Property For Industry Limited (NZX:PFI) Annual Report 2022



The latest annual report of Property For Industry Limited (PFI) was published on 31 Dec 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 - PFI Annual Results

Amounts in NZD

Total Revenue
110.91M
Gross Profit
93.31M
EBIT
84.8M
Net Tangible Assets
1.5B
Net Income
-13.94M
Capital Expenditures
-

PFI Income Statement 2022 Annual Report

As per the latest Income Statement of PFI, the Net revenue increased by $2.26M (2%) compared to the previous period. The operating income in 2022 increased by $368000 (0%). The net income as per the annual report was -13.94M which decreased by $-466.75M (-103%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 110.91M 108.65M
Gross Profit 93.31M 91.9M
Operating Income 84.8M 84.44M
Income Before Tax -6.53M 472.83M
Net Income -13.94M 452.81M

Balance Sheet - PFI 2022 Annual Report

Read further: PFI Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Property For Industry Limited showed the company increased the cash on balance sheet by $229000 (21%). The Net tangible assets of PFI on the balance sheet were at 1.5B which is $-33.24M (-2%) less than previous annual report. The total stockholder equity also decreased by $-62.32M (-4%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 1.33M 1.1M
Total Assets 2.16B 2.22B
Long Term Debt 612.32M 603.26M
Total Liabilities 662.45M 654.34M
Total Shareholder Equity 1.5B 1.56B
Net Tangible Assets 1.5B 1.53B

Cash Flow Statement - PFI 2022 Annual Report

The 2022 annual cash flow statement of Property For Industry Limited showed that the net income decreased by $-466.75M (-103%) compared to previous reporting period. Also the capital expenditure of PFI increased by $NaN (NaN%).

As of 2022, the total cash from investing activities was -5.66M and total cash from financing activities was -46.19M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -13.94M 452.81M
Capital Expenditures - -
Dividends Paid -39.89M -27.07M
Total Cash From From Investing Activities -5.66M -140.61M
Total Cash From From Financing Activities -46.19M 84.17M

Property For Industry Limited Annual Report History

Income Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 110.91M 108.65M 97.39M 96.1M
Cost Of Revenue 17.6M 16.75M 16.06M 14.85M
Gross Profit 93.31M 91.9M 81.33M 81.25M
Research Development - - - -
Selling General Administrative 8.51M 7.46M 5.85M 5.07M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 26.11M 24.22M 21.91M 19.92M
Operating Income 84.8M 84.44M 75.48M 76.18M
Total Other Income Expense Net -91.34M 388.39M 60.22M 114.2M
Ebit 84.8M 84.44M 75.48M 76.18M
Interest Expense -6.1M -7.83M -17.59M -16.43M
Income Before Tax -6.53M 472.83M 135.69M 190.38M
Income Tax Expense 7.41M 20.02M 22.24M 14.09M
Minority Interest - - - -
Net Income From Continuing Ops -13.94M 452.81M 113.45M 176.29M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -13.94M 452.81M 113.45M 176.29M
Net Income Applicable To Common Shares -13.94M 452.81M 113.45M 176.29M

Balance Sheet Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 1.33M 1.1M 1.41M 1.19M
Net Receivables 1.97M 1.83M 1.86M 1.41M
Other Current Assets 24.23M 14.01M 110.24M 7.91M
Total Current Assets 27.54M 16.95M 113.51M 10.5M
Long Term Investments 35.35M 11.62M 19.41M 13.21M
Property Plant Equipment 2.1B 2.16B 1.53B 1.47B
Total Assets 2.16B 2.22B 1.69B 1.52B
Accounts Payable 3.35M 1.57M 1.01M 1.71M
Other Current Liab 3M 3.56M 3.25M 12.87M
Long Term Debt 612.32M 603.26M 512.69M 431.93M
Other Liab 31.28M 34.42M 25.16M 13.19M
Total Current Liabilities 16.73M 16.61M 12.74M 23.3M
Total Liab 662.45M 654.34M 550.75M 468.66M
Common Stock 572.64M 581M 569.17M 562.43M
Retained Earnings 927.09M 980.92M 566.83M 491.34M
Treasury Stock 615k 751k 615k 270k
Other Stockholder Equity 615k 751k 615k 270k
Total Stockholder Equity 1.5B 1.56B 1.14B 1.05B
Net Tangible Assets 1.5B 1.53B 1.11B 1.02B

Cash Flow Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income -13.94M 452.81M 113.45M 176.29M
Depreciation 190k 181k 173k 124k
Change To Netincome 63.96M -399.01M -65.54M -131.71M
Change To Account Receivables 1.33M -351k -3.07M -977k
Change To Liabilities 1.1M 2.19M -236k 587k
Total Cash From Operating Activities 52.08M 56.12M 35.16M 48.37M
Total Cashflows From Investing Activities -5.66M -140.61M -77.75M -25.6M
Dividends Paid -39.89M -27.07M -31.38M -37.65M
Net Borrowings 2.35M 111.25M 74.19M 14.42M
Total Cash From Financing Activities -46.19M 84.17M 42.81M -23.24M
Change In Cash 229k -311k 229k -467k
Repurchase Of Stock -8.66M -8.66M -8.66M -8.66M
Capital Expenditures - - - -