1414 Degrees Limited (ASX:14D) Annual Report 2020



The latest annual report of 1414 Degrees Limited (14D) was published on 30 Jun 2020. 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 - 14D Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-
EBIT
-2.9M
Net Tangible Assets
5.77M
Net Income
-2.85M
Capital Expenditures
-36.26k

14D Income Statement 2020 Annual Report

As per the latest Income Statement of 14D, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 increased by $1.01M (26%). The net income as per the annual report was -2.85M which increased by $1.42M (33%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit--
Operating Income-2.9M-3.91M
Income Before Tax-2.85M-4.27M
Net Income-2.85M-4.27M

Balance Sheet - 14D 2020 Annual Report

Read further: 14D Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 1414 Degrees Limited showed the company reduced the cash on balance sheet by $-5.33M (-55%). The Net tangible assets of 14D on the balance sheet were at 5.77M which is $-6.04M (-51%) less than previous annual report. The total stockholder equity also decreased by $-2.79M (-16%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash4.4M9.72M
Total Assets17.21M 17.63M
Long Term Debt--
Total Liabilities3.08M 704.35k
Total Shareholder Equity14.13M16.93M
Net Tangible Assets5.77M11.82M

Cash Flow Statement - 14D 2020 Annual Report

The 2020 annual cash flow statement of 1414 Degrees Limited showed that the net income increased by $1.42M (33%) compared to previous reporting period. Also the capital expenditure of 14D decreased by $-6732 (-23%).

As of 2020, the total cash from investing activities was -2.34M and total cash from financing activities was -398.87k.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-2.85M-4.27M
Capital Expenditures-36.26k-29.53k
Dividends Paid--
Total Cash From From Investing Activities-2.34M-3.1M
Total Cash From From Financing Activities-398.87k16.02M

1414 Degrees Limited Annual Report History

Income Statement

Income Statement history of 1414 Degrees Limited (ASX:14D)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue--15k2.75k
Cost Of Revenue----
Gross Profit--15k2.75k
Research Development----
Selling General Administrative2.64M3.23M4.72M491.61k
Non Recurring----
Other Operating Expenses-78.76k639.84k769.04k79.48k
Total Operating Expenses2.9M3.91M5.51M957.1k
Operating Income-2.9M-3.91M-5.49M-954.36k
Total Other Income Expense Net49.64k-362.62k9.29k-
Ebit-2.9M-3.91M-5.49M-954.36k
Interest Expense-29.55k-74.51k-74.51k-74.51k
Income Before Tax-2.85M-4.27M-5.48M-954.36k
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-2.85M-4.27M-5.48M-954.36k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-2.85M-4.27M-5.48M-954.36k
Net Income Applicable To Common Shares-2.85M-4.27M-5.48M-954.36k

Balance Sheet Statement

Balance Sheet Statement history of 1414 Degrees Limited (ASX:14D)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash4.4M9.72M928.24k1.61M
Net Receivables1.44M2.45M2.48M483.23k
Other Current Assets142.88k216.22k406.01k-
Total Current Assets5.98M12.39M3.81M2.09M
Property Plant Equipment2.88M135.49k139.61k-
Good Will1.87M---
Intangible Assets6.49M5.11M2.17M787.37k
Total Assets17.21M17.63M6.13M2.88M
Accounts Payable297.34k424.01k1.02M465.11k
Other Current Liab57.8k61.3k99.76k-
Other Liab14.91k93k--
Total Current Liabilities575.71k611.35k1.18M465.11k
Total Liab3.08M704.35k1.18M465.11k
Common Stock29.2M29.1M12.95M5.07M
Retained Earnings-15.18M-12.29M-8.02M-3.04M
Treasury Stock116.97k123.11k19.77k386.01k
Other Stockholder Equity116.97k123.11k19.77k386.01k
Total Stockholder Equity14.13M16.93M4.95M2.41M
Net Tangible Assets5.77M11.82M2.78M1.63M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of 1414 Degrees Limited (ASX:14D)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-2.85M-4.27M-5.48M-954.36k
Depreciation1.51M33.66k24.53k24.53k
Change To Netincome-1.09M100.12k2.17M386.01k
Change To Account Receivables-5.85k167.02k-143.54k118.07k
Change To Liabilities-130.18k-629.99k713.7k106.79k
Change To Operating Activities-40.17k-60.68k-406.01k100.1k
Total Cash From Operating Activities-2.61M-4.13M-3.12M-243.38k
Capital Expenditures-36.26k-29.53k-164.15k-164.15k
Other Cashflows From Investing Activities2.98M3M1.92M1.92M
Total Cashflows From Investing Activities-2.34M-3.1M-3.41M-1.06M
Net Borrowings-398.87k-398.87k-398.87k125.03k
Total Cash From Financing Activities-398.87k16.02M5.85M2.9M
Effect Of Exchange Rate15.4k3.21k3.21k3.21k
Change In Cash-5.33M8.79M-679.76k1.59M
Dividends Paid----