Meridian Energy Limited (NZX:MEL) Annual Report 2021



The latest annual report of Meridian Energy Limited (MEL) was published on 30 Jun 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 - MEL Annual Results

Amounts in NZD

Total Revenue
4.3B
Gross Profit
729M
EBIT
595M
Net Tangible Assets
5.14B
Net Income
428M
Capital Expenditures
-76M

MEL Income Statement 2021 Annual Report

As per the latest Income Statement of MEL, the Net revenue increased by $891.00M (26%) compared to the previous period. The operating income in 2021 increased by $167.00M (39%). The net income as per the annual report was 428M which increased by $253.00M (145%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue4.3B3.4B
Gross Profit729M853M
Operating Income595M428M
Income Before Tax595M238M
Net Income428M175M

Balance Sheet - MEL 2021 Annual Report

Read further: MEL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Meridian Energy Limited showed the company reduced the cash on balance sheet by $-28.00M (-16%). The Net tangible assets of MEL on the balance sheet were at 5.14B which is $122.00M (2%) more than previous annual report. The total stockholder equity also increased by $142.00M (3%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash148M176M
Total Assets9.86B 9.62B
Long Term Debt1.3B1.6B
Total Liabilities4.63B 4.54B
Total Shareholder Equity5.22B5.08B
Net Tangible Assets5.14B5.02B

Cash Flow Statement - MEL 2021 Annual Report

The 2021 annual cash flow statement of Meridian Energy Limited showed that the net income increased by $253.00M (145%) compared to previous reporting period. Also the capital expenditure of MEL decreased by $-33.00M (-77%).

As of 2021, the total cash from investing activities was -114M and total cash from financing activities was -345M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income428M175M
Capital Expenditures-76M-43M
Dividends Paid-433M-420M
Total Cash From From Investing Activities-114M-64M
Total Cash From From Financing Activities-345M-443M

Meridian Energy Limited Annual Report History

Income Statement

Income Statement history of Meridian Energy Limited (NZX:MEL)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue4.3B3.4B3.49B2.76B
Cost Of Revenue3.57B2.55B2.65B2.09B
Gross Profit729M853M838M672M
Research Development----
Selling General Administrative---6M
Non Recurring----
Other Operating Expenses-169M113M-58M22M
Total Operating Expenses3.7B2.98B2.87B2.39B
Operating Income595M428M620M376M
Total Other Income Expense Net--190M-148M-80M
Ebit595M428M620M376M
Interest Expense-5M-133M-147M-85M
Income Before Tax595M238M472M296M
Income Tax Expense167M63M133M95M
Minority Interest----
Net Income From Continuing Ops428M175M339M201M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income428M175M339M201M
Net Income Applicable To Common Shares428M175M339M201M

Balance Sheet Statement

Balance Sheet Statement history of Meridian Energy Limited (NZX:MEL)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash148M176M78M60M
Net Receivables516M347M312M280M
Other Current Assets253M142M152M109M
Total Current Assets917M665M542M449M
Property Plant Equipment8.6B8.59B8.82B7.94B
Good Will5M5M--
Intangible Assets79M59M59M60M
Other Assets257M299M231M182M
Deferred Long Term Asset Charges35M34M40M46M
Total Assets9.86B9.62B9.66B8.63B
Short Long Term Debt378M88M167M450M
Other Current Liab700M529M435M376M
Long Term Debt1.3B1.6B1.3B1.02B
Other Liab2.13B2.19B2.25B1.9B
Total Current Liabilities1.11B648M620M843M
Total Liab4.63B4.54B4.2B3.81B
Common Stock1.6B1.6B1.6B1.6B
Retained Earnings-1.55B-1.54B-1.17B-1.01B
Treasury Stock5.17B5.02B5.03B4.23B
Other Stockholder Equity5.18B5.03B5.03B4.24B
Total Stockholder Equity5.22B5.08B5.46B4.82B
Net Tangible Assets5.14B5.02B5.4B4.76B

Cash Flow Statement

Cash Flow Statement history of Meridian Energy Limited (NZX:MEL)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income428M175M339M201M
Depreciation285M288M250M247M
Change To Netincome-243M93M-39M-18M
Change To Account Receivables-169M-34M-32M-2M
Change To Liabilities214M75M39M-14M
Change To Operating Activities-60M-15M15M-21M
Total Cash From Operating Activities431M605M635M427M
Capital Expenditures-76M-43M-45M-33M
Total Cashflows From Investing Activities-114M-64M-69M-224M
Dividends Paid-433M-420M-437M-423M
Net Borrowings91M105M-46M261M
Total Cash From Financing Activities-345M-443M-546M-225M
Change In Cash-28M98M18M-20M
Repurchase Of Stock-3M-2M-2M-2M