New Zealand Rural Land Company Limited (NZX:NZL) Annual Report 2022



The latest annual report of New Zealand Rural Land Company Limited (NZL) 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 - NZL Annual Results

Amounts in NZD

Total Revenue
8.21M
Gross Profit
7.58M
EBIT
2.71M
Net Tangible Assets
186.59M
Net Income
39.68M
Capital Expenditures
-181k

NZL Income Statement 2022 Annual Report

As per the latest Income Statement of NZL, the Net revenue increased by $7.62M (1275%) compared to the previous period. The operating income in 2022 increased by $4.82M (229%). The net income as per the annual report was 39.68M which increased by $21.54M (119%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 8.21M 597.6k
Gross Profit 7.58M 478.8k
Operating Income 2.71M -2.1M
Income Before Tax 39.11M 17.51M
Net Income 39.68M 18.14M

Balance Sheet - NZL 2022 Annual Report

Read further: NZL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of New Zealand Rural Land Company Limited showed the company reduced the cash on balance sheet by $-19.49M (-95%). The Net tangible assets of NZL on the balance sheet were at 186.59M which is $76.34M (69%) more than previous annual report. The total stockholder equity also increased by $76.34M (69%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 1M 20.5M
Total Assets 289.01M 164.94M
Long Term Debt 100.77M 54.38M
Total Liabilities 102.42M 54.68M
Total Shareholder Equity 186.59M 110.25M
Net Tangible Assets 186.59M 110.25M

Cash Flow Statement - NZL 2022 Annual Report

The 2022 annual cash flow statement of New Zealand Rural Land Company Limited showed that the net income increased by $21.54M (119%) compared to previous reporting period. Also the capital expenditure of NZL increased by $0 (0%).

As of 2022, the total cash from investing activities was -102.69M and total cash from financing activities was 79.03M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 39.68M 18.14M
Capital Expenditures -181k -181k
Dividends Paid -1.75M -1.75M
Total Cash From From Investing Activities -102.69M -151.43M
Total Cash From From Financing Activities 79.03M 177.01M

New Zealand Rural Land Company Limited Annual Report History

Income Statement

Income Statement history of New Zealand Rural Land Company Limited (NZX:NZL)

30 Jun 2022 30 Jun 2021
Total Revenue 8.21M 597.6k
Cost Of Revenue 632k 118.8k
Gross Profit 7.58M 478.8k
Research Development - -
Selling General Administrative 4.87M 2.58M
Non Recurring - -
Other Operating Expenses - -
Total Operating Expenses 5.5M 2.7M
Operating Income 2.71M -2.1M
Total Other Income Expense Net 36.4M 19.61M
Ebit 2.71M -2.1M
Interest Expense -2.41M -135.6k
Income Before Tax 39.11M 17.51M
Income Tax Expense -567k -626.4k
Minority Interest - -
Net Income From Continuing Ops 39.68M 18.14M
Discontinued Operations - -
Extraordinary Items - -
Effect Of Accounting Charges - -
Other Items - -
Net Income 39.68M 18.14M
Net Income Applicable To Common Shares 39.68M 18.14M

Balance Sheet Statement

Balance Sheet Statement history of New Zealand Rural Land Company Limited (NZX:NZL)

30 Jun 2022 30 Jun 2021
Cash 1M 20.5M
Net Receivables 1.11M 422k
Other Current Assets 312k 269k
Total Current Assets 2.42M 21.19M
Long Term Investments 1.79M -
Property Plant Equipment 264.9M 137.68M
Other Assets 19.9M 6.07M
Deferred Long Term Asset Charges 1.09M 522k
Total Assets 289.01M 164.94M
Accounts Payable 908k 308k
Other Current Liab 729k -
Long Term Debt 100.77M 54.38M
Total Current Liabilities 1.65M 308k
Total Liab 102.42M 54.68M
Common Stock 130.18M 95.89M
Retained Earnings 52.85M 15.12M
Treasury Stock 3.56M -754k
Other Stockholder Equity 3.56M -754k
Total Stockholder Equity 186.59M 110.25M
Net Tangible Assets 186.59M 110.25M

Cash Flow Statement

Cash Flow Statement history of New Zealand Rural Land Company Limited (NZX:NZL)

30 Jun 2022 30 Jun 2021
Net Income 39.68M 18.14M
Change To Netincome -35.52M -18.74M
Change To Liabilities 649k 369.6k
Change To Operating Activities -698k -734.4k
Total Cash From Operating Activities 4.17M -991.2k
Capital Expenditures -181k -181k
Total Cashflows From Investing Activities -102.69M -151.43M
Dividends Paid -1.75M -1.75M
Net Borrowings 46.51M 65.55M
Other Cashflows From Financing Activities -551k -2.84M
Total Cash From Financing Activities 79.03M 177.01M
Change In Cash -19.49M 24.6M
Issuance Of Stock 34.82M 114.3M