The Colonial Motor Company Limited (NZX:CMO) Annual Report 2022



The latest annual report of The Colonial Motor Company Limited (CMO) was published on 30 Jun 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 - CMO Annual Results

Amounts in NZD

Total Revenue
1B
Gross Profit
187.31M
EBIT
53.66M
Net Tangible Assets
302.31M
Net Income
33.18M
Capital Expenditures
-24.15M

CMO Income Statement 2022 Annual Report

As per the latest Income Statement of CMO, the Net revenue increased by $101.66M (11%) compared to the previous period. The operating income in 2022 increased by $10.05M (23%). The net income as per the annual report was 33.18M which increased by $8.35M (34%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue1B901.08M
Gross Profit187.31M166.17M
Operating Income53.66M43.61M
Income Before Tax49.02M37.41M
Net Income33.18M24.83M

Balance Sheet - CMO 2022 Annual Report

Read further: CMO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of The Colonial Motor Company Limited showed the company reduced the cash on balance sheet by $-2.89M (-20%). The Net tangible assets of CMO on the balance sheet were at 302.31M which is $40.90M (16%) more than previous annual report. The total stockholder equity also increased by $40.90M (16%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash11.84M14.74M
Total Assets458.21M 447.75M
Long Term Debt6.92M1.67M
Total Liabilities150.37M 181.91M
Total Shareholder Equity303.34M262.44M
Net Tangible Assets302.31M261.42M

Cash Flow Statement - CMO 2022 Annual Report

The 2022 annual cash flow statement of The Colonial Motor Company Limited showed that the net income increased by $8.35M (34%) compared to previous reporting period. Also the capital expenditure of CMO decreased by $-4.69M (-24%).

As of 2022, the total cash from investing activities was -22.52M and total cash from financing activities was -47.63M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income33.18M24.83M
Capital Expenditures-24.15M-19.46M
Dividends Paid-17.98M-15.37M
Total Cash From From Investing Activities-22.52M-18.21M
Total Cash From From Financing Activities-47.63M-8.1M

The Colonial Motor Company Limited Annual Report History

Income Statement

Income Statement history of The Colonial Motor Company Limited (NZX:CMO)

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Total Revenue1B901.08M754.92M909M
Cost Of Revenue815.42M734.9M609.32M757.26M
Gross Profit187.31M166.17M145.6M151.73M
Research Development----
Selling General Administrative100.67M92.49M85.76M87.16M
Non Recurring----
Other Operating Expenses24.9M23.29M22.34M19.35M
Total Operating Expenses949.08M857.47M723.71M869.73M
Operating Income53.66M43.61M31.21M39.27M
Total Other Income Expense Net-4.64M-6.2M-6.69M-5.97M
Ebit53.66M43.61M31.21M39.27M
Interest Expense-4.4M-3.02M-4.6M-5.68M
Income Before Tax49.02M37.41M24.52M33.3M
Income Tax Expense13.8M10.99M1.44M9.79M
Minority Interest4.5M3.39M3.49M3.12M
Net Income From Continuing Ops35.22M26.41M23.08M23.5M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income33.18M24.83M21.83M21.83M
Net Income Applicable To Common Shares33.18M24.83M21.83M21.83M

Balance Sheet Statement

Balance Sheet Statement history of The Colonial Motor Company Limited (NZX:CMO)

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Cash11.84M14.74M17M7.18M
Net Receivables39.86M46.05M41.73M55.34M
Inventory137.02M163.38M139.29M168.33M
Other Current Assets3.57M-2.35M1.74M
Total Current Assets192.58M224.39M200.52M232.74M
Long Term Investments1.36M2.55M2.38M2.44M
Property Plant Equipment258.06M212.44M174.25M163.32M
Good Will1.03M1.03M1.03M1.03M
Other Assets5.19M7.33M6.05M3.28M
Deferred Long Term Asset Charges4.27M5.67M3.67M525k
Total Assets458.21M447.75M384.23M402.81M
Accounts Payable28.83M34.98M22.18M25.47M
Short Long Term Debt9.69M1.14M1.4M1.77M
Other Current Liab14.55M16.84M14.86M14.97M
Long Term Debt6.92M1.67M2.38M2.76M
Minority Interest4.5M3.39M3.49M3.12M
Total Current Liabilities123.7M164.64M137.88M170.72M
Total Liab150.37M181.91M153.43M191.87M
Common Stock15.97M15.97M15.97M15.97M
Retained Earnings171.88M156.68M146.94M134.92M
Treasury Stock115.49M89.79M64.41M56.94M
Other Stockholder Equity115.49M89.79M64.41M56.94M
Total Stockholder Equity303.34M262.44M227.31M207.82M
Net Tangible Assets302.31M261.42M226.28M206.79M

Cash Flow Statement

Cash Flow Statement history of The Colonial Motor Company Limited (NZX:CMO)

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Net Income33.18M24.83M21.83M21.83M
Depreciation8.08M6.79M6.29M5.96M
Change To Netincome2M4.22M-3.12M1.87M
Change To Account Receivables5.95M-3.26M13.61M2.5M
Change To Liabilities-7.35M12.22M-4.27M-3.62M
Change To Inventory26.36M-24.09M29.04M12.69M
Total Cash From Operating Activities67.25M24.05M64.22M38.07M
Capital Expenditures-24.15M-19.46M-13.63M-16.32M
Investments1.26M1.26M1.26M1.26M
Total Cashflows From Investing Activities-22.52M-18.21M-13.24M-17.36M
Dividends Paid-17.98M-15.37M-9.81M-16.35M
Net Borrowings-27.07M3.93M-33.76M-8.5M
Other Cashflows From Financing Activities-2.58M3.34M2.4M1.07M
Total Cash From Financing Activities-47.63M-8.1M-41.16M-23.78M
Change In Cash-2.89M-2.26M9.81M-3.07M