Heartland Group Holdings Limited (NZX:HGH) Annual Report 2021



The latest annual report of Heartland Group Holdings Limited (HGH) 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 - HGH Annual Results

Amounts in NZD

Total Revenue
236.21M
Gross Profit
236.21M
EBIT
-
Net Tangible Assets
692.53M
Net Income
87.03M
Capital Expenditures
-7.56M

HGH Income Statement 2021 Annual Report

As per the latest Income Statement of HGH, the Net revenue increased by $30.29M (15%) compared to the previous period. The operating income in 2021 increased by $24.27M (23%). The net income as per the annual report was 87.03M which increased by $15.05M (21%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue236.21M205.93M
Gross Profit236.21M205.93M
Operating Income127.86M103.59M
Income Before Tax118.56M99.13M
Net Income87.03M71.97M

Balance Sheet - HGH 2021 Annual Report

Read further: HGH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Heartland Group Holdings Limited showed the company increased the cash on balance sheet by $31.60M (22%). The Net tangible assets of HGH on the balance sheet were at 692.53M which is $65.36M (10%) more than previous annual report. The total stockholder equity also increased by $61.71M (9%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash173.29M141.69M
Total Assets5.68B 5.32B
Long Term Debt1.63B1.27B
Total Liabilities4.92B 4.62B
Total Shareholder Equity761.69M699.98M
Net Tangible Assets692.53M627.17M

Cash Flow Statement - HGH 2021 Annual Report

The 2021 annual cash flow statement of Heartland Group Holdings Limited showed that the net income increased by $15.05M (21%) compared to previous reporting period. Also the capital expenditure of HGH decreased by $-823000 (-12%).

As of 2021, the total cash from investing activities was 15.71M and total cash from financing activities was 284.31M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income87.03M71.97M
Capital Expenditures-7.56M-6.74M
Dividends Paid-30.34M-46.1M
Total Cash From From Investing Activities15.71M-52.18M
Total Cash From From Financing Activities284.31M255.61M

Heartland Group Holdings Limited Annual Report History

Income Statement

Income Statement history of Heartland Group Holdings Limited (NZX:HGH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue236.21M205.93M187.31M174.73M
Cost Of Revenue----
Gross Profit236.21M205.93M187.31M174.73M
Research Development----
Selling General Administrative91.75M86.54M67.69M53.09M
Non Recurring----
Other Operating Expenses14.8M14.97M13.52M23.42M
Total Operating Expenses108.35M102.34M81.91M77.18M
Operating Income127.86M103.59M105.41M97.55M
Total Other Income Expense Net-9.31M-4.46M-3.89M-3.25M
Ebit----
Interest Expense----
Income Before Tax118.56M99.13M101.51M94.29M
Income Tax Expense31.53M27.16M27.9M26.78M
Minority Interest----
Net Income From Continuing Ops87.03M71.97M73.62M67.51M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income87.03M71.97M73.62M67.51M
Net Income Applicable To Common Shares87.03M71.97M73.62M67.51M

Balance Sheet Statement

Balance Sheet Statement history of Heartland Group Holdings Limited (NZX:HGH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash173.29M141.69M73.94M45.96M
Short Term Investments351.61M366.29M246.72M-
Net Receivables3.46M4.55M11.34M3.17M
Other Current Assets9.64M5.49M555k3.62M
Total Current Assets576.51M556.45M365.14M55.94M
Long Term Investments5.54M30.72M95.77M340.55M
Property Plant Equipment35.91M46.12M25.73M26.51M
Good Will45.14M45.14M45.14M45.14M
Intangible Assets24.02M27.67M26.78M29.26M
Other Assets4.99B4.61B4.37B4B
Deferred Long Term Asset Charges14.12M17.12M9.53M5.32M
Total Assets5.68B5.32B4.93B4.5B
Accounts Payable3.19B3.28B3.16B2.89B
Other Current Liab11.53M12.3M7.53M11.46M
Long Term Debt1.63B1.27B1.06B914.25M
Total Current Liabilities3.27B3.33B3.2B2.92B
Total Liab4.92B4.62B4.25B3.83B
Common Stock583.78M576.26M558.97M542.32M
Retained Earnings178.39M129.22M121M117.26M
Treasury Stock-477k-5.5M-4.3M4.58M
Other Stockholder Equity-477k-5.5M-4.3M4.58M
Total Stockholder Equity761.69M699.98M675.67M664.16M
Net Tangible Assets692.53M627.17M603.74M589.76M

Cash Flow Statement

Cash Flow Statement history of Heartland Group Holdings Limited (NZX:HGH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income87.03M71.97M73.62M67.51M
Depreciation8.11M8.34M5.23M5.16M
Change To Netincome-82.41M-47.62M-60.84M-4.31M
Change To Liabilities3.01M-7.59M-4.21M2.53M
Change To Operating Activities-285.04M-165.07M-338.49M-434.66M
Total Cash From Operating Activities-264.87M-130.74M-324.72M-358.91M
Capital Expenditures-7.56M-6.74M-4.51M-8.84M
Investments23.28M-45.56M-11.23M-22.81M
Total Cashflows From Investing Activities15.71M-52.18M-15.74M-35.93M
Dividends Paid-30.34M-46.1M-36.27M-35.15M
Net Borrowings389.25M190.74M136.46M56.49M
Other Cashflows From Financing Activities-74.61M110.97M270.21M306.82M
Total Cash From Financing Activities284.31M255.61M370.41M387.39M
Change In Cash35.15M72.68M29.95M-7.45M