Livestock Improvement Corporation Limited (NZX:LIC) Annual Report 2021



The latest annual report of Livestock Improvement Corporation Limited (LIC) was published on 31 May 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 - LIC Annual Results

Amounts in NZD

Total Revenue
249.01M
Gross Profit
104.64M
EBIT
31.9M
Net Tangible Assets
248.82M
Net Income
22.94M
Capital Expenditures
-7.84M

LIC Income Statement 2021 Annual Report

As per the latest Income Statement of LIC, the Net revenue increased by $8.08M (3%) compared to the previous period. The operating income in 2021 decreased by $-320000 (-1%). The net income as per the annual report was 22.94M which increased by $5.46M (31%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue249.01M240.93M
Gross Profit104.64M107M
Operating Income31.9M32.22M
Income Before Tax31.01M24.52M
Net Income22.94M17.49M

Balance Sheet - LIC 2021 Annual Report

Read further: LIC Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Livestock Improvement Corporation Limited showed the company increased the cash on balance sheet by $2.33M (14%). The Net tangible assets of LIC on the balance sheet were at 248.82M which is $26.77M (12%) more than previous annual report. The total stockholder equity also increased by $4.26M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash18.82M16.49M
Total Assets382M 379.94M
Long Term Debt--
Total Liabilities87.88M 89.7M
Total Shareholder Equity294.12M289.86M
Net Tangible Assets248.82M222.05M

Cash Flow Statement - LIC 2021 Annual Report

The 2021 annual cash flow statement of Livestock Improvement Corporation Limited showed that the net income increased by $5.46M (31%) compared to previous reporting period. Also the capital expenditure of LIC decreased by $-1.62M (-26%).

As of 2021, the total cash from investing activities was -16.11M and total cash from financing activities was -21.82M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income22.94M17.49M
Capital Expenditures-7.84M-6.23M
Dividends Paid-15.4M-13.12M
Total Cash From From Investing Activities-16.11M-21.4M
Total Cash From From Financing Activities-21.82M-18.7M

Livestock Improvement Corporation Limited Annual Report History

Income Statement

Income Statement history of Livestock Improvement Corporation Limited (NZX:LIC)

31 May 202131 May 202031 May 201931 May 2018
Total Revenue249.01M240.93M246.54M236.42M
Cost Of Revenue144.37M133.94M137.2M134.08M
Gross Profit104.64M107M109.34M102.34M
Research Development17.12M14.84M13.62M13.25M
Selling General Administrative----
Non Recurring----
Other Operating Expenses33.62M33.06M41.65M33.82M
Total Operating Expenses217.11M208.71M219.28M209.44M
Operating Income31.9M32.22M27.26M26.98M
Total Other Income Expense Net-894k-7.7M2.84M-13.33M
Ebit31.9M32.22M27.26M26.98M
Interest Expense-1.38M-484k-336k-1.3M
Income Before Tax31.01M24.52M30.11M13.65M
Income Tax Expense7.4M3.46M7.94M4.39M
Minority Interest-383k249k238k
Net Income From Continuing Ops23.61M21.05M22.17M9.27M
Discontinued Operations-669k-3.57M-3.57M-3.57M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income22.94M17.49M22.17M9.27M
Net Income Applicable To Common Shares22.94M17.49M22.17M9.27M

Balance Sheet Statement

Balance Sheet Statement history of Livestock Improvement Corporation Limited (NZX:LIC)

31 May 202131 May 202031 May 201931 May 2018
Cash18.82M16.49M4.53M2.52M
Net Receivables56.46M56.87M63.94M45.09M
Inventory11.04M13.6M16.36M12.74M
Other Current Assets27.15M754k825k746k
Total Current Assets113.47M87.71M85.65M61.1M
Long Term Investments13.33M13.52M17.54M13.78M
Property Plant Equipment209.9M210.9M203.76M192.84M
Good Will2.33M6.5M6.47M6.51M
Intangible Assets42.97M61.31M67.31M67.5M
Total Assets382M379.94M380.74M341.73M
Other Current Liab30.41M29.33M35.12M25.15M
Other Liab43.04M42.84M49.51M48.58M
Total Current Liabilities33.38M34.1M39.78M51.05M
Total Liab87.88M89.7M89.3M99.62M
Common Stock76.74M78.43M78.43M53.13M
Retained Earnings175.56M170.72M169.76M150.14M
Treasury Stock41.82M40.71M42.99M38.6M
Other Stockholder Equity41.82M40.71M42.99M38.6M
Total Stockholder Equity294.12M289.86M291.19M241.86M
Net Tangible Assets248.82M222.05M217.41M167.85M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Livestock Improvement Corporation Limited (NZX:LIC)

31 May 202131 May 202031 May 201931 May 2018
Net Income22.94M17.49M22.17M9.27M
Depreciation7.97M7.94M7.58M7.99M
Change To Netincome-2.74M4.26M-1.92M-8.63M
Change To Liabilities----
Change To Operating Activities-1.91M2.57M8.11M8.9M
Total Cash From Operating Activities40.46M52.02M55.17M37.83M
Capital Expenditures-7.84M-6.23M-16.18M-16.18M
Other Cashflows From Investing Activities-612k-1.35M-1.64M-6.16M
Total Cashflows From Investing Activities-16.11M-21.4M-36.81M-18.42M
Dividends Paid-15.4M-13.12M-2.44M-1.9M
Net Borrowings-5.08M-5.96M-13.87M-12.47M
Total Cash From Financing Activities-21.82M-18.7M-16.34M-20.4M
Effect Of Exchange Rate-191k37k-4k50k
Change In Cash2.33M11.96M2.01M-937k
Repurchase Of Stock-1.7M-1.7M-1.7M-5.34M
Issuance Of Stock352k386k60k60k