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