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)

	2021	2020
Total Revenue	556.49M	492.06M
Gross Profit	348.92M	298.2M
Operating Income	60.28M	2.06M
Income Before Tax	64.81M	4.49M
Net Income	45.33M	3.06M

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)

	2021	2020
Cash	72.36M	11.2M
Total Assets	508.11M	501.62M
Long Term Debt	-	10.68M
Total Liabilities	314.71M	347.81M
Total Shareholder Equity	193.4M	153.81M
Net Tangible Assets	160.56M	129.38M

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)

	2021	2020
Net Income	45.33M	3.06M
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 2021	28 Jun 2020	30 Jun 2019	30 Jun 2018
Total Revenue	556.49M	492.06M	569.5M	576.6M
Cost Of Revenue	207.57M	193.85M	216.47M	208.66M
Gross Profit	348.92M	298.2M	353.03M	367.95M
Research Development	-	-	-	-
Selling General Administrative	209.04M	208.49M	282.13M	272.51M
Non Recurring	-	-	-	-
Other Operating Expenses	28.31M	32.04M	29.08M	28.92M
Total Operating Expenses	496.21M	490M	547.05M	528.78M
Operating Income	60.28M	2.06M	22.45M	47.82M
Total Other Income Expense Net	4.53M	2.42M	-3.64M	-4.71M
Ebit	60.28M	2.06M	22.45M	47.82M
Interest Expense	-6.65M	-7.63M	-7.63M	-7.63M
Income Before Tax	64.81M	4.49M	18.81M	43.11M
Income Tax Expense	19.48M	1.43M	2.31M	11.34M
Minority Interest	-	-	-	-
Net Income From Continuing Ops	45.33M	3.06M	16.5M	31.77M
Discontinued Operations	-	-	-	-30.21M
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	45.33M	3.06M	16.5M	1.56M
Net Income Applicable To Common Shares	45.33M	3.06M	16.5M	1.56M

Balance Sheet Statement

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

	27 Jun 2021	28 Jun 2020	30 Jun 2019	30 Jun 2018
Cash	72.36M	11.2M	7.92M	7.22M
Net Receivables	9.49M	28.9M	31.95M	25.38M
Inventory	171.25M	178.74M	179.5M	192.07M
Other Current Assets	17.97M	2.1M	3.93M	3.93M
Total Current Assets	271.07M	220.95M	223.3M	228.61M
Property Plant Equipment	142.34M	169.32M	63.21M	66.67M
Intangible Assets	32.84M	24.43M	15.44M	12.63M
Other Assets	61.86M	86.92M	77.24M	73.58M
Deferred Long Term Asset Charges	60.59M	74.47M	67.71M	68.02M
Total Assets	508.11M	501.62M	379.19M	381.48M
Accounts Payable	44.5M	28.98M	22.59M	24.69M
Other Current Liab	46.8M	58.74M	42.49M	43.56M
Other Liab	63.81M	61.88M	64.61M	62.63M
Deferred Long Term Liab	537k	677k	1.44M	1.7M
Total Current Liabilities	151.52M	159.41M	105.13M	108.71M
Total Liab	314.71M	347.81M	202.44M	206.55M
Common Stock	11.29M	11.02M	10.98M	10.27M
Retained Earnings	177.9M	138.37M	159.96M	162.83M
Treasury Stock	4.22M	4.42M	5.8M	1.83M
Other Stockholder Equity	4.22M	4.42M	5.8M	1.83M
Total Stockholder Equity	193.4M	153.81M	176.75M	174.93M
Net Tangible Assets	160.56M	129.38M	161.31M	162.3M
Long Term Debt	-	10.68M	32.7M	35.21M

Cash Flow Statement

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

	27 Jun 2021	28 Jun 2020	30 Jun 2019	30 Jun 2018
Net Income	45.33M	3.06M	16.5M	1.56M
Depreciation	47.1M	53.36M	16.93M	17.73M
Change To Netincome	9.01M	9.39M	2.82M	13.41M
Change To Account Receivables	13.16M	1.49M	-8.42M	-1.35M
Change To Liabilities	25.95M	9.56M	-358k	3.8M
Change To Inventory	7.66M	-206k	12.1M	12.17M
Change To Operating Activities	-11.86M	-3.71M	477k	1.48M
Total Cash From Operating Activities	143.45M	83.7M	38.97M	54.89M
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	-74k	1k	28k
Change In Cash	61.16M	3.28M	703k	1.54M