Michael Hill International Limited (NZX:MHJ) Annual Report 2022



The latest annual report of Michael Hill International Limited (MHJ) was published on 26 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 - MHJ Annual Results

Amounts in AUD

Total Revenue
595.21M
Gross Profit
384.83M
EBIT
68.34M
Net Tangible Assets
184.11M
Net Income
46.71M
Capital Expenditures
-15.61M

MHJ Income Statement 2022 Annual Report

As per the latest Income Statement of MHJ, the Net revenue increased by $38.72M (7%) compared to the previous period. The operating income in 2022 increased by $13.79M (25%). The net income as per the annual report was 46.71M which increased by $5.70M (14%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 595.21M 556.49M
Gross Profit 384.83M 348.92M
Operating Income 68.34M 54.55M
Income Before Tax 65.7M 59.08M
Net Income 46.71M 41.02M

Balance Sheet - MHJ 2022 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 $23.48M (32%). The Net tangible assets of MHJ on the balance sheet were at 184.11M which is $15.81M (9%) more than previous annual report. The total stockholder equity also increased by $20.78M (12%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 95.84M 72.36M
Total Assets 511.18M 489.02M
Long Term Debt - -
Total Liabilities 316.08M 314.71M
Total Shareholder Equity 195.09M 174.31M
Net Tangible Assets 184.11M 168.3M

Cash Flow Statement - MHJ 2022 Annual Report

The 2022 annual cash flow statement of Michael Hill International Limited showed that the net income increased by $5.70M (14%) compared to previous reporting period. Also the capital expenditure of MHJ decreased by $-9.18M (-143%).

As of 2022, the total cash from investing activities was -22.43M and total cash from financing activities was -65.7M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 46.71M 41.02M
Capital Expenditures -15.61M -6.43M
Dividends Paid -25.24M -11.64M
Total Cash From From Investing Activities -22.43M -10M
Total Cash From From Financing Activities -65.7M -63.31M

Michael Hill International Limited Annual Report History

Income Statement

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

26 Jun 2022 27 Jun 2021 28 Jun 2020 30 Jun 2019
Total Revenue 595.21M 556.49M 492.06M 569.5M
Cost Of Revenue 210.38M 207.57M 193.85M 216.47M
Gross Profit 384.83M 348.92M 298.2M 353.03M
Research Development - - - -
Selling General Administrative 223.63M 211.07M 208.49M 282.13M
Non Recurring - - - -
Other Operating Expenses 40.91M 35.23M 32.04M 29.08M
Total Operating Expenses 526.87M 501.94M 490M 547.05M
Operating Income 68.34M 54.55M 2.06M 22.45M
Total Other Income Expense Net -2.64M 4.53M 2.42M -3.64M
Ebit 68.34M 54.55M 2.06M 22.45M
Interest Expense -6.68M -6.65M -7.63M -7.63M
Income Before Tax 65.7M 59.08M 4.49M 18.81M
Income Tax Expense 18.99M 18.07M 1.43M 2.31M
Minority Interest - - - -
Net Income From Continuing Ops 46.71M 41.02M 3.06M 16.5M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 46.71M 41.02M 3.06M 16.5M
Net Income Applicable To Common Shares 46.71M 41.02M 3.06M 16.5M

Balance Sheet Statement

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

26 Jun 2022 27 Jun 2021 28 Jun 2020 30 Jun 2019
Cash 95.84M 72.36M 11.2M 7.92M
Net Receivables 9.33M 9.49M 28.9M 31.95M
Inventory 181.54M 171.25M 178.74M 179.5M
Other Current Assets 5.42M 17.97M 2.1M 3.93M
Total Current Assets 292.13M 271.07M 220.95M 223.3M
Property Plant Equipment 148.4M 142.34M 169.32M 63.21M
Intangible Assets 10.99M 6.01M 24.43M 15.44M
Other Assets 59.66M 69.61M 86.92M 77.24M
Deferred Long Term Asset Charges 58.55M 68.33M 74.47M 67.71M
Total Assets 511.18M 489.02M 501.62M 379.19M
Accounts Payable 44.56M 44.5M 28.98M 22.59M
Other Current Liab 50.41M 46.8M 58.74M 42.49M
Other Liab 66.1M 63.81M 61.88M 64.61M
Total Current Liabilities 158.6M 151.52M 159.41M 105.13M
Total Liab 316.08M 314.71M 347.81M 202.44M
Common Stock 11.39M 11.29M 11.02M 10.98M
Retained Earnings 180.34M 158.81M 138.37M 159.96M
Treasury Stock 3.37M 4.22M 4.42M 5.8M
Other Stockholder Equity 3.37M 4.22M 4.42M 5.8M
Total Stockholder Equity 195.09M 174.31M 153.81M 176.75M
Net Tangible Assets 184.11M 168.3M 129.38M 161.31M
Long Term Debt - - 10.68M 32.7M

Cash Flow Statement

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

26 Jun 2022 27 Jun 2021 28 Jun 2020 30 Jun 2019
Net Income 46.71M 41.02M 3.06M 16.5M
Depreciation 50.21M 47.1M 53.36M 16.93M
Change To Netincome -603k 9.01M 9.39M 2.82M
Change To Account Receivables 14.04M 13.16M 1.49M -8.42M
Change To Liabilities 9.96M 24.54M 9.56M -358k
Change To Inventory -10.81M 7.66M -206k 12.1M
Change To Operating Activities 344k -11.86M -3.71M 477k
Total Cash From Operating Activities 111.57M 134.5M 83.7M 38.97M
Capital Expenditures -15.61M -6.43M -6.11M -10.75M
Total Cashflows From Investing Activities -22.43M -10M -17.21M -15.7M
Dividends Paid -25.24M -11.64M -5.82M -19.36M
Net Borrowings -40.46M -51.68M -49.69M -3.2M
Total Cash From Financing Activities -65.7M -63.31M -55.51M -22.57M
Effect Of Exchange Rate 48k -26k -74k 1k
Change In Cash 23.48M 61.16M 3.28M 703k