Marsden Maritime Holdings Limited (NZX:MMH) Annual Report 2021



The latest annual report of Marsden Maritime Holdings Limited (MMH) 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 - MMH Annual Results

Amounts in NZD

Total Revenue
7.22M
Gross Profit
3.93M
EBIT
1.52M
Net Tangible Assets
150.19M
Net Income
14.26M
Capital Expenditures
-1.12M

MMH Income Statement 2021 Annual Report

As per the latest Income Statement of MMH, the Net revenue increased by $918115 (15%) compared to the previous period. The operating income in 2021 increased by $211821 (16%). The net income as per the annual report was 14.26M which increased by $7.58M (113%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue7.22M6.3M
Gross Profit3.93M3.43M
Operating Income1.52M1.31M
Income Before Tax14.28M6.7M
Net Income14.26M6.68M

Balance Sheet - MMH 2021 Annual Report

Read further: MMH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Marsden Maritime Holdings Limited showed the company increased the cash on balance sheet by $9007 (6%). The Net tangible assets of MMH on the balance sheet were at 150.19M which is $12.87M (9%) more than previous annual report. The total stockholder equity also increased by $12.87M (9%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash153.51k144.5k
Total Assets177.74M 155.81M
Long Term Debt13.95M16.55M
Total Liabilities27.55M 18.5M
Total Shareholder Equity150.19M137.32M
Net Tangible Assets150.19M137.32M

Cash Flow Statement - MMH 2021 Annual Report

The 2021 annual cash flow statement of Marsden Maritime Holdings Limited showed that the net income increased by $7.58M (113%) compared to previous reporting period. Also the capital expenditure of MMH increased by $1.61M (59%).

As of 2021, the total cash from investing activities was -11.51M and total cash from financing activities was 791.89k.

Cash Flow Statement Report (2021/2020)

20212020
Net Income14.26M6.68M
Capital Expenditures-1.12M-2.73M
Dividends Paid-6.61M-6.61M
Total Cash From From Investing Activities-11.51M-8.57M
Total Cash From From Financing Activities791.89k-2.21M

Marsden Maritime Holdings Limited Annual Report History

Income Statement

Income Statement history of Marsden Maritime Holdings Limited (NZX:MMH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue7.22M6.3M5.66M4.97M
Cost Of Revenue3.29M2.88M3.17M2.65M
Gross Profit3.93M3.43M2.49M2.32M
Research Development----
Selling General Administrative1.88M1.65M1.65M1.77M
Non Recurring----
Other Operating Expenses-19.72k19.72k19.72k
Total Operating Expenses5.7M4.99M5.23M4.72M
Operating Income1.52M1.31M424.41k255.19k
Total Other Income Expense Net12.76M5.39M9.29M9.16M
Ebit1.52M1.31M424.41k255.19k
Interest Expense-423.85k-441.08k-286.29k-273.65k
Income Before Tax14.28M6.7M9.71M9.42M
Income Tax Expense23.58k21.63k19.41k18.51k
Minority Interest----
Net Income From Continuing Ops14.26M6.68M9.69M9.4M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income14.26M6.68M9.69M9.4M
Net Income Applicable To Common Shares14.26M6.68M9.69M9.4M

Balance Sheet Statement

Balance Sheet Statement history of Marsden Maritime Holdings Limited (NZX:MMH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash153.51k144.5k400400
Net Receivables119.06k152.33k447.54k889.15k
Inventory93.73k72.3k95.47k41.93k
Total Current Assets525.34k526.02k981.69k1.06M
Long Term Investments51.94M46.72M47.18M47.7M
Property Plant Equipment31.82M30.34M28.96M26.8M
Other Assets93.45M78.23M76.04M67.02M
Total Assets177.74M155.81M153.17M142.58M
Accounts Payable1.06M687.05k842.33k186.36k
Short Long Term Debt10M---
Other Current Liab736.67k361.86k800.37k368.11k
Long Term Debt13.95M16.55M12.15M6.05M
Other Liab1.75M867.49k802.53k809.29k
Total Current Liabilities11.86M1.08M1.64M562.83k
Total Liab27.55M18.5M14.6M7.42M
Common Stock14.69M14.69M14.69M14.69M
Retained Earnings69.53M61.88M61.81M58.62M
Treasury Stock65.97M60.75M62.07M61.85M
Other Stockholder Equity65.97M60.75M62.07M61.85M
Total Stockholder Equity150.19M137.32M138.57M135.16M
Net Tangible Assets150.19M137.32M138.57M135.16M

Cash Flow Statement

Cash Flow Statement history of Marsden Maritime Holdings Limited (NZX:MMH)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income14.26M6.68M9.69M9.4M
Depreciation530.22k447.82k409.45k299.49k
Change To Netincome-4.89M2.94M-251.12k28.3k
Change To Account Receivables31.12k270.68k239.33k-103.28k
Change To Liabilities1.66M-500.19k1.07M-448.2k
Change To Inventory-21.43k23.17k-53.54k-4.74k
Change To Operating Activities-838.53k752.68k-1.07M662.38k
Total Cash From Operating Activities10.73M10.61M10.04M9.83M
Capital Expenditures-1.12M-2.73M-1.93M-2.78M
Total Cashflows From Investing Activities-11.51M-8.57M-9.38M280.35k
Dividends Paid-6.61M-6.61M-6.5M-6.4M
Net Borrowings7.4M4.4M6.1M-3.8M
Total Cash From Financing Activities791.89k-2.21M-404.85k-10.2M
Change In Cash9.01k-161.82k261.41k-89.78k