EROAD Limited (NZX:ERD) Annual Report 2022



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

Amounts in NZD

Total Revenue
114.9M
Gross Profit
21.8M
EBIT
400k
Net Tangible Assets
107.6M
Net Income
-9.6M
Capital Expenditures
-28.4M

ERD Income Statement 2022 Annual Report

As per the latest Income Statement of ERD, the Net revenue increased by $23.30M (25%) compared to the previous period. The operating income in 2022 decreased by $-4.70M (-92%). The net income as per the annual report was -9.6M which decreased by $-12.10M (-484%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue114.9M91.6M
Gross Profit21.8M23.6M
Operating Income400k5.1M
Income Before Tax-10.4M2.6M
Net Income-9.6M2.5M

Balance Sheet - ERD 2022 Annual Report

Read further: ERD Balance Sheet Detailed Analysis

The latest balance sheet from annual result of EROAD Limited showed the company reduced the cash on balance sheet by $-43.20M (-76%). The Net tangible assets of ERD on the balance sheet were at 107.6M which is $9.20M (9%) more than previous annual report. The total stockholder equity also increased by $145.60M (143%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash13.9M57.1M
Total Assets367.1M 169.6M
Long Term Debt30.2M28.6M
Total Liabilities119.4M 67.5M
Total Shareholder Equity247.7M102.1M
Net Tangible Assets107.6M98.4M

Cash Flow Statement - ERD 2022 Annual Report

The 2022 annual cash flow statement of EROAD Limited showed that the net income decreased by $-12.10M (-484%) compared to previous reporting period. Also the capital expenditure of ERD decreased by $-23.70M (-504%).

As of 2022, the total cash from investing activities was -134.6M and total cash from financing activities was 77.1M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income-9.6M2.5M
Capital Expenditures-28.4M-4.7M
Dividends Paid--
Total Cash From From Investing Activities-134.6M-22.8M
Total Cash From From Financing Activities77.1M48.4M

EROAD Limited Annual Report History

Income Statement

Income Statement history of EROAD Limited (NZX:ERD)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue114.9M91.6M81.2M61.4M
Cost Of Revenue93.1M68M60.6M50.6M
Gross Profit21.8M23.6M20.6M10.8M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses----
Total Operating Expenses114.5M86.5M76.7M63.7M
Operating Income400k5.1M4.5M-2.3M
Total Other Income Expense Net-10.8M-2.5M-5.1M-2.8M
Ebit400k5.1M4.5M-2.3M
Interest Expense-2.9M-2.7M-2.8M-2.8M
Income Before Tax-10.4M2.6M1.4M-5.1M
Income Tax Expense-800k100k400k-200k
Minority Interest----
Net Income From Continuing Ops-9.6M2.5M1M-4.9M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-9.6M2.5M1M-4.9M
Net Income Applicable To Common Shares-9.6M2.5M1M-4.9M

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash13.9M57.1M3.4M16.1M
Net Receivables16.2M5.4M7.5M5.8M
Other Current Assets20.4M16M19.9M17.3M
Total Current Assets61.5M82.6M34M43.9M
Property Plant Equipment61.7M34.7M37.4M33.9M
Good Will105.1M---
Intangible Assets35M3.7M9.4M3.3M
Other Assets103.8M48.6M45M42.1M
Deferred Long Term Asset Charges10.3M8.3M7.5M7.5M
Total Assets367.1M169.6M125.8M123.2M
Accounts Payable11.6M4.2M4.1M3.5M
Other Current Liab24.2M3.9M3.6M5.8M
Long Term Debt30.2M28.6M33.6M17.5M
Other Liab19M2.7M4.9M4.5M
Deferred Long Term Liab93.5M40.3M37.5M34.6M
Total Current Liabilities65.9M32M30.7M43.7M
Total Liab119.4M67.5M74.5M71.9M
Common Stock293.3M131.7M80.7M80.6M
Retained Earnings-35.4M-26.2M-26.5M-27.7M
Treasury Stock-10.2M-3.4M-2.9M-1.6M
Other Stockholder Equity-10.2M-3.4M-2.9M-1.6M
Total Stockholder Equity247.7M102.1M51.3M51.3M
Net Tangible Assets107.6M98.4M41.9M48M

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income-9.6M2.5M1M-4.9M
Depreciation11.2M8.6M8.4M6.7M
Change To Netincome300k-1M-1M-900k
Change To Account Receivables-10.4M2.7M-200k1.1M
Change To Liabilities5.8M-1.4M800k1M
Total Cash From Operating Activities14.3M28.1M23.1M14.2M
Capital Expenditures-28.4M-4.7M-11.6M-10.9M
Total Cashflows From Investing Activities-134.6M-22.8M-35.9M-27.3M
Net Borrowings-4.5M-2.4M100k7.3M
Other Cashflows From Financing Activities-3.4M-2.1M-2.1M-2.1M
Total Cash From Financing Activities77.1M48.4M100k7.3M
Change In Cash-43.2M53.7M-12.7M-5.8M
Issuance Of Stock85M52.9M52.9M52.9M
Dividends Paid----