NZ Windfarms Limited (NZX:NWF) Annual Report 2021



The latest annual report of NZ Windfarms Limited (NWF) 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 - NWF Annual Results

Amounts in NZD

Total Revenue
15.64M
Gross Profit
13.84M
EBIT
7.99M
Net Tangible Assets
34.35M
Net Income
311.68k
Capital Expenditures
-1.57M

NWF Income Statement 2021 Annual Report

As per the latest Income Statement of NWF, the Net revenue increased by $5.48M (54%) compared to the previous period. The operating income in 2021 increased by $2.73M (52%). The net income as per the annual report was 311.68k which decreased by $-1.42M (-82%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue15.64M10.16M
Gross Profit13.84M9.13M
Operating Income7.99M5.25M
Income Before Tax501.3k2.4M
Net Income311.68k1.73M

Balance Sheet - NWF 2021 Annual Report

Read further: NWF Balance Sheet Detailed Analysis

The latest balance sheet from annual result of NZ Windfarms Limited showed the company reduced the cash on balance sheet by $-1.23M (-33%). The Net tangible assets of NWF on the balance sheet were at 34.35M which is $-3.16M (-8%) less than previous annual report. The total stockholder equity also decreased by $-3.29M (-8%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.51M3.74M
Total Assets54.22M 53.78M
Long Term Debt8.02M8.95M
Total Liabilities16.63M 12.89M
Total Shareholder Equity37.6M40.89M
Net Tangible Assets34.35M37.51M

Cash Flow Statement - NWF 2021 Annual Report

The 2021 annual cash flow statement of NZ Windfarms Limited showed that the net income decreased by $-1.42M (-82%) compared to previous reporting period. Also the capital expenditure of NWF decreased by $-513773 (-49%).

As of 2021, the total cash from investing activities was -1.57M and total cash from financing activities was -4.56M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income311.68k1.73M
Capital Expenditures-1.57M-1.05M
Dividends Paid-3.6M-4.75M
Total Cash From From Investing Activities-1.57M-1.05M
Total Cash From From Financing Activities-4.56M-5.69M

NZ Windfarms Limited Annual Report History

Income Statement

Income Statement history of NZ Windfarms Limited (NZX:NWF)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue15.64M10.16M12.21M7.23M
Cost Of Revenue1.8M1.03M1.41M1.09M
Gross Profit13.84M9.13M10.8M6.14M
Research Development----
Selling General Administrative2.62M2.29M2.61M2.32M
Non Recurring----
Other Operating Expenses169.49k-1.14M-194.39k-264k
Total Operating Expenses7.65M4.91M6.5M5.78M
Operating Income7.99M5.25M5.71M1.45M
Total Other Income Expense Net-7.49M-2.85M-4.99M-673k
Ebit7.99M5.25M5.71M1.45M
Interest Expense-246.96k-540.71k-683.53k-795k
Income Before Tax501.3k2.4M718k780k
Income Tax Expense189.62k673.91k90.53k15.53M
Minority Interest----
Net Income From Continuing Ops311.68k1.73M627.47k-14.75M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income311.68k1.73M627.47k-14.75M
Net Income Applicable To Common Shares311.68k1.73M627.47k-14.75M

Balance Sheet Statement

Balance Sheet Statement history of NZ Windfarms Limited (NZX:NWF)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash2.51M3.74M2.85M2.34M
Net Receivables1.82M1.17M1.13M769k
Inventory898.36k1.26M1.06M1.17M
Other Current Assets-1-428.21k104k
Total Current Assets5.38M6.29M5.57M4.47M
Property Plant Equipment42.89M41.21M42.88M44.62M
Intangible Assets3.25M3.38M3.68M3.97M
Other Assets2.7M2.9M3.57M3.67M
Deferred Long Term Asset Charges2.7M2.9M3.57M3.66M
Total Assets54.22M53.78M55.69M56.72M
Accounts Payable1.11M703.12k158.17k350k
Short Long Term Debt946.15k946.15k946.15k946k
Other Current Liab5.83M1.45M347k-
Long Term Debt8.02M8.95M9.87M10.77M
Total Current Liabilities8.43M3.74M1.86M1.82M
Total Liab16.63M12.89M11.73M12.59M
Common Stock107M107M107M107M
Retained Earnings-69.41M-66.13M-63.13M-63.01M
Total Stockholder Equity37.6M40.89M43.96M44.13M
Net Tangible Assets34.35M37.51M40.29M40.17M

Cash Flow Statement

Cash Flow Statement history of NZ Windfarms Limited (NZX:NWF)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income311.68k1.73M627.47k-14.75M
Depreciation3.06M2.73M2.67M2.5M
Change To Netincome1.57M3.09M638.63k15.33M
Change To Account Receivables-674.88k-69.01k-373.5k290k
Change To Liabilities267.85k337.75k-286.5k230k
Change To Inventory361.82k-185.89k111.5k70k
Total Cash From Operating Activities4.9M7.63M3.38M3.67M
Capital Expenditures-1.57M-1.05M-832.94k-8.76M
Total Cashflows From Investing Activities-1.57M-1.05M-832.94k-2.96M
Dividends Paid-3.6M-4.75M-1.09M-2.45M
Net Borrowings-958.46k-935.82k-946k2.79M
Total Cash From Financing Activities-4.56M-5.69M-2.04M340k
Change In Cash-1.23M887.75k511k1.05M