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Pollard Banknote Limited

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 557.1M 520.4M 483.7M 459.0M
Operating Revenue 557.1M 520.4M 483.7M 459.0M
Cost Of Revenue 452.4M 433.9M 400.3M 368.3M
Gross Profit 104.7M 86.6M 83.4M 90.8M
Selling General And Administration 87.3M 79.0M 67.4M 64.4M
General And Administrative Expense 65.0M 58.3M 50.0M 47.2M
Other Operating Expenses -- -- -- -5.4M
Operating Expense 87.3M 79.0M 67.4M 59.0M
Operating Income 17.4M 7.6M 16.0M 31.8M
EBIT 62.4M 48.1M 30.5M 32.1M
Interest Expense 10.3M 10.5M 8.3M 5.0M
Interest Expense Non Operating 10.3M 10.5M 8.3M 5.0M
Net Interest Income -10.3M -10.5M -8.3M -5.0M
Other Income Expense 45.0M 40.5M 14.5M 320,000
Other Non Operating Income Expenses 637,000 -448,000 462,000 524,000
Special Income Charges -782,000 -198,000 -4.6M -11.1M
Restructuring And Mergern Acquisition 782,000 440,000 4.6M 9.6M
Gain On Sale Of Security -7.4M 2.0M -3.7M -1.4M
Earnings From Equity Interest 52.6M 39.1M 22.3M 12.3M
Pretax Income 52.1M 37.5M 22.2M 27.1M
Tax Provision 16.9M 6.1M 2.9M 7.4M
Tax Effect Of Unusual Items -2.7M 300,735 -1.1M -3.4M
Net Income From Continuing And Discontinued Operation 35.2M 31.4M 19.3M 19.7M
Net Income From Continuing Operation Net Minority Interest 35.2M 31.4M 19.3M 19.7M
Net Income Including Noncontrolling Interests 35.2M 31.4M 19.3M 19.7M
Net Income Common Stockholders 35.2M 31.4M 19.3M 19.7M
Net Income 35.2M 31.4M 19.3M 19.7M
EBITDA 106.7M 93.0M 71.5M 71.6M
Normalized EBITDA 114.8M 91.2M 79.7M 84.2M
Reconciled Depreciation 44.2M 45.0M 41.0M 39.6M
Basic EPS 1.30 1.17 0.72 0.74
Diluted EPS 1.28 1.15 0.71 0.73
Basic Average Shares 27.1M 26.9M 26.9M 26.7M
Diluted Average Shares 27.5M 27.4M 27.2M 27.1M
Total Unusual Items -8.2M 1.8M -8.3M -12.5M
Total Unusual Items Excluding Goodwill -8.2M 1.8M -8.3M -12.5M
Tax Rate For Calcs 0.33 0.16 0.13 0.27
Normalized Income 40.7M 29.9M 26.5M 28.8M
Diluted NI Availto Com Stockholders 35.2M 31.4M 19.3M 19.7M
Net Income Continuous Operations 35.2M 31.4M 19.3M 19.7M
Net Non Operating Interest Income Expense -10.3M -10.5M -8.3M -5.0M
Other Gand A 65.0M 58.3M 50.0M 47.2M
Other Special Charges -- -242,000 -- 1.6M
Reconciled Cost Of Revenue 452.4M 433.9M 400.3M 368.3M
Selling And Marketing Expense 22.4M 20.7M 17.4M 17.2M
Total Expenses 539.7M 512.8M 467.7M 427.2M
Total Operating Income As Reported 69.8M 46.0M 34.2M 33.5M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 22.4M 8.4M 1.5M 3.5M
Cash Cash Equivalents And Short Term Investments 22.4M 8.4M 1.5M 3.5M
Cash Financial 22.4M 8.4M 1.5M 3.5M
Accounts Receivable 79.1M 75.7M 84.2M 73.4M
Receivables 91.4M 85.2M 94.3M 77.8M
Inventory 67.5M 60.5M 62.1M 45.0M
Prepaid Assets 12.2M 8.1M 6.9M 7.6M
Current Assets 230.9M 183.2M 189.9M 153.2M
Gross PPE 355.1M 323.8M 319.6M 301.5M
Accumulated Depreciation -241.9M -223.2M -218.9M -196.9M
Net PPE 113.2M 100.5M 100.6M 104.6M
Goodwill 122.4M 111.0M 111.2M 108.2M
