CK Asset Holdings Limited (HKEX:1113) Annual Report 2021



The latest annual report of CK Asset Holdings Limited (1113) 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 - 1113 Annual Results

Amounts in HKD

Total Revenue
62.09B
Gross Profit
34.85B
EBIT
23.95B
Net Tangible Assets
374.55B
Net Income
21.48B
Capital Expenditures
-3.19B

1113 Income Statement 2021 Annual Report

As per the latest Income Statement of 1113, the Net revenue increased by $4.471B (8%) compared to the previous period. The operating income in 2021 increased by $1.723B (8%). The net income as per the annual report was 21.48B which increased by $4.649B (28%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue62.09B57.62B
Gross Profit34.85B32.16B
Operating Income23.95B22.23B
Income Before Tax30.06B24.59B
Net Income21.48B16.83B

Balance Sheet - 1113 2021 Annual Report

Read further: 1113 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of CK Asset Holdings Limited showed the company increased the cash on balance sheet by $4.353B (7%). The Net tangible assets of 1113 on the balance sheet were at 374.55B which is $20.364B (6%) more than previous annual report. The total stockholder equity also increased by $18.318B (5%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash62.57B58.21B
Total Assets556.71B 520.7B
Long Term Debt67.66B55.01B
Total Liabilities170.44B 153.49B
Total Shareholder Equity379.16B360.84B
Net Tangible Assets374.55B354.18B

Cash Flow Statement - 1113 2021 Annual Report

The 2021 annual cash flow statement of CK Asset Holdings Limited showed that the net income increased by $4.649B (28%) compared to previous reporting period. Also the capital expenditure of 1113 decreased by $-1.864B (-141%).

As of 2021, the total cash from investing activities was -3.77B and total cash from financing activities was -17.81B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income21.48B16.83B
Capital Expenditures-3.19B-1.32B
Dividends Paid-7.11B-7.63B
Total Cash From From Investing Activities-3.77B-7.26B
Total Cash From From Financing Activities-17.81B-19.38B

CK Asset Holdings Limited Annual Report History

Income Statement

Income Statement history of CK Asset Holdings Limited (HKEX:1113)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue62.09B57.62B82.38B50.37B
Cost Of Revenue27.24B25.46B44.31B22.75B
Gross Profit34.85B32.16B38.07B27.61B
Research Development----
Selling General Administrative8.06B6.97B4.45B3.87B
Non Recurring----
Other Operating Expenses661M717M896M559M
Total Operating Expenses38.14B35.4B51.85B28.96B
Operating Income23.95B22.23B30.53B21.41B
Total Other Income Expense Net6.11B2.37B6.98B27.77B
Ebit23.95B22.23B30.53B21.41B
Interest Expense-1.19B-1.38B-1.29B-1.08B
Income Before Tax30.06B24.59B37.51B49.17B
Income Tax Expense8.53B7.39B7.46B7.54B
Minority Interest7.12B6.38B5.31B5.84B
Net Income From Continuing Ops21.53B17.2B30.05B41.63B
Discontinued Operations417M590M590M590M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income21.48B16.83B29.68B40.66B
Net Income Applicable To Common Shares21.24B16.33B29.13B40.12B

Balance Sheet Statement

Balance Sheet Statement history of CK Asset Holdings Limited (HKEX:1113)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash62.57B58.21B59.44B55.42B
Net Receivables4.99B3.8B2.96B17.72B
Inventory127.48B121.74B121.93B143.37B
Other Current Assets34.02B4.67B2.17B1.75B
Total Current Assets234.12B192.74B190.51B220.93B
Long Term Investments100.13B86.48B83.4B84.06B
Property Plant Equipment208.77B223.78B217.35B161.14B
Good Will4.61B6.66B6.49B-
Other Assets9.08B11.05B10.29B9.83B
Deferred Long Term Asset Charges2.85B3.1B2.69B3.13B
Total Assets556.71B520.7B508.06B475.94B
Accounts Payable5.2B4.57B5.49B5.05B
Short Long Term Debt28.81B22.89B6.84B1.83B
Other Current Liab29.18B28.99B21.29B37B
Long Term Debt67.66B55.01B73.24B67.71B
Other Liab18.17B20.68B17.19B12.76B
Minority Interest7.12B6.38B5.31B5.84B
Total Current Liabilities78.52B70.82B49.76B54.45B
Total Liab170.44B153.49B146.82B134.92B
Common Stock3.64B3.69B3.69B3.69B
Retained Earnings195.64B179.94B170.91B149.22B
Treasury Stock-59.1B-64.74B-60.63B-59.67B
Capital Surplus238.97B241.94B241.94B241.94B
Other Stockholder Equity-59.1B-64.74B-60.63B-59.67B
Total Stockholder Equity379.16B360.84B355.92B335.19B
Net Tangible Assets374.55B354.18B349.43B335.19B

Cash Flow Statement

Cash Flow Statement history of CK Asset Holdings Limited (HKEX:1113)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income21.48B16.83B29.68B40.66B
Depreciation3.52B3.44B2.19B1.77B
Change To Netincome-420M1.69B867M-15.46B
Change To Account Receivables3.98B-3.55B-1.26B548M
Change To Liabilities-173M3.9B-16.95B-1.13B
Change To Inventory-5.33B3.67B21.04B-9.8B
Change To Operating Activities2.31B-1.69B6.35B-2.62B
Total Cash From Operating Activities25.36B24.3B41.91B13.97B
Capital Expenditures-3.19B-1.32B-4.22B-5.03B
Investments-693M-22M508M-12.46B
Other Cashflows From Investing Activities932M1.47B3.03B2.49B
Total Cashflows From Investing Activities-3.77B-7.26B-14.84B-805M
Dividends Paid-7.11B-7.63B-7.74B-7.01B
Net Borrowings9.72B-3.66B-12.08B-1.76B
Other Cashflows From Financing Activities-2.59B-2.59B-2.92B-2.75B
Total Cash From Financing Activities-17.81B-19.38B-22.75B-11.76B
Effect Of Exchange Rate573M1.12B-302M-357M
Change In Cash4.35B-1.23B4.02B1.05B
Repurchase Of Stock-19.54B-11.67B-11.67B-232M
Issuance Of Stock1.72B6.17B6.17B6.17B