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)

20212020
Total Revenue108.65M97.39M
Gross Profit91.81M81.33M
Operating Income84.34M75.48M
Income Before Tax472.83M135.69M
Net Income452.81M113.45M

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)

20212020
Cash1.1M1.41M
Total Assets2.22B 1.69B
Long Term Debt603.26M512.69M
Total Liabilities654.34M 550.75M
Total Shareholder Equity1.56B1.14B
Net Tangible Assets1.53B1.11B

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)

20212020
Net Income452.81M113.45M
Capital Expenditures--
Dividends Paid-27.07M-31.38M
Total Cash From From Investing Activities-140.61M-77.75M
Total Cash From From Financing Activities84.17M42.81M

Property For Industry Limited Annual Report History

Income Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue108.65M97.39M96.1M89.81M
Cost Of Revenue16.84M16.06M14.85M12.51M
Gross Profit91.81M81.33M81.25M77.3M
Research Development----
Selling General Administrative7.46M5.85M5.07M4.68M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses24.31M21.91M19.92M17.19M
Operating Income84.34M75.48M76.18M72.62M
Total Other Income Expense Net388.48M60.22M114.2M49.67M
Ebit84.34M75.48M76.18M72.62M
Interest Expense-7.83M-17.59M-16.43M-16.76M
Income Before Tax472.83M135.69M190.38M122.3M
Income Tax Expense20.02M22.24M14.09M12.2M
Minority Interest----
Net Income From Continuing Ops452.81M113.45M176.29M110.09M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income452.81M113.45M176.29M110.09M
Net Income Applicable To Common Shares452.81M113.45M176.29M110.09M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash1.1M1.41M1.19M1.65M
Net Receivables1.83M1.86M1.41M903k
Other Current Assets14.01M110.24M7.91M3.65M
Total Current Assets16.95M113.51M10.5M6.2M
Long Term Investments11.62M19.41M13.21M4.89M
Property Plant Equipment2.16B1.53B1.47B1.32B
Good Will29.09M29.09M29.09M29.09M
Total Assets2.22B1.69B1.52B1.36B
Accounts Payable1.57M1.01M1.71M1.61M
Short Long Term Debt710k340k840k94k
Other Current Liab3.56M3.25M12.87M8.8M
Long Term Debt603.26M512.69M431.93M412.2M
Other Liab34.42M25.16M13.19M12.2M
Total Current Liabilities16.61M12.74M23.3M19.36M
Total Liab654.34M550.75M468.66M443.76M
Common Stock581M569.17M562.43M562.43M
Retained Earnings980.92M566.83M491.34M352.71M
Treasury Stock751k615k270k-
Other Stockholder Equity751k615k270k-
Total Stockholder Equity1.56B1.14B1.05B915.13M
Net Tangible Assets1.53B1.11B1.02B886.05M

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income452.81M113.45M176.29M110.09M
Depreciation181k173k124k55k
Change To Netincome-399.01M-65.54M-131.71M-65.13M
Change To Account Receivables-351k-3.07M-977k-689k
Change To Liabilities2.19M-236k587k583k
Total Cash From Operating Activities56.12M35.16M48.37M53.75M
Other Cashflows From Investing Activities900k5.24M1.12M1.12M
Total Cashflows From Investing Activities-140.61M-77.75M-25.6M-43.15M
Dividends Paid-27.07M-31.38M-37.65M-37.9M
Net Borrowings111.25M74.19M14.42M28.35M
Total Cash From Financing Activities84.17M42.81M-23.24M-9.55M
Change In Cash-311k229k-467k1.05M
Capital Expenditures----