ikeGPS Group Limited (NZX:IKE) Annual Report 2022



The latest annual report of ikeGPS Group Limited (IKE) 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 - IKE Annual Results

Amounts in NZD

Total Revenue
15.96M
Gross Profit
9.89M
EBIT
-9.4M
Net Tangible Assets
33.63M
Net Income
-7.86M
Capital Expenditures
-1.76M

IKE Income Statement 2022 Annual Report

As per the latest Income Statement of IKE, the Net revenue increased by $6.64M (71%) compared to the previous period. The operating income in 2022 decreased by $-1.88M (-25%). The net income as per the annual report was -7.86M which decreased by $-364000 (-5%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue15.96M9.32M
Gross Profit9.89M5.92M
Operating Income-9.4M-7.52M
Income Before Tax-7.86M-7.49M
Net Income-7.86M-7.49M

Balance Sheet - IKE 2022 Annual Report

Read further: IKE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of ikeGPS Group Limited showed the company increased the cash on balance sheet by $13.01M (115%). The Net tangible assets of IKE on the balance sheet were at 33.63M which is $17.27M (106%) more than previous annual report. The total stockholder equity also increased by $17.50M (81%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash24.35M11.34M
Total Assets48.24M 30.71M
Long Term Debt--
Total Liabilities9.04M 9.01M
Total Shareholder Equity39.2M21.7M
Net Tangible Assets33.63M16.36M

Cash Flow Statement - IKE 2022 Annual Report

The 2022 annual cash flow statement of ikeGPS Group Limited showed that the net income decreased by $-364000 (-5%) compared to previous reporting period. Also the capital expenditure of IKE decreased by $-917000 (-109%).

As of 2022, the total cash from investing activities was -3.69M and total cash from financing activities was 22.82M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income-7.86M-7.49M
Capital Expenditures-1.76M-844k
Dividends Paid--
Total Cash From From Investing Activities-3.69M-6.63M
Total Cash From From Financing Activities22.82M18.36M

ikeGPS Group Limited Annual Report History

Income Statement

Income Statement history of ikeGPS Group Limited (NZX:IKE)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue15.96M9.32M9.84M8M
Cost Of Revenue6.08M3.4M2.88M2.65M
Gross Profit9.89M5.92M6.96M5.35M
Research Development5.72M2.31M2.28M3.21M
Selling General Administrative13.63M11.15M9.58M7.31M
Non Recurring----
Other Operating Expenses-65k-16k-1k-102k
Total Operating Expenses25.37M16.84M14.74M13.07M
Operating Income-9.4M-7.52M-4.9M-5.07M
Total Other Income Expense Net1.55M28k-1.12M-22k
Ebit-9.4M-7.52M-4.9M-5.07M
Interest Expense-17k-37k-30k-30k
Income Before Tax-7.86M-7.49M-6.02M-5.09M
Income Tax Expense--17k-4k
Minority Interest----
Net Income From Continuing Ops-7.86M-7.49M-6.04M-5.09M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-7.86M-7.49M-6.04M-5.09M
Net Income Applicable To Common Shares-7.86M-7.49M-6.04M-5.09M

Balance Sheet Statement

Balance Sheet Statement history of ikeGPS Group Limited (NZX:IKE)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash24.35M11.34M4.33M3.48M
Short Term Investments33k---
Net Receivables4.96M2.63M1.58M1.37M
Inventory1M798k876k1.69M
Other Current Assets191k---
Total Current Assets31.82M15.02M7.46M6.83M
Property Plant Equipment2.01M1.49M1.89M944k
Good Will3.31M3.28M--
Intangible Assets2.26M2.05M915k-
Other Assets8.83M8.86M6.09M3.62M
Total Assets48.24M30.71M16.35M11.39M
Accounts Payable1.12M591k469k252k
Other Current Liab5.58M6.03M3.09M1.25M
Other Liab106k176k589k55k
Deferred Long Term Liab8.56M8.51M5.55M3.6M
Total Current Liabilities8.93M8.66M4.98M1.98M
Total Liab9.04M9.01M6.05M2.03M
Common Stock104.75M80.93M61.5M55.13M
Retained Earnings-67.67M-59.82M-52.33M-45.85M
Treasury Stock2.13M587k1.13M77k
Other Stockholder Equity2.13M587k1.13M77k
Total Stockholder Equity39.2M21.7M10.31M9.36M
Net Tangible Assets33.63M16.36M9.39M9.36M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of ikeGPS Group Limited (NZX:IKE)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income-7.86M-7.49M-6.04M-5.09M
Depreciation1.12M1.05M729k365k
Change To Netincome665k2.06M2.13M218k
Change To Account Receivables-2.4M-1.06M-524k-65k
Change To Liabilities2M-59k1.48M187k
Change To Inventory-248k260k134k-470k
Change To Operating Activities-1.22M860k99k-157k
Total Cash From Operating Activities-6.6M-3.54M-1.1M-4.04M
Capital Expenditures-1.76M-844k-781k-477k
Investments-106k-106k-106k-106k
Total Cashflows From Investing Activities-3.69M-6.63M-4.04M-1.05M
Net Borrowings-308k-271k-161k-161k
Total Cash From Financing Activities22.82M18.36M5.79M5.87M
Effect Of Exchange Rate480k-1.17M211k104k
Change In Cash13.01M7.01M852k889k
Issuance Of Stock23.13M18.63M6.51M6.25M
Dividends Paid----