Metro Performance Glass Limited (NZX:MPG) Annual Report 2022

The latest annual report of Metro Performance Glass Limited (MPG) was published on 31 Mar 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 - MPG Annual Results

^{Amounts in NZD}

Total Revenue

236.06M

Gross Profit

93.59M

EBIT

3.71M

Net Tangible Assets

30.82M

Net Income

-459k

Capital Expenditures

-10.4M

MPG Income Statement 2022 Annual Report

As per the latest Income Statement of MPG, the Net revenue increased by $3.79M (2%) compared to the previous period. The operating income in 2022 decreased by $-7.40M (-67%). The net income as per the annual report was -459k which decreased by $-8.56M (-106%) compared to previous year.

Income Statement Report (2022/2021)

	2022	2021
Total Revenue	236.06M	232.27M
Gross Profit	93.59M	98.85M
Operating Income	3.71M	11.11M
Income Before Tax	-416k	11.39M
Net Income	-459k	8.11M

Balance Sheet - MPG 2022 Annual Report

Read further: MPG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Metro Performance Glass Limited showed the company increased the cash on balance sheet by $5.53M (73%). The Net tangible assets of MPG on the balance sheet were at 30.82M which is $2.05M (7%) more than previous annual report. The total stockholder equity also increased by $128000 (0%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

	2022	2021
Cash	13.06M	7.53M
Total Assets	272.14M	239.24M
Long Term Debt	65.59M	57.09M
Total Liabilities	186.61M	153.84M
Total Shareholder Equity	85.53M	85.4M
Net Tangible Assets	30.82M	28.77M

Cash Flow Statement - MPG 2022 Annual Report

The 2022 annual cash flow statement of Metro Performance Glass Limited showed that the net income decreased by $-8.56M (-106%) compared to previous reporting period. Also the capital expenditure of MPG decreased by $-4.61M (-80%).

As of 2022, the total cash from investing activities was -10.13M and total cash from financing activities was 2.51M.

Cash Flow Statement Report (2022/2021)

	2022	2021
Net Income	-459k	8.11M
Capital Expenditures	-10.4M	-5.79M
Dividends Paid	-	-
Total Cash From From Investing Activities	-10.13M	-2.3M
Total Cash From From Financing Activities	2.51M	-33.75M

Metro Performance Glass Limited Annual Report History

Income Statement

Income Statement history of Metro Performance Glass Limited (NZX:MPG)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Total Revenue	236.06M	232.27M	254.91M	267.84M
Cost Of Revenue	142.47M	133.43M	139.68M	146.52M
Gross Profit	93.59M	98.85M	115.23M	121.32M
Research Development	-	-	-	-
Selling General Administrative	91.05M	89.06M	94.04M	96.08M
Non Recurring	-	-	-	-
Other Operating Expenses	-1.17M	-1.32M	-182k	-182k
Total Operating Expenses	232.35M	221.16M	233.53M	242.6M
Operating Income	3.71M	11.11M	21.38M	25.23M
Total Other Income Expense Net	-4.13M	283k	-97.72M	-14.65M
Ebit	3.71M	11.11M	21.38M	25.23M
Interest Expense	-6.33M	-6.77M	-7.14M	-5.11M
Income Before Tax	-416k	11.39M	-76.34M	10.59M
Income Tax Expense	43k	3.29M	2.52M	5.55M
Minority Interest	-	-	-	-
Net Income From Continuing Ops	-459k	8.11M	-78.86M	5.04M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	-459k	8.11M	-78.86M	5.04M
Net Income Applicable To Common Shares	-459k	8.11M	-78.86M	5.04M

Balance Sheet Statement

Balance Sheet Statement history of Metro Performance Glass Limited (NZX:MPG)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Cash	13.06M	7.53M	14.74M	5.49M
Net Receivables	34.96M	33.98M	33.29M	38.84M
Inventory	27.4M	22.38M	20.28M	22.93M
Other Current Assets	2.64M	2.42M	14.69M	5.52M
Total Current Assets	78.06M	66.3M	83M	72.78M
Long Term Investments	2.1M	2.58M	-	-
Property Plant Equipment	125.25M	103.09M	110.01M	64.58M
Good Will	54.24M	54.49M	53.13M	139.98M
Intangible Assets	474k	2.14M	4.37M	6.46M
Other Assets	12.02M	10.64M	7.91M	3.01M
Deferred Long Term Asset Charges	10.96M	10.64M	7.91M	3.01M
Total Assets	272.14M	239.24M	258.42M	286.81M
Accounts Payable	21.95M	17.28M	17.35M	19.94M
Other Current Liab	3.52M	3.17M	12.18M	4.89M
Long Term Debt	65.59M	57.09M	83.62M	89.89M
Other Liab	3.79M	3.67M	2.55M	5.61M
Total Current Liabilities	42.48M	39.04M	42.48M	34.35M
Total Liab	186.61M	153.84M	182.58M	129.85M
Common Stock	307.2M	307.2M	307.2M	306.69M
Retained Earnings	-51.73M	-51.57M	-61.47M	21.33M
Treasury Stock	-169.93M	-170.23M	-169.89M	-171.06M
Other Stockholder Equity	-169.93M	-170.23M	-169.89M	-171.06M
Total Stockholder Equity	85.53M	85.4M	75.84M	156.96M
Net Tangible Assets	30.82M	28.77M	18.34M	10.52M

Cash Flow Statement

Cash Flow Statement history of Metro Performance Glass Limited (NZX:MPG)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Net Income	-459k	8.11M	-78.86M	5.04M
Depreciation	18.14M	19.28M	20.41M	12.56M
Change To Netincome	-1.68M	-4.46M	86.78M	4.56M
Change To Account Receivables	-420k	1.24M	4.55M	481k
Change To Liabilities	2.35M	-2.69M	1.74M	-612k
Change To Inventory	-5.07M	2.07M	2.6M	504k
Change To Operating Activities	-167k	6.59M	-7.26M	-365k
Total Cash From Operating Activities	13.25M	28.85M	31.57M	23.65M
Capital Expenditures	-10.4M	-5.79M	-8.83M	-7.09M
Total Cashflows From Investing Activities	-10.13M	-2.3M	-9.47M	-7.81M
Net Borrowings	2.51M	-33.75M	-12.93M	-1.15M
Total Cash From Financing Activities	2.51M	-33.75M	-12.79M	-6.81M
Effect Of Exchange Rate	-104k	-7k	-65k	-46k
Change In Cash	5.53M	-7.21M	9.25M	8.98M
Dividends Paid	-	-	-	-7.04M