Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) Annual Report 2021



The latest annual report of Millennium & Copthorne Hotels New Zealand Limited (MCK) was published on 31 Dec 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 - MCK Annual Results

Amounts in NZD

Total Revenue
164.77M
Gross Profit
86.26M
EBIT
48.54M
Net Tangible Assets
514.19M
Net Income
40.05M
Capital Expenditures
-3.98M

MCK Income Statement 2021 Annual Report

As per the latest Income Statement of MCK, the Net revenue decreased by $-7.21M (-4%) compared to the previous period. The operating income in 2021 decreased by $-4.51M (-9%). The net income as per the annual report was 40.05M which decreased by $-8.43M (-17%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue164.77M171.98M
Gross Profit86.26M92.17M
Operating Income48.54M53.05M
Income Before Tax64.59M54.42M
Net Income40.05M48.48M

Balance Sheet - MCK 2021 Annual Report

Read further: MCK Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Millennium & Copthorne Hotels New Zealand Limited showed the company increased the cash on balance sheet by $37.38M (180%). The Net tangible assets of MCK on the balance sheet were at 514.19M which is $39.52M (8%) more than previous annual report. The total stockholder equity also increased by $39.52M (8%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash58.14M20.77M
Total Assets680.8M 664.15M
Long Term Debt-38M
Total Liabilities63M 94.17M
Total Shareholder Equity514.19M474.67M
Net Tangible Assets514.19M474.67M

Cash Flow Statement - MCK 2021 Annual Report

The 2021 annual cash flow statement of Millennium & Copthorne Hotels New Zealand Limited showed that the net income decreased by $-8.43M (-17%) compared to previous reporting period. Also the capital expenditure of MCK increased by $1.98M (33%).

As of 2021, the total cash from investing activities was 49.73M and total cash from financing activities was -42.49M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income40.05M48.48M
Capital Expenditures-3.98M-5.96M
Dividends Paid--11.87M
Total Cash From From Investing Activities49.73M-64.4M
Total Cash From From Financing Activities-42.49M-46.11M

Millennium & Copthorne Hotels New Zealand Limited Annual Report History

Income Statement

Income Statement history of Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue164.77M171.98M229.67M218.84M
Cost Of Revenue78.51M79.81M97.63M89M
Gross Profit86.26M92.17M132.04M129.83M
Research Development----
Selling General Administrative19.97M20.59M24.56M24.83M
Non Recurring----
Other Operating Expenses17.75M18.53M23.25M21.92M
Total Operating Expenses116.24M118.94M145.43M135.76M
Operating Income48.54M53.05M84.24M83.08M
Total Other Income Expense Net16.06M1.37M1.17M2.02M
Ebit48.54M53.05M84.24M83.08M
Interest Expense-1.26M-2.01M-2.65M-1.74M
Income Before Tax64.59M54.42M85.4M85.1M
Income Tax Expense13.87M-4.41M23.13M23.15M
Minority Interest103.61M95.31M91.75M83.61M
Net Income From Continuing Ops50.72M58.82M62.27M61.96M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income40.05M48.48M49.66M49.38M
Net Income Applicable To Common Shares40.05M48.48M49.66M49.38M

Balance Sheet Statement

Balance Sheet Statement history of Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash58.14M20.77M43.18M14.44M
Short Term Investments121.5M177.27M122.05M108.29M
Net Receivables15.43M12.17M21.14M21.52M
Inventory28.1M43.69M53.5M58.71M
Total Current Assets223.17M256.03M239.87M202.95M
Long Term Investments2k2k2k2k
Property Plant Equipment245.78M247.91M591.75M532.12M
Other Assets211.84M160.21M176.58M163.11M
Total Assets680.8M664.15M1.01B898.18M
Accounts Payable5.23M1.69M2.49M2.9M
Short Long Term Debt1M---
Other Current Liab20.87M21.12M23.29M24.83M
Other Liab9.3M9.33M84.97M75.84M
Minority Interest103.61M95.31M91.75M83.61M
Total Current Liabilities37.84M32.83M34.86M34.47M
Total Liab63M94.17M201.2M174.31M
Common Stock383.27M383.27M383.27M383.27M
Retained Earnings132.97M93.13M60.84M23.04M
Treasury Stock-2.05M-1.73M271.15M233.95M
Other Stockholder Equity-2.02M-1.7M271.18M233.98M
Total Stockholder Equity514.19M474.67M715.25M640.26M
Net Tangible Assets514.19M474.67M715.25M640.26M
Long Term Debt-38M67M64M

Cash Flow Statement

Cash Flow Statement history of Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income40.05M48.48M49.66M49.38M
Depreciation8.38M9.13M9.72M8.19M
Change To Netincome-6.64M-13.16M10.18M13.94M
Change To Account Receivables-3.26M8.97M-1.27M-3.79M
Change To Liabilities7.2M1.67M2.02M4.45M
Change To Inventory-16.19M30.56M-8.46M-42.86M
Change To Operating Activities-513k436k1.69M383k
Total Cash From Operating Activities29.02M86.1M63.54M29.69M
Capital Expenditures-3.98M-5.96M-6.92M-11.88M
Investments55.78M-55.23M-13.76M-19.4M
Total Cashflows From Investing Activities49.73M-64.4M-20.56M-33.73M
Net Borrowings-38.58M-30.43M1.61M-2M
Other Cashflows From Financing Activities-3.91M-3.81M-4.3M-4.23M
Total Cash From Financing Activities-42.49M-46.11M-14.55M-15.72M
Effect Of Exchange Rate1.12M2M326k8k
Change In Cash37.38M-22.42M28.75M-19.76M
Dividends Paid--11.87M-11.87M-9.49M