Goodwill And Other Intangible Assets 250.4M 214.9M 210.6M 202.5M
Other Intangible Assets 128.0M 103.9M 99.5M 94.3M
Investments And Advances 415,000 518,000 549,000 585,000
Long Term Equity Investment 415,000 518,000 549,000 585,000
Other Non Current Assets -- 7.8M 3.0M --
Total Non Current Assets 405.4M 332.5M 316.9M 308.2M
Total Assets 636.3M 515.7M 506.7M 461.4M
Current Debt And Capital Lease Obligation 5.2M 4.7M 6.1M 6.2M
Accounts Payable 120.4M 92.2M 94.5M 81.3M
Payables 125.7M 93.4M 104.3M 82.6M
Payables And Accrued Expenses 125.7M 93.4M 104.3M 82.6M
Current Deferred Revenue 4.1M 3.4M 1.7M 2.2M
Current Liabilities 135.0M 101.4M 112.1M 91.0M
Long Term Debt 151.1M 119.7M 121.7M 115.1M
Long Term Debt And Capital Lease Obligation 163.3M 132.6M 129.2M 125.5M
Long Term Capital Lease Obligation 12.3M 12.9M 7.5M 10.4M
Other Non Current Liabilities 1.4M 767,000 486,000 4.3M
Total Non Current Liabilities Net Minority Interest 167.2M 139.5M 142.7M 163.5M
Total Liabilities Net Minority Interest 302.2M 240.9M 254.8M 254.4M
Common Stock 152.0M 150.7M 149.8M 149.8M
Capital Stock 152.0M 150.7M 149.8M 149.8M
Retained Earnings 158.0M 119.6M 93.2M 58.7M
Gains Losses Not Affecting Retained Earnings 24.1M 4.5M 8.9M -1.6M
Common Stock Equity 334.1M 274.8M 251.9M 207.0M
Stockholders Equity 334.1M 274.8M 251.9M 207.0M
Total Equity Gross Minority Interest 334.1M 274.8M 251.9M 207.0M
Total Capitalization 485.2M 394.5M 373.6M 322.1M
Net Tangible Assets 83.7M 59.9M 41.3M 4.5M
Tangible Book Value 83.7M 59.9M 41.3M 4.5M
Working Capital 95.9M 81.8M 77.8M 62.2M
Invested Capital 485.2M 394.5M 373.6M 322.1M
Total Debt 168.5M 137.2M 135.3M 131.7M
Net Debt 128.7M 111.3M 120.2M 111.6M
Share Issued 27.1M 27.0M 26.9M 26.9M
Ordinary Shares Number 27.1M 27.0M 26.9M 26.9M
Allowance For Doubtful Accounts Receivable -494,000 -447,000 -411,000 -410,000
Buildings And Improvements 54.9M 51.5M 52.0M 51.8M
Capital Lease Obligations 17.5M 17.5M 13.6M 16.6M
Construction In Progress 22.9M 14.7M 16.4M 16.9M
Current Capital Lease Obligation 5.2M 4.7M 6.1M 6.2M
Current Deferred Liabilities 4.1M 3.4M 1.7M 2.2M
Defined Pension Benefit 5.8M 0.00 988,000 0.00
Dividends Payable 1.4M 1.1M 1.1M 1.1M
Employee Benefits 0.00 2.6M 0.00 22.5M
Finished Goods 31.7M 29.4M 32.3M 21.1M
Foreign Currency Translation Adjustments 24.1M 4.5M -- --
Gross Accounts Receivable 79.6M 76.1M 84.7M 73.8M
Income Tax Payable 3.9M 52,000 8.7M 194,000
Investmentsin Joint Venturesat Cost -- -- -- 585,000
Land And Improvements 2.2M 2.2M 2.2M 2.1M
Leases 6.9M 6.6M 6.4M 6.3M
Machinery Furniture Equipment 12.4M 11.8M 10.8M 10.4M
Non Current Accounts Receivable 11.1M 7.8M 488,000 584,000
Non Current Deferred Assets 24.5M 8.8M 1.1M 0.00
Non Current Deferred Liabilities 2.5M 3.6M 13.0M 11.1M
Non Current Deferred Revenue 796,000 881,000 421,000 --
Non Current Deferred Taxes Assets 24.5M 8.8M 1.1M 0.00
Non Current Deferred Taxes Liabilities 1.7M 2.7M 12.6M 11.1M
Non Current Pension And Other Postretirement Benefit Plans 0.00 2.6M 0.00 22.5M
