Property For Industry Limited (NZX:PFI) Annual Report 2021



The latest annual report of Property For Industry Limited (PFI) 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 - PFI Annual Results

Amounts in NZD

Total Revenue
108.65M
Gross Profit
91.81M
EBIT
84.34M
Net Tangible Assets
1.53B
Net Income
452.81M
Capital Expenditures
-

PFI Income Statement 2021 Annual Report

As per the latest Income Statement of PFI, the Net revenue increased by $11.26M (12%) compared to the previous period. The operating income in 2021 increased by $8.87M (12%). The net income as per the annual report was 452.81M which increased by $339.36M (299%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 108.65M 97.39M
Gross Profit 91.81M 81.33M
Operating Income 84.34M 75.48M
Income Before Tax 472.83M 135.69M
Net Income 452.81M 113.45M

Balance Sheet - PFI 2021 Annual Report

Read further: PFI Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Property For Industry Limited showed the company reduced the cash on balance sheet by $-311000 (-22%). The Net tangible assets of PFI on the balance sheet were at 1.53B which is $426.05M (38%) more than previous annual report. The total stockholder equity also increased by $426.05M (37%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 1.1M 1.41M
Total Assets 2.22B 1.69B
Long Term Debt 603.26M 512.69M
Total Liabilities 654.34M 550.75M
Total Shareholder Equity 1.56B 1.14B
Net Tangible Assets 1.53B 1.11B

Cash Flow Statement - PFI 2021 Annual Report

The 2021 annual cash flow statement of Property For Industry Limited showed that the net income increased by $339.36M (299%) compared to previous reporting period. Also the capital expenditure of PFI increased by $NaN (NaN%).

As of 2021, the total cash from investing activities was -140.61M and total cash from financing activities was 84.17M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 452.81M 113.45M
Capital Expenditures - -
Dividends Paid -27.07M -31.38M
Total Cash From From Investing Activities -140.61M -77.75M
Total Cash From From Financing Activities 84.17M 42.81M

Property For Industry Limited Annual Report History

Income Statement

Income Statement history of Property For Industry Limited (NZX:PFI)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 108.65M 97.39M 96.1M 89.81M
Cost Of Revenue 16.84M 16.06M 14.85M 12.51M
Gross Profit 91.81M 81.33M 81.25M 77.3M
Research Development - - - -
Selling General Administrative 7.46M 5.85M 5.07M 4.68M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 24.31M 21.91M 19.92M 17.19M
Operating Income 84.34M 75.48M 76.18M 72.62M
Total Other Income Expense Net 388.48M 60.22M 114.2M 49.67M
Ebit 84.34M 75.48M 76.18M 72.62M
Interest Expense -7.83M -17.59M -16.43M -16.76M
Income Before Tax 472.83M 135.69M 190.38M 122.3M
Income Tax Expense 20.02M 22.24M 14.09M 12.2M
Minority Interest - - - -
Net Income From Continuing Ops 452.81M 113.45M 176.29M 110.09M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 452.81M 113.45M 176.29M 110.09M
Net Income Applicable To Common Shares 452.81M 113.45M 176.29M 110.09M

Balance Sheet Statement

Balance Sheet Statement history of Property For Industry Limited (NZX:PFI)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 1.1M 1.41M 1.19M 1.65M
Net Receivables 1.83M 1.86M 1.41M 903k
Other Current Assets 14.01M 110.24M 7.91M 3.65M
Total Current Assets 16.95M 113.51M 10.5M 6.2M
Long Term Investments 11.62M 19.41M 13.21M 4.89M
Property Plant Equipment 2.16B 1.53B 1.47B 1.32B
Good Will 29.09M 29.09M 29.09M 29.09M
Total Assets 2.22B 1.69B 1.52B 1.36B
Accounts Payable 1.57M 1.01M 1.71M 1.61M
Short Long Term Debt 710k 340k 840k 94k
Other Current Liab 3.56M 3.25M 12.87M 8.8M
Long Term Debt 603.26M 512.69M 431.93M 412.2M
Other Liab 34.42M 25.16M 13.19M 12.2M
Total Current Liabilities 16.61M 12.74M 23.3M 19.36M
Total Liab 654.34M 550.75M 468.66M 443.76M
Common Stock 581M 569.17M 562.43M 562.43M
Retained Earnings 980.92M 566.83M 491.34M 352.71M
Treasury Stock 751k 615k 270k -
Other Stockholder Equity 751k 615k 270k -
Total Stockholder Equity 1.56B 1.14B 1.05B 915.13M
Net Tangible Assets 1.53B 1.11B 1.02B 886.05M

Cash Flow Statement

Cash Flow Statement history of Property For Industry Limited (NZX:PFI)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 452.81M 113.45M 176.29M 110.09M
Depreciation 181k 173k 124k 55k
Change To Netincome -399.01M -65.54M -131.71M -65.13M
Change To Account Receivables -351k -3.07M -977k -689k
Change To Liabilities 2.19M -236k 587k 583k
Total Cash From Operating Activities 56.12M 35.16M 48.37M 53.75M
Other Cashflows From Investing Activities 900k 5.24M 1.12M 1.12M
Total Cashflows From Investing Activities -140.61M -77.75M -25.6M -43.15M
Dividends Paid -27.07M -31.38M -37.65M -37.9M
Net Borrowings 111.25M 74.19M 14.42M 28.35M
Total Cash From Financing Activities 84.17M 42.81M -23.24M -9.55M
Change In Cash -311k 229k -467k 1.05M
Capital Expenditures - - - -