 150.28B 140.47B 132.69B
Accounts Payable 4.12B 3.59B 3.01B 3.08B
Short Long Term Debt 18.93B 11.1B 9.34B 8.26B
Other Current Liab 15.19B 14.53B 12.77B 11.41B
Long Term Debt 37.07B 31.78B 28.73B 28.17B
Other Liab 10.4B 9.36B 9.95B 8.18B
Minority Interest 12.03B 10.01B 8.8B 7.79B
Total Current Liabilities 38.53B 29.81B 26.17B 26.15B
Total Liab 86.23B 71.13B 65.07B 62.5B
Common Stock 5.47B 5.47B 5.47B 5.47B
Retained Earnings 57.89B 59B 58.92B 57.43B
Treasury Stock 6.44B 4.67B 2.2B -504.3M
Other Stockholder Equity 6.44B 4.67B 2.2B -504.3M
Total Stockholder Equity 69.81B 69.14B 66.59B 62.4B
Net Tangible Assets 64.2B 63.68B 61.3B 56.72B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 5.13B 6.12B 7.06B 9.42B
Depreciation 3.29B 2.94B 2.75B 2.48B
Change To Netincome 1.51B 650.7M 98.2M -2.61B
Change To Account Receivables -161.7M -783.5M -953.7M -621.9M
Change To Liabilities 985.5M 1.1B 797.9M 618.2M
Change To Inventory -385.9M -216.5M 92.8M 44.8M
Change To Operating Activities 107.4M 99.3M 59.4M 52.4M
Total Cash From Operating Activities 10.47B 9.91B 9.91B 9.44B
Capital Expenditures -7.27B -7.22B -6.75B -6.57B
Investments -6.32B -969.5M -353.3M 746.1M
Other Cashflows From Investing Activities 728M 2.15B 1.77B 2.1B
Total Cashflows From Investing Activities -12.92B -5.99B -5.3B -3.78B
Dividends Paid -6.33B -6.03B -5.57B -5.06B
Net Borrowings 12.75B 3.57B 2.31B -746M
Other Cashflows From Financing Activities -1.03B -2.06B -1.89B -1.98B
Total Cash From Financing Activities 5.39B -4.52B -5.21B -7.79B
Effect Of Exchange Rate 159.5M 206M -49.6M -131.6M
Change In Cash 3.1B -393.9M -651.9M -2.26B