Metro Performance Glass Limited (NZX:MPG) Annual Report 2021



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

Amounts in NZD

Total Revenue
232.27M
Gross Profit
98.85M
EBIT
11.85M
Net Tangible Assets
26M
Net Income
8.54M
Capital Expenditures
-5.79M

MPG Income Statement 2021 Annual Report

As per the latest Income Statement of MPG, the Net revenue decreased by $-22.63M (-9%) compared to the previous period. The operating income in 2021 decreased by $-9.53M (-45%). The net income as per the annual report was 8.54M which increased by $87.41M (111%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue232.27M254.91M
Gross Profit98.85M115.23M
Operating Income11.85M21.38M
Income Before Tax12.23M-76.34M
Net Income8.54M-78.86M

Balance Sheet - MPG 2021 Annual Report

Read further: MPG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Metro Performance Glass Limited showed the company reduced the cash on balance sheet by $-7.21M (-49%). The Net tangible assets of MPG on the balance sheet were at 26M which is $7.65M (42%) more than previous annual report. The total stockholder equity also increased by $8.20M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash7.53M14.74M
Total Assets237.89M 258.42M
Long Term Debt57.09M83.62M
Total Liabilities153.84M 182.58M
Total Shareholder Equity84.05M75.84M
Net Tangible Assets26M18.34M

Cash Flow Statement - MPG 2021 Annual Report

The 2021 annual cash flow statement of Metro Performance Glass Limited showed that the net income increased by $87.41M (111%) compared to previous reporting period. Also the capital expenditure of MPG increased by $3.04M (34%).

As of 2021, the total cash from investing activities was -3.83M and total cash from financing activities was -33.75M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income8.54M-78.86M
Capital Expenditures-5.79M-8.83M
Dividends Paid--
Total Cash From From Investing Activities-3.83M-9.47M
Total Cash From From Financing Activities-33.75M-12.79M

Metro Performance Glass Limited Annual Report History

Income Statement

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

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue232.27M254.91M267.84M268.29M
Cost Of Revenue133.43M139.68M146.52M145.84M
Gross Profit98.85M115.23M121.32M122.45M
Research Development----
Selling General Administrative87.64M94.04M96.08M91.53M
Non Recurring----
Other Operating Expenses-638k-182k-182k-182k
Total Operating Expenses220.43M233.53M242.6M237.37M
Operating Income11.85M21.38M25.23M30.92M
Total Other Income Expense Net383k-97.72M-14.65M-7.59M
Ebit11.85M21.38M25.23M30.92M
Interest Expense-6.77M-7.14M-5.11M-4.81M
Income Before Tax12.23M-76.34M10.59M23.33M
Income Tax Expense3.69M2.52M5.55M7.06M
Minority Interest----
Net Income From Continuing Ops8.54M-78.86M5.04M16.28M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income8.54M-78.86M5.04M16.28M
Net Income Applicable To Common Shares8.54M-78.86M5.04M16.28M

Balance Sheet Statement

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

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash7.53M14.74M5.49M360k
Net Receivables33.98M33.29M38.84M40.42M
Inventory18.47M20.28M22.93M23.53M
Other Current Assets6.53M14.69M5.52M5.54M
Total Current Assets66.5M83M72.78M69.84M
Property Plant Equipment103.09M110.01M64.58M68.37M
Good Will54.49M53.13M139.98M148.34M
Intangible Assets3.56M4.37M6.46M11.14M
Other Assets10.24M7.91M3.01M3.08M
Deferred Long Term Asset Charges10.24M7.91M3.01M3.08M
Total Assets237.89M258.42M286.81M300.79M
Accounts Payable17.28M17.35M19.94M20.59M
Other Current Liab4.62M12.18M4.89M4.41M
Long Term Debt57.09M83.62M89.89M91.74M
Other Liab3.67M2.55M5.61M9.1M
Total Current Liabilities39.04M42.48M34.35M39.61M
Total Liab153.84M182.58M129.85M140.45M
Common Stock307.2M307.2M306.69M306.65M
Retained Earnings-52.92M-61.47M21.33M24.23M
Treasury Stock-170.23M-169.89M-171.06M-170.55M
Other Stockholder Equity-170.23M-169.89M-171.06M-170.55M
Total Stockholder Equity84.05M75.84M156.96M160.34M
Net Tangible Assets26M18.34M10.52M849k

Cash Flow Statement

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

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income8.54M-78.86M5.04M16.28M
Depreciation19.28M20.41M12.56M12.4M
Change To Netincome-3.48M86.78M4.56M4.96M
Change To Account Receivables1.24M4.55M481k481k
Change To Liabilities-2.69M1.74M-612k-
Change To Inventory2.07M2.6M504k504k
Change To Operating Activities6.59M-7.26M-365k-365k
Total Cash From Operating Activities30.37M31.57M23.65M33.64M
Capital Expenditures-5.79M-8.83M-7.09M-19.97M
Total Cashflows From Investing Activities-3.83M-9.47M-7.81M-20.56M
Net Borrowings-33.75M-12.93M-1.15M-3M
Total Cash From Financing Activities-33.75M-12.79M-6.81M-16.71M
Effect Of Exchange Rate-7k-65k-46k-112k
Change In Cash-7.21M9.25M8.98M-3.75M
Dividends Paid---7.04M-14.08M