Smiths City Group Limited (NZX:SCY) Annual Report 2019



The latest annual report of Smiths City Group Limited (SCY) was published on 30 Apr 2019. 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 - SCY Annual Results

Amounts in NZD

Total Revenue
206.4M
Gross Profit
61.6M
EBIT
900k
Net Tangible Assets
40.6M
Net Income
-1.7M
Capital Expenditures
-1.7M

SCY Income Statement 2019 Annual Report

As per the latest Income Statement of SCY, the Net revenue decreased by $-9.50M (-4%) compared to the previous period. The operating income in 2019 increased by $7.70M (113%). The net income as per the annual report was -1.7M which increased by $5.50M (76%) compared to previous year.

Income Statement Report (2019/2018)

2019 2018
Total Revenue 206.4M 215.9M
Gross Profit 61.6M 64.1M
Operating Income 900k -6.8M
Income Before Tax -1.9M -9.9M
Net Income -1.7M -7.2M

Balance Sheet - SCY 2019 Annual Report

Read further: SCY Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Smiths City Group Limited showed the company increased the cash on balance sheet by $200000 (3%). The Net tangible assets of SCY on the balance sheet were at 40.6M which is $-1.60M (-4%) less than previous annual report. The total stockholder equity also decreased by $-1.70M (-4%) compared to previous reporting period.

Balance Sheet Statement Report (2019/2018)

2019 2018
Cash 6.4M 6.2M
Total Assets 130M 135.5M
Long Term Debt 65M 60.9M
Total Liabilities 87.4M 91.2M
Total Shareholder Equity 42.6M 44.3M
Net Tangible Assets 40.6M 42.2M

Cash Flow Statement - SCY 2019 Annual Report

The 2019 annual cash flow statement of Smiths City Group Limited showed that the net income increased by $5.50M (76%) compared to previous reporting period. Also the capital expenditure of SCY increased by $3.30M (66%).

As of 2019, the total cash from investing activities was 2.1M and total cash from financing activities was 4.1M.

Cash Flow Statement Report (2019/2018)

2019 2018
Net Income -1.7M -7.2M
Capital Expenditures -1.7M -5M
Dividends Paid - -1.9M
Total Cash From From Investing Activities 2.1M -10.1M
Total Cash From From Financing Activities 4.1M 5.7M

Smiths City Group Limited Annual Report History

Income Statement

Income Statement history of Smiths City Group Limited (NZX:SCY)

30 Apr 2019 30 Apr 2018 30 Apr 2017 30 Apr 2016
Total Revenue 206.4M 215.9M 227.4M 221.9M
Cost Of Revenue 144.8M 151.8M 152.9M 154.5M
Gross Profit 61.6M 64.1M 74.5M 67.4M
Research Development - - - -
Selling General Administrative 49.8M 55.2M 57.1M 54.4M
Non Recurring - - - -
Other Operating Expenses 10.6M 15.5M 11.8M 6.8M
Total Operating Expenses 205.5M 222.7M 221.8M 215.7M
Operating Income 900k -6.8M 5.6M 6.2M
Total Other Income Expense Net -2.8M -3.1M -3.6M -3.1M
Ebit 900k -6.8M 5.6M 6.2M
Interest Expense -2.8M -3.1M -3.6M -4.9M
Income Before Tax -1.9M -9.9M 2M 3.1M
Income Tax Expense -200k -2.7M -400k -2.5M
Minority Interest - - - -
Net Income From Continuing Ops -1.7M -7.2M 2.4M 5.6M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -1.7M -7.2M 2.4M 5.6M
Net Income Applicable To Common Shares -1.7M -7.2M 2.4M 5.6M

Balance Sheet Statement

Balance Sheet Statement history of Smiths City Group Limited (NZX:SCY)

30 Apr 2019 30 Apr 2018 30 Apr 2017 30 Apr 2016
Cash 6.4M 6.2M 12M 8.7M
Net Receivables 73.1M 82.5M 73.2M 51M
Inventory 34.8M 30.2M 36.3M 40.4M
Other Current Assets 100k - - -
Total Current Assets 114.4M 118.9M 121.5M 100.1M
Property Plant Equipment 5.6M 6.8M 4.3M 3.6M
Intangible Assets 2M 2.1M 2.3M 2.4M
Other Assets 8M 7.7M 5.1M 30.2M
Deferred Long Term Asset Charges 8M 7.7M 5.1M 4.9M
Total Assets 130M 135.5M 133.2M 136.3M
Accounts Payable 12.8M 17.1M 18.8M 19.7M
Other Current Liab 9.2M 11.5M 8.2M 8.1M
Long Term Debt 65M 60.9M 53.3M 56.2M
Total Current Liabilities 22.4M 30.3M 27M 27.8M
Total Liab 87.4M 91.2M 80.3M 84M
Common Stock 10.7M 10.7M 10.7M 10.7M
Retained Earnings 31.8M 33.9M 43M 42.9M
Treasury Stock 100k -300k -800k -1.3M
Other Stockholder Equity 100k -300k -800k -1.3M
Total Stockholder Equity 42.6M 44.3M 52.9M 52.3M
Net Tangible Assets 40.6M 42.2M 50.6M 49.9M

Cash Flow Statement

Cash Flow Statement history of Smiths City Group Limited (NZX:SCY)

30 Apr 2019 30 Apr 2018 30 Apr 2017 30 Apr 2016
Net Income -1.7M -7.2M 2.4M 5.6M
Depreciation 2.1M 1.7M 1.3M 1.1M
Change To Netincome 1.8M -2.4M -400k -4.3M
Change To Account Receivables -100k -4.2M -500k 1.2M
Change To Liabilities -6M 3.9M -600k -300k
Change To Inventory -2.6M 6.1M 4.1M 5.9M
Total Cash From Operating Activities -6M -1.4M 6.8M 9.7M
Capital Expenditures -1.7M -5M -2.4M -1.3M
Other Cashflows From Investing Activities 3.8M -5.1M 3.6M 2.1M
Total Cashflows From Investing Activities 2.1M -10.1M 1.2M 15.1M
Net Borrowings 4.1M 7.6M -2.9M -17.4M
Total Cash From Financing Activities 4.1M 5.7M -4.7M -19.2M
Change In Cash 200k -5.8M 3.3M 5.6M
Dividends Paid - -1.9M -1.8M -1.8M