Sanford Limited (NZX:SAN) Annual Report 2022



The latest annual report of Sanford Limited (SAN) was published on 30 Sep 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 - SAN Annual Results

Amounts in NZD

Total Revenue
531.89M
Gross Profit
96.85M
EBIT
27.38M
Net Tangible Assets
171.39M
Net Income
55.89M
Capital Expenditures
-53.44M

SAN Income Statement 2022 Annual Report

As per the latest Income Statement of SAN, the Net revenue increased by $42.26M (9%) compared to the previous period. The operating income in 2022 increased by $11.32M (71%). The net income as per the annual report was 55.89M which increased by $39.63M (244%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 531.89M 489.62M
Gross Profit 96.85M 71.63M
Operating Income 27.38M 16.06M
Income Before Tax 62.46M 20.04M
Net Income 55.89M 16.26M

Balance Sheet - SAN 2022 Annual Report

Read further: SAN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Sanford Limited showed the company increased the cash on balance sheet by $5.61M (143%). The Net tangible assets of SAN on the balance sheet were at 171.39M which is $35.13M (26%) more than previous annual report. The total stockholder equity also increased by $31.09M (5%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 9.53M 3.93M
Total Assets 977.68M 940.36M
Long Term Debt 110M 127.5M
Total Liabilities 312.81M 306.26M
Total Shareholder Equity 664.49M 633.39M
Net Tangible Assets 171.39M 136.26M

Cash Flow Statement - SAN 2022 Annual Report

The 2022 annual cash flow statement of Sanford Limited showed that the net income increased by $39.63M (244%) compared to previous reporting period. Also the capital expenditure of SAN decreased by $-14.36M (-37%).

As of 2022, the total cash from investing activities was -339k and total cash from financing activities was -29.06M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 55.89M 16.26M
Capital Expenditures -53.44M -39.08M
Dividends Paid -201k -201k
Total Cash From From Investing Activities -339k -15.48M
Total Cash From From Financing Activities -29.06M -13.52M

Sanford Limited Annual Report History

Income Statement

Income Statement history of Sanford Limited (NZX:SAN)

30 Sep 2022 30 Sep 2021 30 Sep 2020 30 Sep 2019
Total Revenue 531.89M 489.62M 468.85M 545.12M
Cost Of Revenue 435.03M 417.99M 386.37M 437.75M
Gross Profit 96.85M 71.63M 82.48M 107.38M
Research Development - - - -
Selling General Administrative 49.2M 41.95M 39.81M 40.55M
Non Recurring - - - -
Other Operating Expenses 20.27M 13.62M 11.23M 5.29M
Total Operating Expenses 504.51M 473.57M 437.41M 483.58M
Operating Income 27.38M 16.06M 31.44M 61.54M
Total Other Income Expense Net 35.09M 3.98M -4.87M -2.22M
Ebit 27.38M 16.06M 31.44M 61.54M
Interest Expense -9.13M -9.22M -9.31M -8.53M
Income Before Tax 62.46M 20.04M 26.57M 59.32M
Income Tax Expense 6.69M 3.8M 7.15M 17.63M
Minority Interest 388k 702k 665k 675k
Net Income From Continuing Ops 55.77M 16.23M 19.42M 41.69M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 55.89M 16.26M 19.43M 41.7M
Net Income Applicable To Common Shares 55.89M 16.26M 19.43M 41.7M

Balance Sheet Statement

Balance Sheet Statement history of Sanford Limited (NZX:SAN)

30 Sep 2022 30 Sep 2021 30 Sep 2020 30 Sep 2019
Cash 9.53M 3.93M 2.96M 8.32M
Net Receivables 99.28M 78.58M 67.27M 69.29M
Inventory 111.38M 115.74M 113.59M 78.01M
Other Current Assets 3.9M 10.23M 9.85M 8.79M
Total Current Assets 224.1M 208.48M 193.68M 164.41M
Long Term Investments 3.94M 4.1M 4.05M 1.83M
Property Plant Equipment 230.61M 203.31M 197.52M 141.77M
Good Will 3.51M 4.32M 4.38M 2.32M
Intangible Assets 489.59M 492.81M 490.59M 490.79M
Other Assets 25.94M 27.34M 36.11M 20.09M
Total Assets 977.68M 940.36M 926.34M 821.21M
Accounts Payable 15.41M 10.55M 12.79M 11.85M
Other Current Liab 56.91M 33.54M 30.96M 38.69M
Long Term Debt 110M 127.5M 130M 84M
Other Liab 36.07M 34.92M 38.63M 34.65M
Minority Interest 388k 702k 665k 675k
Total Current Liabilities 139.89M 118.55M 120.81M 114.38M
Total Liab 312.81M 306.26M 318.71M 233.03M
Common Stock 94.69M 94.69M 94.69M 94.69M
Retained Earnings 585.96M 530.07M 513.8M 513.13M
Treasury Stock -16.17M 8.63M -1.54M -20.32M
Other Stockholder Equity -16.17M 8.63M -1.54M -20.32M
Total Stockholder Equity 664.49M 633.39M 606.96M 587.51M
Net Tangible Assets 171.39M 136.26M 111.98M 94.4M

Cash Flow Statement

Cash Flow Statement history of Sanford Limited (NZX:SAN)

30 Sep 2022 30 Sep 2021 30 Sep 2020 30 Sep 2019
Net Income 55.89M 16.26M 19.43M 41.7M
Depreciation 34.89M 36.12M 34.9M 20.88M
Change To Netincome -48.46M -18.7M -10.88M -5.06M
Change To Account Receivables -14.81M -16.78M 7.07M -11.09M
Change To Liabilities 3.88M 1.67M 6.03M 8.13M
Change To Inventory 8.38M 10.16M -36.88M -2.7M
Total Cash From Operating Activities 44.9M 32.23M 14.6M 48.65M
Capital Expenditures -53.44M -39.08M -39.01M -38.35M
Investments 353k 177k -4.25M 8.95M
Total Cashflows From Investing Activities -339k -15.48M -39.55M -5.44M
Dividends Paid -201k -201k -17.77M -21.51M
Net Borrowings -28.86M -13.52M 35.06M -16M
Total Cash From Financing Activities -29.06M -13.52M 17.29M -37.51M
Effect Of Exchange Rate 103k -54k 77k -15k
Change In Cash 15.61M 3.18M -7.58M 5.69M