Burger Fuel Group Limited (NZX:BFG) Annual Report 2022

The latest annual report of Burger Fuel Group Limited (BFG) 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 - BFG Annual Results

^{Amounts in NZD}

Total Revenue

19.25M

Gross Profit

2.03M

EBIT

640.35k

Net Tangible Assets

9.03M

Net Income

575.87k

Capital Expenditures

-383.58k

BFG Income Statement 2022 Annual Report

As per the latest Income Statement of BFG, the Net revenue increased by $635482 (3%) compared to the previous period. The operating income in 2022 decreased by $-164709 (-20%). The net income as per the annual report was 575.87k which decreased by $-137116 (-19%) compared to previous year.

Income Statement Report (2022/2021)

	2022	2021
Total Revenue	19.25M	18.62M
Gross Profit	2.03M	2.12M
Operating Income	640.35k	805.06k
Income Before Tax	748.15k	1.34M
Net Income	575.87k	712.99k

Balance Sheet - BFG 2022 Annual Report

Read further: BFG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Burger Fuel Group Limited showed the company reduced the cash on balance sheet by $-315757 (-4%). The Net tangible assets of BFG on the balance sheet were at 9.03M which is $726632 (9%) more than previous annual report. The total stockholder equity also increased by $588553 (6%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

	2022	2021
Cash	6.8M	7.11M
Total Assets	41.95M	46.12M
Long Term Debt	-	-
Total Liabilities	31.02M	35.77M
Total Shareholder Equity	10.94M	10.35M
Net Tangible Assets	9.03M	8.3M

Cash Flow Statement - BFG 2022 Annual Report

The 2022 annual cash flow statement of Burger Fuel Group Limited showed that the net income decreased by $-137116 (-19%) compared to previous reporting period. Also the capital expenditure of BFG increased by $307349 (44%).

As of 2022, the total cash from investing activities was -144.05k and total cash from financing activities was -505.5k.

Cash Flow Statement Report (2022/2021)

	2022	2021
Net Income	575.87k	712.99k
Capital Expenditures	-383.58k	-690.93k
Dividends Paid	-	-
Total Cash From From Investing Activities	-144.05k	-505.37k
Total Cash From From Financing Activities	-505.5k	-1.1M

Burger Fuel Group Limited Annual Report History

Income Statement

Income Statement history of Burger Fuel Group Limited (NZX:BFG)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Total Revenue	19.25M	18.62M	20.35M	20.9M
Cost Of Revenue	17.22M	16.49M	17.97M	18.41M
Gross Profit	2.03M	2.12M	2.37M	2.49M
Research Development	-	-	-	-
Selling General Administrative	-	-	-	-
Non Recurring	-	-	-	-
Other Operating Expenses	-	-	-	-
Total Operating Expenses	18.61M	17.81M	19.29M	19.16M
Operating Income	640.35k	805.06k	1.05M	1.74M
Total Other Income Expense Net	107.8k	530.71k	-329.75k	116.83k
Ebit	640.35k	805.06k	1.05M	1.74M
Interest Expense	-1.75M	-1.86M	-1.85M	-10.93k
Income Before Tax	748.15k	1.34M	723.37k	1.86M
Income Tax Expense	172.28k	622.78k	217.9k	619.44k
Minority Interest	-	-	-	-
Net Income From Continuing Ops	575.87k	712.99k	505.48k	1.24M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	575.87k	712.99k	505.48k	1.24M
Net Income Applicable To Common Shares	575.87k	712.99k	505.48k	1.24M

Balance Sheet Statement

Balance Sheet Statement history of Burger Fuel Group Limited (NZX:BFG)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Cash	6.8M	7.11M	5.57M	5.5M
Net Receivables	3.33M	3.64M	4.95M	3.09M
Inventory	762.38k	548.35k	565.22k	621.62k
Total Current Assets	11.04M	11.42M	11.2M	9.32M
Property Plant Equipment	10.19M	10.98M	10.06M	2.25M
Good Will	1.42M	1.42M	1.64M	1.64M
Intangible Assets	481.28k	619.36k	1.01M	1.2M
Other Assets	18.81M	21.67M	22.06M	715.96k
Deferred Long Term Asset Charges	576.74k	615.99k	689.1k	715.96k
Total Assets	41.95M	46.12M	45.98M	15.12M
Accounts Payable	938.63k	1.65M	639.1k	1.19M
Other Current Liab	350.1k	808.54k	901.51k	415.23k
Other Liab	871.82k	1.29M	1.67M	1.79M
Total Current Liabilities	4.1M	5.17M	4.26M	2.33M
Total Liab	31.02M	35.77M	34.8M	4.12M
Common Stock	11.91M	11.91M	13.59M	13.86M
Retained Earnings	-691.17k	-1.27M	-1.98M	-2.54M
Treasury Stock	-285.48k	-298.16k	-441.3k	-324.08k
Other Stockholder Equity	-285.48k	-298.16k	-441.3k	-324.08k
Total Stockholder Equity	10.94M	10.35M	11.17M	11M
Net Tangible Assets	9.03M	8.3M	8.52M	8.16M
Long Term Debt	-	-	-	-

Cash Flow Statement

Cash Flow Statement history of Burger Fuel Group Limited (NZX:BFG)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Net Income	575.87k	712.99k	505.48k	1.24M
Depreciation	1.39M	1.32M	1.32M	731.8k
Change To Netincome	6.48k	-644.9k	-63.96k	-1.91M
Change To Account Receivables	144.18k	1.11M	50.19k	41.28k
Change To Liabilities	-1.16M	-120.82k	-199.24k	1.91M
Change To Inventory	-214.03k	16.86k	56.4k	457.23k
Total Cash From Operating Activities	334.77k	3.1M	1.33M	2.19M
Capital Expenditures	-383.58k	-690.93k	-512.46k	-870.8k
Other Cashflows From Investing Activities	163.32k	70.82k	12.44k	-37.9k
Total Cashflows From Investing Activities	-144.05k	-505.37k	-621.48k	-1.03M
Net Borrowings	-505.5k	-397.74k	-398.98k	-398.98k
Total Cash From Financing Activities	-505.5k	-1.1M	-668.23k	-1.95M
Effect Of Exchange Rate	-979	42.93k	24.69k	-12.99k
Change In Cash	-315.76k	1.54M	66.69k	-797.4k
Dividends Paid	-	-	-	-