Scales Corporation Limited (NZX:SCL) Annual Report 2021



The latest annual report of Scales Corporation Limited (SCL) was published on 31 Dec 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 - SCL Annual Results

Amounts in NZD

Total Revenue
514.55M
Gross Profit
113.89M
EBIT
47.1M
Net Tangible Assets
340.28M
Net Income
26.93M
Capital Expenditures
-15.82M

SCL Income Statement 2021 Annual Report

As per the latest Income Statement of SCL, the Net revenue increased by $43.84M (9%) compared to the previous period. The operating income in 2021 increased by $6.75M (17%). The net income as per the annual report was 26.93M which increased by $5.90M (28%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 514.55M 470.71M
Gross Profit 113.89M 103.91M
Operating Income 47.1M 40.35M
Income Before Tax 48.53M 35.25M
Net Income 26.93M 21.02M

Balance Sheet - SCL 2021 Annual Report

Read further: SCL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Scales Corporation Limited showed the company reduced the cash on balance sheet by $-12.02M (-25%). The Net tangible assets of SCL on the balance sheet were at 340.28M which is $8.78M (3%) more than previous annual report. The total stockholder equity also increased by $10.63M (3%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 35.4M 47.42M
Total Assets 584.77M 586.21M
Long Term Debt 36.06M 52.75M
Total Liabilities 194.46M 207.81M
Total Shareholder Equity 384.39M 373.77M
Net Tangible Assets 340.28M 331.51M

Cash Flow Statement - SCL 2021 Annual Report

The 2021 annual cash flow statement of Scales Corporation Limited showed that the net income increased by $5.90M (28%) compared to previous reporting period. Also the capital expenditure of SCL increased by $8.41M (35%).

As of 2021, the total cash from investing activities was 7.78M and total cash from financing activities was -61.13M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 26.93M 21.02M
Capital Expenditures -15.82M -24.24M
Dividends Paid -26.77M -26.68M
Total Cash From From Investing Activities 7.78M 13.68M
Total Cash From From Financing Activities -61.13M -37.62M

Scales Corporation Limited Annual Report History

Income Statement

Income Statement history of Scales Corporation Limited (NZX:SCL)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 514.55M 470.71M 484.61M 402.54M
Cost Of Revenue 400.66M 366.8M 383.13M 312.23M
Gross Profit 113.89M 103.91M 101.48M 90.31M
Research Development - - - -
Selling General Administrative 47.24M 44.38M 43.97M 40.51M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 467.45M 430.36M 445.16M 361.99M
Operating Income 47.1M 40.35M 39.45M 40.55M
Total Other Income Expense Net 1.43M -5.1M 18.55M -488k
Ebit 47.1M 40.35M 39.45M 40.55M
Interest Expense -4.69M -4.86M -6.5M -2.51M
Income Before Tax 48.53M 35.25M 57.99M 40.07M
Income Tax Expense 11.58M 8.67M 9.42M 11.04M
Minority Interest 5.92M 4.64M 3.99M 3.58M
Net Income From Continuing Ops 36.95M 26.58M 48.58M 29.02M
Discontinued Operations - - 73M 16.48M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 26.93M 21.02M 118M 45.08M
Net Income Applicable To Common Shares 26.93M 21.02M 118M 45.08M

Balance Sheet Statement

Balance Sheet Statement history of Scales Corporation Limited (NZX:SCL)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 35.4M 47.42M 18.63M 2.79M
Short Term Investments 85M 104.63M 142M -
Net Receivables 28.66M 19.45M 20.76M 22.91M
Inventory 29.64M 25.8M 26.42M 45.44M
Other Current Assets 30.48M 39.26M 26.19M 128.85M
Total Current Assets 213.24M 240.47M 237.48M 203.38M
Long Term Investments 26.43M 26.34M 25.19M 5.42M
Property Plant Equipment 290.3M 259.19M 244.52M 150.59M
Good Will 43.39M 41.91M 43.78M 43.88M
Intangible Assets 717k 354k 807k 1.13M
Other Assets 10.69M 17.96M 6.9M 6.69M
Total Assets 584.77M 586.21M 558.68M 411.09M
Accounts Payable 11.55M 13.71M 11.63M 14.03M
Short Long Term Debt 173k 618k 537k 2.58M
Other Current Liab 21.14M 18.63M 20.01M 38.51M
Long Term Debt 36.06M 52.75M 55.31M 65.44M
Other Liab 31.71M 28.2M 22.65M 22.32M
Minority Interest 5.92M 4.64M 3.99M 3.58M
Total Current Liabilities 57.21M 56.67M 51.01M 73.45M
Total Liab 194.46M 207.81M 199.68M 161.21M
Common Stock 99.59M 96.37M 95.27M 94.18M
Retained Earnings 192.64M 190.62M 197.23M 80.11M
Treasury Stock 92.16M 86.77M 62.51M 72M
Other Stockholder Equity 92.16M 86.77M 62.51M 72M
Total Stockholder Equity 384.39M 373.77M 355.01M 246.29M
Net Tangible Assets 340.28M 331.51M 310.42M 201.29M

Cash Flow Statement

Cash Flow Statement history of Scales Corporation Limited (NZX:SCL)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 26.93M 21.02M 118M 45.08M
Depreciation 19.55M 19.18M 17.48M 10.78M
Change To Netincome 9.26M 10.14M -82.82M -6.2M
Change To Account Receivables -8.83M 764k -579k -8.6M
Change To Liabilities -1.76M 5.96M -235k 9.73M
Change To Inventory -3.5M 28k 3.54M -23.34M
Change To Operating Activities -687k -2.83M -2.05M 7.52M
Total Cash From Operating Activities 39.84M 53.22M 56.1M 36.57M
Capital Expenditures -15.82M -24.24M -16.31M -15.59M
Investments 19.31M 37.37M -127.5M -932k
Other Cashflows From Investing Activities 1.23M 382k 722k 487k
Total Cashflows From Investing Activities 7.78M 13.68M 5.36M -31.69M
Dividends Paid -26.77M -26.68M -26.62M -25.18M
Net Borrowings -25.84M -6.34M -19.79M 20.77M
Other Cashflows From Financing Activities -8.87M -4.59M -3.17M -440k
Total Cash From Financing Activities -61.13M -37.62M -49.58M -4.74M
Effect Of Exchange Rate 677k -690k -201k -59k
Change In Cash -12.83M 28.59M 11.67M 80k
Issuance Of Stock 347k 347k 347k 109k