
Livestock Improvement Corporation Ltd
NZX:LIC

Income Statement
Earnings Waterfall
Livestock Improvement Corporation Ltd
Revenue
|
281m
NZD
|
Cost of Revenue
|
-165.5m
NZD
|
Gross Profit
|
115.5m
NZD
|
Operating Expenses
|
-87.5m
NZD
|
Operating Income
|
28.1m
NZD
|
Other Expenses
|
-10.2m
NZD
|
Net Income
|
17.8m
NZD
|
Income Statement
Livestock Improvement Corporation Ltd
May-2005 | Nov-2005 | May-2006 | Nov-2006 | May-2007 | Nov-2007 | May-2008 | Nov-2008 | May-2009 | Nov-2009 | May-2010 | Nov-2010 | May-2011 | Nov-2011 | May-2012 | May-2013 | Nov-2013 | May-2014 | May-2015 | Nov-2015 | May-2016 | Nov-2016 | May-2017 | Nov-2017 | May-2018 | Nov-2018 | May-2019 | Nov-2019 | May-2020 | Nov-2020 | May-2021 | Nov-2021 | May-2022 | Nov-2022 | May-2023 | Nov-2023 | May-2024 | Nov-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||
Revenue |
104
N/A
|
107
+3%
|
110
+3%
|
112
+1%
|
112
+0%
|
124
+11%
|
132
+7%
|
149
+13%
|
151
+1%
|
140
-8%
|
137
-2%
|
154
+13%
|
166
+7%
|
173
+5%
|
175
+1%
|
62
-64%
|
197
+218%
|
212
+7%
|
232
+10%
|
218
-6%
|
211
-3%
|
197
-6%
|
204
+3%
|
225
+11%
|
236
+5%
|
245
+3%
|
247
+1%
|
249
+1%
|
241
-3%
|
238
-1%
|
249
+5%
|
249
0%
|
263
+6%
|
271
+3%
|
277
+2%
|
271
-2%
|
267
-1%
|
281
+5%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
0
|
(33)
|
(63)
|
(69)
|
(75)
|
(86)
|
(84)
|
(80)
|
(78)
|
(86)
|
(92)
|
(96)
|
(103)
|
(49)
|
(115)
|
(121)
|
(133)
|
(133)
|
(130)
|
(117)
|
(118)
|
(123)
|
(134)
|
(138)
|
(137)
|
(139)
|
(134)
|
(134)
|
(144)
|
(144)
|
(154)
|
(161)
|
(166)
|
(164)
|
(161)
|
(165)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
44
N/A
|
49
+11%
|
55
+13%
|
57
+4%
|
63
+10%
|
67
+6%
|
60
-10%
|
59
-2%
|
68
+16%
|
73
+7%
|
77
+6%
|
71
-8%
|
14
-81%
|
82
+503%
|
91
+11%
|
99
+9%
|
86
-14%
|
80
-6%
|
80
0%
|
86
+7%
|
102
+19%
|
102
+0%
|
107
+4%
|
109
+2%
|
110
+1%
|
107
-3%
|
104
-3%
|
105
+1%
|
105
+0%
|
110
+5%
|
110
+0%
|
111
+1%
|
107
-3%
|
106
-1%
|
116
+9%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(99)
|
(99)
|
(102)
|
(68)
|
(18)
|
(20)
|
(30)
|
(30)
|
(42)
|
(41)
|
(40)
|
(43)
|
(47)
|
(49)
|
(52)
|
(28)
|
(59)
|
(66)
|
(79)
|
(86)
|
(78)
|
(73)
|
(78)
|
(79)
|
(87)
|
(68)
|
(79)
|
(83)
|
(82)
|
(75)
|
(72)
|
(69)
|
(75)
|
(100)
|
(80)
|
(83)
|
(84)
|
(87)
|
|
Selling, General & Administrative |
0
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Research & Development |
(3)
|
(3)
|
(3)
|
(4)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(14)
|
0
|
(13)
|
(18)
|
(14)
|
0
|
(15)
|
(16)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(10)
|
(10)
|
(10)
|
(9)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(8)
|
(16)
|
(17)
|
(21)
|
(23)
|
(25)
|
(26)
|
(28)
|
(29)
|
(28)
|
(27)
|
(27)
|
(29)
|
(27)
|
(23)
|
(22)
|
(20)
|
(23)
|
(23)
|
(23)
|
(23)
|
(24)
|
(26)
|
|
Other Operating Expenses |
(85)
|
(86)
|
(88)
|
(54)
|
(9)
|
(11)
|
(20)
|
(21)
|
(34)
|
(32)
|
(31)
|
