New Zealand Oil & Gas Limited (NZX:NZO) Annual Report 2022



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

Amounts in NZD

Total Revenue
83.81M
Gross Profit
45.56M
EBIT
25.64M
Net Tangible Assets
145.75M
Net Income
17.16M
Capital Expenditures
-19.2M

NZO Income Statement 2022 Annual Report

As per the latest Income Statement of NZO, the Net revenue increased by $47.80M (133%) compared to the previous period. The operating income in 2022 increased by $54.51M (189%). The net income as per the annual report was 17.16M which increased by $53.59M (147%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 83.81M 36.01M
Gross Profit 45.56M 19.14M
Operating Income 25.64M -28.86M
Income Before Tax 22.51M -37.27M
Net Income 17.16M -36.44M

Balance Sheet - NZO 2022 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 $-6.14M (-9%). The Net tangible assets of NZO on the balance sheet were at 145.75M which is $48.30M (50%) more than previous annual report. The total stockholder equity also increased by $49.33M (50%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 64.59M 70.73M
Total Assets 282.36M 143.32M
Long Term Debt - -
Total Liabilities 119.95M 39.42M
Total Shareholder Equity 148.65M 99.32M
Net Tangible Assets 145.75M 97.44M

Cash Flow Statement - NZO 2022 Annual Report

The 2022 annual cash flow statement of New Zealand Oil & Gas Limited showed that the net income increased by $53.59M (147%) compared to previous reporting period. Also the capital expenditure of NZO increased by $19.51M (50%).

As of 2022, the total cash from investing activities was -63.58M and total cash from financing activities was 24.75M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 17.16M -36.44M
Capital Expenditures -19.2M -38.72M
Dividends Paid - -
Total Cash From From Investing Activities -63.58M -38.72M
Total Cash From From Financing Activities 24.75M -273k

New Zealand Oil & Gas Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 83.81M 36.01M 37.27M 43.32M
Cost Of Revenue 38.25M 16.86M 17.85M 17.76M
Gross Profit 45.56M 19.14M 19.42M 25.56M
Research Development - - - -
Selling General Administrative - - - -
Non Recurring - - - -
Other Operating Expenses 13.23M 12.23M 10.75M 11.27M
Total Operating Expenses 58.16M 64.87M 35.41M 44.47M
Operating Income 25.64M -28.86M 1.85M -1.15M
Total Other Income Expense Net -3.13M -8.41M 1.58M 1.94M
Ebit 25.64M -28.86M 1.85M -1.15M
Interest Expense - - -9k -9k
Income Before Tax 22.51M -37.27M 3.44M 785k
Income Tax Expense -3.21M 5.99M 4.21M 3.67M
Minority Interest 13.76M 4.58M 11.99M 11.04M
Net Income From Continuing Ops 25.72M -43.26M -772k -2.89M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 17.16M -36.44M -1.38M -7.48M
Net Income Applicable To Common Shares 17.16M -36.44M -1.38M -7.48M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 64.59M 70.73M 97.9M 93.54M
Net Receivables 14.04M 8.83M 6.23M 7.82M
Inventory 2.76M 1.14M 788k 2.6M
Other Current Assets 131k 180k 12.98M 12.05M
Total Current Assets 82.06M 81.19M 118.28M 116.18M
Property Plant Equipment 181.63M 53.98M 59.17M 62.63M
Intangible Assets 2.9M 1.88M 1.73M 47k
Other Assets 15.77M 6.28M 6.12M 5.53M
Deferred Long Term Asset Charges 8.42M - - -
Total Assets 282.36M 143.32M 185.3M 184.38M
Accounts Payable 5.44M 3.05M 1.45M 1.57M
Other Current Liab 41.56M 5.6M 5.65M 7.81M
Other Liab 71.24M 29.48M 29.72M 27.76M
Minority Interest 13.76M 4.58M 11.99M 11.04M
Total Current Liabilities 48.48M 9.66M 8.02M 10.29M
Total Liab 119.95M 39.42M 37.74M 38.05M
Common Stock 236.88M 211.9M 211.9M 211.91M
Retained Earnings -99.88M -117.54M -80.44M -79.07M
Treasury Stock 11.64M 4.96M 4.11M 2.46M
Other Stockholder Equity 11.64M 4.96M 4.11M 2.46M
Total Stockholder Equity 148.65M 99.32M 135.57M 135.3M
Net Tangible Assets 145.75M 97.44M 133.84M 135.25M
Long Term Debt - - - -

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 17.16M -36.44M -1.38M -7.48M
Depreciation 14.03M 6.93M 11.68M 16.24M
Change To Netincome 1.18M 38.18M 2.6M 12.44M
Change To Account Receivables -5.22M -2.26M 1.14M 3.78M
Change To Liabilities 3.97M 1.2M -508k -2.46M
Change To Inventory -405k -348k 207k -314k
Change To Operating Activities 51k -1.31M -855k 82k
Total Cash From Operating Activities 31.47M 6.04M 10.91M 21.3M
Capital Expenditures -19.2M -38.72M -8.35M -13.94M
Investments -446k -446k -446k -446k
Total Cashflows From Investing Activities -63.58M -38.72M -8.35M -13.94M
Net Borrowings -231k -273k -242k -242k
Total Cash From Financing Activities 24.75M -273k -249k -11k
Effect Of Exchange Rate 1.18M -7.04M 2.86M 224k
Change In Cash -6.17M -39.99M 5.17M 7.58M
Issuance Of Stock 24.98M 24.98M 24.98M 6k
Dividends Paid - - - -