Good Spirits Hospitality Limited (NZX:GSH) Annual Report 2021



The latest annual report of Good Spirits Hospitality Limited (GSH) 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 - GSH Annual Results

Amounts in NZD

Total Revenue
23.48M
Gross Profit
9.78M
EBIT
2.68M
Net Tangible Assets
-22.47M
Net Income
-5.84M
Capital Expenditures
-731.15k

GSH Income Statement 2021 Annual Report

As per the latest Income Statement of GSH, the Net revenue decreased by $-160166 (-1%) compared to the previous period. The operating income in 2021 decreased by $-31965 (-1%). The net income as per the annual report was -5.84M which decreased by $-4284 (0%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue23.48M23.64M
Gross Profit9.78M10.04M
Operating Income2.68M2.71M
Income Before Tax-5.82M-6.2M
Net Income-5.84M-5.83M

Balance Sheet - GSH 2021 Annual Report

Read further: GSH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Good Spirits Hospitality Limited showed the company reduced the cash on balance sheet by $-217746 (-8%). The Net tangible assets of GSH on the balance sheet were at -22.47M which is $-412186 (-2%) less than previous annual report. The total stockholder equity also decreased by $-5.56M (-81%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.58M2.8M
Total Assets46.1M 52.47M
Long Term Debt26.86M26.53M
Total Liabilities44.83M 45.63M
Total Shareholder Equity1.27M6.84M
Net Tangible Assets-22.47M-22.06M

Cash Flow Statement - GSH 2021 Annual Report

The 2021 annual cash flow statement of Good Spirits Hospitality Limited showed that the net income decreased by $-4284 (0%) compared to previous reporting period. Also the capital expenditure of GSH increased by $1.80M (71%).

As of 2021, the total cash from investing activities was -731.15k and total cash from financing activities was -2.13M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-5.84M-5.83M
Capital Expenditures-731.15k-2.53M
Dividends Paid--
Total Cash From From Investing Activities-731.15k-2.53M
Total Cash From From Financing Activities-2.13M-741.8k

Good Spirits Hospitality Limited Annual Report History

Income Statement

Income Statement history of Good Spirits Hospitality Limited (NZX:GSH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue23.48M23.64M25.43M23.81M
Cost Of Revenue13.7M13.59M12.93M12.19M
Gross Profit9.78M10.04M12.5M11.62M
Research Development----
Selling General Administrative1.1M1M1.18M1.21M
Non Recurring----
Other Operating Expenses3.82M4.06M6.05M6.47M
Total Operating Expenses20.8M20.93M20.69M20.36M
Operating Income2.68M2.71M4.74M3.45M
Total Other Income Expense Net-8.5M-8.91M-3.81M-3.72M
Ebit2.68M2.71M4.74M3.45M
Interest Expense-3.91M-4.71M-3.09M-1.52M
Income Before Tax-5.82M-6.2M929.99k-273.94k
Income Tax Expense13.26k-363.48k721.62k64.64k
Minority Interest----
Net Income From Continuing Ops-5.84M-5.83M208.37k-338.57k
Discontinued Operations---23.11k4.84M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-5.84M-5.83M185.26k4.5M
Net Income Applicable To Common Shares-5.84M-5.83M185.26k4.5M

Balance Sheet Statement

Balance Sheet Statement history of Good Spirits Hospitality Limited (NZX:GSH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash2.58M2.8M1.3M1.17M
Net Receivables258.17k118.95k75.24k81.85k
Inventory455.07k384.98k365.57k327.53k
Other Current Assets266.25k266.25k265.63k82.89k
Total Current Assets3.82M3.89M2.31M1.79M
Property Plant Equipment17.52M18.65M3.63M2.76M
Good Will23.74M28.89M33.75M29.98M
Other Assets1.02M1.03M668.47k1.27M
Deferred Long Term Asset Charges1.02M1.03M668.47k1.27M
Total Assets46.1M52.47M40.36M35.8M
Accounts Payable1.79M2.05M2.23M1.41M
Other Current Liab110.12k-1185.23k
Long Term Debt26.86M26.53M22.99M19.19M
Other Liab1M809.26k1.04M-
Total Current Liabilities3.89M4.96M3.65M4.11M
Total Liab44.83M45.63M27.68M23.31M
Common Stock35.18M34.9M34.14M34.14M
Retained Earnings-33.91M-28.07M-22.23M-22.42M
Total Stockholder Equity1.27M6.84M12.68M12.5M
Net Tangible Assets-22.47M-22.06M-21.07M-17.48M

Cash Flow Statement

Cash Flow Statement history of Good Spirits Hospitality Limited (NZX:GSH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income-5.84M-5.83M185.26k4.5M
Depreciation2.18M2.27M538.97k485.38k
Change To Netincome6.97M8.34M1.12M-5.48M
Change To Account Receivables-79.16k-58.99k-163.77k65.89k
Change To Liabilities-531.58k435.38k-99.03k-120.18k
Change To Inventory-70.09k-19.41k10.41k332
Total Cash From Operating Activities2.65M4.76M2.31M-1.42M
Capital Expenditures-731.15k-2.53M-878.4k-198.04k
Total Cashflows From Investing Activities-731.15k-2.53M-4.91M7.8M
Net Borrowings-744.51k701.61k2.84M-5.82M
Other Cashflows From Financing Activities-1.39M-1.44M-111.68k-111.68k
Total Cash From Financing Activities-2.13M-741.8k2.73M-5.82M
Change In Cash-217.75k1.49M127.88k562.43k
Dividends Paid----