The a2 Milk Company Limited (NZX:ATM) Annual Report 2021



The latest annual report of The a2 Milk Company Limited (ATM) was published on 30 Jun 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 - ATM Annual Results

Amounts in NZD

Total Revenue
1.21B
Gross Profit
509.71M
EBIT
126.42M
Net Tangible Assets
1.07B
Net Income
80.66M
Capital Expenditures
-5.67M

ATM Income Statement 2021 Annual Report

As per the latest Income Statement of ATM, the Net revenue decreased by $-525.66M (-30%) compared to the previous period. The operating income in 2021 decreased by $-421.30M (-77%). The net income as per the annual report was 80.66M which decreased by $-305.18M (-79%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue1.21B1.73B
Gross Profit509.71M968.57M
Operating Income126.42M547.72M
Income Before Tax119.27M553.4M
Net Income80.66M385.84M

Balance Sheet - ATM 2021 Annual Report

Read further: ATM Balance Sheet Detailed Analysis

The latest balance sheet from annual result of The a2 Milk Company Limited showed the company increased the cash on balance sheet by $118.44M (29%). The Net tangible assets of ATM on the balance sheet were at 1.07B which is $-52.56M (-5%) less than previous annual report. The total stockholder equity also decreased by $-50.10M (-4%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash531.47M413.03M
Total Assets1.37B 1.45B
Long Term Debt--
Total Liabilities288.05M 319.25M
Total Shareholder Equity1.08B1.13B
Net Tangible Assets1.07B1.12B

Cash Flow Statement - ATM 2021 Annual Report

The 2021 annual cash flow statement of The a2 Milk Company Limited showed that the net income decreased by $-305.18M (-79%) compared to previous reporting period. Also the capital expenditure of ATM increased by $127000 (2%).

As of 2021, the total cash from investing activities was -64.37M and total cash from financing activities was -1.04M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income80.66M385.84M
Capital Expenditures-5.67M-5.8M
Dividends Paid--
Total Cash From From Investing Activities-64.37M-29.08M
Total Cash From From Financing Activities-1.04M-11.99M

The a2 Milk Company Limited Annual Report History

Income Statement

Income Statement history of The a2 Milk Company Limited (NZX:ATM)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue1.21B1.73B1.3B922.68M
Cost Of Revenue695.32M762.12M587.29M458M
Gross Profit509.71M968.57M713.46M464.67M
Research Development----
Selling General Administrative301.48M334.19M234.19M150.79M
Non Recurring----
Other Operating Expenses81.81M86.66M61.06M34.51M
Total Operating Expenses1.08B1.18B882.54M643.31M
Operating Income126.42M547.72M418.2M279.37M
Total Other Income Expense Net-7.16M5.68M4.13M3.87M
Ebit126.42M547.72M418.2M279.37M
Interest Expense-699k-389k-389k-389k
Income Before Tax119.27M553.4M422.33M283.23M
Income Tax Expense38.61M165.24M127.8M87.55M
Minority Interest----
Net Income From Continuing Ops80.66M388.17M294.53M195.68M
Discontinued Operations--2.33M-6.79M-6.79M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income80.66M385.84M287.74M195.68M
Net Income Applicable To Common Shares80.66M385.84M287.74M195.68M

Balance Sheet Statement

Balance Sheet Statement history of The a2 Milk Company Limited (NZX:ATM)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash531.47M413.03M193.47M154.75M
Short Term Investments343.68M441.15M271.33M185.71M
Net Receivables81.72M70.7M66.25M59.13M
Inventory112.2M147.33M108.45M64.1M
Total Current Assets1.1B1.13B689.2M499.7M
Long Term Investments157.8M252.58M286.81M186.86M
Property Plant Equipment32.46M30.35M10.3M9.7M
Good Will8.17M8.12M7.96M10.21M
Intangible Assets6.96M4.56M4.36M4.08M
Other Assets69.72M29.16M8.35M5.66M
Deferred Long Term Asset Charges53.1M28.2M7.68M4.86M
Total Assets1.37B1.45B1.01B716.22M
Accounts Payable40.99M129.95M84.15M66.08M
Other Current Liab4.75M20.1M45.14M51.45M
Other Liab511k392k227k120k
Total Current Liabilities274.69M305.43M218.89M160.39M
Total Liab288.05M319.25M219.12M160.51M
Common Stock149.12M146.93M144.5M141.57M
Retained Earnings1.04B964.28M578.44M290.7M
Treasury Stock-110.1M22.85M64.92M123.44M
Other Stockholder Equity-106.33M32.88M64.92M123.44M
Total Stockholder Equity1.08B1.13B787.85M555.71M
Net Tangible Assets1.07B1.12B775.53M541.42M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of The a2 Milk Company Limited (NZX:ATM)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income80.66M385.84M287.74M195.68M
Depreciation7.38M4.28M2.02M1.51M
Change To Netincome-20.15M3.62M5.69M-2.83M
Change To Account Receivables5.42M-4.45M-7.12M7.38M
Change To Liabilities-14.85M110.91M65.45M44.86M
Change To Inventory35.13M-38.88M-44.35M-35.66M
Change To Operating Activities28.52M-6.64M-13.68M-58k
Total Cash From Operating Activities89.42M427.41M289.07M231.11M
Capital Expenditures-5.67M-5.8M-2.65M-2.53M
Investments-39.84M-21.86M-162.34M-16.07M
Total Cashflows From Investing Activities-64.37M-29.08M-165.7M-20.92M
Net Borrowings-3.23M-1.77M-1.77M-1.77M
Other Cashflows From Financing Activities-19k-71k-41k-52k
Total Cash From Financing Activities-1.04M-11.99M2.93M7.26M
Effect Of Exchange Rate-3.03M3.03M-1.95M1.98M
Change In Cash20.97M389.37M124.35M219.44M
Issuance Of Stock2.21M2.51M2.97M7.32M
Dividends Paid----