Marlborough Wine Estates Group Limited (NZX:MWE) Annual Report 2021

The latest annual report of Marlborough Wine Estates Group Limited (MWE) was published on 30 Jun 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 - MWE Annual Results

^{Amounts in NZD}

Total Revenue

6.74M

Gross Profit

1.29M

EBIT

-883.93k

Net Tangible Assets

21.16M

Net Income

-615.59k

Capital Expenditures

-69.69k

MWE Income Statement 2021 Annual Report

As per the latest Income Statement of MWE, the Net revenue increased by $333192 (5%) compared to the previous period. The operating income in 2021 decreased by $-987287 (-955%). The net income as per the annual report was -615.59k which decreased by $-625552 (-6277%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	6.74M	6.4M
Gross Profit	1.29M	2.16M
Operating Income	-883.93k	103.36k
Income Before Tax	-828.12k	17.19k
Net Income	-615.59k	9.96k

Balance Sheet - MWE 2021 Annual Report

Read further: MWE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Marlborough Wine Estates Group Limited showed the company increased the cash on balance sheet by $1.47M (578%). The Net tangible assets of MWE on the balance sheet were at 21.16M which is $3.72M (21%) more than previous annual report. The total stockholder equity also increased by $3.71M (21%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	1.73M	254.99k
Total Assets	31.77M	28.28M
Long Term Debt	6.5M	6.8M
Total Liabilities	10.6M	10.82M
Total Shareholder Equity	21.17M	17.46M
Net Tangible Assets	21.16M	17.44M

Cash Flow Statement - MWE 2021 Annual Report

The 2021 annual cash flow statement of Marlborough Wine Estates Group Limited showed that the net income decreased by $-625552 (-6277%) compared to previous reporting period. Also the capital expenditure of MWE increased by $185226 (73%).

As of 2021, the total cash from investing activities was -52.34k and total cash from financing activities was 1.14M.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	-615.59k	9.96k
Capital Expenditures	-69.69k	-254.92k
Dividends Paid	-	-
Total Cash From From Investing Activities	-52.34k	-254.92k
Total Cash From From Financing Activities	1.14M	184.13k

Marlborough Wine Estates Group Limited Annual Report History

Income Statement

Income Statement history of Marlborough Wine Estates Group Limited (NZX:MWE)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Total Revenue	6.74M	6.4M	5.38M	3.98M
Cost Of Revenue	5.45M	4.24M	3.54M	2.6M
Gross Profit	1.29M	2.16M	1.84M	1.39M
Research Development	-	-	-	-
Selling General Administrative	2.25M	2.16M	1.85M	1.35M
Non Recurring	-	-	-	-
Other Operating Expenses	-76.02k	-96.99k	-96.99k	-96.99k
Total Operating Expenses	7.62M	6.3M	5.63M	4.35M
Operating Income	-883.93k	103.36k	-246.03k	-364.53k
Total Other Income Expense Net	55.81k	-86.16k	-256.89k	-1.46M
Ebit	-883.93k	103.36k	-246.03k	-364.53k
Interest Expense	-273.19k	-250.44k	-298.62k	-290.45k
Income Before Tax	-828.12k	17.19k	-502.93k	-1.82M
Income Tax Expense	-212.53k	7.23k	-137.13k	-117.03k
Minority Interest	-	-	-	-
Net Income From Continuing Ops	-615.59k	9.96k	-365.8k	-1.71M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	-615.59k	9.96k	-365.8k	-1.71M
Net Income Applicable To Common Shares	-615.59k	9.96k	-365.8k	-1.71M

Balance Sheet Statement

Balance Sheet Statement history of Marlborough Wine Estates Group Limited (NZX:MWE)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Cash	1.73M	254.99k	291.64k	684.25k
Net Receivables	860.9k	1.52M	1.4M	1.15M
Inventory	4.54M	4.44M	3.3M	3.3M
Total Current Assets	7.25M	6.31M	5.07M	5.19M
Long Term Investments	28.36k	72.25k	72.25k	72.25k
Property Plant Equipment	24.41M	21.85M	14.91M	14.7M
Intangible Assets	16.68k	21.88k	29.08k	21.12k
Other Assets	71.8k	20.06k	20.06k	808.58k
Total Assets	31.77M	28.28M	20.1M	20.79M
Accounts Payable	1.04M	953.37k	300.29k	305.34k
Short Long Term Debt	150k	-	-	-
Other Current Liab	213.59k	286.18k	76.77k	-
Long Term Debt	6.5M	6.8M	392.86k	-
Other Liab	2.34M	2.25M	689.61k	-
Total Current Liabilities	1.52M	1.44M	6.82M	6.63M
Total Liab	10.6M	10.82M	7.97M	6.72M
Common Stock	16.42M	15.17M	15.17M	15.17M
Retained Earnings	-3.7M	-3.09M	-3.16M	-1.2M
Treasury Stock	8.25M	5.37M	108.25k	98.15k
Capital Surplus	210.89k	-	-	-
Other Stockholder Equity	8.25M	5.37M	108.25k	98.15k
Total Stockholder Equity	21.17M	17.46M	12.12M	14.07M
Net Tangible Assets	21.16M	17.44M	12.1M	14.05M

Cash Flow Statement

Cash Flow Statement history of Marlborough Wine Estates Group Limited (NZX:MWE)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Net Income	-615.59k	9.96k	-365.8k	-1.71M
Depreciation	692.78k	562.17k	417.7k	583.79k
Change To Netincome	-155.87k	7.64k	-45.67k	1.19M
Change To Account Receivables	775.2k	-158.91k	-289.3k	931.96k
Change To Liabilities	12.36k	648.78k	71.71k	44.24k
Change To Inventory	-101.09k	-1.14M	-1.22k	-318.64k
Change To Operating Activities	-220.45k	95.61k	174.93k	18.74k
Total Cash From Operating Activities	390.28k	34.14k	-37.64k	748.84k
Capital Expenditures	-69.69k	-254.92k	-612.52k	-437.6k
Total Cashflows From Investing Activities	-52.34k	-254.92k	-616.82k	-436.43k
Net Borrowings	-104.65k	184.13k	262.03k	-127.04k
Total Cash From Financing Activities	1.14M	184.13k	262.03k	-127.04k
Change In Cash	1.47M	-36.65k	-392.61k	185.43k
Issuance Of Stock	1.24M	1.24M	1.24M	1.24M
Dividends Paid	-	-	-	-