Smartpay Holdings Limited (NZX:SPY) Annual Report 2022



The latest annual report of Smartpay Holdings Limited (SPY) 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 - SPY Annual Results

Amounts in NZD

Total Revenue
48.08M
Gross Profit
15.42M
EBIT
3.12M
Net Tangible Assets
5.24M
Net Income
3.1M
Capital Expenditures
-4.12M

SPY Income Statement 2022 Annual Report

As per the latest Income Statement of SPY, the Net revenue increased by $14.23M (42%) compared to the previous period. The operating income in 2022 increased by $3.35M (1514%). The net income as per the annual report was 3.1M which increased by $18.30M (120%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 48.08M 33.84M
Gross Profit 15.42M 9.65M
Operating Income 3.12M -221k
Income Before Tax 2.71M -14.96M
Net Income 3.1M -15.2M

Balance Sheet - SPY 2022 Annual Report

Read further: SPY Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Smartpay Holdings Limited showed the company increased the cash on balance sheet by $5.86M (65%). The Net tangible assets of SPY on the balance sheet were at 5.24M which is $7.13M (376%) more than previous annual report. The total stockholder equity also increased by $8.54M (31%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 14.88M 9.02M
Total Assets 70.58M 57.86M
Long Term Debt 10M 11M
Total Liabilities 34.51M 30.32M
Total Shareholder Equity 36.07M 27.53M
Net Tangible Assets 5.24M -1.9M

Cash Flow Statement - SPY 2022 Annual Report

The 2022 annual cash flow statement of Smartpay Holdings Limited showed that the net income increased by $18.30M (120%) compared to previous reporting period. Also the capital expenditure of SPY decreased by $-1.21M (-41%).

As of 2022, the total cash from investing activities was -9.45M and total cash from financing activities was -889k.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 3.1M -15.2M
Capital Expenditures -4.12M -2.91M
Dividends Paid - -
Total Cash From From Investing Activities -9.45M -6.61M
Total Cash From From Financing Activities -889k 4.19M

Smartpay Holdings Limited Annual Report History

Income Statement

Income Statement history of Smartpay Holdings Limited (NZX:SPY)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 48.08M 33.84M 28.27M 21.1M
Cost Of Revenue 32.66M 24.2M 20.54M 14.39M
Gross Profit 15.42M 9.65M 7.73M 6.71M
Research Development - - - -
Selling General Administrative 4.28M 1.99M 236k 249k
Non Recurring - - - -
Other Operating Expenses -4k -16k -19k -15k
Total Operating Expenses 44.96M 34.07M 28.23M 21.21M
Operating Income 3.12M -221k 46k -118k
Total Other Income Expense Net -419k -14.74M -5.03M -2.14M
Ebit 3.12M -221k 46k -118k
Interest Expense -596k -1.57M -2.51M -2.05M
Income Before Tax 2.71M -14.96M -4.98M -2.25M
Income Tax Expense -399k 242k -511k -427k
Minority Interest - - - -
Net Income From Continuing Ops 3.1M -15.2M -4.47M -1.83M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 3.1M -15.2M -4.47M -1.83M
Net Income Applicable To Common Shares 3.1M -15.2M -4.47M -1.83M

Balance Sheet Statement

Balance Sheet Statement history of Smartpay Holdings Limited (NZX:SPY)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 14.88M 9.02M 1.42M 3.36M
Net Receivables 2.57M 3.66M 2.36M 2.42M
Other Current Assets 5.56M 4.81M 1.5M 6.52M
Total Current Assets 23.73M 18.05M 5.65M 12.69M
Property Plant Equipment 14.92M 9.48M 9.92M 13.45M
Good Will 14.77M 14.77M 14.77M 14.77M
Intangible Assets 16.06M 14.66M 15.1M 13.34M
Other Assets 1.09M 891k 959k 867k
Total Assets 70.58M 57.86M 46.4M 55.11M
Accounts Payable 2.54M 2.36M 2.23M 1.79M
Short Long Term Debt 1.28M 1.24M 3.22M 3.05M
Other Current Liab 12.06M 7.29M 1.9M 7.76M
Long Term Debt 10M 11M 17.5M 25.95M
Deferred Long Term Liab 1.09M 891k 934k 867k
Total Current Liabilities 19.86M 19.09M 18.06M 14.38M
Total Liab 34.51M 30.32M 36.19M 41.46M
Common Stock 91.64M 86.66M 54.43M 53.45M
Retained Earnings -56.39M -59.49M -44.29M -39.92M
Treasury Stock 817k 361k 70k 115k
Other Stockholder Equity 817k 361k 70k 115k
Total Stockholder Equity 36.07M 27.53M 10.21M 13.65M
Net Tangible Assets 5.24M -1.9M -19.66M -14.46M

Cash Flow Statement

Cash Flow Statement history of Smartpay Holdings Limited (NZX:SPY)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 3.1M -15.2M -4.47M -1.83M
Depreciation 5.11M 3.99M 4.43M 4.45M
Change To Netincome 30k 14.02M 2.52M 192k
Change To Account Receivables -256k -11k 9k -264k
Change To Liabilities 1.52M 1.17M 425k 605k
Change To Operating Activities 19k -22k -28k -161k
Total Cash From Operating Activities 12.7M 8.62M 6.47M 5.46M
Capital Expenditures -4.12M -2.91M -1.21M -2.82M
Total Cashflows From Investing Activities -9.45M -6.61M -6.2M -8.36M
Net Borrowings -2.46M -9.73M -1.58M 4.35M
Other Cashflows From Financing Activities 1.57M -2.14M -2.14M -2.14M
Total Cash From Financing Activities -889k 4.19M -1.58M 4.35M
Change In Cash 2.36M 6.19M -1.31M 1.45M
Dividends Paid - - - -