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	-	-	-	-