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)

2021 2020
Total Revenue 1.63B 1.46B
Gross Profit 1.63B 1.46B
Operating Income 1.49B 1.31B
Income Before Tax 6.27B 6.2B
Net Income 6.14B 6.13B

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)

2021 2020
Cash 4.24B 3.39B
Total Assets 94.3B 93.55B
Long Term Debt 3.43B -
Total Liabilities 7.54B 8.79B
Total Shareholder Equity 86.77B 84.77B
Net Tangible Assets 86.77B 84.77B

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)

2021 2020
Net Income 6.14B 6.13B
Capital Expenditures - -2M
Dividends Paid -6.02B -5.98B
Total Cash From From Investing Activities 5.93B 5.13B
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 1.63B 1.46B 1.35B 1.55B
Cost Of Revenue - - - 1M
Gross Profit 1.63B 1.46B 1.35B 1.55B
Research Development - - - -
Selling General Administrative 140M 150M 168M 310M
Non Recurring - - - -
Other Operating Expenses - - - -70M
Total Operating Expenses 143M 154M 170M 242M
Operating Income 1.49B 1.31B 1.18B 1.31B
Total Other Income Expense Net 4.79B 4.89B 6B 6.38B
Ebit 1.49B 1.31B 1.18B 1.31B
Interest Expense -125M -86M -96M -194M
Income Before Tax 6.27B 6.2B 7.17B 7.69B
Income Tax Expense 132M 68M 43M 54M
Minority Interest - - - -
Net Income From Continuing Ops 6.14B 6.13B 7.13B 7.64B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 6.14B 6.13B 7.13B 7.64B
Net Income Applicable To Common Shares 6.14B 6.13B 7.13B 7.64B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 4.24B 3.39B 3.24B 5.23B
Short Term Investments 371M 2.04B 1.64B 87M
Net Receivables 128M 406M 137M 73M
Other Current Assets 223M 226M - 86M
Total Current Assets 4.96B 6.06B 5.01B 5.47B
Long Term Investments 88.23B 86.65B 87.24B 84.52B
Property Plant Equipment 20M 17M 19M 14M
Other Assets 1.09B 821M 1.29B 1.43B
Deferred Long Term Asset Charges 45M 111M 77M 46M
Total Assets 94.3B 93.55B 93.57B 91.44B
Accounts Payable 3.38B 3.4B 4.17B 4.06B
Other Current Liab 168M 367M 156M 9M
Long Term Debt 3.43B - 3.32B 3.52B
Other Liab 547M 1.38B 434M 291M
Total Current Liabilities 3.55B 7.41B 4.32B 4.07B
Total Liab 7.54B 8.79B 8.08B 7.88B
Common Stock 6.61B 6.61B 6.61B 6.61B
Retained Earnings 87.14B 85.77B 87.11B 85.36B
Treasury Stock -6.99B -7.61B -8.23B -8.41B
Other Stockholder Equity -6.99B -7.61B -8.23B -8.41B
Total Stockholder Equity 86.77B 84.77B 85.49B 83.56B
Net Tangible Assets 86.77B 84.77B 85.49B 83.56B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 6.14B 6.13B 7.13B 7.64B
Depreciation 3M 4M 2M 1M
Change To Netincome -4.97B -5.13B -5.59B -6.54B
Change To Account Receivables -53M 13M -231M -79M
Change To Liabilities -220M -46M 102M 1.51B
Change To Operating Activities 44M -13M 14M 32M
Total Cash From Operating Activities 939M 962M 1.42B 2.56B
Investments 1.23B 1.5B -1.91B -4.06B
Other Cashflows From Investing Activities 4.71B 3.64B 4.48B 4.64B
Total Cashflows From Investing Activities 5.93B 5.13B 2.56B 584M
Dividends Paid -6.02B -5.98B -5.98B -5.98B
Net Borrowings 3M -3M -2M -3.7B
Total Cash From Financing Activities -6.02B -5.98B -5.98B -22.48B
Effect Of Exchange Rate -1M 32M 2M 18M
Change In Cash 853M 149M -1.99B -19.33B
Capital Expenditures - -2M -2M -1M