Rakon Limited (NZX:RAK) Annual Report 2022

The latest annual report of Rakon Limited (RAK) was published on 31 Mar 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 - RAK Annual Results

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

RAK Income Statement 2022 Annual Report

As per the latest Income Statement of RAK, the Net revenue increased by $43.71M (34%) compared to the previous period. The operating income in 2022 increased by $32.13M (316%). The net income as per the annual report was 33.11M which increased by $23.47M (244%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 171.97M 128.26M
Gross Profit 90.06M 58.92M
Operating Income 42.29M 10.15M
Income Before Tax 41.89M 11.16M
Net Income 33.11M 9.64M

Balance Sheet - RAK 2022 Annual Report

Read further: RAK Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Rakon Limited showed the company increased the cash on balance sheet by $24.16M (160%). The Net tangible assets of RAK on the balance sheet were at 131.56M which is $30.99M (31%) more than previous annual report. The total stockholder equity also increased by $31.24M (30%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 39.23M 15.07M
Total Assets 199.87M 154.37M
Long Term Debt 14.68M -
Total Liabilities 64.7M 50.44M
Total Shareholder Equity 135.16M 103.93M
Net Tangible Assets 131.56M 100.58M

Cash Flow Statement - RAK 2022 Annual Report

The 2022 annual cash flow statement of Rakon Limited showed that the net income increased by $23.47M (244%) compared to previous reporting period. Also the capital expenditure of RAK decreased by $-4.27M (-102%).

As of 2022, the total cash from investing activities was -10.17M and total cash from financing activities was 7.38M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 33.11M 9.64M
Capital Expenditures -8.46M -4.19M
Dividends Paid - -
Total Cash From From Investing Activities -10.17M -5.08M
Total Cash From From Financing Activities 7.38M 3.49M

Rakon Limited Annual Report History

Income Statement

Income Statement history of Rakon Limited (NZX:RAK)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 171.97M 128.26M 118.98M 113.98M
Cost Of Revenue 81.91M 69.34M 66.95M 62.32M
Gross Profit 90.06M 58.92M 52.03M 51.67M
Research Development 11.73M 12.94M 12.84M 11.03M
Selling General Administrative 37.62M 36.08M 35.24M 36.31M
Non Recurring - - - -
Other Operating Expenses -1.57M -260k -28k -121k
Total Operating Expenses 129.68M 118.11M 115M 109.53M
Operating Income 42.29M 10.15M 3.98M 4.45M
Total Other Income Expense Net -398k 1.01M -696k 1.02M
Ebit 42.29M 10.15M 3.98M 4.45M
Interest Expense -1.93M -1.61M -1.05M -559k
Income Before Tax 41.89M 11.16M 3.28M 5.47M
Income Tax Expense 8.78M 1.53M -696k 2.11M
Minority Interest - - - -
Net Income From Continuing Ops 33.11M 9.64M 3.98M 3.36M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 33.11M 9.64M 3.98M 3.36M
Net Income Applicable To Common Shares 33.11M 9.64M 3.98M 3.36M

Balance Sheet Statement

Balance Sheet Statement history of Rakon Limited (NZX:RAK)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 39.23M 15.07M 5.09M 4.72M
Net Receivables 43.24M 38.43M 42.28M 37.33M
Inventory 57.32M 37.7M 37.62M 39.31M
Other Current Assets 1.34M 2.52M 27k 307k
Total Current Assets 142.83M 95.01M 86.01M 83.14M
Long Term Investments 18.85M 15.45M 14.63M 14.95M
Property Plant Equipment 26.18M 25.49M 28.65M 19.39M
Good Will 1.29M 1.29M 1.29M 1.29M
Intangible Assets 2.31M 2.06M 2.06M 1.39M
Other Assets 8.4M 15.06M 17.59M 16.34M
Deferred Long Term Asset Charges 1.81M 6.4M 9.25M 7.35M
Total Assets 199.87M 154.37M 150.24M 136.5M
Accounts Payable 21.25M 12.1M 9.51M 13.91M
Short Long Term Debt 1.3M - 24k 100k
Other Current Liab 3.31M 2.83M 7.02M 3.2M
Long Term Debt 14.68M - - -
Other Liab 3.29M 3.53M 5.94M 4.4M
Deferred Long Term Liab 3.56M 4.23M 5.65M 6.46M
Total Current Liabilities 43.32M 41.49M 45.74M 41.67M
Total Liab 64.7M 50.44M 58.39M 46.49M
Common Stock 181.02M 181.02M 181.02M 181.02M
Retained Earnings -23.13M -56.24M -65.88M -69.86M
Treasury Stock -22.73M -20.86M -23.29M -21.15M
Other Stockholder Equity -22.73M -20.86M -23.29M -21.15M
Total Stockholder Equity 135.16M 103.93M 91.86M 90.02M
Net Tangible Assets 131.56M 100.58M 88.5M 87.33M

Cash Flow Statement

Cash Flow Statement history of Rakon Limited (NZX:RAK)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 33.11M 9.64M 3.98M 3.36M
Depreciation 7.09M 6.63M 6.62M 3.77M
Change To Netincome 2.12M -2.72M 475k 465k
Change To Account Receivables -3.71M 1.5M -4.59M -5.01M
Change To Liabilities 10.36M 4.53M -2.15M 2.78M
Change To Inventory -21.56M -1.87M 3.02M -9.14M
Change To Operating Activities -17k -168k 171k -246k
Total Cash From Operating Activities 30.24M 20.06M 9.4M -1.77M
Capital Expenditures -8.46M -4.19M -3.75M -6.19M
Total Cashflows From Investing Activities -10.17M -5.08M -6.63M -12.67M
Net Borrowings 7.38M 3.49M -3.08M -24k
Total Cash From Financing Activities 7.38M 3.49M -3.08M -24k
Effect Of Exchange Rate 311k 765k -672k 144k
Change In Cash 27.75M 19.24M -980k -14.32M
Dividends Paid - - - -