Group revenues slid 6 per cent to $7.8 billion, while net cash outflows from operations deepened by $5 million to $42 million.
Time is running out for Toll to make more money and pay back its debt, with Japan Post only guaranteeing Tolls banking facilities until a maximum date of June 30, 2021, the ASIC filing said.
Tolls total interest-bearing liabilities have soared, almost doubling over the past 12 months to $6.6 billion and liabilities exceeded its assets by $3 billion at the end of March.
Toll secured an additional $200 million banking facility in May.
The company has been selling assets to raise cash, including a 17-hectare freight hub development in Auckland to Australian property developer Logos, which will generate $NZ188 million.
It is also considering selling two expensive new cargo ships it bought for $172 million last year.
Toll did not quantify the costs of two separate cyber attacks this year.
In the second attack, a ransomware group stealing data from at least one corporate server published some of the information on the dark web.
Toll said it was working with insurers to recover costs incurred.
Japan Post reported in May that Toll had taken a $117 million operating loss in the 2020 financial year but this figure did not include asset impairments.
The group took $129.6 million of property and equipment impairments over the financial year, including an $83 million write-down in its global express business.
The property impairments were much bigger than a year earlier, when Toll wrote off just $2 million and reported a net loss of $113.8 million.
Toll also took a $71.5 million impairment on receivables and a $10.2 million impairment on inventory.
Toll did not pay any dividends in its 2020 financial year. Executive remuneration rose to $3.7 million over the 12 months, up from $2.9 million a year earlier.
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