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)

20212020
Total Revenue52.69M51.26M
Gross Profit16.92M20.58M
Operating Income6.94M10.37M
Income Before Tax5.18M7.59M
Net Income3.87M6.92M

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)

20212020
Cash2.56M5.92M
Total Assets211.73M 211.78M
Long Term Debt35.58M31.51M
Total Liabilities79.37M 86.27M
Total Shareholder Equity132.36M125.51M
Net Tangible Assets97.24M90.39M

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)

20212020
Net Income3.87M6.92M
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 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue52.69M51.26M44.72M38.24M
Cost Of Revenue35.77M30.68M29.2M26.55M
Gross Profit16.92M20.58M15.53M11.69M
Research Development----
Selling General Administrative9.95M10.21M8.35M7.21M
Non Recurring----
Other Operating Expenses31k31k38k38k
Total Operating Expenses45.74M40.89M37.59M33.76M
Operating Income6.94M10.37M7.13M4.48M
Total Other Income Expense Net-1.76M-2.78M-2.08M-1.84M
Ebit6.94M10.37M7.13M4.48M
Interest Expense-1.51M-1.83M-1.55M-1.08M
Income Before Tax5.18M7.59M5.05M2.64M
Income Tax Expense1.31M672k1.54M837k
Minority Interest----
Net Income From Continuing Ops3.87M6.92M3.52M1.8M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.87M6.92M3.52M1.8M
Net Income Applicable To Common Shares3.87M6.92M3.52M1.8M

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash2.56M5.92M3.44M2.77M
Net Receivables10M7.58M9.28M9.11M
Inventory44.7M48.23M45.38M31.08M
Other Current Assets288k431k356k-
Total Current Assets58.29M62.68M59.23M43.43M
Long Term Investments6k---
Property Plant Equipment117.6M113.98M101.25M74.63M
Good Will16.3M16.3M16.3M4.73M
Intangible Assets18.82M18.82M18.82M8.33M
Other Assets710k--128k
Total Assets211.73M211.78M195.6M131.24M
Accounts Payable2.02M4.61M4.67M3.58M
Short Long Term Debt11.95M18.25M13.16M11.91M
Other Current Liab916k1.66M1.09M80k
Long Term Debt35.58M31.51M37.6M8.01M
Other Liab14.34M15.22M17.2M11.86M
Total Current Liabilities18.16M27.6M21.49M16.89M
Total Liab79.37M86.27M76.29M36.76M
Common Stock86.52M86.52M86.52M66.52M
Retained Earnings23.3M20.46M16.78M14.63M
Treasury Stock22.54M18.53M16.01M13.34M
Other Stockholder Equity22.54M18.53M16.01M13.34M
Total Stockholder Equity132.36M125.51M119.31M94.48M
Net Tangible Assets97.24M90.39M84.19M81.43M

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income3.87M6.92M3.52M1.8M
Depreciation5.78M5.57M3.35M2.65M
Change To Netincome2.2M-1.49M48k-223k
Change To Account Receivables-2.32M1.7M145k521k
Change To Liabilities-2.31M-449k2.08M582k
Change To Inventory819k-2.22M-3.25M2.45M
Change To Operating Activities-96k184k-636k64k
Total Cash From Operating Activities7.18M10.79M6.41M7.17M
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-2M25.81M-999k
Total Cash From Financing Activities-5.12M-3.97M44.22M-2.57M
Change In Cash-3.36M2.48M677k2.5M