Mercury NZ Limited (NZX:MCY) Annual Report 2022



The latest annual report of Mercury NZ Limited (MCY) was published on 30 Jun 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 - MCY Annual Results

Amounts in NZD

Total Revenue
2.19B
Gross Profit
581M
EBIT
288M
Net Tangible Assets
4.67B
Net Income
469M
Capital Expenditures
-114M

MCY Income Statement 2022 Annual Report

As per the latest Income Statement of MCY, the Net revenue increased by $143.00M (7%) compared to the previous period. The operating income in 2022 increased by $46.00M (19%). The net income as per the annual report was 469M which increased by $328.00M (233%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 2.19B 2.04B
Gross Profit 581M 463M
Operating Income 288M 242M
Income Before Tax 510M 173M
Net Income 469M 141M

Balance Sheet - MCY 2022 Annual Report

Read further: MCY Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Mercury NZ Limited showed the company reduced the cash on balance sheet by $-98.00M (-60%). The Net tangible assets of MCY on the balance sheet were at 4.67B which is $531.00M (13%) more than previous annual report. The total stockholder equity also increased by $566.00M (14%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 65M 163M
Total Assets 9.66B 7.98B
Long Term Debt 1.4B 1.04B
Total Liabilities 4.91B 3.79B
Total Shareholder Equity 4.75B 4.19B
Net Tangible Assets 4.67B 4.14B

Cash Flow Statement - MCY 2022 Annual Report

The 2022 annual cash flow statement of Mercury NZ Limited showed that the net income increased by $328.00M (233%) compared to previous reporting period. Also the capital expenditure of MCY increased by $140.00M (55%).

As of 2022, the total cash from investing activities was -534M and total cash from financing activities was 84M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 469M 141M
Capital Expenditures -114M -254M
Dividends Paid -232M -221M
Total Cash From From Investing Activities -534M -296M
Total Cash From From Financing Activities 84M 42M

Mercury NZ Limited Annual Report History

Income Statement

Income Statement history of Mercury NZ Limited (NZX:MCY)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 2.19B 2.04B 1.77B 2B
Cost Of Revenue 1.61B 1.58B 1.28B 1.5B
Gross Profit 581M 463M 490M 506M
Research Development - - - -
Selling General Administrative - - - -
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 1.9B 1.8B 1.49B 1.7B
Operating Income 288M 242M 283M 302M
Total Other Income Expense Net 222M -69M -32M 128M
Ebit 288M 242M 283M 302M
Interest Expense -64M -45M -55M -76M
Income Before Tax 510M 173M 251M 430M
Income Tax Expense 41M 32M 42M 73M
Minority Interest - - - -
Net Income From Continuing Ops 469M 141M 209M 357M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 469M 141M 209M 357M
Net Income Applicable To Common Shares 469M 141M 209M 357M

Balance Sheet Statement

Balance Sheet Statement history of Mercury NZ Limited (NZX:MCY)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 65M 163M 79M 94M
Net Receivables 509M 320M 246M 250M
Inventory 94M 24M 22M 23M
Other Current Assets 296M 351M 67M 43M
Total Current Assets 996M 875M 473M 426M
Long Term Investments 97M 102M 367M 357M
Property Plant Equipment 8.08B 6.83B 5.9B 5.53B
Intangible Assets 82M 47M 47M 62M
Other Assets 405M 126M 92M 111M
Total Assets 9.66B 7.98B 6.88B 6.48B
Short Long Term Debt 586M 491M 468M 542M
Other Current Liab 674M 562M 403M 275M
Long Term Debt 1.4B 1.04B 882M 718M
Other Liab 2.13B 1.63B 1.32B 1.34B
Total Current Liabilities 1.27B 1.06B 875M 821M
Total Liab 4.91B 3.79B 3.14B 2.95B
Common Stock 378M 378M 378M 378M
Retained Earnings 516M 214M 286M 300M
Treasury Stock 3.86B 3.59B 3.07B 2.86B
Other Stockholder Equity 3.91B 3.69B 3.17B 2.96B
Total Stockholder Equity 4.75B 4.19B 3.73B 3.54B
Net Tangible Assets 4.67B 4.14B 3.69B 3.48B

Cash Flow Statement

Cash Flow Statement history of Mercury NZ Limited (NZX:MCY)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 469M 141M 209M 357M
Depreciation 273M 204M 188M 182M
Change To Netincome -226M -226M -33M -194M
Change To Account Receivables -141M -32M -15M -26M
Change To Liabilities 11M 42M -31M -17M
Change To Inventory -67M -2M 1M 4M
Total Cash From Operating Activities 352M 338M 352M 326M
Capital Expenditures -114M -254M -195M -93M
Investments 10M 61M 4M -50M
Other Cashflows From Investing Activities 91M -70M 21M -35M
Total Cashflows From Investing Activities -534M -296M -194M 63M
Dividends Paid -232M -221M -214M -208M
Net Borrowings 223M 263M 41M -127M
Total Cash From Financing Activities 84M 42M -173M -335M
Change In Cash -98M 84M -15M 89M
Issuance Of Stock 93M 93M 93M 93M