Marlborough Wine Estates Group Limited (NZX:MWE) Annual Report 2022



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

Amounts in NZD

Total Revenue
7.96M
Gross Profit
2.91M
EBIT
744.22k
Net Tangible Assets
29.72M
Net Income
328.01k
Capital Expenditures
-303.03k

MWE Income Statement 2022 Annual Report

As per the latest Income Statement of MWE, the Net revenue increased by $1.22M (18%) compared to the previous period. The operating income in 2022 increased by $1.61M (186%). The net income as per the annual report was 328.01k which increased by $943599 (153%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 7.96M 6.74M
Gross Profit 2.91M 1.29M
Operating Income 744.22k -867.56k
Income Before Tax 481.33k -828.12k
Net Income 328.01k -615.59k

Balance Sheet - MWE 2022 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 reduced the cash on balance sheet by $-1.39M (-81%). The Net tangible assets of MWE on the balance sheet were at 29.72M which is $8.56M (40%) more than previous annual report. The total stockholder equity also increased by $8.57M (40%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 337.28k 1.73M
Total Assets 41.17M 31.77M
Long Term Debt 6.21M 6.5M
Total Liabilities 11.43M 10.6M
Total Shareholder Equity 29.74M 21.17M
Net Tangible Assets 29.72M 21.16M

Cash Flow Statement - MWE 2022 Annual Report

The 2022 annual cash flow statement of Marlborough Wine Estates Group Limited showed that the net income increased by $943599 (153%) compared to previous reporting period. Also the capital expenditure of MWE decreased by $-233344 (-335%).

As of 2022, the total cash from investing activities was -309.88k and total cash from financing activities was -463.64k.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 328.01k -615.59k
Capital Expenditures -303.03k -69.69k
Dividends Paid - -
Total Cash From From Investing Activities -309.88k -52.34k
Total Cash From From Financing Activities -463.64k 1.14M

Marlborough Wine Estates Group Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 7.96M 6.74M 6.4M 5.38M
Cost Of Revenue 5.04M 5.45M 4.24M 3.54M
Gross Profit 2.91M 1.29M 2.16M 1.84M
Research Development - - - -
Selling General Administrative 2.32M 2.25M 2.16M 1.85M
Non Recurring - - - -
Other Operating Expenses -145.91k -92.39k -96.99k -96.99k
Total Operating Expenses 7.21M 7.6M 6.3M 5.63M
Operating Income 744.22k -867.56k 103.36k -246.03k
Total Other Income Expense Net -262.88k 39.44k -86.16k -256.89k
Ebit 744.22k -867.56k 103.36k -246.03k
Interest Expense -274.79k -273.19k -250.44k -298.62k
Income Before Tax 481.33k -828.12k 17.19k -502.93k
Income Tax Expense 153.32k -212.53k 7.23k -137.13k
Minority Interest - - - -
Net Income From Continuing Ops 328.01k -615.59k 9.96k -365.8k
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 328.01k -615.59k 9.96k -365.8k
Net Income Applicable To Common Shares 328.01k -615.59k 9.96k -365.8k

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 337.28k 1.73M 254.99k 291.64k
Net Receivables 1.77M 860.9k 1.52M 1.4M
Inventory 6M 4.54M 4.44M 3.3M
Total Current Assets 8.18M 7.25M 6.31M 5.07M
Long Term Investments 28.36k 28.36k 72.25k 72.25k
Property Plant Equipment 32.85M 24.41M 21.85M 14.91M
Intangible Assets 19.05k 16.68k 21.88k 29.08k
Other Assets 94.63k 71.8k 20.06k 20.06k
Total Assets 41.17M 31.77M 28.28M 20.1M
Accounts Payable 1.02M 1.01M 953.37k 300.29k
Short Long Term Debt 150k 150k - -
Other Current Liab 548.54k 213.59k 286.18k 76.77k
Long Term Debt 6.21M 6.5M 6.8M 392.86k
Other Liab 3.12M 2.34M 2.25M 689.61k
Total Current Liabilities 1.97M 1.52M 1.44M 6.82M
Total Liab 11.43M 10.6M 10.82M 7.97M
Common Stock 16.42M 16.42M 15.17M 15.17M
Retained Earnings -3.37M -3.7M -3.09M -3.16M
Treasury Stock 16.48M 8.25M 5.37M 108.25k
Capital Surplus 210.89k 210.89k - -
Other Stockholder Equity 16.48M 8.25M 5.37M 108.25k
Total Stockholder Equity 29.74M 21.17M 17.46M 12.12M
Net Tangible Assets 29.72M 21.16M 17.44M 12.1M

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 328.01k -615.59k 9.96k -365.8k
Depreciation 739.28k 692.78k 562.17k 417.7k
Change To Netincome 236.2k -155.87k 7.64k -45.67k
Change To Account Receivables -927.64k 775.2k -158.91k -289.3k
Change To Liabilities 347.23k 12.36k 648.78k 71.71k
Change To Inventory -1.46M -101.09k -1.14M -1.22k
Change To Operating Activities 117.1k -220.45k 95.61k 174.93k
Total Cash From Operating Activities -618.95k 390.28k 34.14k -37.64k
Capital Expenditures -303.03k -69.69k -254.92k -612.52k
Total Cashflows From Investing Activities -309.88k -52.34k -254.92k -616.82k
Net Borrowings -463.64k -104.65k 184.13k 262.03k
Total Cash From Financing Activities -463.64k 1.14M 184.13k 262.03k
Change In Cash -1.39M 1.47M -36.65k -392.61k
Dividends Paid - - - -