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)

	2021	2020
Total Revenue	232.27M	254.91M
Gross Profit	98.85M	115.23M
Operating Income	11.85M	21.38M
Income Before Tax	12.23M	-76.34M
Net Income	8.54M	-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)

	2021	2020
Cash	7.53M	14.74M
Total Assets	237.89M	258.42M
Long Term Debt	57.09M	83.62M
Total Liabilities	153.84M	182.58M
Total Shareholder Equity	84.05M	75.84M
Net Tangible Assets	26M	18.34M

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)

	2021	2020
Net Income	8.54M	-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 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Total Revenue	232.27M	254.91M	267.84M	268.29M
Cost Of Revenue	133.43M	139.68M	146.52M	145.84M
Gross Profit	98.85M	115.23M	121.32M	122.45M
Research Development	-	-	-	-
Selling General Administrative	87.64M	94.04M	96.08M	91.53M
Non Recurring	-	-	-	-
Other Operating Expenses	-638k	-182k	-182k	-182k
Total Operating Expenses	220.43M	233.53M	242.6M	237.37M
Operating Income	11.85M	21.38M	25.23M	30.92M
Total Other Income Expense Net	383k	-97.72M	-14.65M	-7.59M
Ebit	11.85M	21.38M	25.23M	30.92M
Interest Expense	-6.77M	-7.14M	-5.11M	-4.81M
Income Before Tax	12.23M	-76.34M	10.59M	23.33M
Income Tax Expense	3.69M	2.52M	5.55M	7.06M
Minority Interest	-	-	-	-
Net Income From Continuing Ops	8.54M	-78.86M	5.04M	16.28M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	8.54M	-78.86M	5.04M	16.28M
Net Income Applicable To Common Shares	8.54M	-78.86M	5.04M	16.28M

Balance Sheet Statement

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

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Cash	7.53M	14.74M	5.49M	360k
Net Receivables	33.98M	33.29M	38.84M	40.42M
Inventory	18.47M	20.28M	22.93M	23.53M
Other Current Assets	6.53M	14.69M	5.52M	5.54M
Total Current Assets	66.5M	83M	72.78M	69.84M
Property Plant Equipment	103.09M	110.01M	64.58M	68.37M
Good Will	54.49M	53.13M	139.98M	148.34M
Intangible Assets	3.56M	4.37M	6.46M	11.14M
Other Assets	10.24M	7.91M	3.01M	3.08M
Deferred Long Term Asset Charges	10.24M	7.91M	3.01M	3.08M
Total Assets	237.89M	258.42M	286.81M	300.79M
Accounts Payable	17.28M	17.35M	19.94M	20.59M
Other Current Liab	4.62M	12.18M	4.89M	4.41M
Long Term Debt	57.09M	83.62M	89.89M	91.74M
Other Liab	3.67M	2.55M	5.61M	9.1M
Total Current Liabilities	39.04M	42.48M	34.35M	39.61M
Total Liab	153.84M	182.58M	129.85M	140.45M
Common Stock	307.2M	307.2M	306.69M	306.65M
Retained Earnings	-52.92M	-61.47M	21.33M	24.23M
Treasury Stock	-170.23M	-169.89M	-171.06M	-170.55M
Other Stockholder Equity	-170.23M	-169.89M	-171.06M	-170.55M
Total Stockholder Equity	84.05M	75.84M	156.96M	160.34M
Net Tangible Assets	26M	18.34M	10.52M	849k

Cash Flow Statement

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

	31 Mar 2021	31 Mar 2020	31 Mar 2019	31 Mar 2018
Net Income	8.54M	-78.86M	5.04M	16.28M
Depreciation	19.28M	20.41M	12.56M	12.4M
Change To Netincome	-3.48M	86.78M	4.56M	4.96M
Change To Account Receivables	1.24M	4.55M	481k	481k
Change To Liabilities	-2.69M	1.74M	-612k	-
Change To Inventory	2.07M	2.6M	504k	504k
Change To Operating Activities	6.59M	-7.26M	-365k	-365k
Total Cash From Operating Activities	30.37M	31.57M	23.65M	33.64M
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	-7.21M	9.25M	8.98M	-3.75M
Dividends Paid	-	-	-7.04M	-14.08M