Port of Tauranga Limited (NZX:POT) Annual Report 2021



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

Amounts in NZD

Total Revenue
338.28M
Gross Profit
198.44M
EBIT
143.14M
Net Tangible Assets
1.37B
Net Income
102.38M
Capital Expenditures
-22.36M

POT Income Statement 2021 Annual Report

As per the latest Income Statement of POT, the Net revenue increased by $36.30M (12%) compared to the previous period. The operating income in 2021 increased by $10.65M (8%). The net income as per the annual report was 102.38M which increased by $13.70M (15%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue338.28M301.99M
Gross Profit198.44M178.77M
Operating Income143.14M132.48M
Income Before Tax137.01M117.1M
Net Income102.38M88.68M

Balance Sheet - POT 2021 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 $-679000 (-8%). The Net tangible assets of POT on the balance sheet were at 1.37B which is $196.56M (17%) more than previous annual report. The total stockholder equity also increased by $201.78M (17%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash7.89M8.56M
Total Assets2.08B 1.85B
Long Term Debt228.76M258.82M
Total Liabilities684.3M 653.61M
Total Shareholder Equity1.4B1.2B
Net Tangible Assets1.37B1.18B

Cash Flow Statement - POT 2021 Annual Report

The 2021 annual cash flow statement of Port of Tauranga Limited showed that the net income increased by $13.70M (15%) compared to previous reporting period. Also the capital expenditure of POT increased by $16.33M (42%).

As of 2021, the total cash from investing activities was -12.16M and total cash from financing activities was -88.2M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income102.38M88.68M
Capital Expenditures-22.36M-38.69M
Dividends Paid-84.35M-90.47M
Total Cash From From Investing Activities-12.16M-29.1M
Total Cash From From Financing Activities-88.2M-83.38M

Port of Tauranga Limited Annual Report History

Income Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue338.28M301.99M313.26M283.73M
Cost Of Revenue139.84M123.21M124.78M115.15M
Gross Profit198.44M178.77M188.48M168.57M
Research Development----
Selling General Administrative---1.53M
Non Recurring----
Other Operating Expenses21.31M16.55M15.31M12.95M
Total Operating Expenses195.15M169.5M167.68M154.9M
Operating Income143.14M132.48M145.59M128.83M
Total Other Income Expense Net-6.13M-15.38M-10.58M-2.44M
Ebit143.14M132.48M145.59M128.83M
Interest Expense-16.65M-18.75M-18.46M-18.33M
Income Before Tax137.01M117.1M135.01M126.39M
Income Tax Expense34.63M28.42M34.43M32.11M
Minority Interest----
Net Income From Continuing Ops102.38M88.68M100.58M94.27M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income102.38M88.68M100.58M94.27M
Net Income Applicable To Common Shares102.38M88.68M100.58M94.27M

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash7.89M8.56M3.9M5.84M
Net Receivables58.55M44.18M60.61M42.85M
Inventory1.01M1.38M1.37M402k
Other Current Assets1.14M4.84M-6.32M
Total Current Assets74.16M61.35M65.88M57.88M
Long Term Investments167.65M158.59M132.73M134.33M
Property Plant Equipment1.8B1.61B1.53B1.45B
Good Will18.42M15.49M15.49M15.49M
Intangible Assets5.78M3.49M3.54M3.03M
Other Assets16.58M-12k25k
Total Assets2.08B1.85B1.75B1.66B
Accounts Payable10.46M7.31M12.14M11.35M
Short Long Term Debt51.15M75M50.87M50.34M
Other Current Liab10.61M9.09M10.96M9.94M
Long Term Debt228.76M258.82M145.11M141.81M
Other Liab90.79M68.51M68.17M72.23M
Total Current Liabilities323.71M301.47M369.7M321.01M
Total Liab684.3M653.61M582.98M535.05M
Common Stock74.92M69.82M69.76M70.75M
Retained Earnings77.89M60.05M95.89M117.98M
Treasury Stock1.24B1.07B1B933.25M
Other Stockholder Equity1.24B1.07B1B933.25M
Total Stockholder Equity1.4B1.2B1.17B1.12B
Net Tangible Assets1.37B1.18B1.15B1.1B

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income102.38M88.68M100.58M94.27M
Depreciation33.45M29.25M27.16M24.91M
Change To Netincome-11.16M-7.27M-6.46M-15.02M
Change To Account Receivables-31.58M9.21M-10.61M-7.48M
Change To Liabilities4.51M-1.78M1.28M1.49M
Change To Inventory374k-17k-964k-360k
Total Cash From Operating Activities99.68M117.14M112.19M99.43M
Capital Expenditures-22.36M-38.69M-41.4M-17.57M
Investments10.32M10.1M10.84M10.38M
Total Cashflows From Investing Activities-12.16M-29.1M-31.55M-7.31M
Dividends Paid-84.35M-90.47M-88.43M-80.99M
Net Borrowings-3.85M41.83M41.25M25.16M
Total Cash From Financing Activities-88.2M-83.38M-82.58M-91.47M
Change In Cash-679k4.66M-1.93M652k