Comvita Limited (NZX:CVT) Annual Report 2022

The latest annual report of Comvita Limited (CVT) 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 - CVT Annual Results

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

CVT Income Statement 2022 Annual Report

As per the latest Income Statement of CVT, the Net revenue increased by $17.18M (9%) compared to the previous period. The operating income in 2022 increased by $7.52M (60%). The net income as per the annual report was 12.78M which increased by $3.31M (35%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 208.91M 191.73M
Gross Profit 126M 103.42M
Operating Income 20.06M 12.53M
Income Before Tax 17.12M 13.4M
Net Income 12.78M 9.48M

Balance Sheet - CVT 2022 Annual Report

Read further: CVT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Comvita Limited showed the company increased the cash on balance sheet by $1.49M (9%). The Net tangible assets of CVT on the balance sheet were at 187.59M which is $3.75M (2%) more than previous annual report. The total stockholder equity also increased by $6.11M (3%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 17.76M 16.27M
Total Assets 332.78M 286.61M
Long Term Debt 43.3M 20.85M
Total Liabilities 104.79M 64.73M
Total Shareholder Equity 227.99M 221.88M
Net Tangible Assets 187.59M 183.83M

Cash Flow Statement - CVT 2022 Annual Report

The 2022 annual cash flow statement of Comvita Limited showed that the net income increased by $3.31M (35%) compared to previous reporting period. Also the capital expenditure of CVT increased by $5.15M (49%).

As of 2022, the total cash from investing activities was -13.22M and total cash from financing activities was 10.88M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 12.78M 9.48M
Capital Expenditures -5.45M -10.6M
Dividends Paid -4.7M -4.7M
Total Cash From From Investing Activities -13.22M -9.28M
Total Cash From From Financing Activities 10.88M -16.17M

Comvita Limited Annual Report History

Income Statement

Income Statement history of Comvita Limited (NZX:CVT)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 208.91M 191.73M 195.91M 171.1M
Cost Of Revenue 82.91M 88.31M 104.6M 107.34M
Gross Profit 126M 103.42M 91.31M 63.76M
Research Development - - - 1.69M
Selling General Administrative 107.64M 93.6M 87.76M 70.3M
Non Recurring - - - -
Other Operating Expenses -1.78M -2.79M -862k -1.33M
Total Operating Expenses 188.85M 179.2M 193.35M 178.02M
Operating Income 20.06M 12.53M 2.56M -6.92M
Total Other Income Expense Net -2.93M 869k -12.82M -24.2M
Ebit 20.06M 12.53M 2.56M -6.92M
Interest Expense -2.54M -2.25M -4.68M -4.78M
Income Before Tax 17.12M 13.4M -10.26M -31.12M
Income Tax Expense 4.34M 3.92M -557k -3.41M
Minority Interest - - - -
Net Income From Continuing Ops 12.78M 9.48M -9.7M -27.72M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 12.78M 9.48M -9.7M -27.72M
Net Income Applicable To Common Shares 12.78M 9.48M -9.7M -27.72M

Balance Sheet Statement

Balance Sheet Statement history of Comvita Limited (NZX:CVT)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 17.76M 16.27M 16.68M 10.31M
Net Receivables 32.6M 27.64M 25.13M 44.33M
Inventory 132.16M 101.01M 112.68M 132.19M
Total Current Assets 189.51M 149.28M 160.57M 191.83M
Long Term Investments 10.96M 6.85M 6.27M 12.4M
Property Plant Equipment 77.08M 76.38M 68.28M 56.92M
Good Will 26.75M 27.6M 27.74M 27.84M
Intangible Assets 13.65M 10.45M 11.73M 13.24M
Other Assets 14.82M 16.05M 11.84M 10.8M
Deferred Long Term Asset Charges 5.76M 7.21M 8.04M 6.76M
Total Assets 332.78M 286.61M 286.42M 313.04M
Accounts Payable 18.32M 8.84M 10.45M 14.11M
Other Current Liab 8.76M 3.58M 2.05M 8.83M
Long Term Debt 43.3M 20.85M 32.2M 99.25M
Other Liab 2.13M 2.5M 2.61M 3.77M
Total Current Liabilities 49.93M 31.43M 31.98M 36.67M
Total Liab 104.79M 64.73M 74.67M 139.69M
Common Stock 199.68M 201.84M 200.1M 151.25M
Retained Earnings 34.87M 26.11M 18.62M 28.3M
Treasury Stock -6.56M -6.07M -6.98M -6.19M
Other Stockholder Equity -6.56M -6.07M -6.98M -6.19M
Total Stockholder Equity 227.99M 221.88M 211.75M 173.35M
Net Tangible Assets 187.59M 183.83M 172.28M 132.27M

Cash Flow Statement

Cash Flow Statement history of Comvita Limited (NZX:CVT)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 12.78M 9.48M -9.7M -27.72M
Depreciation 9.97M 9.9M 10.03M 4.75M
Change To Netincome -144k -553k 8.1M 11.98M
Change To Account Receivables -4.29M -5.8M 13.15M 24.93M
Change To Liabilities 15.12M -2.91M -5.44M 4M
Change To Inventory -31.15M 11.67M 19.51M -15.7M
Change To Operating Activities -476k 1.66M 2.2M 17.97M
Total Cash From Operating Activities 2.83M 24.82M 39.3M 21.09M
Capital Expenditures -5.45M -10.6M -5.21M -16.12M
Investments -4.35M 759k 759k -5.99M
Other Cashflows From Investing Activities 243k 459k -1.85M -1M
Total Cashflows From Investing Activities -13.22M -9.28M -9.69M -17.7M
Dividends Paid -4.7M -4.7M -4.7M -918k
Net Borrowings 18.59M -14.91M -70.91M 2.55M
Total Cash From Financing Activities 10.88M -16.17M -23.27M 2.24M
Effect Of Exchange Rate 992k 210k 33k -254k
Change In Cash 1.49M -413k 6.37M 5.37M
Repurchase Of Stock -3M -1.26M -572k -572k