Infratil Limited (NZX:IFT) Annual Report 2022



The latest annual report of Infratil Limited (IFT) was published on 31 Mar 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 - IFT Annual Results

Amounts in NZD

Total Revenue
860.6M
Gross Profit
304.1M
EBIT
-62.7M
Net Tangible Assets
1.79B
Net Income
1.17B
Capital Expenditures
-115.6M

IFT Income Statement 2022 Annual Report

As per the latest Income Statement of IFT, the Net revenue increased by $452.40M (111%) compared to the previous period. The operating income in 2022 increased by $69.70M (53%). The net income as per the annual report was 1.17B which increased by $1.2185B (2477%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 860.6M 408.2M
Gross Profit 304.1M 9.1M
Operating Income -62.7M -132.4M
Income Before Tax 128.5M -111.6M
Net Income 1.17B -49.2M

Balance Sheet - IFT 2022 Annual Report

Read further: IFT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Infratil Limited showed the company increased the cash on balance sheet by $717.20M (536%). The Net tangible assets of IFT on the balance sheet were at 1.79B which is $-31.90M (-2%) less than previous annual report. The total stockholder equity also increased by $1.0699B (40%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 851M 133.8M
Total Assets 9.85B 9.55B
Long Term Debt 2.89B 3.06B
Total Liabilities 4.71B 5.46B
Total Shareholder Equity 3.71B 2.64B
Net Tangible Assets 1.79B 1.82B

Cash Flow Statement - IFT 2022 Annual Report

The 2022 annual cash flow statement of Infratil Limited showed that the net income increased by $1.2185B (2477%) compared to previous reporting period. Also the capital expenditure of IFT increased by $344.20M (75%).

As of 2022, the total cash from investing activities was 164.6M and total cash from financing activities was 122.7M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 1.17B -49.2M
Capital Expenditures -115.6M -459.8M
Dividends Paid -121.8M -117.7M
Total Cash From From Investing Activities 164.6M -1.35B
Total Cash From From Financing Activities 122.7M 940.3M

Infratil Limited Annual Report History

Income Statement

Income Statement history of Infratil Limited (NZX:IFT)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 860.6M 408.2M 1.1B 1.34B
Cost Of Revenue 556.5M 399.1M - -
Gross Profit 304.1M 9.1M 1.1B 1.34B
Research Development - - - -
Selling General Administrative 275.3M 81.1M 88M 90.8M
Non Recurring - - - -
Other Operating Expenses - - 881.5M 905M
Total Operating Expenses 923.3M 540.6M 1.04B 1.16B
Operating Income -62.7M -132.4M 58.4M 177.6M
Total Other Income Expense Net 191.2M 20.8M -43.7M -41.2M
Ebit -62.7M -132.4M 58.4M 177.6M
Interest Expense -165.9M -138.8M -148.1M -155.3M
Income Before Tax 128.5M -111.6M 14.7M 136.4M
Income Tax Expense 22.6M -9.7M 9.5M 72M
Minority Interest 1.43B 1.45B 1.21B 1.1B
Net Income From Continuing Ops 105.9M -101.9M 5.2M 64.4M
Discontinued Operations 1.13B 85.9M 479M -12M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.17B -49.2M 241.2M -19.5M
Net Income Applicable To Common Shares 1.17B -49.2M 241.2M -19.5M

Balance Sheet Statement

Balance Sheet Statement history of Infratil Limited (NZX:IFT)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 851M 133.8M 730.3M 414.3M
Net Receivables 185.5M 333M 184.1M 49.2M
Inventory 2M 1.9M - -
Other Current Assets 260.1M 2.33B 18.9M 539.6M
Total Current Assets 1.3B 2.8B 933.3M 1.18B
Long Term Investments 2.23B 1.69B 2.03B 936.6M
Property Plant Equipment 3.56B 3.35B 4.12B 4.2B
Good Will 1.81B 752.7M 113.1M 113.1M
Intangible Assets 121.3M 74M 35.1M 33.6M
Other Assets 837.3M 880.1M 350.9M 266M
Total Assets 9.85B 9.55B 7.59B 6.73B
Accounts Payable 445.9M 305.8M 227.3M 274.5M
Short Long Term Debt 536.7M 345.9M 159.7M 583.2M
Other Current Liab 108.6M 1B 12.6M 187.7M
Long Term Debt 2.89B 3.06B 3.08B 2.39B
Other Liab 479.2M 547.1M 522.4M 553.7M
Minority Interest 1.43B 1.45B 1.21B 1.1B
Total Current Liabilities 1.11B 1.67B 421.4M 1.05B
Total Liab 4.71B 5.46B 4.25B 3.99B
Common Stock 1.06B 1.05B 754.9M 361.8M
Retained Earnings 2.03B 735.5M 902.4M 702.7M
Treasury Stock 629.4M 859.5M 474.9M 581.5M
Other Stockholder Equity 629.4M 859.5M 474.9M 581.5M
Total Stockholder Equity 3.71B 2.64B 2.13B 1.65B
Net Tangible Assets 1.79B 1.82B 1.98B 1.5B

Cash Flow Statement

Cash Flow Statement history of Infratil Limited (NZX:IFT)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 1.17B -49.2M 241.2M -19.5M
Depreciation 142.7M 127.2M 157.3M 188.2M
Change To Netincome -1.25B -93.1M -250.8M 78.6M
Change To Account Receivables 48.6M -64.5M 24.7M -83.4M
Change To Liabilities -10M -1.3M 51.2M 5.7M
Change To Inventory -200k -200k 1.2M 200k
Change To Operating Activities -42.5M 208.4M -108.9M 129.8M
Total Cash From Operating Activities 82.8M 91.4M 100M 276.9M
Capital Expenditures -115.6M -459.8M -467.7M -258.2M
Investments -225.5M 14M -943.1M -64M
Other Cashflows From Investing Activities 16.4M -91.9M 8.9M -2.7M
Total Cashflows From Investing Activities 164.6M -1.35B -830.2M -429.6M
Dividends Paid -121.8M -117.7M -113.7M -95.1M
Net Borrowings -45.5M 704.6M 856M 351.7M
Other Cashflows From Financing Activities 296.7M 59.3M -108.4M -36.5M
Total Cash From Financing Activities 122.7M 940.3M 1.03B 220.1M
Effect Of Exchange Rate -4.3M 36.9M -10.4M -4M
Change In Cash 717.2M -596.5M 316M 33.8M
Repurchase Of Stock -6.7M -6.7M -3.7M -3.7M