Seeka Limited (NZX:SEK) Annual Report 2021

The latest annual report of Seeka Limited (SEK) 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 - SEK Annual Results

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

SEK Income Statement 2021 Annual Report

As per the latest Income Statement of SEK, the Net revenue increased by $58.11M (23%) compared to the previous period. The operating income in 2021 increased by $11.49M (77%). The net income as per the annual report was 14.86M which decreased by $-291000 (-2%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 309.57M 251.46M
Gross Profit 73.23M 52.68M
Operating Income 26.47M 14.98M
Income Before Tax 23.49M 16.28M
Net Income 14.86M 15.15M

Balance Sheet - SEK 2021 Annual Report

Read further: SEK Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Seeka Limited showed the company increased the cash on balance sheet by $7.20M (139%). The Net tangible assets of SEK on the balance sheet were at 219.41M which is $60.74M (38%) more than previous annual report. The total stockholder equity also increased by $70.20M (40%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 12.36M 5.16M
Total Assets 482.27M 375.43M
Long Term Debt 108.3M 74.53M
Total Liabilities 235.78M 199.13M
Total Shareholder Equity 246.49M 176.29M
Net Tangible Assets 219.41M 158.67M

Cash Flow Statement - SEK 2021 Annual Report

The 2021 annual cash flow statement of Seeka Limited showed that the net income decreased by $-291000 (-2%) compared to previous reporting period. Also the capital expenditure of SEK decreased by $-8.15M (-38%).

As of 2021, the total cash from investing activities was -29.75M and total cash from financing activities was -3.88M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 14.86M 15.15M
Capital Expenditures -29.49M -21.34M
Dividends Paid -7.83M -2.73M
Total Cash From From Investing Activities -29.75M 20.99M
Total Cash From From Financing Activities -3.88M -45.8M

Seeka Limited Annual Report History

Income Statement

Income Statement history of Seeka Limited (NZX:SEK)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 309.57M 251.46M 236.87M 203.71M
Cost Of Revenue 236.34M 198.78M 189.4M 157.96M
Gross Profit 73.23M 52.68M 47.46M 45.76M
Research Development - - - -
Selling General Administrative - - - -
Non Recurring - - - -
Other Operating Expenses 23.34M 19.17M 16.88M 13.95M
Total Operating Expenses 283.1M 236.48M 222.79M 186.63M
Operating Income 26.47M 14.98M 14.07M 17.08M
Total Other Income Expense Net -2.98M 1.3M -4.21M -7.21M
Ebit 26.47M 14.98M 14.07M 17.08M
Interest Expense -8.69M -8.04M -7.69M -7.46M
Income Before Tax 23.49M 16.28M 9.86M 9.87M
Income Tax Expense 8.63M 1.13M 2.98M 3.22M
Minority Interest - - - -
Net Income From Continuing Ops 14.86M 15.15M 6.88M 6.65M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 14.86M 15.15M 6.88M 6.65M
Net Income Applicable To Common Shares 14.86M 15.15M 6.88M 6.65M

Balance Sheet Statement

Balance Sheet Statement history of Seeka Limited (NZX:SEK)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 12.36M 5.16M 2.85M 1.34M
Net Receivables 25.09M 21.29M 20.16M 17.25M
Inventory 6.97M 5.94M 5.46M 4.56M
Other Current Assets 24.04M 25.55M 53.34M 42.71M
Total Current Assets 70.65M 59.69M 83.14M 66.98M
Long Term Investments 6.01M 1.58M 586k 586k
Property Plant Equipment 377.71M 295.86M 265.15M 212.73M
Good Will 17.18M 8.93M 8.93M 7.85M
Intangible Assets 9.9M 8.69M 9.75M 10.32M
Other Assets 814k 672k 683k 2.46M
Total Assets 482.27M 375.43M 368.25M 300.92M
Accounts Payable 6.17M 5.91M 6.93M 4.93M
Other Current Liab 7.59M 10.63M 2.21M 149k
Long Term Debt 108.3M 74.53M 98.57M 59.63M
Other Liab 18.37M 13.14M 17.76M 14.97M
Total Current Liabilities 52.52M 53.42M 51.71M 44.2M
Total Liab 235.78M 199.13M 213.3M 151.66M
Common Stock 154.64M 110.21M 109.43M 96.11M
Retained Earnings 51.56M 45.94M 36.66M 37.07M
Treasury Stock 40.28M 20.14M 8.85M 16.07M
Other Stockholder Equity 43.25M 32.44M 21.51M 17.77M
Total Stockholder Equity 246.49M 176.29M 154.94M 149.25M
Net Tangible Assets 219.41M 158.67M 136.26M 131.08M

Cash Flow Statement

Cash Flow Statement history of Seeka Limited (NZX:SEK)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 14.86M 15.15M 6.88M 6.65M
Depreciation 23.16M 18.32M 16.24M 14.52M
Change To Netincome 7.83M -14.24M -6.08M -1.59M
Change To Account Receivables 6.17M -3.88M -343k 621k
Change To Liabilities -7.04M 5.42M 2.71M -2.72M
Change To Inventory 940k 2.3M -3.38M 244k
Total Cash From Operating Activities 41.58M 26.35M 18.59M 16.35M
Capital Expenditures -29.49M -21.34M -66.03M -67.5M
Investments -2.84M -1M -1M 9.38M
Other Cashflows From Investing Activities -6k 247k -1.34M -191k
Total Cashflows From Investing Activities -29.75M 20.99M -35.94M -52.86M
Dividends Paid -7.83M -2.73M -6.31M -3.63M
Net Borrowings -1.5M -43.44M 23.89M -8.46M
Total Cash From Financing Activities -3.88M -45.8M 19.14M 36.05M
Effect Of Exchange Rate -749k 771k -279k -587k
Change In Cash 7.2M 2.31M 1.51M -1.05M
Issuance Of Stock 9.33M 368k 1.56M 48.13M