Geneva Finance Limited (NZX:GFL) Annual Report 2021



The latest annual report of Geneva Finance Limited (GFL) 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 - GFL Annual Results

Amounts in NZD

Total Revenue
30.15M
Gross Profit
12.89M
EBIT
-
Net Tangible Assets
30.39M
Net Income
6.18M
Capital Expenditures
-

GFL Income Statement 2021 Annual Report

As per the latest Income Statement of GFL, the Net revenue increased by $5.32M (21%) compared to the previous period. The operating income in 2021 increased by $2.67M (65%). The net income as per the annual report was 6.18M which increased by $2.48M (67%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue30.15M24.83M
Gross Profit12.89M10.13M
Operating Income6.76M4.09M
Income Before Tax6.77M4.1M
Net Income6.18M3.71M

Balance Sheet - GFL 2021 Annual Report

Read further: GFL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Geneva Finance Limited showed the company increased the cash on balance sheet by $7.18M (35%). The Net tangible assets of GFL on the balance sheet were at 30.39M which is $2.89M (10%) more than previous annual report. The total stockholder equity also increased by $2.72M (9%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash27.8M20.62M
Total Assets142.5M 125.47M
Long Term Debt69.36M65.97M
Total Liabilities108.28M 94.13M
Total Shareholder Equity32.6M29.88M
Net Tangible Assets30.39M27.51M

Cash Flow Statement - GFL 2021 Annual Report

The 2021 annual cash flow statement of Geneva Finance Limited showed that the net income increased by $2.48M (67%) compared to previous reporting period. Also the capital expenditure of GFL increased by $NaN (NaN%).

As of 2021, the total cash from investing activities was 3.3M and total cash from financing activities was 3.76M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income6.18M3.71M
Capital Expenditures--243k
Dividends Paid-1.98M-2.55M
Total Cash From From Investing Activities3.3M-2.47M
Total Cash From From Financing Activities3.76M-1.53M

Geneva Finance Limited Annual Report History

Income Statement

Income Statement history of Geneva Finance Limited (NZX:GFL)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue30.15M24.83M21.09M15.05M
Cost Of Revenue17.27M14.7M10.79M6.42M
Gross Profit12.89M10.13M10.3M8.63M
Research Development----
Selling General Administrative5.24M5.29M4.66M3.84M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses23.39M20.74M15.86M10.52M
Operating Income6.76M4.09M5.23M4.52M
Total Other Income Expense Net4k9k203k-
Ebit----
Interest Expense----
Income Before Tax6.77M4.1M5.43M4.52M
Income Tax Expense146k-13k1.04M-1.6M
Minority Interest1.62M1.47M1.06M1.06M
Net Income From Continuing Ops6.62M4.12M4.39M6.12M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income6.18M3.71M4.05M6.12M
Net Income Applicable To Common Shares6.18M3.71M4.05M6.12M

Balance Sheet Statement

Balance Sheet Statement history of Geneva Finance Limited (NZX:GFL)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash27.8M20.62M18.25M14.47M
Net Receivables101.01M88.22M84.88M69.84M
Other Current Assets2.74M2.02M3.07M3.49M
Total Current Assets131.55M110.87M106.21M87.94M
Long Term Investments203k3.68M3.62M3.68M
Property Plant Equipment857k1.22M238k128k
Good Will1.34M1.34M1.34M758k
Intangible Assets864k1.03M1.03M1.03M
Other Assets7.69M7.33M5.3M5.78M
Deferred Long Term Asset Charges2.46M3.23M1.65M3.05M
Total Assets142.5M125.47M117.74M99.32M
Accounts Payable1.17M981k772k428k
Short Long Term Debt11.57M8.31M8.72M6.42M
Other Current Liab992k1.01M1.27M756k
Long Term Debt69.36M65.97M64.29M53.5M
Other Liab20.77M13.77M11.37M7.74M
Deferred Long Term Liab5.23M4.1M3.65M2.73M
Minority Interest1.62M1.47M1.06M-
Total Current Liabilities17.57M13.55M12.49M8.91M
Total Liab108.28M94.13M88.15M70.15M
Common Stock52.78M52.78M52.78M51.29M
Retained Earnings-17.52M-21.73M-22.88M-23.22M
Treasury Stock-2.66M-1.18M-1.37M1.1M
Other Stockholder Equity-2.32M-1.18M-1.37M1.1M
Total Stockholder Equity32.6M29.88M28.53M29.17M
Net Tangible Assets30.39M27.51M26.16M27.38M

Cash Flow Statement

Cash Flow Statement history of Geneva Finance Limited (NZX:GFL)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income6.18M3.71M4.05M6.12M
Depreciation459k447k167k72k
Change To Netincome435k2.26M6.24M-1.08M
Change To Liabilities-1.27M-2.67M-1.96M-2.22M
Change To Operating Activities-5.55M2.34M-13.48M-1.97M
Total Cash From Operating Activities119k6.38M-4.74M1.11M
Investments3.5M3.5M-2.47M-1.14M
Total Cashflows From Investing Activities3.3M-2.47M-3.57M-1.44M
Dividends Paid-1.98M-2.55M-2.5M-2.11M
Net Borrowings6.03M1.02M13.09M5.85M
Other Cashflows From Financing Activities-283k-283k-1k-1k
Total Cash From Financing Activities3.76M-1.53M12.08M3.73M
Change In Cash7.18M2.37M3.78M3.4M
Capital Expenditures--243k-183k-53k