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)

20212020
Total Revenue1.3M131.14k
Gross Profit466.31k131.14k
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)

20212020
Cash5.52M9.15M
Total Assets23.5M 14.56M
Long Term Debt2.3M-
Total Liabilities6.44M 488.57k
Total Shareholder Equity17.06M14.07M
Net Tangible Assets13.28M14.06M

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)

20212020
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 Activities4.28M5.89M

Cannasouth Limited Annual Report History

Income Statement

Income Statement history of Cannasouth Limited (NZX:CBD)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue1.3M131.14k53.39k-
Cost Of Revenue835.49k---
Gross Profit466.31k131.14k53.39k-
Research Development870.33k721.24k302.06k79.56k
Selling General Administrative3.2M2.77M1.94M656.75k
Non Recurring----
Other Operating Expenses----
Total Operating Expenses4.91M3.49M2.24M736.32k
Operating Income-3.61M-3.36M-2.19M-736.32k
Total Other Income Expense Net733.02k-125.28k6.41k201
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 202131 Dec 202031 Dec 201931 Dec 2018
Cash5.52M9.15M8.48M3.14M
Net Receivables424.53k256.81k182.79k7.12k
Inventory169.79k---
Total Current Assets6.24M9.46M8.74M3.17M
Property Plant Equipment13.38M860.76k1M219.43k
Good Will2.63M---
Intangible Assets1.15M11.89k7.01k-
Other Assets107.59k2.26M--
Deferred Long Term Asset Charges107.59k---
Total Assets23.5M14.56M11.98M3.39M
Accounts Payable451.34k200.45k138.5k51.65k
Short Long Term Debt573k---
Long Term Debt2.3M---
Total Current Liabilities1.72M367.36k234.52k278.89k
Total Liab6.44M488.57k386.86k278.89k
Common Stock27.62M21.46M14.15M3.7M
Retained Earnings-8.92M-6.05M-2.59M-403.71k
Treasury Stock-1.63M-1.33M32.66k-185k
Other Stockholder Equity-1.63M-1.33M32.66k-185k
Total Stockholder Equity17.06M14.07M11.6M3.11M
Net Tangible Assets13.28M14.06M11.59M3.11M

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income-2.87M-3.48M-2.18M-736.12k
Depreciation410.18k218.31k189.62k17.48k
Change To Netincome-736.15k315.77k69.69k69.69k
Change To Account Receivables202.3k-66.54k-115.68k30.31k
Change To Liabilities-227.05k61.95k86.85k25.08k
Change To Operating Activities80.19k18.72k12.72k-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 Activities4.28M5.89M9.86M10.52M
Change In Cash-3.64M671.52k5.34M9.4M
Issuance Of Stock4.73M6.28M11M11.1M
Dividends Paid----