Tourism Holdings Limited (NZX:THL) Annual Report 2022



The latest annual report of Tourism Holdings Limited (THL) was published on 30 Jun 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 - THL Annual Results

Amounts in NZD

Total Revenue
345.75M
Gross Profit
194.97M
EBIT
-5.05M
Net Tangible Assets
276.26M
Net Income
-1.48M
Capital Expenditures
-2.93M

THL Income Statement 2022 Annual Report

As per the latest Income Statement of THL, the Net revenue decreased by $-13.42M (-4%) compared to the previous period. The operating income in 2022 increased by $13.26M (72%). The net income as per the annual report was -1.48M which increased by $12.19M (89%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 345.75M 359.17M
Gross Profit 194.97M 173.14M
Operating Income -5.05M -18.31M
Income Before Tax -2.73M -18.37M
Net Income -1.48M -13.68M

Balance Sheet - THL 2022 Annual Report

Read further: THL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Tourism Holdings Limited showed the company increased the cash on balance sheet by $729000 (2%). The Net tangible assets of THL on the balance sheet were at 276.26M which is $11.92M (5%) more than previous annual report. The total stockholder equity also increased by $16.21M (5%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 38.82M 38.09M
Total Assets 595.83M 538.06M
Long Term Debt 97.34M 91.78M
Total Liabilities 264.16M 225.47M
Total Shareholder Equity 331.67M 315.46M
Net Tangible Assets 276.26M 264.34M

Cash Flow Statement - THL 2022 Annual Report

The 2022 annual cash flow statement of Tourism Holdings Limited showed that the net income increased by $12.19M (89%) compared to previous reporting period. Also the capital expenditure of THL decreased by $-1.73M (-144%).

As of 2022, the total cash from investing activities was 15.78M and total cash from financing activities was 3.48M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -1.48M -13.68M
Capital Expenditures -2.93M -1.2M
Dividends Paid - -
Total Cash From From Investing Activities 15.78M -592k
Total Cash From From Financing Activities 3.48M -82M

Tourism Holdings Limited Annual Report History

Income Statement

Income Statement history of Tourism Holdings Limited (NZX:THL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 345.75M 359.17M 400.93M 423M
Cost Of Revenue 150.78M 186.03M 125.5M 114.37M
Gross Profit 194.97M 173.14M 275.43M 308.63M
Research Development - - - -
Selling General Administrative 201.85M 192.23M 229.9M 246.63M
Non Recurring - - - -
Other Operating Expenses -1.83M -780k -2.51M -143k
Total Operating Expenses 350.8M 377.49M 352.89M 360.86M
Operating Income -5.05M -18.31M 48.04M 62.15M
Total Other Income Expense Net 2.32M -58k -21.9M -22.25M
Ebit -5.05M -18.31M 48.04M 62.15M
Interest Expense -10.74M -10.89M -13.37M -11.29M
Income Before Tax -2.73M -18.37M 26.14M 39.89M
Income Tax Expense -612k -3.86M -1.21M 10.14M
Minority Interest - -2.86M -2.86M -2.86M
Net Income From Continuing Ops -2.12M -14.51M 27.36M 29.75M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -1.48M -13.68M 27.36M 29.75M
Net Income Applicable To Common Shares -1.48M -13.68M 27.36M 29.75M

Balance Sheet Statement

Balance Sheet Statement history of Tourism Holdings Limited (NZX:THL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 38.82M 38.09M 35.51M 8.84M
Net Receivables 34.48M 25.47M 27.6M 24.38M
Inventory 67.29M 57.45M 68.49M 56.22M
Other Current Assets 333k - 536k 1M
Total Current Assets 145.78M 124.8M 136.57M 95.23M
Long Term Investments 12.05M 25.77M 35.65M 55.42M
Property Plant Equipment 382.6M 335.41M 429.28M 407.02M
Good Will 34.23M 31.2M 33.28M 34.89M
Intangible Assets 21.18M 19.93M 16.99M 9.29M
Total Assets 595.83M 538.06M 653.55M 602.47M
Accounts Payable 13.9M 12.13M 20.57M 29.47M
Short Long Term Debt 15k 273k 110k 148k
Other Current Liab 27.15M 16.87M 17.86M 30.37M
Long Term Debt 97.34M 91.78M 172.51M 216.78M
Other Liab 16.08M 9.99M 11.89M 22.22M
Total Current Liabilities 78.02M 59.21M 69.48M 86.45M
Total Liab 264.16M 225.47M 328.45M 325.46M
Common Stock 278.98M 277.79M 269.99M 217.01M
Retained Earnings 37.7M 42.31M 55.81M 56.18M
Treasury Stock 14.98M -4.65M -704k 3.83M
Other Stockholder Equity 14.98M -4.65M -704k 3.83M
Total Stockholder Equity 331.67M 315.46M 325.1M 277.02M
Net Tangible Assets 276.26M 264.34M 274.83M 232.84M

Cash Flow Statement

Cash Flow Statement history of Tourism Holdings Limited (NZX:THL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income -1.48M -13.68M 27.36M 29.75M
Depreciation 45.36M 48.23M 62.62M 52.21M
Change To Netincome -41.45M 35.45M -1.67M -67.41M
Change To Account Receivables 618k 10.63M 1.82M -5.88M
Change To Liabilities 2.63M 1.72M -18.74M -3.47M
Change To Inventory -19.94M 3.64M -23k 3.76M
Change To Operating Activities 705k 122k -1.32M 54k
Total Cash From Operating Activities -21.62M 86.98M 69.09M 10.2M
Capital Expenditures -2.93M -1.2M -4.12M -3.88M
Investments 23.14M 4.98M -10.95M -10.34M
Total Cashflows From Investing Activities 15.78M -592k -15.38M -14.62M
Net Borrowings 3.29M -82.3M -59.23M -1.68M
Total Cash From Financing Activities 3.48M -82M -27.32M -308k
Effect Of Exchange Rate 3.08M -1.82M 287k 31k
Change In Cash 729k 2.57M 26.68M -4.7M
Issuance Of Stock 193k 304k 49.28M 30.8M
Dividends Paid - - -17.37M -29.43M