Power Assets Holdings Limited (HKEX:0006) Annual Report 2021



The latest annual report of Power Assets Holdings Limited (0006) 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 - 0006 Annual Results

Amounts in HKD

Total Revenue
1.63B
Gross Profit
1.63B
EBIT
1.49B
Net Tangible Assets
86.77B
Net Income
6.14B
Capital Expenditures
-

0006 Income Statement 2021 Annual Report

As per the latest Income Statement of 0006, the Net revenue increased by $166.00M (11%) compared to the previous period. The operating income in 2021 increased by $177.00M (14%). The net income as per the annual report was 6.14B which increased by $8.00M (0%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue1.63B1.46B
Gross Profit1.63B1.46B
Operating Income1.49B1.31B
Income Before Tax6.27B6.2B
Net Income6.14B6.13B

Balance Sheet - 0006 2021 Annual Report

Read further: 0006 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Power Assets Holdings Limited showed the company increased the cash on balance sheet by $853.00M (25%). The Net tangible assets of 0006 on the balance sheet were at 86.77B which is $2.001B (2%) more than previous annual report. The total stockholder equity also increased by $2.001B (2%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash4.24B3.39B
Total Assets94.3B 93.55B
Long Term Debt3.43B-
Total Liabilities7.54B 8.79B
Total Shareholder Equity86.77B84.77B
Net Tangible Assets86.77B84.77B

Cash Flow Statement - 0006 2021 Annual Report

The 2021 annual cash flow statement of Power Assets Holdings Limited showed that the net income increased by $8.00M (0%) compared to previous reporting period. Also the capital expenditure of 0006 increased by $NaN (NaN%).

As of 2021, the total cash from investing activities was 5.93B and total cash from financing activities was -6.02B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income6.14B6.13B
Capital Expenditures--2M
Dividends Paid-6.02B-5.98B
Total Cash From From Investing Activities5.93B5.13B
Total Cash From From Financing Activities-6.02B-5.98B

Power Assets Holdings Limited Annual Report History

Income Statement

Income Statement history of Power Assets Holdings Limited (HKEX:0006)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue1.63B1.46B1.35B1.55B
Cost Of Revenue---1M
Gross Profit1.63B1.46B1.35B1.55B
Research Development----
Selling General Administrative140M150M168M310M
Non Recurring----
Other Operating Expenses----70M
Total Operating Expenses143M154M170M242M
Operating Income1.49B1.31B1.18B1.31B
Total Other Income Expense Net4.79B4.89B6B6.38B
Ebit1.49B1.31B1.18B1.31B
Interest Expense-125M-86M-96M-194M
Income Before Tax6.27B6.2B7.17B7.69B
Income Tax Expense132M68M43M54M
Minority Interest----
Net Income From Continuing Ops6.14B6.13B7.13B7.64B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income6.14B6.13B7.13B7.64B
Net Income Applicable To Common Shares6.14B6.13B7.13B7.64B

Balance Sheet Statement

Balance Sheet Statement history of Power Assets Holdings Limited (HKEX:0006)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash4.24B3.39B3.24B5.23B
Short Term Investments371M2.04B1.64B87M
Net Receivables128M406M137M73M
Other Current Assets223M226M-86M
Total Current Assets4.96B6.06B5.01B5.47B
Long Term Investments88.23B86.65B87.24B84.52B
Property Plant Equipment20M17M19M14M
Other Assets1.09B821M1.29B1.43B
Deferred Long Term Asset Charges45M111M77M46M
Total Assets94.3B93.55B93.57B91.44B
Accounts Payable3.38B3.4B4.17B4.06B
Other Current Liab168M367M156M9M
Long Term Debt3.43B-3.32B3.52B
Other Liab547M1.38B434M291M
Total Current Liabilities3.55B7.41B4.32B4.07B
Total Liab7.54B8.79B8.08B7.88B
Common Stock6.61B6.61B6.61B6.61B
Retained Earnings87.14B85.77B87.11B85.36B
Treasury Stock-6.99B-7.61B-8.23B-8.41B
Other Stockholder Equity-6.99B-7.61B-8.23B-8.41B
Total Stockholder Equity86.77B84.77B85.49B83.56B
Net Tangible Assets86.77B84.77B85.49B83.56B

Cash Flow Statement

Cash Flow Statement history of Power Assets Holdings Limited (HKEX:0006)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income6.14B6.13B7.13B7.64B
Depreciation3M4M2M1M
Change To Netincome-4.97B-5.13B-5.59B-6.54B
Change To Account Receivables-53M13M-231M-79M
Change To Liabilities-220M-46M102M1.51B
Change To Operating Activities44M-13M14M32M
Total Cash From Operating Activities939M962M1.42B2.56B
Investments1.23B1.5B-1.91B-4.06B
Other Cashflows From Investing Activities4.71B3.64B4.48B4.64B
Total Cashflows From Investing Activities5.93B5.13B2.56B584M
Dividends Paid-6.02B-5.98B-5.98B-5.98B
Net Borrowings3M-3M-2M-3.7B
Total Cash From Financing Activities-6.02B-5.98B-5.98B-22.48B
Effect Of Exchange Rate-1M32M2M18M
Change In Cash853M149M-1.99B-19.33B
Capital Expenditures--2M-2M-1M