Michael Hill International Limited (NZX:MHJ) Annual Report 2021



The latest annual report of Michael Hill International Limited (MHJ) was published on 27 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 - MHJ Annual Results

Amounts in AUD

Total Revenue
556.49M
Gross Profit
348.92M
EBIT
60.28M
Net Tangible Assets
160.56M
Net Income
45.33M
Capital Expenditures
-6.43M

MHJ Income Statement 2021 Annual Report

As per the latest Income Statement of MHJ, the Net revenue increased by $64.43M (13%) compared to the previous period. The operating income in 2021 increased by $58.21M (2822%). The net income as per the annual report was 45.33M which increased by $42.27M (1382%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue556.49M492.06M
Gross Profit348.92M298.2M
Operating Income60.28M2.06M
Income Before Tax64.81M4.49M
Net Income45.33M3.06M

Balance Sheet - MHJ 2021 Annual Report

Read further: MHJ Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Michael Hill International Limited showed the company increased the cash on balance sheet by $61.16M (546%). The Net tangible assets of MHJ on the balance sheet were at 160.56M which is $31.18M (24%) more than previous annual report. The total stockholder equity also increased by $39.59M (26%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash72.36M11.2M
Total Assets508.11M 501.62M
Long Term Debt-10.68M
Total Liabilities314.71M 347.81M
Total Shareholder Equity193.4M153.81M
Net Tangible Assets160.56M129.38M

Cash Flow Statement - MHJ 2021 Annual Report

The 2021 annual cash flow statement of Michael Hill International Limited showed that the net income increased by $42.27M (1382%) compared to previous reporting period. Also the capital expenditure of MHJ decreased by $-318000 (-5%).

As of 2021, the total cash from investing activities was -18.95M and total cash from financing activities was -63.31M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income45.33M3.06M
Capital Expenditures-6.43M-6.11M
Dividends Paid-11.64M-5.82M
Total Cash From From Investing Activities-18.95M-17.21M
Total Cash From From Financing Activities-63.31M-55.51M

Michael Hill International Limited Annual Report History

Income Statement

Income Statement history of Michael Hill International Limited (NZX:MHJ)

27 Jun 202128 Jun 202030 Jun 201930 Jun 2018
Total Revenue556.49M492.06M569.5M576.6M
Cost Of Revenue207.57M193.85M216.47M208.66M
Gross Profit348.92M298.2M353.03M367.95M
Research Development----
Selling General Administrative209.04M208.49M282.13M272.51M
Non Recurring----
Other Operating Expenses28.31M32.04M29.08M28.92M
Total Operating Expenses496.21M490M547.05M528.78M
Operating Income60.28M2.06M22.45M47.82M
Total Other Income Expense Net4.53M2.42M-3.64M-4.71M
Ebit60.28M2.06M22.45M47.82M
Interest Expense-6.65M-7.63M-7.63M-7.63M
Income Before Tax64.81M4.49M18.81M43.11M
Income Tax Expense19.48M1.43M2.31M11.34M
Minority Interest----
Net Income From Continuing Ops45.33M3.06M16.5M31.77M
Discontinued Operations----30.21M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income45.33M3.06M16.5M1.56M
Net Income Applicable To Common Shares45.33M3.06M16.5M1.56M

Balance Sheet Statement

Balance Sheet Statement history of Michael Hill International Limited (NZX:MHJ)

27 Jun 202128 Jun 202030 Jun 201930 Jun 2018
Cash72.36M11.2M7.92M7.22M
Net Receivables9.49M28.9M31.95M25.38M
Inventory171.25M178.74M179.5M192.07M
Other Current Assets17.97M2.1M3.93M3.93M
Total Current Assets271.07M220.95M223.3M228.61M
Property Plant Equipment142.34M169.32M63.21M66.67M
Intangible Assets32.84M24.43M15.44M12.63M
Other Assets61.86M86.92M77.24M73.58M
Deferred Long Term Asset Charges60.59M74.47M67.71M68.02M
Total Assets508.11M501.62M379.19M381.48M
Accounts Payable44.5M28.98M22.59M24.69M
Other Current Liab46.8M58.74M42.49M43.56M
Other Liab63.81M61.88M64.61M62.63M
Deferred Long Term Liab537k677k1.44M1.7M
Total Current Liabilities151.52M159.41M105.13M108.71M
Total Liab314.71M347.81M202.44M206.55M
Common Stock11.29M11.02M10.98M10.27M
Retained Earnings177.9M138.37M159.96M162.83M
Treasury Stock4.22M4.42M5.8M1.83M
Other Stockholder Equity4.22M4.42M5.8M1.83M
Total Stockholder Equity193.4M153.81M176.75M174.93M
Net Tangible Assets160.56M129.38M161.31M162.3M
Long Term Debt-10.68M32.7M35.21M

Cash Flow Statement

Cash Flow Statement history of Michael Hill International Limited (NZX:MHJ)

27 Jun 202128 Jun 202030 Jun 201930 Jun 2018
Net Income45.33M3.06M16.5M1.56M
Depreciation47.1M53.36M16.93M17.73M
Change To Netincome9.01M9.39M2.82M13.41M
Change To Account Receivables13.16M1.49M-8.42M-1.35M
Change To Liabilities25.95M9.56M-358k3.8M
Change To Inventory7.66M-206k12.1M12.17M
Change To Operating Activities-11.86M-3.71M477k1.48M
Total Cash From Operating Activities143.45M83.7M38.97M54.89M
Capital Expenditures-6.43M-6.11M-10.75M-17.89M
Total Cashflows From Investing Activities-18.95M-17.21M-15.7M-24.01M
Dividends Paid-11.64M-5.82M-19.36M-19.37M
Net Borrowings-51.68M-49.69M-3.2M-10M
Total Cash From Financing Activities-63.31M-55.51M-22.57M-29.37M
Effect Of Exchange Rate-25k-74k1k28k
Change In Cash61.16M3.28M703k1.54M