Wharf Real Estate Investment Company Limited (HKEX:1997) Annual Report 2021



The latest annual report of Wharf Real Estate Investment Company Limited (1997) 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 - 1997 Annual Results

Amounts in HKD

Total Revenue
16.04B
Gross Profit
10.71B
EBIT
9.06B
Net Tangible Assets
206.11B
Net Income
4.39B
Capital Expenditures
-

1997 Income Statement 2021 Annual Report

As per the latest Income Statement of 1997, the Net revenue increased by $528.00M (3%) compared to the previous period. The operating income in 2021 decreased by $-909.00M (-9%). The net income as per the annual report was 4.39B which increased by $12.245B (156%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue16.04B15.52B
Gross Profit10.71B11.14B
Operating Income9.06B9.97B
Income Before Tax6.04B-6.93B
Net Income4.39B-7.85B

Balance Sheet - 1997 2021 Annual Report

Read further: 1997 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Wharf Real Estate Investment Company Limited showed the company reduced the cash on balance sheet by $-460.00M (-20%). The Net tangible assets of 1997 on the balance sheet were at 206.11B which is $1.555B (1%) more than previous annual report. The total stockholder equity also increased by $1.555B (1%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.8B2.26B
Total Assets272.27B 277.91B
Long Term Debt45.48B48.54B
Total Liabilities61.39B 68.5B
Total Shareholder Equity206.11B204.55B
Net Tangible Assets206.11B204.55B

Cash Flow Statement - 1997 2021 Annual Report

The 2021 annual cash flow statement of Wharf Real Estate Investment Company Limited showed that the net income increased by $12.245B (156%) compared to previous reporting period. Also the capital expenditure of 1997 increased by $NaN (NaN%).

As of 2021, the total cash from investing activities was 199M and total cash from financing activities was -8.66B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income4.39B-7.85B
Capital Expenditures--
Dividends Paid-4.13B-5.19B
Total Cash From From Investing Activities199M-8.13B
Total Cash From From Financing Activities-8.66B2.59B

Wharf Real Estate Investment Company Limited Annual Report History

Income Statement

Income Statement history of Wharf Real Estate Investment Company Limited (HKEX:1997)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue16.04B15.52B16.04B16.48B
Cost Of Revenue5.34B4.38B2.43B2.88B
Gross Profit10.71B11.14B13.61B13.6B
Research Development----
Selling General Administrative1.32B878M618M587M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses6.98B5.54B3.33B3.76B
Operating Income9.06B9.97B12.71B12.72B
Total Other Income Expense Net-3.03B-16.91B-6.76B7.53B
Ebit9.06B9.97B12.71B12.72B
Interest Expense-662M-1.32B-946M-718M
Income Before Tax6.04B-6.93B5.95B20.25B
Income Tax Expense1.6B1.21B1.96B1.99B
Minority Interest4.77B4.86B5.25B5.54B
Net Income From Continuing Ops4.44B-8.14B3.99B18.26B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income4.39B-7.85B3.93B18.03B
Net Income Applicable To Common Shares4.39B-7.85B3.93B18.03B

Balance Sheet Statement

Balance Sheet Statement history of Wharf Real Estate Investment Company Limited (HKEX:1997)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash1.8B2.26B2.91B2.67B
Net Receivables1.16B1.68B885M873M
Inventory2.33B5.23B5.14B3.74B
Other Current Assets103M123M22M70M
Total Current Assets5.39B9.28B8.95B7.36B
Long Term Investments14.85B15.09B7.16B5.35B
Property Plant Equipment251.14B253.17B267.8B267.26B
Other Assets884M369M431M387M
Deferred Long Term Asset Charges249M303M374M336M
Total Assets272.27B277.91B284.34B280.36B
Accounts Payable108M317M151M161M
Short Long Term Debt4.5B6.26B12.3B3.17B
Other Current Liab8.37B10.52B14.48B11.01B
Long Term Debt45.48B48.54B33.26B39.07B
Other Liab2.93B2.87B2.74B2.61B
Minority Interest4.77B4.86B5.25B5.54B
Total Current Liabilities12.98B17.1B26.93B14.35B
Total Liab61.39B68.5B62.93B56.02B
Common Stock304M304M304M304M
Retained Earnings202.13B201.73B214.75B217.28B
Treasury Stock2.98B1.82B413M518M
Capital Surplus696M696M696M696M
Other Stockholder Equity2.98B1.82B413M518M
Total Stockholder Equity206.11B204.55B216.16B218.8B
Net Tangible Assets206.11B204.55B216.16B218.8B

Cash Flow Statement

Cash Flow Statement history of Wharf Real Estate Investment Company Limited (HKEX:1997)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income4.39B-7.85B3.93B18.03B
Depreciation330M294M290M292M
Change To Netincome2.44B13.23B6.73B-8.58B
Change To Account Receivables664M-710M60M-108M
Change To Liabilities-2.66B-1.52B2.81B514M
Change To Inventory3B1.47B-1.84B-663M
Change To Operating Activities-193M-79M40M17M
Total Cash From Operating Activities7.97B4.82B12.02B9.5B
Investments591M-7.77B-1.56B375M
Total Cashflows From Investing Activities199M-8.13B-8.06B-213M
Dividends Paid-4.13B-5.19B-6.53B-6.07B
Net Borrowings-4.32B7.82B3.15B-3.37B
Other Cashflows From Financing Activities-210M-44M-301M-127M
Total Cash From Financing Activities-8.66B2.59B-3.68B-9.57B
Effect Of Exchange Rate30M73M-49M-118M
Change In Cash-460M-647M232M-401M
Capital Expenditures----