Harmoney Corp Limited (NZX:HMY) Annual Report 2021

The latest annual report of Harmoney Corp Limited (HMY) 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 - HMY Annual Results

^{Amounts in NZD}

Total Revenue

15.52M

Gross Profit

11.51M

EBIT

Net Tangible Assets

72.24M

Net Income

-27.03M

Capital Expenditures

-3.69M

HMY Income Statement 2021 Annual Report

As per the latest Income Statement of HMY, the Net revenue decreased by $-1.24M (-7%) compared to the previous period. The operating income in 2021 decreased by $-13.41M (-83%). The net income as per the annual report was -27.03M which decreased by $-14.74M (-120%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	15.52M	16.76M
Gross Profit	11.51M	13.41M
Operating Income	-29.63M	-16.22M
Income Before Tax	-29.32M	-15.99M
Net Income	-27.03M	-12.3M

Balance Sheet - HMY 2021 Annual Report

Read further: HMY Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Harmoney Corp Limited showed the company increased the cash on balance sheet by $41.69M (120%). The Net tangible assets of HMY on the balance sheet were at 72.24M which is $43.35M (150%) more than previous annual report. The total stockholder equity also increased by $46.81M (162%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	76.46M	34.78M
Total Assets	388.77M	180.22M
Long Term Debt	291.54M	132.63M
Total Liabilities	313.07M	151.34M
Total Shareholder Equity	75.69M	28.89M
Net Tangible Assets	72.24M	28.89M

Cash Flow Statement - HMY 2021 Annual Report

The 2021 annual cash flow statement of Harmoney Corp Limited showed that the net income decreased by $-14.74M (-120%) compared to previous reporting period. Also the capital expenditure of HMY decreased by $-3.67M (-13892%).

As of 2021, the total cash from investing activities was -183.74M and total cash from financing activities was 226.11M.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	-27.03M	-12.3M
Capital Expenditures	-3.69M	-26.4k
Dividends Paid	-	-
Total Cash From From Investing Activities	-183.74M	-79.39M
Total Cash From From Financing Activities	226.11M	94.64M

Harmoney Corp Limited Annual Report History

Income Statement

Income Statement history of Harmoney Corp Limited (NZX:HMY)

	30 Jun 2021	30 Jun 2020	31 Mar 2019	31 Mar 2018
Total Revenue	15.52M	16.76M	30.66M	24.69M
Cost Of Revenue	4.01M	3.35M	-	-
Gross Profit	11.51M	13.41M	30.66M	24.69M
Research Development	-	-	-	-
Selling General Administrative	40.7M	30.17M	32.29M	28.07M
Non Recurring	-	-	-	-
Other Operating Expenses	-605.99k	-1.32M	-1.4M	-1.54M
Total Operating Expenses	45.14M	32.98M	30.89M	26.52M
Operating Income	-29.63M	-16.22M	-233k	-1.83M
Total Other Income Expense Net	305.01k	229.54k	-	-
Ebit	-	-	-	-
Interest Expense	-	-	-	-
Income Before Tax	-29.32M	-15.99M	-233k	-1.83M
Income Tax Expense	-2.29M	-3.69M	-7.45M	-
Minority Interest	-	-	-	-
Net Income From Continuing Ops	-27.03M	-12.3M	7.22M	-1.83M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	-27.03M	-12.3M	7.22M	-1.83M
Net Income Applicable To Common Shares	-27.03M	-12.3M	7.22M	-1.83M

Balance Sheet Statement

Balance Sheet Statement history of Harmoney Corp Limited (NZX:HMY)

	30 Jun 2021	30 Jun 2020	31 Mar 2019	31 Mar 2018
Cash	76.46M	34.78M	6.21M	7.66M
Net Receivables	296.06M	134.12M	48.58M	1.16M
Other Current Assets	654k	327k	5.4M	682k
Total Current Assets	373.18M	169.22M	60.19M	9.5M
Property Plant Equipment	642k	1.45M	147k	172k
Intangible Assets	3.46M	-	8k	54k
Other Assets	11.49M	9.55M	5.17M	-
Deferred Long Term Asset Charges	11.49M	9.55M	5.17M	-
Total Assets	388.77M	180.22M	65.51M	9.72M
Accounts Payable	954k	531k	1.16M	610k
Long Term Debt	291.54M	132.63M	-	-
Other Liab	497k	1.27M	1.21M	1.24M
Total Current Liabilities	21.03M	16.71M	43M	3.05M
Total Liab	313.07M	151.34M	44.21M	4.29M
Common Stock	131.4M	56.69M	33.09M	32.81M
Retained Earnings	-56.4M	-29.37M	-13.99M	-28.74M
Treasury Stock	695k	1.56M	2.19M	1.36M
Other Stockholder Equity	695k	1.56M	2.19M	1.36M
Total Stockholder Equity	75.69M	28.89M	21.29M	5.44M
Net Tangible Assets	72.24M	28.89M	21.28M	5.38M

Cash Flow Statement

Cash Flow Statement history of Harmoney Corp Limited (NZX:HMY)

	30 Jun 2021	30 Jun 2020	31 Mar 2019	31 Mar 2018
Net Income	-27.03M	-12.3M	7.22M	-1.83M
Depreciation	819k	41.6k	96k	270k
Change To Netincome	18.97M	8.2M	-4.24M	1.22M
Change To Account Receivables	3.33M	5.99M	5.99M	5.99M
Change To Liabilities	2.47M	-1.84M	-	-
Change To Operating Activities	-369k	4.83M	4.83M	4.83M
Total Cash From Operating Activities	-1.59M	4.94M	3.08M	-341k
Capital Expenditures	-3.69M	-26.4k	-24k	-97k
Other Cashflows From Investing Activities	-180.04M	-79.37M	-41.51M	-41.51M
Total Cashflows From Investing Activities	-183.74M	-79.39M	-41.54M	-97k
Net Borrowings	158.56M	75.87M	37M	37M
Total Cash From Financing Activities	226.11M	94.64M	37M	37M
Effect Of Exchange Rate	897k	11.2k	12k	-74k
Change In Cash	41.69M	20.2M	-1.45M	-512k
Issuance Of Stock	67.55M	18.78M	18.78M	18.78M
Dividends Paid	-	-	-	-