Summerset Group Holdings Limited (NZX:SUM) Annual Report 2021



The latest annual report of Summerset Group Holdings Limited (SUM) 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 - SUM Annual Results

Amounts in NZD

Total Revenue
205.29M
Gross Profit
31.23M
EBIT
19.39M
Net Tangible Assets
1.92B
Net Income
543.66M
Capital Expenditures
-57.92M

SUM Income Statement 2021 Annual Report

As per the latest Income Statement of SUM, the Net revenue increased by $32.92M (19%) compared to the previous period. The operating income in 2021 decreased by $-7.22M (-27%). The net income as per the annual report was 543.66M which increased by $312.89M (136%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 205.29M 172.37M
Gross Profit 31.23M 34.86M
Operating Income 19.39M 26.61M
Income Before Tax 543.64M 221.74M
Net Income 543.66M 230.78M

Balance Sheet - SUM 2021 Annual Report

Read further: SUM Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Summerset Group Holdings Limited showed the company reduced the cash on balance sheet by $-7.39M (-47%). The Net tangible assets of SUM on the balance sheet were at 1.92B which is $568.71M (42%) more than previous annual report. The total stockholder equity also increased by $569.67M (42%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 8.42M 15.82M
Total Assets 4.92B 3.89B
Long Term Debt 753.38M 714.98M
Total Liabilities 3B 2.54B
Total Shareholder Equity 1.92B 1.35B
Net Tangible Assets 1.92B 1.35B

Cash Flow Statement - SUM 2021 Annual Report

The 2021 annual cash flow statement of Summerset Group Holdings Limited showed that the net income increased by $312.89M (136%) compared to previous reporting period. Also the capital expenditure of SUM decreased by $-20.49M (-55%).

As of 2021, the total cash from investing activities was -425M and total cash from financing activities was 34.2M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 543.66M 230.78M
Capital Expenditures -57.92M -37.43M
Dividends Paid -23.71M -19.39M
Total Cash From From Investing Activities -425M -318.78M
Total Cash From From Financing Activities 34.2M 46.28M

Summerset Group Holdings Limited Annual Report History

Income Statement

Income Statement history of Summerset Group Holdings Limited (NZX:SUM)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 205.29M 172.37M 153.73M 136.79M
Cost Of Revenue 174.06M 137.51M 122.18M 111.13M
Gross Profit 31.23M 34.86M 31.55M 25.66M
Research Development - - - -
Selling General Administrative 291k 158k 217k 1.31M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 185.91M 145.76M 130.23M 119.13M
Operating Income 19.39M 26.61M 23.5M 17.66M
Total Other Income Expense Net 524.25M 195.13M 150.06M 198.51M
Ebit 19.39M 26.61M 23.5M 17.66M
Interest Expense -28.28M -7.7M -7.26M -8.22M
Income Before Tax 543.64M 221.74M 173.56M 216.17M
Income Tax Expense -27k -9.04M -1.7M 1.67M
Minority Interest - - - -
Net Income From Continuing Ops 543.66M 230.78M 175.26M 214.5M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 543.66M 230.78M 175.26M 214.5M
Net Income Applicable To Common Shares 543.66M 230.78M 175.26M 214.5M

Balance Sheet Statement

Balance Sheet Statement history of Summerset Group Holdings Limited (NZX:SUM)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 8.42M 15.82M 21.46M 7.48M
Net Receivables 31.64M 21.18M 28.33M 24.88M
Total Current Assets 59.14M 67.62M 70.74M 41.94M
Property Plant Equipment 277.71M 181.1M 154M 132.75M
Intangible Assets 6.66M 5.71M 6.12M 6.63M
Other Assets 4.58B 3.64B 3.11B 2.59B
Total Assets 4.92B 3.89B 3.34B 2.77B
Accounts Payable 4.54M 3.69M 2.07M 1.72M
Short Long Term Debt 881k 274k 515k 360k
Other Current Liab 175.34M 141.19M 117.67M 94.2M
Long Term Debt 753.38M 714.98M 617.64M 466.46M
Other Liab 1.84B 1.52B 1.32B 1.13B
Total Current Liabilities 394.75M 294.17M 260.83M 187.26M
Total Liab 3B 2.54B 2.21B 1.79B
Common Stock 324.9M 303.5M 284.07M 269.47M
Retained Earnings 1.54B 1.04B 837.77M 694.51M
Treasury Stock 57.57M 14.02M 10.04M 14.82M
Other Stockholder Equity 57.57M 14.02M 10.04M 14.82M
Total Stockholder Equity 1.92B 1.35B 1.13B 978.8M
Net Tangible Assets 1.92B 1.35B 1.13B 972.17M

Cash Flow Statement

Cash Flow Statement history of Summerset Group Holdings Limited (NZX:SUM)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 543.66M 230.78M 175.26M 214.5M
Depreciation 10.52M 7.01M 6.76M 5.3M
Change To Netincome -605.43M -272.34M -202.49M -241.42M
Change To Account Receivables -1.62M 1.63M -10.72M -2.39M
Change To Liabilities -141k 903k 624k 2.01M
Change To Operating Activities 435.38M 297.78M 267.39M 238.42M
Total Cash From Operating Activities 383.4M 266.85M 237.9M 217.8M
Capital Expenditures -57.92M -37.43M -29.53M -24M
Total Cashflows From Investing Activities -425M -318.78M -327.41M -290.4M
Dividends Paid -23.71M -19.39M -19.54M -19.68M
Net Borrowings 65.38M 76.91M 134.37M 103.66M
Other Cashflows From Financing Activities -12.41M -15.44M -13.55M -13.37M
Total Cash From Financing Activities 34.2M 46.28M 103.49M 72.51M
Change In Cash -7.39M -5.64M 13.98M -84k
Issuance Of Stock 4.94M 4.2M 2.21M 1.9M