New Zealand Oil & Gas Limited (NZX:NZO) Annual Report 2021

The latest annual report of New Zealand Oil & Gas Limited (NZO) 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 - NZO Annual Results

^{Amounts in NZD}

Total Revenue

36.01M

Gross Profit

19.14M

EBIT

-28.85M

Net Tangible Assets

97.44M

Net Income

-36.44M

Capital Expenditures

-38.72M

NZO Income Statement 2021 Annual Report

As per the latest Income Statement of NZO, the Net revenue decreased by $-1.26M (-3%) compared to the previous period. The operating income in 2021 decreased by $-30.71M (-1655%). The net income as per the annual report was -36.44M which decreased by $-35.05M (-2536%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	36.01M	37.27M
Gross Profit	19.14M	19.42M
Operating Income	-28.85M	1.85M
Income Before Tax	-37.27M	3.44M
Net Income	-36.44M	-1.38M

Balance Sheet - NZO 2021 Annual Report

Read further: NZO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of New Zealand Oil & Gas Limited showed the company reduced the cash on balance sheet by $-27.17M (-28%). The Net tangible assets of NZO on the balance sheet were at 97.44M which is $-36.40M (-27%) less than previous annual report. The total stockholder equity also decreased by $-36.25M (-27%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	70.73M	97.9M
Total Assets	143.32M	185.3M
Long Term Debt	-	-
Total Liabilities	39.42M	37.74M
Total Shareholder Equity	99.32M	135.57M
Net Tangible Assets	97.44M	133.84M

Cash Flow Statement - NZO 2021 Annual Report

The 2021 annual cash flow statement of New Zealand Oil & Gas Limited showed that the net income decreased by $-35.05M (-2536%) compared to previous reporting period. Also the capital expenditure of NZO decreased by $-30.37M (-364%).

As of 2021, the total cash from investing activities was -38.72M and total cash from financing activities was -273k.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	-36.44M	-1.38M
Capital Expenditures	-38.72M	-8.35M
Dividends Paid	-	-
Total Cash From From Investing Activities	-38.72M	-8.35M
Total Cash From From Financing Activities	-273k	-249k

New Zealand Oil & Gas Limited Annual Report History

Income Statement

Income Statement history of New Zealand Oil & Gas Limited (NZX:NZO)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Total Revenue	36.01M	37.27M	43.32M	35.81M
Cost Of Revenue	16.86M	17.85M	17.76M	20.91M
Gross Profit	19.14M	19.42M	25.56M	14.9M
Research Development	-	-	-	-
Selling General Administrative	-	-	-	-
Non Recurring	-	-	-	-
Other Operating Expenses	12.21M	10.75M	11.27M	10.99M
Total Operating Expenses	64.86M	35.41M	44.47M	36.6M
Operating Income	-28.85M	1.85M	-1.15M	-788k
Total Other Income Expense Net	-8.42M	1.58M	1.94M	4.42M
Ebit	-28.85M	1.85M	-1.15M	-788k
Interest Expense	-9k	-9k	-9k	-9k
Income Before Tax	-37.27M	3.44M	785k	3.63M
Income Tax Expense	5.99M	4.21M	3.67M	-1.2M
Minority Interest	4.58M	11.99M	11.04M	6.67M
Net Income From Continuing Ops	-43.26M	-772k	-2.89M	4.83M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	-36.44M	-1.38M	-7.48M	762k
Net Income Applicable To Common Shares	-36.44M	-1.38M	-7.48M	762k

Balance Sheet Statement

Balance Sheet Statement history of New Zealand Oil & Gas Limited (NZX:NZO)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Cash	70.73M	97.9M	93.54M	98.01M
Net Receivables	8.83M	6.23M	7.82M	11.52M
Inventory	1.14M	788k	2.6M	2.25M
Other Current Assets	180k	12.98M	12.05M	-
Total Current Assets	81.19M	118.28M	116.18M	112.03M
Property Plant Equipment	53.98M	59.17M	62.63M	72.31M
Intangible Assets	1.88M	1.73M	47k	487k
Other Assets	6.28M	6.12M	5.53M	16k
Total Assets	143.32M	185.3M	184.38M	184.85M
Accounts Payable	3.05M	1.45M	1.57M	2.7M
Other Current Liab	5.6M	5.65M	7.81M	9.87M
Other Liab	29.76M	29.72M	27.76M	19.44M
Minority Interest	4.58M	11.99M	11.04M	6.67M
Total Current Liabilities	9.66M	8.02M	10.29M	13.84M
Total Liab	39.42M	37.74M	38.05M	33.28M
Common Stock	211.9M	211.9M	211.91M	211.92M
Retained Earnings	-117.54M	-80.44M	-79.07M	-74.58M
Treasury Stock	4.96M	4.11M	2.46M	7.56M
Other Stockholder Equity	4.96M	4.11M	2.46M	7.56M
Total Stockholder Equity	99.32M	135.57M	135.3M	144.9M
Net Tangible Assets	97.44M	133.84M	135.25M	144.41M
Long Term Debt	-	-	-	-

Cash Flow Statement

Cash Flow Statement history of New Zealand Oil & Gas Limited (NZX:NZO)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Net Income	-36.44M	-1.38M	-7.48M	762k
Depreciation	6.93M	11.68M	16.24M	8.93M
Change To Netincome	38.18M	2.6M	12.44M	1.6M
Change To Account Receivables	-2.26M	1.14M	3.78M	-4.71M
Change To Liabilities	1.2M	-508k	-2.46M	1.62M
Change To Inventory	-348k	207k	-314k	-314k
Change To Operating Activities	-1.31M	-855k	82k	82k
Total Cash From Operating Activities	6.04M	10.91M	21.3M	10.56M
Capital Expenditures	-38.72M	-8.35M	-13.94M	-9.15M
Total Cashflows From Investing Activities	-38.72M	-8.35M	-13.94M	-38.8M
Net Borrowings	-273k	-242k	-242k	-242k
Total Cash From Financing Activities	-273k	-249k	-11k	-3.52M
Effect Of Exchange Rate	-7.04M	2.86M	224k	4.66M
Change In Cash	-39.99M	5.17M	7.58M	-27.09M
Dividends Paid	-	-	-	-6.8M