Cannasouth Limited (NZX:CBD) Annual Report 2021



The latest annual report of Cannasouth Limited (CBD) was published on 31 Dec 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 - CBD Annual Results

Amounts in NZD

Total Revenue
1.3M
Gross Profit
466.31k
EBIT
-3.61M
Net Tangible Assets
13.28M
Net Income
-2.87M
Capital Expenditures
-299.21k

CBD Income Statement 2021 Annual Report

As per the latest Income Statement of CBD, the Net revenue increased by $1.17M (893%) compared to the previous period. The operating income in 2021 decreased by $-251751 (-8%). The net income as per the annual report was -2.87M which increased by $606545 (17%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 1.3M 131.14k
Gross Profit 466.31k 131.14k
Operating Income -3.61M -3.36M
Income Before Tax -2.87M -3.48M
Net Income -2.87M -3.48M

Balance Sheet - CBD 2021 Annual Report

Read further: CBD Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Cannasouth Limited showed the company reduced the cash on balance sheet by $-3.64M (-40%). The Net tangible assets of CBD on the balance sheet were at 13.28M which is $-779865 (-6%) less than previous annual report. The total stockholder equity also increased by $2.99M (21%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 5.52M 9.15M
Total Assets 23.5M 14.56M
Long Term Debt 2.3M -
Total Liabilities 6.44M 488.57k
Total Shareholder Equity 17.06M 14.07M
Net Tangible Assets 13.28M 14.06M

Cash Flow Statement - CBD 2021 Annual Report

The 2021 annual cash flow statement of Cannasouth Limited showed that the net income increased by $606545 (17%) compared to previous reporting period. Also the capital expenditure of CBD decreased by $-212784 (-246%).

As of 2021, the total cash from investing activities was -4.77M and total cash from financing activities was 4.28M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income -2.87M -3.48M
Capital Expenditures -299.21k -86.42k
Dividends Paid - -
Total Cash From From Investing Activities -4.77M -2.29M
Total Cash From From Financing Activities 4.28M 5.89M

Cannasouth Limited Annual Report History

Income Statement

Income Statement history of Cannasouth Limited (NZX:CBD)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 1.3M 131.14k 53.39k -
Cost Of Revenue 835.49k - - -
Gross Profit 466.31k 131.14k 53.39k -
Research Development 870.33k 721.24k 302.06k 79.56k
Selling General Administrative 3.2M 2.77M 1.94M 656.75k
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 4.91M 3.49M 2.24M 736.32k
Operating Income -3.61M -3.36M -2.19M -736.32k
Total Other Income Expense Net 733.02k -125.28k 6.41k 201
Ebit -3.61M -3.36M -2.19M -736.32k
Interest Expense -79.67k -29.21k -28.24k -6
Income Before Tax -2.87M -3.48M -2.18M -736.12k
Income Tax Expense - - - -
Minority Interest - - - -
Net Income From Continuing Ops -2.87M -3.48M -2.18M -736.12k
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -2.87M -3.48M -2.18M -736.12k
Net Income Applicable To Common Shares -2.87M -3.48M -2.18M -736.12k

Balance Sheet Statement

Balance Sheet Statement history of Cannasouth Limited (NZX:CBD)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 5.52M 9.15M 8.48M 3.14M
Net Receivables 424.53k 256.81k 182.79k 7.12k
Inventory 169.79k - - -
Total Current Assets 6.24M 9.46M 8.74M 3.17M
Property Plant Equipment 13.38M 860.76k 1M 219.43k
Good Will 2.63M - - -
Intangible Assets 1.15M 11.89k 7.01k -
Other Assets 107.59k 2.26M - -
Deferred Long Term Asset Charges 107.59k - - -
Total Assets 23.5M 14.56M 11.98M 3.39M
Accounts Payable 451.34k 200.45k 138.5k 51.65k
Short Long Term Debt 573k - - -
Long Term Debt 2.3M - - -
Total Current Liabilities 1.72M 367.36k 234.52k 278.89k
Total Liab 6.44M 488.57k 386.86k 278.89k
Common Stock 27.62M 21.46M 14.15M 3.7M
Retained Earnings -8.92M -6.05M -2.59M -403.71k
Treasury Stock -1.63M -1.33M 32.66k -185k
Other Stockholder Equity -1.63M -1.33M 32.66k -185k
Total Stockholder Equity 17.06M 14.07M 11.6M 3.11M
Net Tangible Assets 13.28M 14.06M 11.59M 3.11M

Cash Flow Statement

Cash Flow Statement history of Cannasouth Limited (NZX:CBD)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income -2.87M -3.48M -2.18M -736.12k
Depreciation 410.18k 218.31k 189.62k 17.48k
Change To Netincome -736.15k 315.77k 69.69k 69.69k
Change To Account Receivables 202.3k -66.54k -115.68k 30.31k
Change To Liabilities -227.05k 61.95k 86.85k 25.08k
Change To Operating Activities 80.19k 18.72k 12.72k -39.63k
Total Cash From Operating Activities -3.14M -2.93M -1.93M -702.88k
Capital Expenditures -299.21k -86.42k -785.69k -426.23k
Other Cashflows From Investing Activities -4.56M -2.2M -2.2M -2.2M
Total Cashflows From Investing Activities -4.77M -2.29M -2.59M -426.23k
Net Borrowings -112.65k -26.07k -296.26k -20.08k
Other Cashflows From Financing Activities -336.37k -362.38k -841.68k -555k
Total Cash From Financing Activities 4.28M 5.89M 9.86M 10.52M
Change In Cash -3.64M 671.52k 5.34M 9.4M
Issuance Of Stock 4.73M 6.28M 11M 11.1M
Dividends Paid - - - -