T&G Global Limited (NZX:TGG) Annual Report 2021



The latest annual report of T&G Global Limited (TGG) 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 - TGG Annual Results

Amounts in NZD

Total Revenue
1.37B
Gross Profit
349.63M
EBIT
38.41M
Net Tangible Assets
484.22M
Net Income
8.88M
Capital Expenditures
-48.9M

TGG Income Statement 2021 Annual Report

As per the latest Income Statement of TGG, the Net revenue decreased by $-47.18M (-3%) compared to the previous period. The operating income in 2021 increased by $3.79M (11%). The net income as per the annual report was 8.88M which decreased by $-2.18M (-20%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 1.37B 1.41B
Gross Profit 349.63M 320.65M
Operating Income 38.41M 34.62M
Income Before Tax 9.8M 22.02M
Net Income 8.88M 11.06M

Balance Sheet - TGG 2021 Annual Report

Read further: TGG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of T&G Global Limited showed the company increased the cash on balance sheet by $14.34M (32%). The Net tangible assets of TGG on the balance sheet were at 484.22M which is $55.46M (13%) more than previous annual report. The total stockholder equity also increased by $53.47M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 59.01M 44.66M
Total Assets 984.28M 980.74M
Long Term Debt 33.59M 82.02M
Total Liabilities 410.68M 460.99M
Total Shareholder Equity 560.08M 506.61M
Net Tangible Assets 484.22M 428.76M

Cash Flow Statement - TGG 2021 Annual Report

The 2021 annual cash flow statement of T&G Global Limited showed that the net income decreased by $-2.18M (-20%) compared to previous reporting period. Also the capital expenditure of TGG decreased by $-8.11M (-20%).

As of 2021, the total cash from investing activities was 60.79M and total cash from financing activities was -103.79M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 8.88M 11.06M
Capital Expenditures -48.9M -40.79M
Dividends Paid -7.35M -7.35M
Total Cash From From Investing Activities 60.79M -18.54M
Total Cash From From Financing Activities -103.79M -27.99M

T&G Global Limited Annual Report History

Income Statement

Income Statement history of T&G Global Limited (NZX:TGG)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 1.37B 1.41B 1.22B 1.19B
Cost Of Revenue 1.02B 1.09B 934.77M 916.86M
Gross Profit 349.63M 320.65M 281.64M 271.35M
Research Development - - - -
Selling General Administrative 188.85M 189.3M 169.44M 168.31M
Non Recurring - - - -
Other Operating Expenses 69.72M 50.85M 52.37M 63.87M
Total Operating Expenses 1.33B 1.38B 1.19B 1.17B
Operating Income 38.41M 34.62M 22.07M 15.92M
Total Other Income Expense Net -28.62M -12.6M -11.76M -2.68M
Ebit 38.41M 34.62M 22.07M 15.92M
Interest Expense -16.5M -13.81M -13.68M -12.59M
Income Before Tax 9.8M 22.02M 10.31M 13.24M
Income Tax Expense -3.75M 5.43M 3.7M 2.85M
Minority Interest 13.53M 13.15M 13.7M 13.32M
Net Income From Continuing Ops 13.55M 16.59M 6.61M 10.39M
Discontinued Operations - - - -2.08M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 8.88M 11.06M 901k 3.58M
Net Income Applicable To Common Shares 8.88M 11.06M 901k 3.58M

Balance Sheet Statement

Balance Sheet Statement history of T&G Global Limited (NZX:TGG)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 59.01M 44.66M 36.21M 36.78M
Net Receivables 146.26M 179.78M 186.35M 148.31M
Inventory 70.69M 63.12M 50.95M 52.7M
Other Current Assets 3.15M 14.44M 3.29M 1.79M
Total Current Assets 293.21M 317.5M 291.5M 253.63M
Long Term Investments 34.97M 35.19M 35.59M 39.98M
Property Plant Equipment 539.27M 511.9M 446.14M 396.55M
Good Will 50.94M 50.97M 21.14M 20.82M
Intangible Assets 24.91M 26.87M 17.44M 15.78M
Other Assets 40.98M 38.31M 42.41M 26.93M
Deferred Long Term Asset Charges 1.32M 1.17M 1.8M 2.3M
Total Assets 984.28M 980.74M 854.23M 753.68M
Accounts Payable 105.47M 109.83M 125.81M 96.51M
Other Current Liab 15.32M 4.04M 3.66M 9.26M
Long Term Debt 33.59M 82.02M 90.37M 150.35M
Other Liab 32.33M 47.99M 42.89M 42.45M
Minority Interest 13.53M 13.15M 13.7M 13.32M
Total Current Liabilities 210.02M 228.52M 198.55M 147.21M
Total Liab 410.68M 460.99M 379.83M 340.06M
Common Stock 176.36M 176.36M 176.36M 176.36M
Retained Earnings 270.61M 216.96M 172.73M 114.61M
Treasury Stock 113.11M 113.29M 111.62M 109.33M
Other Stockholder Equity 113.11M 113.29M 111.62M 109.33M
Total Stockholder Equity 560.08M 506.61M 460.71M 400.3M
Net Tangible Assets 484.22M 428.76M 422.13M 363.7M

Cash Flow Statement

Cash Flow Statement history of T&G Global Limited (NZX:TGG)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 8.88M 11.06M 901k 3.58M
Depreciation 50.87M 44.56M 36.7M 22.21M
Change To Netincome -32.45M 12.97M 330k 196k
Change To Account Receivables 33.17M 6.28M -35.91M 4.02M
Change To Liabilities -6.78M -9.47M 49.01M -2.33M
Change To Inventory -7.57M -12.17M 1.75M 11.45M
Total Cash From Operating Activities 55.36M 56.28M 51.01M 39.25M
Capital Expenditures -48.9M -40.79M -35.78M -27.08M
Other Cashflows From Investing Activities 82.4M 52.94M 82.53M 1.85M
Total Cashflows From Investing Activities 60.79M -18.54M 37.19M 28.12M
Dividends Paid -7.35M -7.35M -7.35M -14.71M
Net Borrowings -88.51M -11.89M -79.97M -31.75M
Other Cashflows From Financing Activities -7.93M -8.75M -8.97M -9.13M
Total Cash From Financing Activities -103.79M -27.99M -88.94M -55.59M
Effect Of Exchange Rate 1.99M -1.29M 177k -1.41M
Change In Cash 14.34M 8.46M -570k 10.38M