Other Properties 255.8M 237.1M 231.8M 213.9M
Other Receivables 12.3M 7.2M -- --
Properties 0.00 0.00 0.00 0.00
Raw Materials 32.3M 28.3M 28.3M 21.7M
Restricted Cash 37.4M 20.9M 25.0M 19.2M
Taxes Receivable 0.00 2.4M 10.1M 4.5M
Total Tax Payable 3.9M 52,000 8.7M 194,000
Treasury Shares Number -- 0.00 -- --
Work In Process 3.4M 2.8M 1.6M 2.3M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 73.9M 64.6M 54.2M 56.5M
Cash Flow From Continuing Operating Activities 73.9M 64.8M 54.2M 56.5M
Depreciation And Amortization 44.2M 45.0M 41.0M 39.6M
Depreciation Amortization Depletion 44.2M 45.0M 41.0M 39.6M
Deferred Tax 16.9M 6.1M 2.9M 7.4M
Deferred Income Tax 16.9M 6.1M 2.9M 7.4M
Change In Working Capital -1.1M 5.5M -15.4M 9.3M
Changes In Account Receivables 3.0M 2.0M -3.2M -1.4M
Change In Receivables -1.9M -135,000 -3.2M -1.4M
Change In Inventory 716,000 1.1M -15.7M 2.6M
Change In Payables And Accrued Expense 7.1M 9.0M 4.5M 6.6M
Change In Other Working Capital 619,000 2.1M -1.1M 1.9M
Change In Other Current Assets -3.1M -4.8M -388,000 --
Other Non Cash Items 4.9M 6.1M 5.7M 7.3M
Capital Expenditure -54.0M -38.1M -33.2M -34.8M
Purchase Of PPE -25.5M -14.6M -14.3M -22.2M
Net PPE Purchase And Sale -25.5M -14.6M -14.3M -22.2M
Purchase Of Business -23.2M -14.0M -15.1M -38.4M
Investing Cash Flow -77.2M -52.1M -48.4M -60.6M
Cash Flow From Continuing Investing Activities -77.2M -52.1M -48.4M -60.6M
Repayment Of Debt -5.6M -6.7M -6.6M -6.2M
Net Issuance Payments Of Debt 21.0M -7.6M -3.4M -21.6M
Issuance Of Capital Stock 1.0M 690,000 0.00 32.8M
Net Common Stock Issuance 1.0M 690,000 0.00 32.8M
Common Stock Dividend Paid -- -- -4.3M -4.3M
Financing Cash Flow 16.8M -10.9M -7.7M 6.4M
Cash Flow From Continuing Financing Activities 16.8M -10.9M -7.7M 6.4M
Effect Of Exchange Rate Changes 421,000 247,000 -142,000 -688,000
Changes In Cash 13.5M 1.6M -1.9M 2.3M
Beginning Cash Position 8.4M 6.6M 3.5M 1.9M
End Cash Position 22.4M 8.4M 1.5M 3.5M
Free Cash Flow 19.9M 26.5M 21.0M 21.7M
Cash Dividends Paid -5.1M -4.3M -4.3M -4.3M
Change In Prepaid Assets -4.5M -1.8M 505,000 -474,000
Common Stock Issuance 1.0M 690,000 0.00 32.8M
Dividend Received Cfo 52.6M 39.1M 22.3M --
Earnings Losses From Equity Investments -52.6M -39.1M -22.3M -12.3M
Interest Paid Cfo -9.8M -9.7M -5.9M -3.5M
Long Term Debt Payments -5.6M -6.7M -6.6M -6.2M
Net Business Purchase And Sale -23.2M -14.0M -15.1M -25.8M
Net Foreign Currency Exchange Gain Loss 6.7M -2.0M 4.5M 251,000
Net Income From Continuing Operations 35.2M 31.4M 19.3M 19.7M
Net Intangibles Purchase And Sale -28.4M -23.5M -18.9M -12.6M
Net Long Term Debt Issuance 21.0M -7.6M -3.4M -21.6M
Net Other Financing Charges -89,000 248,000 -44,000 -560,000
Operating Gains Losses -38.3M -34.7M -8.4M -2.1M
Pension And Employee Benefit Expense 7.6M 6.3M 9.5M 9.9M
Purchase Of Intangibles -28.4M -23.5M -18.9M -12.6M
Taxes Refund Paid -30.8M -24.2M -7.5M -21.1M
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