Chorus Limited (NZX:CNU) Annual Report 2022

The latest annual report of Chorus Limited (CNU) 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 - CNU Annual Results

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

CNU Income Statement 2022 Annual Report

As per the latest Income Statement of CNU, the Net revenue increased by $10.00M (1%) compared to the previous period. The operating income in 2022 increased by $27.00M (12%). The net income as per the annual report was 64M which increased by $13.00M (25%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 965M 955M
Gross Profit 695M 670M
Operating Income 257M 230M
Income Before Tax 106M 78M
Net Income 64M 51M

Balance Sheet - CNU 2022 Annual Report

Read further: CNU Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Chorus Limited showed the company increased the cash on balance sheet by $35.00M (66%). The Net tangible assets of CNU on the balance sheet were at 818M which is $52.00M (7%) more than previous annual report. The total stockholder equity also increased by $40.00M (4%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 88M 53M
Total Assets 5.85B 5.86B
Long Term Debt 2.85B 2.88B
Total Liabilities 4.82B 4.87B
Total Shareholder Equity 1.03B 989M
Net Tangible Assets 818M 766M

Cash Flow Statement - CNU 2022 Annual Report

The 2022 annual cash flow statement of Chorus Limited showed that the net income increased by $13.00M (25%) compared to previous reporting period. Also the capital expenditure of CNU increased by $129.00M (20%).

As of 2022, the total cash from investing activities was -517M and total cash from financing activities was -18M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 64M 51M
Capital Expenditures -520M -649M
Dividends Paid -97M -86M
Total Cash From From Investing Activities -517M -649M
Total Cash From From Financing Activities -18M 163M

Chorus Limited Annual Report History

Income Statement

Income Statement history of Chorus Limited (NZX:CNU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 965M 955M 959M 970M
Cost Of Revenue 270M 285M 302M 334M
Gross Profit 695M 670M 657M 636M
Research Development - - - -
Selling General Administrative 11M 13M 13M 13M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 708M 725M 704M 727M
Operating Income 257M 230M 255M 243M
Total Other Income Expense Net -151M -152M -182M -165M
Ebit 257M 230M 255M 243M
Interest Expense -149M -157M -182M -169M
Income Before Tax 106M 78M 73M 78M
Income Tax Expense 42M 27M 21M 25M
Minority Interest - - - -
Net Income From Continuing Ops 64M 51M 52M 53M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 64M 51M 52M 53M
Net Income Applicable To Common Shares 64M 51M 52M 53M

Balance Sheet Statement

Balance Sheet Statement history of Chorus Limited (NZX:CNU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 88M 53M - 273M
Net Receivables 152M 145M 163M 157M
Other Current Assets 9M 4M 2M 3M
Total Current Assets 249M 202M 165M 433M
Property Plant Equipment 5.26B 5.27B 5.05B 4.82B
Intangible Assets 211M 223M 215M 198M
Other Assets 121M 166M 210M 164M
Total Assets 5.85B 5.86B 5.64B 5.62B
Accounts Payable 264M 278M 279M 94M
Short Long Term Debt 190M 140M 430M 688M
Other Current Liab 27M 39M 26M 86M
Long Term Debt 2.85B 2.88B 2.5B 2.19B
Other Liab 1.29B 1.27B 1.21B 1.12B
Total Current Liabilities 494M 467M 749M 1.08B
Total Liab 4.82B 4.87B 4.71B 4.64B
Common Stock 682M 689M 666M 638M
Retained Earnings 287M 351M 372M 424M
Treasury Stock 60M -51M -111M -83M
Other Stockholder Equity 60M -51M -111M -83M
Total Stockholder Equity 1.03B 989M 927M 979M
Net Tangible Assets 818M 766M 712M 781M

Cash Flow Statement

Cash Flow Statement history of Chorus Limited (NZX:CNU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 64M 51M 52M 53M
Depreciation 362M 360M 346M 328M
Change To Netincome 57M 20M 4M 20M
Change To Account Receivables -2M 17M 6M -4M
Change To Liabilities 10M -6M -12M 5M
Total Cash From Operating Activities 570M 544M 474M 496M
Capital Expenditures -520M -649M -682M -810M
Total Cashflows From Investing Activities -517M -649M -682M -810M
Dividends Paid -97M -86M -76M -49M
Net Borrowings 36M 102M -156M 419M
Other Cashflows From Financing Activities 81M 147M 162M 167M
Total Cash From Financing Activities -18M 163M -70M 537M
Change In Cash 35M 58M -278M 223M
Repurchase Of Stock -38M -38M -38M -38M