(34)
|
(37)
|
(39)
|
(41)
|
(21)
|
(43)
|
(49)
|
(41)
|
(62)
|
(54)
|
(47)
|
(36)
|
(51)
|
(46)
|
(23)
|
(38)
|
(54)
|
(40)
|
(36)
|
(32)
|
(31)
|
(34)
|
(58)
|
(38)
|
(59)
|
(60)
|
(61)
|
|
Operating Income |
5
N/A
|
8
+57%
|
8
-1%
|
11
+37%
|
31
+174%
|
35
+14%
|
27
-22%
|
34
+23%
|
25
-27%
|
19
-22%
|
19
-3%
|
25
+33%
|
26
+5%
|
29
+10%
|
20
-31%
|
(15)
N/A
|
23
N/A
|
25
+6%
|
20
-18%
|
(1)
N/A
|
2
N/A
|
7
+219%
|
8
+19%
|
23
+182%
|
15
-35%
|
39
+158%
|
30
-21%
|
27
-10%
|
25
-9%
|
29
+14%
|
33
+16%
|
36
+9%
|
35
-4%
|
10
-72%
|
31
+219%
|
25
-21%
|
22
-12%
|
28
+28%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
0
|
2
|
14
|
12
|
(2)
|
(1)
|
2
|
1
|
2
|
1
|
2
|
1
|
(0)
|
(1)
|
(0)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
|
Non-Reccuring Items |
0
|
0
|
(1)
|
0
|
0
|
0
|
(3)
|
(3)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
0
|
(0)
|
(0)
|
(0)
|
1
|
(2)
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
(22)
|
0
|
5
|
5
|
(9)
|
(1)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
4
|
4
|
(1)
|
3
|
4
|
(6)
|
(5)
|
25
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
5
N/A
|
8
+53%
|
8
-7%
|
11
+48%
|
30
+167%
|
33
+13%
|
24
-27%
|
32
+32%
|
35
+9%
|
28
-20%
|
15
-46%
|
22
+43%
|
26
+19%
|
29
+12%
|
34
+17%
|
(10)
N/A
|
28
N/A
|
25
-12%
|
21
-15%
|
2
-91%
|
(4)
N/A
|
0
N/A
|
30
+7 525%
|
25
-17%
|
14
-46%
|
38
+177%
|
30
-20%
|
27
-10%
|
25
-9%
|
28
+12%
|
31
+13%
|
35
+13%
|
13
-64%
|
9
-26%
|
36
+283%
|
30
-17%
|
14
-54%
|
28
+100%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
(4)
|
(8)
|
(14)
|
(9)
|
(10)
|
(11)
|
(9)
|
(7)
|
(9)
|
(8)
|
(8)
|
(9)
|
3
|
(8)
|
(7)
|
(8)
|
(2)
|
(0)
|
(1)
|
(10)
|
(9)
|
(4)
|
(11)
|
(8)
|
(7)
|
(3)
|
(3)
|
(7)
|
(9)
|
(2)
|
(1)
|
(9)
|
(7)
|
(6)
|
(10)
|
|
Income from Continuing Operations |
5
|
8
|
8
|
7
|
22
|
20
|
16
|
22
|
25
|
19
|
8
|
13
|
18
|
21
|
24
|
(6)
|
21
|
18
|
14
|
(0)
|
(4)
|
(1)
|
21
|
17
|
9
|
27
|
22
|
20
|
21
|
24
|
24
|
26
|
11
|
8
|
27
|
23
|
8
|
18
|
|
Income to Minority Interest |
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
5
N/A
|
8
+54%
|
8
-6%
|
7
-13%
|
19
+192%
|
18
-6%
|
16
-13%
|
22
+40%
|
25
+13%
|
19
-22%
|
8
-56%
|
13
+58%
|
18
+32%
|
21
+18%
|
24
+18%
|
(6)
N/A
|
21
N/A
|
18
-12%
|
14
-23%
|
0
-99%
|
(4)
N/A
|
(1)
+77%
|
21
N/A
|
16
-20%
|
9
-44%
|
27
+193%
|
22
-18%
|
20
-11%
|
17
-11%
|
21
+18%
|
23
+11%
|
40
+76%
|
27
-34%
|
9
-65%
|
27
+195%
|
23
-16%
|
8
-66%
|
18
+131%
|
|
EPS (Diluted) |
0.04
N/A
|
0.06
+50%
|
0.06
N/A
|
0.07
+17%
|
0.17
+143%
|
0.16
-6%
|
0.13
-19%
|
0.19
+46%
|
0.21
+11%
|
0.16
-24%
|
0.07
-56%
|
0.11
+57%
|
0.15
+36%
|
0.18
+20%
|
0.21
+17%
|
-0.05
N/A
|
0.18
N/A
|
0.15
-17%
|
0.12
-20%
|
0
N/A
|
-0.03
N/A
|
-0.01
+67%
|
0.18
N/A
|
0.14
-22%
|
0.13
-7%
|
0.19
+46%
|
0.14
-26%
|
0.15
+7%
|
0.15
N/A
|
0.14
-7%
|
0.16
+14%
|
0.28
+75%
|
0.18
-36%
|
0.05
-72%
|
0.19
+280%
|
0.16
-16%
|
0.05
-69%
|
0.12
+140%
|