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)

20222021
Total Revenue744.45M701.8M
Gross Profit340.64M307.12M
Operating Income132.92M115.76M
Income Before Tax122.37M101.42M
Net Income87.91M73.2M

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)

20222021
Cash102.48M100.42M
Total Assets688.46M 648.99M
Long Term Debt--
Total Liabilities389.14M 389.94M
Total Shareholder Equity299.31M259.05M
Net Tangible Assets296.75M255.44M

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)

20222021
Net Income87.91M73.2M
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 202231 Jan 202126 Jan 202027 Jan 2019
Total Revenue744.45M701.8M653.02M631.92M
Cost Of Revenue403.81M394.68M395.51M378.56M
Gross Profit340.64M307.12M257.5M253.35M
Research Development----
Selling General Administrative207.75M191.37M169.94M174.35M
Non Recurring----
Other Operating Expenses-24k-15k-2.73M-589k
Total Operating Expenses611.53M586.03M562.72M552.33M
Operating Income132.92M115.76M90.29M79.59M
Total Other Income Expense Net-10.55M-14.34M-5.98M7.02M
Ebit132.92M115.76M90.29M79.59M
Interest Expense-14.37M-14.78M-13.52M-10k
Income Before Tax122.37M101.42M84.31M86.61M
Income Tax Expense34.46M28.22M21.73M23.21M
Minority Interest----
Net Income From Continuing Ops87.91M73.2M62.58M63.39M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income87.91M73.2M62.58M63.39M
Net Income Applicable To Common Shares87.91M73.2M62.58M63.39M

Balance Sheet Statement

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

30 Jan 202231 Jan 202126 Jan 202027 Jan 2019
Cash102.48M100.42M67.41M80.78M
Net Receivables2.56M1.6M1.33M1.21M
Inventory119.51M91.47M87.41M81.02M
Other Current Assets3.14M32k5.68M793k
Total Current Assets230.21M195.46M164.04M165.41M
Long Term Investments64.81M61.93M154.1M101.99M
Property Plant Equipment376.69M373.25M363.27M92.02M
Intangible Assets2.56M3.61M3.46M2.52M
Other Assets14.18M14.75M11.68M3.42M
Deferred Long Term Asset Charges14.18M14.75M11.68M3.42M
Total Assets688.46M648.99M696.55M365.35M
Accounts Payable80.78M80.95M81.26M83.75M
Other Current Liab18.27M15.79M5.91M7.28M
Other Liab875k930k852k779k
Total Current Liabilities118.08M116.02M104.91M91.03M
Total Liab389.14M389.94M384.43M91.81M
Common Stock61.99M61.84M60.75M58.93M
Retained Earnings257.41M225.14M184.79M185.54M
Treasury Stock-20.09M-27.94M66.57M29.07M
Other Stockholder Equity-20.09M-27.94M66.57M29.07M
Total Stockholder Equity299.31M259.05M312.12M273.54M
Net Tangible Assets296.75M255.44M308.65M271.02M
Long Term Debt----

Cash Flow Statement

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

30 Jan 202231 Jan 202126 Jan 202027 Jan 2019
Net Income87.91M73.2M62.58M63.39M
Depreciation31.57M30.1M26.5M5.98M
Change To Netincome4.24M2.21M236k245k
Change To Account Receivables-1.48M39k-806k-213k
Change To Liabilities-6.88M-9.97M2.92M-350k
Change To Inventory-32.9M-5.62M-6.91M-6.09M
Change To Operating Activities6.84M7.35M-3.91M2.1M
Total Cash From Operating Activities96.5M106.57M79.51M65.72M
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 Rate241k-91k36k30k
Change In Cash2.06M33M-13.36M2.58M