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)

20212020
Total Revenue36.01M37.27M
Gross Profit19.14M19.42M
Operating Income-28.85M1.85M
Income Before Tax-37.27M3.44M
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)

20212020
Cash70.73M97.9M
Total Assets143.32M 185.3M
Long Term Debt--
Total Liabilities39.42M 37.74M
Total Shareholder Equity99.32M135.57M
Net Tangible Assets97.44M133.84M

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)

20212020
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 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue36.01M37.27M43.32M35.81M
Cost Of Revenue16.86M17.85M17.76M20.91M
Gross Profit19.14M19.42M25.56M14.9M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses12.21M10.75M11.27M10.99M
Total Operating Expenses64.86M35.41M44.47M36.6M
Operating Income-28.85M1.85M-1.15M-788k
Total Other Income Expense Net-8.42M1.58M1.94M4.42M
Ebit-28.85M1.85M-1.15M-788k
Interest Expense-9k-9k-9k-9k
Income Before Tax-37.27M3.44M785k3.63M
Income Tax Expense5.99M4.21M3.67M-1.2M
Minority Interest4.58M11.99M11.04M6.67M
Net Income From Continuing Ops-43.26M-772k-2.89M4.83M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-36.44M-1.38M-7.48M762k
Net Income Applicable To Common Shares-36.44M-1.38M-7.48M762k

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash70.73M97.9M93.54M98.01M
Net Receivables8.83M6.23M7.82M11.52M
Inventory1.14M788k2.6M2.25M
Other Current Assets180k12.98M12.05M-
Total Current Assets81.19M118.28M116.18M112.03M
Property Plant Equipment53.98M59.17M62.63M72.31M
Intangible Assets1.88M1.73M47k487k
Other Assets6.28M6.12M5.53M16k
Total Assets143.32M185.3M184.38M184.85M
Accounts Payable3.05M1.45M1.57M2.7M
Other Current Liab5.6M5.65M7.81M9.87M
Other Liab29.76M29.72M27.76M19.44M
Minority Interest4.58M11.99M11.04M6.67M
Total Current Liabilities9.66M8.02M10.29M13.84M
Total Liab39.42M37.74M38.05M33.28M
Common Stock211.9M211.9M211.91M211.92M
Retained Earnings-117.54M-80.44M-79.07M-74.58M
Treasury Stock4.96M4.11M2.46M7.56M
Other Stockholder Equity4.96M4.11M2.46M7.56M
Total Stockholder Equity99.32M135.57M135.3M144.9M
Net Tangible Assets97.44M133.84M135.25M144.41M
Long Term Debt----

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income-36.44M-1.38M-7.48M762k
Depreciation6.93M11.68M16.24M8.93M
Change To Netincome38.18M2.6M12.44M1.6M
Change To Account Receivables-2.26M1.14M3.78M-4.71M
Change To Liabilities1.2M-508k-2.46M1.62M
Change To Inventory-348k207k-314k-314k
Change To Operating Activities-1.31M-855k82k82k
Total Cash From Operating Activities6.04M10.91M21.3M10.56M
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-7.04M2.86M224k4.66M
Change In Cash-39.99M5.17M7.58M-27.09M
Dividends Paid----6.8M