Briscoe Group Limited (NZX:BGP) Annual Report 2022



The latest annual report of Briscoe Group Limited (BGP) was published on 30 Jan 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 - BGP Annual Results

Amounts in NZD

Total Revenue
744.45M
Gross Profit
340.64M
EBIT
132.92M
Net Tangible Assets
296.75M
Net Income
87.91M
Capital Expenditures
-18.16M

BGP Income Statement 2022 Annual Report

As per the latest Income Statement of BGP, the Net revenue increased by $42.65M (6%) compared to the previous period. The operating income in 2022 increased by $17.16M (15%). The net income as per the annual report was 87.91M which increased by $14.71M (20%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 744.45M 701.8M
Gross Profit 340.64M 307.12M
Operating Income 132.92M 115.76M
Income Before Tax 122.37M 101.42M
Net Income 87.91M 73.2M

Balance Sheet - BGP 2022 Annual Report

Read further: BGP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Briscoe Group Limited showed the company increased the cash on balance sheet by $2.06M (2%). The Net tangible assets of BGP on the balance sheet were at 296.75M which is $41.31M (16%) more than previous annual report. The total stockholder equity also increased by $40.27M (16%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 102.48M 100.42M
Total Assets 688.46M 648.99M
Long Term Debt - -
Total Liabilities 389.14M 389.94M
Total Shareholder Equity 299.31M 259.05M
Net Tangible Assets 296.75M 255.44M

Cash Flow Statement - BGP 2022 Annual Report

The 2022 annual cash flow statement of Briscoe Group Limited showed that the net income increased by $14.71M (20%) compared to previous reporting period. Also the capital expenditure of BGP increased by $7.38M (29%).

As of 2022, the total cash from investing activities was -19.88M and total cash from financing activities was -74.8M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 87.91M 73.2M
Capital Expenditures -18.16M -25.54M
Dividends Paid -55.64M -20.02M
Total Cash From From Investing Activities -19.88M -25.43M
Total Cash From From Financing Activities -74.8M -48.04M

Briscoe Group Limited Annual Report History

Income Statement

Income Statement history of Briscoe Group Limited (NZX:BGP)

30 Jan 2022 31 Jan 2021 26 Jan 2020 27 Jan 2019
Total Revenue 744.45M 701.8M 653.02M 631.92M
Cost Of Revenue 403.81M 394.68M 395.51M 378.56M
Gross Profit 340.64M 307.12M 257.5M 253.35M
Research Development - - - -
Selling General Administrative 207.75M 191.37M 169.94M 174.35M
Non Recurring - - - -
Other Operating Expenses -24k -15k -2.73M -589k
Total Operating Expenses 611.53M 586.03M 562.72M 552.33M
Operating Income 132.92M 115.76M 90.29M 79.59M
Total Other Income Expense Net -10.55M -14.34M -5.98M 7.02M
Ebit 132.92M 115.76M 90.29M 79.59M
Interest Expense -14.37M -14.78M -13.52M -10k
Income Before Tax 122.37M 101.42M 84.31M 86.61M
Income Tax Expense 34.46M 28.22M 21.73M 23.21M
Minority Interest - - - -
Net Income From Continuing Ops 87.91M 73.2M 62.58M 63.39M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 87.91M 73.2M 62.58M 63.39M
Net Income Applicable To Common Shares 87.91M 73.2M 62.58M 63.39M

Balance Sheet Statement

Balance Sheet Statement history of Briscoe Group Limited (NZX:BGP)

30 Jan 2022 31 Jan 2021 26 Jan 2020 27 Jan 2019
Cash 102.48M 100.42M 67.41M 80.78M
Net Receivables 2.56M 1.6M 1.33M 1.21M
Inventory 119.51M 91.47M 87.41M 81.02M
Other Current Assets 3.14M 32k 5.68M 793k
Total Current Assets 230.21M 195.46M 164.04M 165.41M
Long Term Investments 64.81M 61.93M 154.1M 101.99M
Property Plant Equipment 376.69M 373.25M 363.27M 92.02M
Intangible Assets 2.56M 3.61M 3.46M 2.52M
Other Assets 14.18M 14.75M 11.68M 3.42M
Deferred Long Term Asset Charges 14.18M 14.75M 11.68M 3.42M
Total Assets 688.46M 648.99M 696.55M 365.35M
Accounts Payable 80.78M 80.95M 81.26M 83.75M
Other Current Liab 18.27M 15.79M 5.91M 7.28M
Other Liab 875k 930k 852k 779k
Total Current Liabilities 118.08M 116.02M 104.91M 91.03M
Total Liab 389.14M 389.94M 384.43M 91.81M
Common Stock 61.99M 61.84M 60.75M 58.93M
Retained Earnings 257.41M 225.14M 184.79M 185.54M
Treasury Stock -20.09M -27.94M 66.57M 29.07M
Other Stockholder Equity -20.09M -27.94M 66.57M 29.07M
Total Stockholder Equity 299.31M 259.05M 312.12M 273.54M
Net Tangible Assets 296.75M 255.44M 308.65M 271.02M
Long Term Debt - - - -

Cash Flow Statement

Cash Flow Statement history of Briscoe Group Limited (NZX:BGP)

30 Jan 2022 31 Jan 2021 26 Jan 2020 27 Jan 2019
Net Income 87.91M 73.2M 62.58M 63.39M
Depreciation 31.57M 30.1M 26.5M 5.98M
Change To Netincome 4.24M 2.21M 236k 245k
Change To Account Receivables -1.48M 39k -806k -213k
Change To Liabilities -6.88M -9.97M 2.92M -350k
Change To Inventory -32.9M -5.62M -6.91M -6.09M
Change To Operating Activities 6.84M 7.35M -3.91M 2.1M
Total Cash From Operating Activities 96.5M 106.57M 79.51M 65.72M
Capital Expenditures -18.16M -25.54M -17.41M -19.63M
Total Cashflows From Investing Activities -19.88M -25.43M -32.77M -22.25M
Dividends Paid -55.64M -20.02M -45.49M -43.09M
Net Borrowings -19.16M -15.59M -16.26M -16.26M
Total Cash From Financing Activities -74.8M -48.04M -60.14M -40.91M
Effect Of Exchange Rate 241k -91k 36k 30k
Change In Cash 2.06M 33M -13.36M 2.58M