PGG Wrightson Limited (NZX:PGW) Annual Report 2021



The latest annual report of PGG Wrightson Limited (PGW) was published on 30 Jun 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 - PGW Annual Results

Amounts in NZD

Total Revenue
847.82M
Gross Profit
223.23M
EBIT
28.75M
Net Tangible Assets
157.88M
Net Income
22.71M
Capital Expenditures
-5.5M

PGW Income Statement 2021 Annual Report

As per the latest Income Statement of PGW, the Net revenue increased by $59.78M (8%) compared to the previous period. The operating income in 2021 increased by $13.22M (85%). The net income as per the annual report was 22.71M which increased by $15.01M (195%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue847.82M788.04M
Gross Profit223.23M203.99M
Operating Income28.75M15.53M
Income Before Tax29.41M9.82M
Net Income22.71M7.7M

Balance Sheet - PGW 2021 Annual Report

Read further: PGW Balance Sheet Detailed Analysis

The latest balance sheet from annual result of PGG Wrightson Limited showed the company reduced the cash on balance sheet by $-13.50M (-80%). The Net tangible assets of PGW on the balance sheet were at 157.88M which is $20.64M (15%) more than previous annual report. The total stockholder equity also increased by $20.43M (13%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash3.37M16.87M
Total Assets453.03M 455.86M
Long Term Debt-20M
Total Liabilities279.5M 302.75M
Total Shareholder Equity173.54M153.11M
Net Tangible Assets157.88M137.24M

Cash Flow Statement - PGW 2021 Annual Report

The 2021 annual cash flow statement of PGG Wrightson Limited showed that the net income increased by $15.01M (195%) compared to previous reporting period. Also the capital expenditure of PGW decreased by $-81000 (-1%).

As of 2021, the total cash from investing activities was -3.43M and total cash from financing activities was -67.74M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income22.71M7.7M
Capital Expenditures-5.5M-5.42M
Dividends Paid-9.34M-12.56M
Total Cash From From Investing Activities-3.43M-8.25M
Total Cash From From Financing Activities-67.74M-216.83M

PGG Wrightson Limited Annual Report History

Income Statement

Income Statement history of PGG Wrightson Limited (NZX:PGW)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue847.82M788.04M798.83M808.7M
Cost Of Revenue624.59M584.05M579.28M588.6M
Gross Profit223.23M203.99M219.55M220.09M
Research Development----
Selling General Administrative129.22M123.6M154.36M156.86M
Non Recurring----
Other Operating Expenses37.14M38.04M40.25M36.21M
Total Operating Expenses819.07M772.51M783.53M788.59M
Operating Income28.75M15.53M15.3M20.11M
Total Other Income Expense Net667k-5.71M-11.16M-7.52M
Ebit28.75M15.53M15.3M20.11M
Interest Expense-4.68M-5.11M-6M-4.42M
Income Before Tax29.41M9.82M4.14M12.59M
Income Tax Expense6.69M2.83M-370k3.58M
Minority Interest---2.48M
Net Income From Continuing Ops22.72M6.99M4.51M9M
Discontinued Operations-7k707k127.3M9.88M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income22.71M7.7M131.12M17.96M
Net Income Applicable To Common Shares22.71M7.7M131.12M17.96M

Balance Sheet Statement

Balance Sheet Statement history of PGG Wrightson Limited (NZX:PGW)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash3.37M16.87M210.49M10.93M
Net Receivables191.7M172.49M191.33M307.78M
Inventory81.5M83.43M85.97M263.45M
Other Current Assets3.73M2.81M5.2M6.08M
Total Current Assets282.63M277.56M495.29M588.27M
Long Term Investments566k550k541k16.84M
Property Plant Equipment145.69M150.96M44.7M124.22M
Intangible Assets15.66M15.87M14.64M13.02M
Other Assets8.48M10.93M10.38M16.28M
Deferred Long Term Asset Charges8.17M10.66M9.98M16.26M
Total Assets453.03M455.86M565.55M758.63M
Accounts Payable158.88M132.6M155.9M267.1M
Short Long Term Debt9.9M30M2.68M30.81M
Other Current Liab3.71M562k1.13M10.4M
Other Liab2.99M12.69M7.58M12.76M
Total Current Liabilities190.12M179.67M159.71M309.2M
Total Liab279.5M302.75M167.29M471.16M
Common Stock372.32M372.32M606.32M606.32M
Retained Earnings-213.56M-226.8M-218.48M-329.99M
Treasury Stock14.78M7.59M10.42M8.65M
Other Stockholder Equity14.78M7.59M10.42M8.65M
Total Stockholder Equity173.54M153.11M398.26M284.98M
Net Tangible Assets157.88M137.24M383.62M271.97M
Long Term Debt-20M-149.21M

Cash Flow Statement

Cash Flow Statement history of PGG Wrightson Limited (NZX:PGW)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income22.71M7.7M131.12M17.96M
Depreciation25.13M25.51M7.67M6.92M
Change To Netincome-2.29M688k-136.5M8.74M
Change To Account Receivables-22.69M22.82M85.94M-45.08M
Change To Liabilities26.47M-22.22M-112.76M19.36M
Change To Inventory759k-915k176.57M-7.37M
Change To Operating Activities-1.48M389k-201.03M1.92M
Total Cash From Operating Activities57.67M31.45M-49M5.77M
Capital Expenditures-5.5M-5.42M-11.57M-15.18M
Investments136k136k395.16M-1.1M
Other Cashflows From Investing Activities-51k-51k-51k-51k
Total Cashflows From Investing Activities-3.43M-8.25M379.28M-20.85M
Dividends Paid-9.34M-12.56M-15.27M-28.57M
Net Borrowings-58.4M29.73M-114.25M42.5M
Total Cash From Financing Activities-67.74M-216.83M-130.71M16.61M
Change In Cash-13.5M-193.62M199.56M1.52M