Accordant Group Limited (NZX:AGL) Annual Report 2022

The latest annual report of Accordant Group Limited (AGL) was published on 31 Mar 2022. 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 - AGL Annual Results

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

AGL Income Statement 2022 Annual Report

As per the latest Income Statement of AGL, the Net revenue increased by $16.03M (8%) compared to the previous period. The operating income in 2022 increased by $19.64M (128%). The net income as per the annual report was 3M which decreased by $-3.32M (-53%) compared to previous year.

Income Statement Report (2022/2021)

Total Revenue221.51M205.48M
Gross Profit17.74M-1.21M
Operating Income4.36M-15.28M
Income Before Tax4.71M11.1M
Net Income3M6.32M

Balance Sheet - AGL 2022 Annual Report

Read further: AGL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Accordant Group Limited showed the company increased the cash on balance sheet by $3.18M (177%). The Net tangible assets of AGL on the balance sheet were at -13.86M which is $-1.48M (-12%) less than previous annual report. The total stockholder equity also decreased by $-2.84M (-7%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

Total Assets91.42M 89.2M
Long Term Debt18M15M
Total Liabilities54.72M 49.66M
Total Shareholder Equity36.7M39.54M
Net Tangible Assets-13.86M-12.38M

Cash Flow Statement - AGL 2022 Annual Report

The 2022 annual cash flow statement of Accordant Group Limited showed that the net income decreased by $-3.32M (-53%) compared to previous reporting period. Also the capital expenditure of AGL increased by $805000 (57%).

As of 2022, the total cash from investing activities was -1.98M and total cash from financing activities was -5.33M.

Cash Flow Statement Report (2022/2021)

Net Income3M6.32M
Capital Expenditures-619k-1.42M
Dividends Paid-5.17M-5.17M
Total Cash From From Investing Activities-1.98M-2.79M
Total Cash From From Financing Activities-5.33M-23.48M

Accordant Group Limited Annual Report History

Income Statement

Income Statement history of Accordant Group Limited (NZX:AGL)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue221.51M205.48M263.53M267.81M
Cost Of Revenue203.77M206.69M241.67M248.37M
Gross Profit17.74M-1.21M21.86M19.43M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses8.44M9.02M9.69M11.78M
Total Operating Expenses217.15M220.77M257.56M263.6M
Operating Income4.36M-15.28M5.97M4.21M
Total Other Income Expense Net350k26.38M-2.08M-1.35M
Interest Expense-1.09M-1.23M-2.08M-1.38M
Income Before Tax4.71M11.1M3.9M2.85M
Income Tax Expense1.71M4.78M1.22M841k
Minority Interest----
Net Income From Continuing Ops3M6.32M2.68M2.01M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3M6.32M2.68M2.01M
Net Income Applicable To Common Shares3M6.32M2.68M2.01M

Balance Sheet Statement

Balance Sheet Statement history of Accordant Group Limited (NZX:AGL)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Receivables25.96M23.47M53.53M32.92M
Total Current Assets30.94M25.26M59.71M39.28M
Property Plant Equipment9.93M12.02M14.3M3.04M
Good Will38.07M38.07M45.07M39.27M
Intangible Assets12.49M13.85M16.19M13.93M
Total Assets91.42M89.2M135.27M95.52M
Accounts Payable8.44M7.05M8.26M7.03M
Other Current Liab16.55M14M37.12M13.97M
Long Term Debt18M15M36M33M
Other Liab1.65M2.23M4.96M2.46M
Total Current Liabilities29.55M25.44M51.47M25.24M
Total Liab54.72M49.66M101.53M60.7M
Common Stock30.87M30.87M30.87M29.16M
Retained Earnings6.35M8.46M2.54M5.11M
Treasury Stock-522k204k330k544k
Other Stockholder Equity282k204k330k544k
Total Stockholder Equity36.7M39.54M33.73M34.82M
Net Tangible Assets-13.86M-12.38M-27.53M-18.38M

Cash Flow Statement

Cash Flow Statement history of Accordant Group Limited (NZX:AGL)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income3M6.32M2.68M2.01M
Change To Netincome320k5.53M-43k694k
Change To Account Receivables-2.45M29.85M-18M7.87M
Change To Liabilities4.25M-25.95M18.63M-4.3M
Total Cash From Operating Activities10.48M21.89M9.89M9.48M
Capital Expenditures-619k-1.42M-899k-1.61M
Other Cashflows From Investing Activities-1.39M-1.5M-616k-616k
Total Cashflows From Investing Activities-1.98M-2.79M-6.75M-2.55M
Dividends Paid-5.17M-5.17M-5.58M-5.41M
Net Borrowings649k-23.48M561k-3M
Total Cash From Financing Activities-5.33M-23.48M-3.32M-6.84M
Change In Cash3.18M-4.38M-179k88k
Repurchase Of Stock-804k-804k-804k-804k