New Zealand King Salmon Investments Limited (NZX:NZK) Annual Report 2022



The latest annual report of New Zealand King Salmon Investments Limited (NZK) was published on 31 Jan 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 - NZK Annual Results

Amounts in NZD

Total Revenue
174.53M
Gross Profit
12.74M
EBIT
-25.97M
Net Tangible Assets
107.34M
Net Income
-73.2M
Capital Expenditures
-10.29M

NZK Income Statement 2022 Annual Report

As per the latest Income Statement of NZK, the Net revenue increased by $11.26M (7%) compared to the previous period. The operating income in 2022 decreased by $-11.37M (-78%). The net income as per the annual report was -73.2M which decreased by $-61.07M (-503%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue174.53M163.27M
Gross Profit12.74M24.26M
Operating Income-25.97M-14.6M
Income Before Tax-87.59M-15.99M
Net Income-73.2M-12.14M

Balance Sheet - NZK 2022 Annual Report

Read further: NZK Balance Sheet Detailed Analysis

The latest balance sheet from annual result of New Zealand King Salmon Investments Limited showed the company reduced the cash on balance sheet by $-566000 (-16%). The Net tangible assets of NZK on the balance sheet were at 107.34M which is $-36.83M (-26%) less than previous annual report. The total stockholder equity also decreased by $-81.31M (-42%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash2.91M3.48M
Total Assets197.33M 288.02M
Long Term Debt-39.25M
Total Liabilities86.1M 95.47M
Total Shareholder Equity111.23M192.54M
Net Tangible Assets107.34M144.16M

Cash Flow Statement - NZK 2022 Annual Report

The 2022 annual cash flow statement of New Zealand King Salmon Investments Limited showed that the net income decreased by $-61.07M (-503%) compared to previous reporting period. Also the capital expenditure of NZK decreased by $-2.00M (-24%).

As of 2022, the total cash from investing activities was -13.19M and total cash from financing activities was 5.67M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income-73.2M-12.14M
Capital Expenditures-10.29M-8.29M
Dividends Paid--
Total Cash From From Investing Activities-13.19M-9.76M
Total Cash From From Financing Activities5.67M5.65M

New Zealand King Salmon Investments Limited Annual Report History

Income Statement

Income Statement history of New Zealand King Salmon Investments Limited (NZX:NZK)

31 Jan 202231 Jan 202130 Jun 202030 Jun 2019
Total Revenue174.53M163.27M155.34M172.61M
Cost Of Revenue161.79M139M97M127.79M
Gross Profit12.74M24.26M58.35M44.82M
Research Development----
Selling General Administrative27.32M27.11M25.62M20.23M
Non Recurring----
Other Operating Expenses1.26M1.52M855k2.39M
Total Operating Expenses200.5M177.87M132.85M156.64M
Operating Income-25.97M-14.6M22.49M15.97M
Total Other Income Expense Net-61.62M-1.39M2.46M-235k
Ebit-25.97M-14.6M22.49M15.97M
Interest Expense-1.72M-1.6M-1.16M-898k
Income Before Tax-87.59M-15.99M24.95M15.74M
Income Tax Expense-14.39M-3.85M6.95M4.39M
Minority Interest----
Net Income From Continuing Ops-73.2M-12.14M18M11.35M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-73.2M-12.14M18M11.35M
Net Income Applicable To Common Shares-73.2M-12.14M18M11.35M

Balance Sheet Statement

Balance Sheet Statement history of New Zealand King Salmon Investments Limited (NZX:NZK)

31 Jan 202231 Jan 202130 Jun 202030 Jun 2019
Cash2.91M3.48M7.12M6.23M
Net Receivables17.26M13.49M11.17M12.31M
Inventory34.64M42.49M35.61M20.83M
Other Current Assets66.87M75M82.69M68.55M
Total Current Assets124.53M137.16M138.19M109.11M
Property Plant Equipment56.36M67.53M65.06M51.84M
Intangible Assets3.89M9.13M8.65M7.52M
Other Assets12.54M34.95M19.71M14.33M
Total Assets197.33M288.02M270.88M222.06M
Accounts Payable14.46M15.52M13.12M10.44M
Short Long Term Debt47.55M2.24M1.85M938k
Other Current Liab5.59M8.54M7.86M7.96M
Other Liab7.08M17.82M18.22M15.54M
Total Current Liabilities74.62M33.01M28.09M22.19M
Total Liab86.1M95.47M86.57M53.31M
Common Stock122.61M122.61M122.61M122.59M
Retained Earnings-21.55M51.65M58.73M47.61M
Treasury Stock10.18M18.29M2.98M-1.46M
Other Stockholder Equity10.18M18.29M2.98M-1.46M
Total Stockholder Equity111.23M192.54M184.31M168.75M
Net Tangible Assets107.34M144.16M136.4M121.98M
Long Term Debt-39.25M37M15.58M

Cash Flow Statement

Cash Flow Statement history of New Zealand King Salmon Investments Limited (NZX:NZK)

31 Jan 202231 Jan 202130 Jun 202030 Jun 2019
Net Income-73.2M-12.14M18M11.35M
Depreciation9.62M9.74M9.04M6.12M
Change To Netincome55.09M4.08M2.44M-815k
Change To Account Receivables-3.63M-5.84M725k-1.08M
Change To Liabilities-2.46M6.76M2.44M-1.73M
Change To Inventory21.08M-4.61M-28.93M-3.03M
Total Cash From Operating Activities7.01M-1.51M4.07M10.94M
Capital Expenditures-10.29M-8.29M-16.15M-14.19M
Total Cashflows From Investing Activities-13.19M-9.76M-17.77M-16.89M
Net Borrowings5.67M5.65M21.3M4.87M
Total Cash From Financing Activities5.67M5.65M14.43M-2.25M
Effect Of Exchange Rate-55k-610.29k156k156k
Change In Cash-566k-6.23M884k-8.2M
Dividends Paid---6.89M-7.13M