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
17.7M
Gross Profit
4.85M
EBIT
-1.78M
Net Tangible Assets
-28.45M
Net Income
-6.6M
Capital Expenditures
-2.79M

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 $-4.46M (-167%). 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)

20222021
Total Revenue17.7M23.48M
Gross Profit4.85M9.78M
Operating Income-1.78M2.68M
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 $-1.75M (-68%). 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)

20222021
Cash832.74k2.58M
Total Assets45.04M 46.1M
Long Term Debt-26.86M
Total Liabilities50.37M 44.83M
Total Shareholder Equity-5.33M1.27M
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)

20222021
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 Activities564.58k-2.13M

Good Spirits Hospitality Limited Annual Report History

Income Statement

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

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Total Revenue17.7M23.48M23.64M25.43M
Cost Of Revenue12.85M13.7M13.59M12.93M
Gross Profit4.85M9.78M10.04M12.5M
Research Development----
Selling General Administrative819.91k1.1M1M1.18M
Non Recurring----
Other Operating Expenses3.47M3.82M4.06M6.05M
Total Operating Expenses19.48M20.8M20.93M20.69M
Operating Income-1.78M2.68M2.71M4.74M
Total Other Income Expense Net-5.21M-8.5M-8.91M-3.81M
Ebit-1.78M2.68M2.71M4.74M
Interest Expense-4.75M-3.91M-4.71M-3.09M
Income Before Tax-6.99M-5.82M-6.2M929.99k
Income Tax Expense-387.58k13.26k-363.48k721.62k
Minority Interest----
Net Income From Continuing Ops-6.6M-5.84M-5.83M208.37k
Discontinued Operations----23.11k
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-6.6M-5.84M-5.83M185.26k
Net Income Applicable To Common Shares-6.6M-5.84M-5.83M185.26k

Balance Sheet Statement

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

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Cash832.74k2.58M2.8M1.3M
Net Receivables230.49k258.17k118.95k75.24k
Inventory509.48k455.07k384.98k365.57k
Other Current Assets416.65k266.25k266.25k265.63k
Total Current Assets2.29M3.82M3.89M2.31M
Property Plant Equipment18.22M17.52M18.65M3.63M
Good Will23.12M23.74M28.89M33.75M
Other Assets1.4M1.02M1.03M668.47k
Deferred Long Term Asset Charges1.4M1.02M1.03M668.47k
Total Assets45.04M46.1M52.47M40.36M
Accounts Payable2.53M1.79M2.05M2.23M
Short Long Term Debt31.56M-715.19k791.57k
Other Current Liab103.3k110.12k-1
Other Liab1.71M1M809.26k1.04M
Total Current Liabilities35.77M3.89M4.96M3.65M
Total Liab50.37M44.83M45.63M27.68M
Common Stock35.18M35.18M34.9M34.14M
Retained Earnings-40.51M-33.91M-28.07M-22.23M
Total Stockholder Equity-5.33M1.27M6.84M12.68M
Net Tangible Assets-28.45M-22.47M-22.06M-21.07M
Long Term Debt-26.86M26.53M22.99M

Cash Flow Statement

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

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Net Income-6.6M-5.84M-5.83M185.26k
Depreciation2.34M2.18M2.27M538.97k
Change To Netincome3.69M6.97M8.34M1.12M
Change To Account Receivables-18.11k-79.16k-58.99k-163.77k
Change To Liabilities1.27M-531.58k435.38k-99.03k
Change To Inventory-54.41k-70.09k-19.41k10.41k
Total Cash From Operating Activities621.49k2.65M4.76M2.31M
Capital Expenditures-2.79M-731.15k-2.53M-878.4k
Total Cashflows From Investing Activities-2.79M-731.15k-2.53M-4.91M
Net Borrowings1.9M-744.51k701.61k2.84M
Other Cashflows From Financing Activities-1.33M-1.39M-1.44M-111.68k
Total Cash From Financing Activities564.58k-2.13M-741.8k2.73M
Change In Cash-1.61M-217.75k1.49M127.88k
Dividends Paid----