NZME Limited (NZX:NZM) Annual Report 2021



The latest annual report of NZME Limited (NZM) was published on 31 Dec 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 - NZM Annual Results

Amounts in NZD

Total Revenue
348.56M
Gross Profit
71.9M
EBIT
39.84M
Net Tangible Assets
19M
Net Income
34.65M
Capital Expenditures
-6.5M

NZM Income Statement 2021 Annual Report

As per the latest Income Statement of NZM, the Net revenue increased by $26.42M (8%) compared to the previous period. The operating income in 2021 increased by $10.94M (38%). The net income as per the annual report was 34.65M which increased by $19.86M (134%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 348.56M 322.14M
Gross Profit 71.9M 62.57M
Operating Income 39.84M 28.91M
Income Before Tax 42.25M 19.21M
Net Income 34.65M 14.79M

Balance Sheet - NZM 2021 Annual Report

Read further: NZM Balance Sheet Detailed Analysis

The latest balance sheet from annual result of NZME Limited showed the company increased the cash on balance sheet by $1.98M (17%). The Net tangible assets of NZM on the balance sheet were at 19M which is $35.40M (216%) more than previous annual report. The total stockholder equity also increased by $30.82M (24%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 13.54M 11.56M
Total Assets 312.37M 332.41M
Long Term Debt - 45.69M
Total Liabilities 155.25M 205.91M
Total Shareholder Equity 157.2M 126.38M
Net Tangible Assets 19M -16.4M

Cash Flow Statement - NZM 2021 Annual Report

The 2021 annual cash flow statement of NZME Limited showed that the net income increased by $19.86M (134%) compared to previous reporting period. Also the capital expenditure of NZM decreased by $-1.51M (-30%).

As of 2021, the total cash from investing activities was 12.85M and total cash from financing activities was -62.71M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 34.65M 14.79M
Capital Expenditures -6.5M -5M
Dividends Paid -5.93M -5.93M
Total Cash From From Investing Activities 12.85M -4.97M
Total Cash From From Financing Activities -62.71M -53.47M

NZME Limited Annual Report History

Income Statement

Income Statement history of NZME Limited (NZX:NZM)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 348.56M 322.14M 371.08M 388.27M
Cost Of Revenue 276.66M 259.57M 300.34M 314.43M
Gross Profit 71.9M 62.57M 70.74M 73.84M
Research Development - - - -
Selling General Administrative 6.5M 5.61M 6.72M 22.02M
Non Recurring - - - -
Other Operating Expenses -760k -489k -1.11M -516k
Total Operating Expenses 308.72M 293.23M 337.62M 360.49M
Operating Income 39.84M 28.91M 33.46M 27.78M
Total Other Income Expense Net 2.41M -9.7M -193.06M -11.39M
Ebit 39.84M 28.91M 33.46M 27.78M
Interest Expense -7.28M -8.25M -9.49M -4.64M
Income Before Tax 42.25M 19.21M -159.6M 16.39M
Income Tax Expense 7.82M 4.73M 5.57M 4.82M
Minority Interest -86k 125k 430k 937k
Net Income From Continuing Ops 34.43M 14.48M -165.17M 11.57M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 34.65M 14.79M -164.66M 11.73M
Net Income Applicable To Common Shares 34.65M 14.79M -164.66M 11.73M

Balance Sheet Statement

Balance Sheet Statement history of NZME Limited (NZX:NZM)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 13.54M 11.56M 14.42M 11.72M
Net Receivables 45.18M 43.88M 52.45M 58.02M
Inventory 1.91M 1.48M 1.94M 1.87M
Other Current Assets 25k 2.17M - -
Total Current Assets 60.65M 59.09M 68.81M 71.61M
Long Term Investments 4.44M 4.98M 4.12M 5.36M
Property Plant Equipment 98.5M 122.58M 129.07M 55.9M
Intangible Assets 138.19M 142.77M 150.26M 259.13M
Other Assets 10.59M 2.99M 1.58M -
Deferred Long Term Asset Charges 3.48M 1.91M - -
Total Assets 312.37M 332.41M 353.84M 462.78M
Accounts Payable 31.21M 25.77M 31.13M 43.11M
Other Current Liab 21.59M 22.38M 14.78M 359k
Minority Interest -86k 125k 430k 937k
Total Current Liabilities 69.81M 63.7M 62.81M 52.04M
Total Liab 155.25M 205.91M 237.37M 176.14M
Common Stock 361.76M 361.76M 360.77M 360.36M
Retained Earnings -209.48M -238.87M -247.71M -77.66M
Treasury Stock 4.92M 3.48M 2.98M 3M
Other Stockholder Equity 4.92M 3.48M 2.98M 3M
Total Stockholder Equity 157.2M 126.38M 116.04M 285.7M
Net Tangible Assets 19M -16.4M -34.22M -44.21M
Long Term Debt - 45.69M 89.15M 109.99M

Cash Flow Statement

Cash Flow Statement history of NZME Limited (NZX:NZM)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 34.65M 14.79M -164.66M 11.73M
Depreciation 22.82M 23.86M 24.63M 17.62M
Change To Netincome -11.43M 5.08M 176.27M -6.44M
Change To Account Receivables -503k 7.72M 4.03M -2.8M
Change To Liabilities 2.81M -1.74M 182k -4.82M
Change To Inventory -429k 464k -78k 61k
Change To Operating Activities 182k 503k -630k -571k
Total Cash From Operating Activities 51.84M 55.58M 46.97M 21.84M
Capital Expenditures -6.5M -5M -11.84M -14.08M
Total Cashflows From Investing Activities 12.85M -4.97M -11.72M -14.1M
Dividends Paid -5.93M -5.93M -5.93M -15.68M
Net Borrowings -56.78M -52.98M -32.51M 10.5M
Total Cash From Financing Activities -62.71M -53.47M -32.55M -5.6M
Change In Cash 1.98M -2.86M 2.7M 2.15M