PGG Wrightson Limited (NZX:PGW) Annual Report 2022

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

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

PGW Income Statement 2022 Annual Report

As per the latest Income Statement of PGW, the Net revenue increased by $104.89M (12%) compared to the previous period. The operating income in 2022 increased by $10.38M (36%). The net income as per the annual report was 24.29M which increased by $1.57M (7%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 952.7M 847.82M
Gross Profit 248.52M 223.23M
Operating Income 39.13M 28.75M
Income Before Tax 32.56M 29.41M
Net Income 24.29M 22.71M

Balance Sheet - PGW 2022 Annual Report

Read further: PGW Balance Sheet Detailed Analysis

The latest balance sheet from annual result of PGG Wrightson Limited showed the company increased the cash on balance sheet by $1.31M (39%). The Net tangible assets of PGW on the balance sheet were at 160.58M which is $2.71M (2%) more than previous annual report. The total stockholder equity also decreased by $-854000 (0%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 4.68M 3.37M
Total Assets 509.95M 453.03M
Long Term Debt 30M -
Total Liabilities 337.27M 279.5M
Total Shareholder Equity 172.68M 173.54M
Net Tangible Assets 160.58M 157.88M

Cash Flow Statement - PGW 2022 Annual Report

The 2022 annual cash flow statement of PGG Wrightson Limited showed that the net income increased by $1.57M (7%) compared to previous reporting period. Also the capital expenditure of PGW decreased by $-426000 (-8%).

As of 2022, the total cash from investing activities was -7.75M and total cash from financing activities was -14.6M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 24.29M 22.71M
Capital Expenditures -5.93M -5.5M
Dividends Paid -23.33M -9.34M
Total Cash From From Investing Activities -7.75M -3.43M
Total Cash From From Financing Activities -14.6M -67.74M

PGG Wrightson Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 952.7M 847.82M 788.04M 798.83M
Cost Of Revenue 704.18M 624.59M 584.05M 579.28M
Gross Profit 248.52M 223.23M 203.99M 219.55M
Research Development - - - -
Selling General Administrative 144.11M 129.22M 123.6M 154.36M
Non Recurring - - - -
Other Operating Expenses 36.78M 37.14M 38.04M 40.25M
Total Operating Expenses 913.57M 819.07M 772.51M 783.53M
Operating Income 39.13M 28.75M 15.53M 15.3M
Total Other Income Expense Net -6.57M 667k -5.71M -11.16M
Ebit 39.13M 28.75M 15.53M 15.3M
Interest Expense -4.74M -4.68M -5.11M -6M
Income Before Tax 32.56M 29.41M 9.82M 4.14M
Income Tax Expense 8.27M 6.69M 2.83M -370k
Minority Interest - - - -
Net Income From Continuing Ops 24.29M 22.72M 6.99M 4.51M
Discontinued Operations - -7k 707k 127.3M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 24.29M 22.71M 7.7M 131.12M
Net Income Applicable To Common Shares 24.29M 22.71M 7.7M 131.12M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 4.68M 3.37M 16.87M 210.49M
Net Receivables 230.3M 191.7M 172.49M 191.33M
Inventory 102.05M 81.5M 83.43M 85.97M
Other Current Assets 4.68M 3.73M 2.81M 5.2M
Total Current Assets 347.14M 282.63M 277.56M 495.29M
Long Term Investments 581k 566k 550k 541k
Property Plant Equipment 138.73M 145.69M 150.96M 44.7M
Intangible Assets 12.1M 15.66M 15.87M 14.64M
Other Assets 11.4M 8.48M 10.93M 10.38M
Deferred Long Term Asset Charges 10.68M 8.17M 10.66M 9.98M
Total Assets 509.95M 453.03M 455.86M 565.55M
Accounts Payable 189.29M 158.88M 132.6M 155.9M
Short Long Term Debt 7.5M 9.9M 30M 2.68M
Other Current Liab 8.92M 3.71M 562k 1.13M
Long Term Debt 30M - 20M -
Other Liab 5.04M 2.99M 12.69M 7.58M
Total Current Liabilities 223.94M 190.12M 179.67M 159.71M
Total Liab 337.27M 279.5M 302.75M 167.29M
Common Stock 372.32M 372.32M 372.32M 606.32M
Retained Earnings -212.61M -213.56M -226.8M -218.48M
Treasury Stock 12.97M 14.78M 7.59M 10.42M
Other Stockholder Equity 12.97M 14.78M 7.59M 10.42M
Total Stockholder Equity 172.68M 173.54M 153.11M 398.26M
Net Tangible Assets 160.58M 157.88M 137.24M 383.62M

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 24.29M 22.71M 7.7M 131.12M
Depreciation 25.18M 25.13M 25.51M 7.67M
Change To Netincome -997k -2.29M 688k -136.5M
Change To Account Receivables -41.91M -22.69M 22.82M 85.94M
Change To Liabilities 26.8M 26.47M -22.22M -112.76M
Change To Inventory -20.77M 759k -915k 176.57M
Change To Operating Activities 3.78M -1.48M 389k -201.03M
Total Cash From Operating Activities 23.66M 57.67M 31.45M -49M
Capital Expenditures -5.93M -5.5M -5.42M -11.57M
Investments 7k 136k 136k 395.16M
Total Cashflows From Investing Activities -7.75M -3.43M -8.25M 379.28M
Dividends Paid -23.33M -9.34M -12.56M -15.27M
Net Borrowings 8.73M -58.4M 29.73M -114.25M
Total Cash From Financing Activities -14.6M -67.74M -216.83M -130.71M
Change In Cash 1.31M -13.5M -193.62M 199.56M