Foley Wines Limited (NZX:FWL) Annual Report 2021

The latest annual report of Foley Wines Limited (FWL) was published on 30 Jun 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 - FWL Annual Results

^{Amounts in NZD}

Total Revenue

52.69M

Gross Profit

16.92M

EBIT

6.94M

Net Tangible Assets

97.24M

Net Income

3.87M

Capital Expenditures

-5.63M

FWL Income Statement 2021 Annual Report

As per the latest Income Statement of FWL, the Net revenue increased by $1.43M (3%) compared to the previous period. The operating income in 2021 decreased by $-3.42M (-33%). The net income as per the annual report was 3.87M which decreased by $-3.06M (-44%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	52.69M	51.26M
Gross Profit	16.92M	20.58M
Operating Income	6.94M	10.37M
Income Before Tax	5.18M	7.59M
Net Income	3.87M	6.92M

Balance Sheet - FWL 2021 Annual Report

Read further: FWL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Foley Wines Limited showed the company reduced the cash on balance sheet by $-3.36M (-57%). The Net tangible assets of FWL on the balance sheet were at 97.24M which is $6.85M (8%) more than previous annual report. The total stockholder equity also increased by $6.85M (5%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	2.56M	5.92M
Total Assets	211.73M	211.78M
Long Term Debt	35.58M	31.51M
Total Liabilities	79.37M	86.27M
Total Shareholder Equity	132.36M	125.51M
Net Tangible Assets	97.24M	90.39M

Cash Flow Statement - FWL 2021 Annual Report

The 2021 annual cash flow statement of Foley Wines Limited showed that the net income decreased by $-3.06M (-44%) compared to previous reporting period. Also the capital expenditure of FWL decreased by $-1.21M (-27%).

As of 2021, the total cash from investing activities was -5.43M and total cash from financing activities was -5.12M.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	3.87M	6.92M
Capital Expenditures	-5.63M	-4.42M
Dividends Paid	-1.97M	-1.97M
Total Cash From From Investing Activities	-5.43M	-4.34M
Total Cash From From Financing Activities	-5.12M	-3.97M

Foley Wines Limited Annual Report History

Income Statement

Income Statement history of Foley Wines Limited (NZX:FWL)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Total Revenue	52.69M	51.26M	44.72M	38.24M
Cost Of Revenue	35.77M	30.68M	29.2M	26.55M
Gross Profit	16.92M	20.58M	15.53M	11.69M
Research Development	-	-	-	-
Selling General Administrative	9.95M	10.21M	8.35M	7.21M
Non Recurring	-	-	-	-
Other Operating Expenses	31k	31k	38k	38k
Total Operating Expenses	45.74M	40.89M	37.59M	33.76M
Operating Income	6.94M	10.37M	7.13M	4.48M
Total Other Income Expense Net	-1.76M	-2.78M	-2.08M	-1.84M
Ebit	6.94M	10.37M	7.13M	4.48M
Interest Expense	-1.51M	-1.83M	-1.55M	-1.08M
Income Before Tax	5.18M	7.59M	5.05M	2.64M
Income Tax Expense	1.31M	672k	1.54M	837k
Minority Interest	-	-	-	-
Net Income From Continuing Ops	3.87M	6.92M	3.52M	1.8M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	3.87M	6.92M	3.52M	1.8M
Net Income Applicable To Common Shares	3.87M	6.92M	3.52M	1.8M

Balance Sheet Statement

Balance Sheet Statement history of Foley Wines Limited (NZX:FWL)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Cash	2.56M	5.92M	3.44M	2.77M
Net Receivables	10M	7.58M	9.28M	9.11M
Inventory	44.7M	48.23M	45.38M	31.08M
Other Current Assets	288k	431k	356k	-
Total Current Assets	58.29M	62.68M	59.23M	43.43M
Long Term Investments	6k	-	-	-
Property Plant Equipment	117.6M	113.98M	101.25M	74.63M
Good Will	16.3M	16.3M	16.3M	4.73M
Intangible Assets	18.82M	18.82M	18.82M	8.33M
Other Assets	710k	-	-	128k
Total Assets	211.73M	211.78M	195.6M	131.24M
Accounts Payable	2.02M	4.61M	4.67M	3.58M
Short Long Term Debt	11.95M	18.25M	13.16M	11.91M
Other Current Liab	916k	1.66M	1.09M	80k
Long Term Debt	35.58M	31.51M	37.6M	8.01M
Other Liab	14.34M	15.22M	17.2M	11.86M
Total Current Liabilities	18.16M	27.6M	21.49M	16.89M
Total Liab	79.37M	86.27M	76.29M	36.76M
Common Stock	86.52M	86.52M	86.52M	66.52M
Retained Earnings	23.3M	20.46M	16.78M	14.63M
Treasury Stock	22.54M	18.53M	16.01M	13.34M
Other Stockholder Equity	22.54M	18.53M	16.01M	13.34M
Total Stockholder Equity	132.36M	125.51M	119.31M	94.48M
Net Tangible Assets	97.24M	90.39M	84.19M	81.43M

Cash Flow Statement

Cash Flow Statement history of Foley Wines Limited (NZX:FWL)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Net Income	3.87M	6.92M	3.52M	1.8M
Depreciation	5.78M	5.57M	3.35M	2.65M
Change To Netincome	2.2M	-1.49M	48k	-223k
Change To Account Receivables	-2.32M	1.7M	145k	521k
Change To Liabilities	-2.31M	-449k	2.08M	582k
Change To Inventory	819k	-2.22M	-3.25M	2.45M
Change To Operating Activities	-96k	184k	-636k	64k
Total Cash From Operating Activities	7.18M	10.79M	6.41M	7.17M
Capital Expenditures	-5.63M	-4.42M	-2.95M	-2.12M
Total Cashflows From Investing Activities	-5.43M	-4.34M	-49.95M	-2.1M
Dividends Paid	-1.97M	-1.97M	-1.59M	-1.57M
Net Borrowings	-3.14M	-2M	25.81M	-999k
Total Cash From Financing Activities	-5.12M	-3.97M	44.22M	-2.57M
Change In Cash	-3.36M	2.48M	677k	2.5M