Port of Tauranga Limited (NZX:POT) Annual Report 2022



The latest annual report of Port of Tauranga Limited (POT) 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 - POT Annual Results

Amounts in NZD

Total Revenue
375.29M
Gross Profit
216.31M
EBIT
156.42M
Net Tangible Assets
2.05B
Net Income
111.32M
Capital Expenditures
-21.45M

POT Income Statement 2022 Annual Report

As per the latest Income Statement of POT, the Net revenue increased by $37.01M (11%) compared to the previous period. The operating income in 2022 increased by $13.28M (9%). The net income as per the annual report was 111.32M which increased by $8.94M (9%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 375.29M 338.28M
Gross Profit 216.31M 198.44M
Operating Income 156.42M 143.14M
Income Before Tax 150.4M 137.01M
Net Income 111.32M 102.38M

Balance Sheet - POT 2022 Annual Report

Read further: POT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Port of Tauranga Limited showed the company reduced the cash on balance sheet by $-614000 (-8%). The Net tangible assets of POT on the balance sheet were at 2.05B which is $678.66M (49%) more than previous annual report. The total stockholder equity also increased by $677.47M (48%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 7.27M 7.89M
Total Assets 2.74B 2.08B
Long Term Debt 324.88M 228.76M
Total Liabilities 669.09M 684.3M
Total Shareholder Equity 2.07B 1.4B
Net Tangible Assets 2.05B 1.37B

Cash Flow Statement - POT 2022 Annual Report

The 2022 annual cash flow statement of Port of Tauranga Limited showed that the net income increased by $8.94M (9%) compared to previous reporting period. Also the capital expenditure of POT increased by $909000 (4%).

As of 2022, the total cash from investing activities was -14.12M and total cash from financing activities was -131.74M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 111.32M 102.38M
Capital Expenditures -21.45M -22.36M
Dividends Paid -95.24M -84.35M
Total Cash From From Investing Activities -14.12M -12.16M
Total Cash From From Financing Activities -131.74M -88.2M

Port of Tauranga Limited Annual Report History

Income Statement

Income Statement history of Port of Tauranga Limited (NZX:POT)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 375.29M 338.28M 301.99M 313.26M
Cost Of Revenue 158.97M 139.84M 123.21M 124.78M
Gross Profit 216.31M 198.44M 178.77M 188.48M
Research Development - - - -
Selling General Administrative - - - -
Non Recurring - - - -
Other Operating Expenses 23.24M 21.31M 16.55M 15.31M
Total Operating Expenses 218.87M 195.15M 169.5M 167.68M
Operating Income 156.42M 143.14M 132.48M 145.59M
Total Other Income Expense Net -6.02M -6.13M -15.38M -10.58M
Ebit 156.42M 143.14M 132.48M 145.59M
Interest Expense -16.37M -16.65M -18.75M -18.46M
Income Before Tax 150.4M 137.01M 117.1M 135.01M
Income Tax Expense 39.08M 34.63M 28.42M 34.43M
Minority Interest - - - -
Net Income From Continuing Ops 111.32M 102.38M 88.68M 100.58M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 111.32M 102.38M 88.68M 100.58M
Net Income Applicable To Common Shares 111.32M 102.38M 88.68M 100.58M

Balance Sheet Statement

Balance Sheet Statement history of Port of Tauranga Limited (NZX:POT)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 7.27M 7.89M 8.56M 3.9M
Net Receivables 54.55M 58.55M 44.18M 60.61M
Inventory 2.01M 1.01M 1.38M 1.37M
Other Current Assets 1.54M 1.14M 4.84M -
Total Current Assets 71.54M 74.16M 61.35M 65.88M
Long Term Investments 198.01M 167.65M 158.59M 132.73M
Property Plant Equipment 2.43B 1.8B 1.61B 1.53B
Good Will 18.42M 18.42M 15.49M 15.49M
Intangible Assets 4.59M 5.78M 3.49M 3.54M
Other Assets 18.61M 16.58M - 12k
Total Assets 2.74B 2.08B 1.85B 1.75B
Accounts Payable 10.96M 10.46M 7.31M 12.14M
Short Long Term Debt 67k 51.15M 75M 50.87M
Other Current Liab 15.17M 10.61M 9.09M 10.96M
Long Term Debt 324.88M 228.76M 258.82M 145.11M
Other Liab 120.26M 90.79M 68.51M 68.17M
Total Current Liabilities 183.34M 323.71M 301.47M 369.7M
Total Liab 669.09M 684.3M 653.61M 582.98M
Common Stock 75.15M 74.92M 69.82M 69.76M
Retained Earnings 93.92M 77.89M 60.05M 95.89M
Treasury Stock 1.91B 1.24B 1.07B 1B
Other Stockholder Equity 1.91B 1.24B 1.07B 1B
Total Stockholder Equity 2.07B 1.4B 1.2B 1.17B
Net Tangible Assets 2.05B 1.37B 1.18B 1.15B

Cash Flow Statement

Cash Flow Statement history of Port of Tauranga Limited (NZX:POT)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 111.32M 102.38M 88.68M 100.58M
Depreciation 36.09M 33.45M 29.25M 27.16M
Change To Netincome -8.21M -11.16M -7.27M -6.46M
Change To Account Receivables 1.48M -31.58M 9.21M -10.61M
Change To Liabilities 1.26M 4.51M -1.78M 1.28M
Change To Inventory -1M 374k -17k -964k
Total Cash From Operating Activities 145.25M 99.68M 117.14M 112.19M
Capital Expenditures -21.45M -22.36M -38.69M -41.4M
Investments 7.91M 10.32M 10.1M 10.84M
Other Cashflows From Investing Activities -488k -488k -488k -488k
Total Cashflows From Investing Activities -14.12M -12.16M -29.1M -31.55M
Dividends Paid -95.24M -84.35M -90.47M -88.43M
Net Borrowings -35.57M -3.85M 41.83M 41.25M
Total Cash From Financing Activities -131.74M -88.2M -83.38M -82.58M
Change In Cash -614k -679k 4.66M -1.93M
Repurchase Of Stock -931k -931k -716k -1.39M