Serko Limited (NZX:SKO) Annual Report 2022

The latest annual report of Serko Limited (SKO) 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 - SKO Annual Results

Amounts in NZD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

SKO Income Statement 2022 Annual Report

As per the latest Income Statement of SKO, the Net revenue increased by $5.43M (44%) compared to the previous period. The operating income in 2022 decreased by $-5.29M (-17%). The net income as per the annual report was -35.96M which decreased by $-6.57M (-22%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 17.86M 12.42M
Gross Profit -14.22M -17.11M
Operating Income -36.78M -31.49M
Income Before Tax -35.64M -29.05M
Net Income -35.96M -29.39M

Balance Sheet - SKO 2022 Annual Report

Read further: SKO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Serko Limited showed the company reduced the cash on balance sheet by $-406000 (-1%). The Net tangible assets of SKO on the balance sheet were at 118.82M which is $39.60M (50%) more than previous annual report. The total stockholder equity also increased by $48.35M (47%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 34.51M 34.92M
Total Assets 167.19M 111.31M
Long Term Debt - 28k
Total Liabilities 16.31M 8.78M
Total Shareholder Equity 150.88M 102.53M
Net Tangible Assets 118.82M 79.22M

Cash Flow Statement - SKO 2022 Annual Report

The 2022 annual cash flow statement of Serko Limited showed that the net income decreased by $-6.57M (-22%) compared to previous reporting period. Also the capital expenditure of SKO decreased by $-215000 (-38%).

As of 2022, the total cash from investing activities was -61.09M and total cash from financing activities was 79.17M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -35.96M -29.39M
Capital Expenditures -774k -559k
Dividends Paid - -
Total Cash From From Investing Activities -61.09M -52.79M
Total Cash From From Financing Activities 79.17M 63.93M

Serko Limited Annual Report History

Income Statement

Income Statement history of Serko Limited (NZX:SKO)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 17.86M 12.42M 25.87M 23.36M
Cost Of Revenue 32.07M 29.53M 19.42M 13.13M
Gross Profit -14.22M -17.11M 6.45M 10.23M
Research Development - - - -
Selling General Administrative 9.82M 6.92M 10.1M 7.97M
Non Recurring - - - -
Other Operating Expenses 4.51M 1.76M 2.44M 716k
Total Operating Expenses 54.64M 43.91M 35.11M 21.82M
Operating Income -36.78M -31.49M -9.24M 1.54M
Total Other Income Expense Net 1.14M 2.44M -81k 3k
Ebit -36.78M -31.49M -9.24M 1.54M
Interest Expense -69k -87k -111k -20k
Income Before Tax -35.64M -29.05M -9.33M 1.55M
Income Tax Expense 319k 341k 38k -87k
Minority Interest - - - -
Net Income From Continuing Ops -35.96M -29.39M -9.36M 1.63M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -35.96M -29.39M -9.36M 1.63M
Net Income Applicable To Common Shares -35.96M -29.39M -9.37M 1.63M

Balance Sheet Statement

Balance Sheet Statement history of Serko Limited (NZX:SKO)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 34.51M 34.92M 42.39M 15.73M
Short Term Investments 90M 45M - -
Net Receivables 4.91M 4.59M 5.77M 4.91M
Total Current Assets 130.74M 85.32M 49.61M 21.65M
Property Plant Equipment 4.32M 2.57M 3.38M 1.13M
Good Will 1.34M 1.45M 1.52M 1.41M
Intangible Assets 30.72M 21.86M 18.59M 9.15M
Other Assets 75k 117k 250k 84k
Deferred Long Term Asset Charges 75k 117k 250k 84k
Total Assets 167.19M 111.31M 73.35M 33.41M
Accounts Payable 1.95M 1.77M 3.03M 4.79M
Short Long Term Debt 28k 62k 58k 54k
Other Current Liab 4.52M 142k - 2.05M
Other Liab 853k - - 134k
Total Current Liabilities 13.3M 8.36M 8.41M 6.89M
Total Liab 16.31M 8.78M 9.57M 7.18M
Common Stock 235.1M 153.71M 87.75M 40.99M
Retained Earnings -91.47M -55.51M -26.12M -16.43M
Treasury Stock 7.25M 4.33M 2.15M 1.67M
Other Stockholder Equity 7.25M 4.33M 2.15M 1.67M
Total Stockholder Equity 150.88M 102.53M 63.78M 26.23M
Net Tangible Assets 118.82M 79.22M 43.67M 15.68M
Long Term Debt - 28k 92k 149k

Cash Flow Statement

Cash Flow Statement history of Serko Limited (NZX:SKO)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income -35.96M -29.39M -9.36M 1.63M
Depreciation 1.94M 2.02M 1.78M 370k
Change To Netincome 4.14M 4.38M 1.53M 638k
Change To Account Receivables -833k 1.19M -1.08M -1.79M
Change To Liabilities 6.03M 69k 2.28M 2M
Total Cash From Operating Activities -18.46M -18.04M -3.79M 3.65M
Capital Expenditures -774k -559k -794k -466k
Investments -45M -45M -45M -45M
Total Cashflows From Investing Activities -61.09M -52.79M -11.81M -7.28M
Net Borrowings -926k -1.08M -934k -50k
Other Cashflows From Financing Activities -3.19M -2.54M -1.79M -778k
Total Cash From Financing Activities 79.17M 63.93M 42.27M 14.22M
Effect Of Exchange Rate -23k -567k -13k -88k
Change In Cash -406k -7.47M 26.66M 10.5M
Issuance Of Stock 83.28M 67.54M 45M 15.05M
Dividends Paid - - - -