Asset Plus Limited (NZX:APL) Annual Report 2022



The latest annual report of Asset Plus Limited (APL) 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 - APL Annual Results

Amounts in NZD

Total Revenue
11.93M
Gross Profit
6.74M
EBIT
6.02M
Net Tangible Assets
159.55M
Net Income
2.93M
Capital Expenditures
-

APL Income Statement 2022 Annual Report

As per the latest Income Statement of APL, the Net revenue decreased by $-1.97M (-14%) compared to the previous period. The operating income in 2022 decreased by $-2.20M (-27%). The net income as per the annual report was 2.93M which decreased by $-13.02M (-82%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 11.93M 13.9M
Gross Profit 6.74M 9.16M
Operating Income 6.02M 8.22M
Income Before Tax 3.46M 15.93M
Net Income 2.93M 15.95M

Balance Sheet - APL 2022 Annual Report

Read further: APL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Asset Plus Limited showed the company increased the cash on balance sheet by $1.28M (41%). The Net tangible assets of APL on the balance sheet were at 159.55M which is $-2.81M (-2%) less than previous annual report. The total stockholder equity also decreased by $-2.81M (-2%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 4.39M 3.11M
Total Assets 224.69M 178.97M
Long Term Debt 55.7M 9.4M
Total Liabilities 65.14M 16.61M
Total Shareholder Equity 159.55M 162.36M
Net Tangible Assets 159.55M 162.36M

Cash Flow Statement - APL 2022 Annual Report

The 2022 annual cash flow statement of Asset Plus Limited showed that the net income decreased by $-13.02M (-82%) compared to previous reporting period. Also the capital expenditure of APL increased by $NaN (NaN%).

As of 2022, the total cash from investing activities was -41.56M and total cash from financing activities was 40.56M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 2.93M 15.95M
Capital Expenditures - -
Dividends Paid -5.74M -4.02M
Total Cash From From Investing Activities -41.56M -15.88M
Total Cash From From Financing Activities 40.56M 13.93M

Asset Plus Limited Annual Report History

Income Statement

Income Statement history of Asset Plus Limited (NZX:APL)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 11.93M 13.9M 14.95M 13.35M
Cost Of Revenue 5.19M 4.74M 4.82M 4.2M
Gross Profit 6.74M 9.16M 10.13M 9.15M
Research Development - - - -
Selling General Administrative 724k 948k 820k 1.77M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 5.91M 5.68M 5.64M 5.96M
Operating Income 6.02M 8.22M 9.31M 7.38M
Total Other Income Expense Net -2.55M 7.71M -22.51M -3.87M
Ebit 6.02M 8.22M 9.31M 7.38M
Interest Expense -592k -744k -1.67M -967k
Income Before Tax 3.46M 15.93M -13.19M 3.52M
Income Tax Expense 533k -22k 1.5M -284k
Minority Interest - - - -
Net Income From Continuing Ops 2.93M 15.95M -14.69M 3.8M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 2.93M 15.95M -14.69M 3.8M
Net Income Applicable To Common Shares 2.93M 15.95M -14.69M 3.8M

Balance Sheet Statement

Balance Sheet Statement history of Asset Plus Limited (NZX:APL)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 4.39M 3.11M 98k 781k
Net Receivables 3.48M 2.29M 1.19M 2.24M
Other Current Assets 46.66M 42.9M 230k 28.9M
Total Current Assets 54.53M 48.3M 1.52M 31.92M
Property Plant Equipment 170.02M 130.23M 143.56M 94.14M
Other Assets 146k 439k - -
Total Assets 224.69M 178.97M 145.08M 126.07M
Accounts Payable 134k 196k 158k 127k
Other Current Liab 2.88M 3.04M 1.5M 388k
Long Term Debt 55.7M 9.4M 49.25M 10.5M
Other Liab 414k 204k 1.35M 1.87M
Total Current Liabilities 9.03M 7.01M 2.69M 1.38M
Total Liab 65.14M 16.61M 53.28M 13.75M
Common Stock 192.73M 192.73M 134.09M 134.09M
Retained Earnings -33.17M -30.36M -42.29M -21.77M
Total Stockholder Equity 159.55M 162.36M 91.8M 112.31M
Net Tangible Assets 159.55M 162.36M 91.8M 112.31M

Cash Flow Statement

Cash Flow Statement history of Asset Plus Limited (NZX:APL)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 2.93M 15.95M -14.69M 3.8M
Change To Netincome 795k -10.01M 18.55M 2.23M
Change To Account Receivables -701k -965k 806k -128k
Change To Liabilities -231k -161k -734k -1.25M
Change To Operating Activities 263k -117k -117k -117k
Total Cash From Operating Activities 2.28M 4.96M 5.93M 3.78M
Investments -1.2M -1.51M -1.51M -1.51M
Other Cashflows From Investing Activities -5k 1.42M 1.42M -4k
Total Cashflows From Investing Activities -41.56M -15.88M -39.27M 37.16M
Dividends Paid -5.74M -4.02M -5.84M -5.83M
Net Borrowings 46.3M -39.85M 38.75M -34M
Total Cash From Financing Activities 40.56M 13.93M 32.65M -40.63M
Change In Cash 1.28M 3.01M -683k 309k
Capital Expenditures - - - -