EROAD Limited (NZX:ERD) Annual Report 2021



The latest annual report of EROAD Limited (ERD) was published on 31 Mar 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 - ERD Annual Results

Amounts in NZD

Total Revenue
91.6M
Gross Profit
26.5M
EBIT
7M
Net Tangible Assets
96.2M
Net Income
2M
Capital Expenditures
-4.7M

ERD Income Statement 2021 Annual Report

As per the latest Income Statement of ERD, the Net revenue increased by $10.40M (13%) compared to the previous period. The operating income in 2021 increased by $2.50M (56%). The net income as per the annual report was 2M which increased by $1.00M (100%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue91.6M81.2M
Gross Profit26.5M20.6M
Operating Income7M4.5M
Income Before Tax1.9M1.4M
Net Income2M1M

Balance Sheet - ERD 2021 Annual Report

Read further: ERD Balance Sheet Detailed Analysis

The latest balance sheet from annual result of EROAD Limited showed the company increased the cash on balance sheet by $53.70M (1579%). The Net tangible assets of ERD on the balance sheet were at 96.2M which is $54.30M (130%) more than previous annual report. The total stockholder equity also increased by $53.30M (104%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash57.1M3.4M
Total Assets172M 125.8M
Long Term Debt28.6M33.6M
Total Liabilities67.4M 74.5M
Total Shareholder Equity104.6M51.3M
Net Tangible Assets96.2M41.9M

Cash Flow Statement - ERD 2021 Annual Report

The 2021 annual cash flow statement of EROAD Limited showed that the net income increased by $1.00M (100%) compared to previous reporting period. Also the capital expenditure of ERD increased by $6.90M (59%).

As of 2021, the total cash from investing activities was -22.8M and total cash from financing activities was 48.4M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income2M1M
Capital Expenditures-4.7M-11.6M
Dividends Paid--
Total Cash From From Investing Activities-22.8M-35.9M
Total Cash From From Financing Activities48.4M100k

EROAD Limited Annual Report History

Income Statement

Income Statement history of EROAD Limited (NZX:ERD)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue91.6M81.2M61.4M43.77M
Cost Of Revenue65.1M60.6M50.6M36.89M
Gross Profit26.5M20.6M10.8M6.87M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses----
Total Operating Expenses84.6M76.7M63.7M47.85M
Operating Income7M4.5M-2.3M-4.08M
Total Other Income Expense Net-5.1M-5.1M-2.8M-1.8M
Ebit7M4.5M-2.3M-4.08M
Interest Expense-2.7M-2.8M-2.8M-1.9M
Income Before Tax1.9M1.4M-5.1M-5.88M
Income Tax Expense-100k400k-200k-2.43M
Minority Interest----
Net Income From Continuing Ops2M1M-4.9M-3.46M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income2M1M-4.9M-3.46M
Net Income Applicable To Common Shares2M1M-4.9M-3.46M

Balance Sheet Statement

Balance Sheet Statement history of EROAD Limited (NZX:ERD)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash57.1M3.4M16.1M21.87M
Net Receivables5.4M7.5M5.8M7.72M
Other Current Assets16M19.9M17.3M13.09M
Total Current Assets81.3M34M43.9M46.61M
Property Plant Equipment34.7M37.4M33.9M23.85M
Intangible Assets8.4M9.4M3.3M3.05M
Other Assets47.6M45M42.1M37.65M
Deferred Long Term Asset Charges7.3M7.5M7.5M6.95M
Total Assets172M125.8M123.2M111.15M
Accounts Payable4.2M4.1M3.5M2.47M
Short Long Term Debt6.4M2.2M17.2M10.57M
Other Current Liab3.9M3.6M5.8M14.96M
Long Term Debt28.6M33.6M17.5M15.91M
Other Liab2.7M4.9M4.5M4.87M
Deferred Long Term Liab40.3M37.5M34.6M30.69M
Total Current Liabilities31.9M30.7M43.7M32.34M
Total Liab67.4M74.5M71.9M54.38M
Common Stock131.7M80.7M80.6M80.33M
Retained Earnings-23.7M-26.5M-27.7M-23.02M
Treasury Stock-3.4M-2.9M-1.6M-534.64k
Other Stockholder Equity-3.4M-2.9M-1.6M-534.64k
Total Stockholder Equity104.6M51.3M51.3M56.77M
Net Tangible Assets96.2M41.9M48M53.72M

Cash Flow Statement

Cash Flow Statement history of EROAD Limited (NZX:ERD)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income2M1M-4.9M-3.46M
Depreciation9.6M8.4M6.7M5.36M
Change To Netincome-1.2M-1M-900k-1.84M
Change To Account Receivables2.4M-200k1.1M-6.11M
Change To Liabilities-1.4M800k1M1.56M
Total Cash From Operating Activities28.1M23.1M14.2M5.21M
Capital Expenditures-4.7M-11.6M-10.9M-11.32M
Total Cashflows From Investing Activities-22.8M-35.9M-27.3M-23.8M
Net Borrowings-2.4M100k7.3M18.7M
Other Cashflows From Financing Activities-2.1M-2.1M-2.1M-673.66k
Total Cash From Financing Activities48.4M100k7.3M39.53M
Change In Cash53.7M-12.7M-5.8M20.94M
Issuance Of Stock52.9M52.9M52.9M21.5M
Dividends Paid----