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)

20222021
Total Revenue236.06M232.27M
Gross Profit93.59M98.85M
Operating Income3.71M11.11M
Income Before Tax-416k11.39M
Net Income-459k8.11M

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)

20222021
Cash13.06M7.53M
Total Assets272.14M 239.24M
Long Term Debt65.59M57.09M
Total Liabilities186.61M 153.84M
Total Shareholder Equity85.53M85.4M
Net Tangible Assets30.82M28.77M

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)

20222021
Net Income-459k8.11M
Capital Expenditures-10.4M-5.79M
Dividends Paid--
Total Cash From From Investing Activities-10.13M-2.3M
Total Cash From From Financing Activities2.51M-33.75M

Metro Performance Glass Limited Annual Report History

Income Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue236.06M232.27M254.91M267.84M
Cost Of Revenue142.47M133.43M139.68M146.52M
Gross Profit93.59M98.85M115.23M121.32M
Research Development----
Selling General Administrative91.05M89.06M94.04M96.08M
Non Recurring----
Other Operating Expenses-1.17M-1.32M-182k-182k
Total Operating Expenses232.35M221.16M233.53M242.6M
Operating Income3.71M11.11M21.38M25.23M
Total Other Income Expense Net-4.13M283k-97.72M-14.65M
Ebit3.71M11.11M21.38M25.23M
Interest Expense-6.33M-6.77M-7.14M-5.11M
Income Before Tax-416k11.39M-76.34M10.59M
Income Tax Expense43k3.29M2.52M5.55M
Minority Interest----
Net Income From Continuing Ops-459k8.11M-78.86M5.04M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-459k8.11M-78.86M5.04M
Net Income Applicable To Common Shares-459k8.11M-78.86M5.04M

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash13.06M7.53M14.74M5.49M
Net Receivables34.96M33.98M33.29M38.84M
Inventory27.4M22.38M20.28M22.93M
Other Current Assets2.64M2.42M14.69M5.52M
Total Current Assets78.06M66.3M83M72.78M
Long Term Investments2.1M2.58M--
Property Plant Equipment125.25M103.09M110.01M64.58M
Good Will54.24M54.49M53.13M139.98M
Intangible Assets474k2.14M4.37M6.46M
Other Assets12.02M10.64M7.91M3.01M
Deferred Long Term Asset Charges10.96M10.64M7.91M3.01M
Total Assets272.14M239.24M258.42M286.81M
Accounts Payable21.95M17.28M17.35M19.94M
Other Current Liab3.52M3.17M12.18M4.89M
Long Term Debt65.59M57.09M83.62M89.89M
Other Liab3.79M3.67M2.55M5.61M
Total Current Liabilities42.48M39.04M42.48M34.35M
Total Liab186.61M153.84M182.58M129.85M
Common Stock307.2M307.2M307.2M306.69M
Retained Earnings-51.73M-51.57M-61.47M21.33M
Treasury Stock-169.93M-170.23M-169.89M-171.06M
Other Stockholder Equity-169.93M-170.23M-169.89M-171.06M
Total Stockholder Equity85.53M85.4M75.84M156.96M
Net Tangible Assets30.82M28.77M18.34M10.52M

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income-459k8.11M-78.86M5.04M
Depreciation18.14M19.28M20.41M12.56M
Change To Netincome-1.68M-4.46M86.78M4.56M
Change To Account Receivables-420k1.24M4.55M481k
Change To Liabilities2.35M-2.69M1.74M-612k
Change To Inventory-5.07M2.07M2.6M504k
Change To Operating Activities-167k6.59M-7.26M-365k
Total Cash From Operating Activities13.25M28.85M31.57M23.65M
Capital Expenditures-10.4M-5.79M-8.83M-7.09M
Total Cashflows From Investing Activities-10.13M-2.3M-9.47M-7.81M
Net Borrowings2.51M-33.75M-12.93M-1.15M
Total Cash From Financing Activities2.51M-33.75M-12.79M-6.81M
Effect Of Exchange Rate-104k-7k-65k-46k
Change In Cash5.53M-7.21M9.25M8.98M
Dividends Paid----7.04M