Third Age Health Services Limited (NZX:TAH) Annual Report 2022



The latest annual report of Third Age Health Services Limited (TAH) 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 - TAH Annual Results

Amounts in NZD

Total Revenue
5.9M
Gross Profit
3.69M
EBIT
1.82M
Net Tangible Assets
794k
Net Income
1.17M
Capital Expenditures
-3k

TAH Income Statement 2022 Annual Report

As per the latest Income Statement of TAH, the Net revenue increased by $410000 (7%) compared to the previous period. The operating income in 2022 increased by $44000 (2%). The net income as per the annual report was 1.17M which increased by $132000 (13%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 5.9M 5.49M
Gross Profit 3.69M 3.32M
Operating Income 1.82M 1.77M
Income Before Tax 1.56M 1.55M
Net Income 1.17M 1.04M

Balance Sheet - TAH 2022 Annual Report

Read further: TAH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Third Age Health Services Limited showed the company reduced the cash on balance sheet by $-705000 (-39%). The Net tangible assets of TAH on the balance sheet were at 794k which is $-400000 (-34%) less than previous annual report. The total stockholder equity also increased by $720000 (36%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 1.12M 1.83M
Total Assets 4.86M 3.55M
Long Term Debt - -
Total Liabilities 2.16M 1.57M
Total Shareholder Equity 2.7M 1.98M
Net Tangible Assets 794k 1.19M

Cash Flow Statement - TAH 2022 Annual Report

The 2022 annual cash flow statement of Third Age Health Services Limited showed that the net income increased by $132000 (13%) compared to previous reporting period. Also the capital expenditure of TAH increased by $0 (0%).

As of 2022, the total cash from investing activities was -970k and total cash from financing activities was -775k.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 1.17M 1.04M
Capital Expenditures -3k -3k
Dividends Paid -831k -400k
Total Cash From From Investing Activities -970k -970k
Total Cash From From Financing Activities -775k -607k

Third Age Health Services Limited Annual Report History

Income Statement

Income Statement history of Third Age Health Services Limited (NZX:TAH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 5.9M 5.49M 5.26M 4.83M
Cost Of Revenue 2.21M 2.17M 2.34M 2.51M
Gross Profit 3.69M 3.32M 2.92M 2.33M
Research Development - - - -
Selling General Administrative 1.74M 1.44M 879.4k 697.11k
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 4.08M 3.72M 3.46M 3.26M
Operating Income 1.82M 1.77M 1.8M 1.57M
Total Other Income Expense Net -255k -219k -356.35k -419.52k
Ebit 1.82M 1.77M 1.8M 1.57M
Interest Expense -23k -43k -70.39k -137.52k
Income Before Tax 1.56M 1.55M 1.45M 1.15M
Income Tax Expense 388k 512k 471.81k 322.99k
Minority Interest - - - -
Net Income From Continuing Ops 1.17M 1.04M 974.98k 828.22k
Discontinued Operations - - 347.63k 187.42k
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.17M 1.04M 1.32M 1.05M
Net Income Applicable To Common Shares 1.17M 1.04M 1.32M 1.05M

Balance Sheet Statement

Balance Sheet Statement history of Third Age Health Services Limited (NZX:TAH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 1.12M 1.83M 885.68k 407.57k
Net Receivables 656k 374k 306.04k 366.31k
Total Current Assets 1.82M 2.21M 1.19M 773.88k
Property Plant Equipment 1.11M 238k 14.76k 59.33k
Good Will 796k 408k 407.84k 407.84k
Intangible Assets 1.11M 374k 427.46k 480.89k
Other Assets 20k 317k 369.19k 453.11k
Total Assets 4.86M 3.55M 2.41M 2.18M
Accounts Payable 340k 333k 212.79k 281.03k
Other Current Liab 140k 664k 345.38k 307.81k
Other Liab 278k 85k 119.69k 134.65k
Total Current Liabilities 909k 1.31M 883.3k 1.04M
Total Liab 2.16M 1.57M 1.55M 2.2M
Common Stock 515k 173k -1.3M -1.29M
Retained Earnings 1.54M 1.2M 1.55M 831.94k
Treasury Stock 643k 607k 606.88k 428.9k
Other Stockholder Equity 643k 607k 606.88k 428.9k
Total Stockholder Equity 2.7M 1.98M 860.98k -29.56k
Net Tangible Assets 794k 1.19M 25.68k -918.3k
Long Term Debt - - 547k 1.03M

Cash Flow Statement

Cash Flow Statement history of Third Age Health Services Limited (NZX:TAH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 1.17M 1.04M 1.32M 1.05M
Depreciation 142k 114k 57.13k 57.25k
Change To Netincome -294k 254k -90.51k -152.36k
Change To Account Receivables -61k -39k 52.52k -65.07k
Change To Liabilities 83k 180k -818 163.82k
Change To Operating Activities -3k -3k -3k -3k
Total Cash From Operating Activities 1.04M 1.55M 1.34M 1.05M
Capital Expenditures -3k -3k -4.92k -7.5k
Total Cashflows From Investing Activities -970k -970k 91.84k -798.37k
Dividends Paid -831k -400k -586.8k -285.86k
Net Borrowings -16k -724k -650.56k 336.9k
Total Cash From Financing Activities -775k -607k -954.68k 124.55k
Change In Cash -705k 943k 478.11k 380.11k
Repurchase Of Stock -342k -342k -3.59k -3.59k
Issuance Of Stock 414k 1.57M 286.28k 71.89k