Foley Wines Limited (NZX:FWL) Annual Report 2022



The latest annual report of Foley Wines Limited (FWL) 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 - FWL Annual Results

Amounts in NZD

Total Revenue
52.97M
Gross Profit
22.39M
EBIT
13.73M
Net Tangible Assets
108.67M
Net Income
6.2M
Capital Expenditures
-12.49M

FWL Income Statement 2022 Annual Report

As per the latest Income Statement of FWL, the Net revenue increased by $279000 (1%) compared to the previous period. The operating income in 2022 increased by $6.79M (98%). The net income as per the annual report was 6.2M which increased by $2.33M (60%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 52.97M 52.69M
Gross Profit 22.39M 16.92M
Operating Income 13.73M 6.94M
Income Before Tax 9.77M 5.18M
Net Income 6.2M 3.87M

Balance Sheet - FWL 2022 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 $-2.20M (-86%). The Net tangible assets of FWL on the balance sheet were at 108.67M which is $11.43M (12%) more than previous annual report. The total stockholder equity also increased by $11.44M (9%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 354k 2.56M
Total Assets 233.22M 211.73M
Long Term Debt 40.01M 35.58M
Total Liabilities 89.42M 79.37M
Total Shareholder Equity 143.79M 132.36M
Net Tangible Assets 108.67M 97.24M

Cash Flow Statement - FWL 2022 Annual Report

The 2022 annual cash flow statement of Foley Wines Limited showed that the net income increased by $2.33M (60%) compared to previous reporting period. Also the capital expenditure of FWL decreased by $-6.86M (-122%).

As of 2022, the total cash from investing activities was -12.26M and total cash from financing activities was 1.82M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 6.2M 3.87M
Capital Expenditures -12.49M -5.63M
Dividends Paid -2.63M -1.97M
Total Cash From From Investing Activities -12.26M -5.43M
Total Cash From From Financing Activities 1.82M -5.12M

Foley Wines Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 52.97M 52.69M 51.26M 44.72M
Cost Of Revenue 30.57M 35.77M 30.68M 29.2M
Gross Profit 22.39M 16.92M 20.58M 15.53M
Research Development - - - -
Selling General Administrative 8.66M 9.95M 10.21M 8.35M
Non Recurring - - - -
Other Operating Expenses - 31k 31k 38k
Total Operating Expenses 39.23M 45.74M 40.89M 37.59M
Operating Income 13.73M 6.94M 10.37M 7.13M
Total Other Income Expense Net -3.96M -1.76M -2.78M -2.08M
Ebit 13.73M 6.94M 10.37M 7.13M
Interest Expense -1.74M -1.51M -1.83M -1.55M
Income Before Tax 9.77M 5.18M 7.59M 5.05M
Income Tax Expense 3.58M 1.31M 672k 1.54M
Minority Interest - - - -
Net Income From Continuing Ops 6.2M 3.87M 6.92M 3.52M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 6.2M 3.87M 6.92M 3.52M
Net Income Applicable To Common Shares 6.2M 3.87M 6.92M 3.52M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 354k 2.56M 5.92M 3.44M
Net Receivables 9.83M 10M 7.58M 9.28M
Inventory 51.57M 44.7M 48.23M 45.38M
Other Current Assets 47k 288k 431k 356k
Total Current Assets 62.62M 58.29M 62.68M 59.23M
Property Plant Equipment 134.44M 117.6M 113.98M 101.25M
Good Will 16.3M 16.3M 16.3M 16.3M
Intangible Assets 18.82M 18.82M 18.82M 18.82M
Other Assets 1.03M 710k - -
Total Assets 233.22M 211.73M 211.78M 195.6M
Accounts Payable 2.35M 2.02M 4.61M 4.67M
Short Long Term Debt 13.77M 11.95M 18.25M 13.16M
Other Current Liab 966k 916k 1.66M 1.09M
Long Term Debt 40.01M 35.58M 31.51M 37.6M
Other Liab 15.78M 14.34M 15.22M 17.2M
Total Current Liabilities 20.68M 18.16M 27.6M 21.49M
Total Liab 89.42M 79.37M 86.27M 76.29M
Common Stock 86.52M 86.52M 86.52M 86.52M
Retained Earnings 27.39M 23.3M 20.46M 16.78M
Treasury Stock 29.89M 22.54M 18.53M 16.01M
Other Stockholder Equity 29.89M 22.54M 18.53M 16.01M
Total Stockholder Equity 143.79M 132.36M 125.51M 119.31M
Net Tangible Assets 108.67M 97.24M 90.39M 84.19M

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 6.2M 3.87M 6.92M 3.52M
Depreciation 5.63M 5.78M 5.57M 3.35M
Change To Netincome -1.14M 2.2M -1.49M 48k
Change To Account Receivables 216k -2.32M 1.7M 145k
Change To Liabilities -116k -2.31M -449k 2.08M
Change To Inventory -3.97M 819k -2.22M -3.25M
Change To Operating Activities 695k -96k 184k -636k
Total Cash From Operating Activities 7.57M 7.18M 10.79M 6.41M
Capital Expenditures -12.49M -5.63M -4.42M -2.95M
Total Cashflows From Investing Activities -12.26M -5.43M -4.34M -49.95M
Dividends Paid -2.63M -1.97M -1.97M -1.59M
Net Borrowings 4.45M -3.14M -2M 25.81M
Total Cash From Financing Activities 1.82M -5.12M -3.97M 44.22M
Change In Cash -2.87M -3.36M 2.48M 677k