Geneva Finance Limited (NZX:GFL) Annual Report 2022



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

Amounts in NZD

Total Revenue
39.2M
Gross Profit
15.57M
EBIT
-
Net Tangible Assets
33.72M
Net Income
5.51M
Capital Expenditures
-65k

GFL Income Statement 2022 Annual Report

As per the latest Income Statement of GFL, the Net revenue increased by $9.05M (30%) compared to the previous period. The operating income in 2022 increased by $1.48M (22%). The net income as per the annual report was 5.51M which decreased by $-674000 (-11%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue39.2M30.15M
Gross Profit15.57M12.89M
Operating Income8.24M6.76M
Income Before Tax8.24M6.77M
Net Income5.51M6.18M

Balance Sheet - GFL 2022 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 $11.03M (40%). The Net tangible assets of GFL on the balance sheet were at 33.72M which is $3.32M (11%) more than previous annual report. The total stockholder equity also increased by $3.11M (10%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash38.83M27.8M
Total Assets155.65M 142.5M
Long Term Debt76.73M69.36M
Total Liabilities117.89M 108.28M
Total Shareholder Equity35.7M32.6M
Net Tangible Assets33.72M30.39M

Cash Flow Statement - GFL 2022 Annual Report

The 2022 annual cash flow statement of Geneva Finance Limited showed that the net income decreased by $-674000 (-11%) compared to previous reporting period. Also the capital expenditure of GFL increased by $0 (0%).

As of 2022, the total cash from investing activities was -57k and total cash from financing activities was -578k.

Cash Flow Statement Report (2022/2021)

20222021
Net Income5.51M6.18M
Capital Expenditures-65k-65k
Dividends Paid-2.71M-1.98M
Total Cash From From Investing Activities-57k3.3M
Total Cash From From Financing Activities-578k3.76M

Geneva Finance Limited Annual Report History

Income Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue39.2M30.15M24.83M21.09M
Cost Of Revenue23.64M17.27M14.7M10.79M
Gross Profit15.57M12.89M10.13M10.3M
Research Development----
Selling General Administrative6.48M5.24M5.29M4.66M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses30.97M23.39M20.74M15.86M
Operating Income8.24M6.76M4.09M5.23M
Total Other Income Expense Net-4k9k203k
Ebit----
Interest Expense----
Income Before Tax8.24M6.77M4.1M5.43M
Income Tax Expense2.29M146k-13k1.04M
Minority Interest2.06M1.62M1.47M1.06M
Net Income From Continuing Ops5.94M6.62M4.12M4.39M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income5.51M6.18M3.71M4.05M
Net Income Applicable To Common Shares5.51M6.18M3.71M4.05M

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash38.83M27.8M20.62M18.25M
Net Receivables104.58M101.01M88.22M84.88M
Other Current Assets310k289k2.02M3.07M
Total Current Assets144.22M129.1M110.87M106.21M
Long Term Investments33k203k3.68M3.62M
Property Plant Equipment542k857k1.22M238k
Good Will1.34M1.34M1.34M1.34M
Intangible Assets647k864k1.03M1.03M
Other Assets8.87M10.14M7.33M5.3M
Deferred Long Term Asset Charges3.02M4.91M3.23M1.65M
Total Assets155.65M142.5M125.47M117.74M
Accounts Payable1.31M1.17M981k772k
Short Long Term Debt6.62M11.57M8.31M8.72M
Other Current Liab920k992k1.01M1.27M
Long Term Debt76.73M69.36M65.97M64.29M
Other Liab28.67M20.77M13.77M11.37M
Deferred Long Term Liab5.85M5.23M4.1M3.65M
Minority Interest2.06M1.62M1.47M1.06M
Total Current Liabilities12.21M17.57M13.55M12.49M
Total Liab117.89M108.28M94.13M88.15M
Common Stock52.78M52.78M52.78M52.78M
Retained Earnings-14.72M-17.52M-21.73M-22.88M
Treasury Stock-2.36M-2.66M-1.18M-1.37M
Other Stockholder Equity-2.02M-2.32M-1.18M-1.37M
Total Stockholder Equity35.7M32.6M29.88M28.53M
Net Tangible Assets33.72M30.39M27.51M26.16M

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income5.51M6.18M3.71M4.05M
Depreciation469k459k447k167k
Change To Netincome2.27M435k2.26M6.24M
Change To Liabilities76k-1.27M-2.67M-1.96M
Change To Operating Activities3.37M-5.55M2.34M-13.48M
Total Cash From Operating Activities11.67M119k6.38M-4.74M
Capital Expenditures-65k-65k-243k-183k
Investments170k3.5M3.5M-2.47M
Total Cashflows From Investing Activities-57k3.3M-2.47M-3.57M
Dividends Paid-2.71M-1.98M-2.55M-2.5M
Net Borrowings2.13M6.37M1.02M13.09M
Total Cash From Financing Activities-578k3.76M-1.53M12.08M
Change In Cash11.03M7.18M2.37M3.78M