Mainfreight Limited (NZX:MFT) Annual Report 2021



The latest annual report of Mainfreight Limited (MFT) was published on 31 Mar 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 - MFT Annual Results

Amounts in NZD

Total Revenue
3.54B
Gross Profit
678.34M
EBIT
284.11M
Net Tangible Assets
851.3M
Net Income
188.11M
Capital Expenditures
-104.05M

MFT Income Statement 2021 Annual Report

As per the latest Income Statement of MFT, the Net revenue increased by $448.80M (15%) compared to the previous period. The operating income in 2021 increased by $55.17M (24%). The net income as per the annual report was 188.11M which increased by $28.91M (18%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue3.54B3.09B
Gross Profit678.34M621.17M
Operating Income284.11M228.94M
Income Before Tax262.41M201.47M
Net Income188.11M159.2M

Balance Sheet - MFT 2021 Annual Report

Read further: MFT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Mainfreight Limited showed the company increased the cash on balance sheet by $23.41M (20%). The Net tangible assets of MFT on the balance sheet were at 851.3M which is $169.65M (25%) more than previous annual report. The total stockholder equity also increased by $148.71M (15%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash139.56M116.14M
Total Assets2.49B 2.3B
Long Term Debt210M267.7M
Total Liabilities1.37B 1.34B
Total Shareholder Equity1.12B966.34M
Net Tangible Assets851.3M681.65M

Cash Flow Statement - MFT 2021 Annual Report

The 2021 annual cash flow statement of Mainfreight Limited showed that the net income increased by $28.91M (18%) compared to previous reporting period. Also the capital expenditure of MFT increased by $39.24M (27%).

As of 2021, the total cash from investing activities was -118.55M and total cash from financing activities was -227.59M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income188.11M159.2M
Capital Expenditures-104.05M-143.29M
Dividends Paid-64.45M-59.41M
Total Cash From From Investing Activities-118.55M-155.03M
Total Cash From From Financing Activities-227.59M-151.92M

Mainfreight Limited Annual Report History

Income Statement

Income Statement history of Mainfreight Limited (NZX:MFT)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue3.54B3.09B2.95B2.62B
Cost Of Revenue2.87B2.47B2.51B2.22B
Gross Profit678.34M621.17M448.07M399.06M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses211.84M222.5M191.02M183.94M
Total Operating Expenses3.26B2.87B2.75B2.45B
Operating Income284.11M228.94M203.94M167.33M
Total Other Income Expense Net-21.7M-27.47M-11.83M-14.28M
Ebit284.11M228.94M203.94M167.33M
Interest Expense-22.01M-23.35M-7.54M-7.57M
Income Before Tax262.41M201.47M192.11M153.05M
Income Tax Expense74.3M42.27M54.48M45.37M
Minority Interest----
Net Income From Continuing Ops188.11M159.2M137.62M107.68M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income188.11M159.2M137.62M107.68M
Net Income Applicable To Common Shares188.11M159.2M137.62M107.68M

Balance Sheet Statement

Balance Sheet Statement history of Mainfreight Limited (NZX:MFT)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash139.56M116.14M115.18M80.52M
Net Receivables489.5M423.78M389.58M362.01M
Total Current Assets718.58M613.04M560.06M511.19M
Property Plant Equipment1.49B1.39B666.63M582.31M
Good Will208.63M226.57M208.52M207.92M
Intangible Assets55.12M58.12M61.44M66.4M
Other Assets18.46M15.04M6.23M8.88M
Deferred Long Term Asset Charges18.46M15.04M6.23M8.88M
Total Assets2.49B2.3B1.5B1.38B
Accounts Payable412.83M339.56M314.93M298.92M
Other Current Liab30.34M19.21M18.87M12.32M
Long Term Debt210M267.7M238.65M270.75M
Other Liab9.49M9.54M22.29M25.16M
Total Current Liabilities662.52M555.2M398.88M366.73M
Total Liab1.37B1.34B664.57M667.14M
Common Stock85.82M85.82M85.82M85.82M
Retained Earnings897.38M773.72M673.93M583.36M
Treasury Stock131.84M106.8M78.56M40.38M
Other Stockholder Equity131.84M106.8M78.56M40.38M
Total Stockholder Equity1.12B966.34M838.32M709.56M
Net Tangible Assets851.3M681.65M568.35M435.24M

Cash Flow Statement

Cash Flow Statement history of Mainfreight Limited (NZX:MFT)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income188.11M159.2M137.62M107.68M
Depreciation165.73M154.2M39.08M35.65M
Change To Netincome-4.11M-22.38M367k-2.65M
Change To Account Receivables-68.41M-31.46M-27.64M-46.85M
Change To Liabilities95.87M36.3M28.51M46.01M
Change To Operating Activities-26M-8.18M2.95M-11.41M
Total Cash From Operating Activities376.28M300.8M197.42M140.24M
Capital Expenditures-104.05M-143.29M-87.67M-51.51M
Other Cashflows From Investing Activities-2k-2k5k203k
Total Cashflows From Investing Activities-118.55M-155.03M-89.17M-64.73M
Dividends Paid-64.45M-59.41M-48.34M-43.3M
Net Borrowings-163.14M-92.51M-26.43M-26.47M
Total Cash From Financing Activities-227.59M-151.92M-74.77M-69.77M
Effect Of Exchange Rate-6.72M7.11M1.22M380k
Change In Cash23.42M954k34.7M6.12M