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)

2022 2021
Total Revenue 174.53M 163.27M
Gross Profit 12.74M 24.26M
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)

2022 2021
Cash 2.91M 3.48M
Total Assets 197.33M 288.02M
Long Term Debt - 39.25M
Total Liabilities 86.1M 95.47M
Total Shareholder Equity 111.23M 192.54M
Net Tangible Assets 107.34M 144.16M

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)

2022 2021
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 Activities 5.67M 5.65M

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 2022 31 Jan 2021 30 Jun 2020 30 Jun 2019
Total Revenue 174.53M 163.27M 155.34M 172.61M
Cost Of Revenue 161.79M 139M 97M 127.79M
Gross Profit 12.74M 24.26M 58.35M 44.82M
Research Development - - - -
Selling General Administrative 27.32M 27.11M 25.62M 20.23M
Non Recurring - - - -
Other Operating Expenses 1.26M 1.52M 855k 2.39M
Total Operating Expenses 200.5M 177.87M 132.85M 156.64M
Operating Income -25.97M -14.6M 22.49M 15.97M
Total Other Income Expense Net -61.62M -1.39M 2.46M -235k
Ebit -25.97M -14.6M 22.49M 15.97M
Interest Expense -1.72M -1.6M -1.16M -898k
Income Before Tax -87.59M -15.99M 24.95M 15.74M
Income Tax Expense -14.39M -3.85M 6.95M 4.39M
Minority Interest - - - -
Net Income From Continuing Ops -73.2M -12.14M 18M 11.35M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -73.2M -12.14M 18M 11.35M
Net Income Applicable To Common Shares -73.2M -12.14M 18M 11.35M

Balance Sheet Statement

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

31 Jan 2022 31 Jan 2021 30 Jun 2020 30 Jun 2019
Cash 2.91M 3.48M 7.12M 6.23M
Net Receivables 17.26M 13.49M 11.17M 12.31M
Inventory 34.64M 42.49M 35.61M 20.83M
Other Current Assets 66.87M 75M 82.69M 68.55M
Total Current Assets 124.53M 137.16M 138.19M 109.11M
Property Plant Equipment 56.36M 67.53M 65.06M 51.84M
Intangible Assets 3.89M 9.13M 8.65M 7.52M
Other Assets 12.54M 34.95M 19.71M 14.33M
Total Assets 197.33M 288.02M 270.88M 222.06M
Accounts Payable 14.46M 15.52M 13.12M 10.44M
Short Long Term Debt 47.55M 2.24M 1.85M 938k
Other Current Liab 5.59M 8.54M 7.86M 7.96M
Other Liab 7.08M 17.82M 18.22M 15.54M
Total Current Liabilities 74.62M 33.01M 28.09M 22.19M
Total Liab 86.1M 95.47M 86.57M 53.31M
Common Stock 122.61M 122.61M 122.61M 122.59M
Retained Earnings -21.55M 51.65M 58.73M 47.61M
Treasury Stock 10.18M 18.29M 2.98M -1.46M
Other Stockholder Equity 10.18M 18.29M 2.98M -1.46M
Total Stockholder Equity 111.23M 192.54M 184.31M 168.75M
Net Tangible Assets 107.34M 144.16M 136.4M 121.98M
Long Term Debt - 39.25M 37M 15.58M

Cash Flow Statement

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

31 Jan 2022 31 Jan 2021 30 Jun 2020 30 Jun 2019
Net Income -73.2M -12.14M 18M 11.35M
Depreciation 9.62M 9.74M 9.04M 6.12M
Change To Netincome 55.09M 4.08M 2.44M -815k
Change To Account Receivables -3.63M -5.84M 725k -1.08M
Change To Liabilities -2.46M 6.76M 2.44M -1.73M
Change To Inventory 21.08M -4.61M -28.93M -3.03M
Total Cash From Operating Activities 7.01M -1.51M 4.07M 10.94M
Capital Expenditures -10.29M -8.29M -16.15M -14.19M
Total Cashflows From Investing Activities -13.19M -9.76M -17.77M -16.89M
Net Borrowings 5.67M 5.65M 21.3M 4.87M
Total Cash From Financing Activities 5.67M 5.65M 14.43M -2.25M
Effect Of Exchange Rate -55k -610.29k 156k 156k
Change In Cash -566k -6.23M 884k -8.2M
Dividends Paid - - -6.89M -7.13M