Good Spirits Hospitality Limited (NZX:GSH) Annual Report 2022

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

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

GSH Income Statement 2022 Annual Report

As per the latest Income Statement of GSH, the Net revenue decreased by $-5.78M (-25%) compared to the previous period. The operating income in 2022 decreased by $-4.41M (-168%). The net income as per the annual report was -6.6M which decreased by $-763974 (-13%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 17.7M 23.48M
Gross Profit 4.85M 9.78M
Operating Income -1.78M 2.62M
Income Before Tax -6.99M -5.82M
Net Income -6.6M -5.84M

Balance Sheet - GSH 2022 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 $-1.61M (-66%). The Net tangible assets of GSH on the balance sheet were at -28.45M which is $-5.98M (-27%) less than previous annual report. The total stockholder equity also decreased by $-6.60M (-518%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 832.74k 2.44M
Total Assets 45.04M 46.1M
Long Term Debt - 26.86M
Total Liabilities 50.37M 44.83M
Total Shareholder Equity -5.33M 1.27M
Net Tangible Assets -28.45M -22.47M

Cash Flow Statement - GSH 2022 Annual Report

The 2022 annual cash flow statement of Good Spirits Hospitality Limited showed that the net income decreased by $-763974 (-13%) compared to previous reporting period. Also the capital expenditure of GSH decreased by $-2.06M (-282%).

As of 2022, the total cash from investing activities was -2.79M and total cash from financing activities was 564.58k.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -6.6M -5.84M
Capital Expenditures -2.79M -731.15k
Dividends Paid - -
Total Cash From From Investing Activities -2.79M -731.15k
Total Cash From From Financing Activities 564.58k -2.13M

Good Spirits Hospitality Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 17.7M 23.48M 23.64M 25.43M
Cost Of Revenue 12.85M 13.7M 13.59M 12.93M
Gross Profit 4.85M 9.78M 10.04M 12.5M
Research Development - - - -
Selling General Administrative 819.91k 1.1M 1M 1.18M
Non Recurring - - - -
Other Operating Expenses 3.47M 3.87M 4.06M 6.05M
Total Operating Expenses 19.48M 20.85M 20.93M 20.69M
Operating Income -1.78M 2.62M 2.71M 4.74M
Total Other Income Expense Net -5.21M -8.45M -8.91M -3.81M
Ebit -1.78M 2.62M 2.71M 4.74M
Interest Expense -4.75M -3.91M -4.71M -3.09M
Income Before Tax -6.99M -5.82M -6.2M 929.99k
Income Tax Expense -387.58k 13.26k -363.48k 721.62k
Minority Interest - - - -
Net Income From Continuing Ops -6.6M -5.84M -5.83M 208.37k
Discontinued Operations - - - -23.11k
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -6.6M -5.84M -5.83M 185.26k
Net Income Applicable To Common Shares -6.6M -5.84M -5.83M 185.26k

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 832.74k 2.44M 2.8M 1.3M
Net Receivables 230.49k 263.67k 118.95k 75.24k
Inventory 509.48k 455.07k 384.98k 365.57k
Other Current Assets 416.65k 403.65k 266.25k 265.63k
Total Current Assets 2.29M 3.82M 3.89M 2.31M
Property Plant Equipment 18.22M 17.52M 18.65M 3.63M
Good Will 23.12M 23.74M 28.89M 33.75M
Other Assets 1.4M 1.02M 1.03M 668.47k
Deferred Long Term Asset Charges 1.4M 1.02M 1.03M 668.47k
Total Assets 45.04M 46.1M 52.47M 40.36M
Accounts Payable 2.53M 1.79M 2.05M 2.23M
Short Long Term Debt 31.56M - 715.19k 791.57k
Other Current Liab 103.3k 110.12k - 1
Other Liab 1.71M 1M 809.26k 1.04M
Total Current Liabilities 35.77M 3.89M 4.96M 3.65M
Total Liab 50.37M 44.83M 45.63M 27.68M
Common Stock 35.18M 35.18M 34.9M 34.14M
Retained Earnings -40.51M -33.91M -28.07M -22.23M
Total Stockholder Equity -5.33M 1.27M 6.84M 12.68M
Net Tangible Assets -28.45M -22.47M -22.06M -21.07M
Long Term Debt - 26.86M 26.53M 22.99M

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income -6.6M -5.84M -5.83M 185.26k
Depreciation 2.34M 2.18M 2.27M 538.97k
Change To Netincome 3.69M 6.98M 8.34M 1.12M
Change To Account Receivables -18.11k -216.56k -58.99k -163.77k
Change To Liabilities 1.27M -531.58k 435.38k -99.03k
Change To Inventory -54.41k -70.09k -19.41k 10.41k
Total Cash From Operating Activities 621.49k 2.51M 4.76M 2.31M
Capital Expenditures -2.79M -731.15k -2.53M -878.4k
Total Cashflows From Investing Activities -2.79M -731.15k -2.53M -4.91M
Net Borrowings 1.9M -744.51k 701.61k 2.84M
Other Cashflows From Financing Activities -1.33M -1.39M -1.44M -111.68k
Total Cash From Financing Activities 564.58k -2.13M -741.8k 2.73M
Change In Cash -1.61M -355.15k 1.49M 127.88k
Dividends Paid - - - -