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	5.17k	-	-	-
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	-	-	-
Other Current Assets	635.65k	-	-	25k
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	-	-	-	-