8common Limited (ASX:8CO) Annual Report 2020



The latest annual report of 8common Limited (8CO) 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 - 8CO Annual Results

Amounts in AUD

Total Revenue
3.76M
Gross Profit
445.21k
EBIT
-450.16k
Net Tangible Assets
2.56M
Net Income
-804.09k
Capital Expenditures
-10.15k

8CO Income Statement 2020 Annual Report

As per the latest Income Statement of 8CO, the Net revenue increased by $285156 (8%) compared to the previous period. The operating income in 2020 increased by $904469 (67%). The net income as per the annual report was -804.09k which increased by $552133 (41%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue3.76M3.47M
Gross Profit445.21k-39.49k
Operating Income-450.16k-1.35M
Income Before Tax-774.42k-1.37M
Net Income-804.09k-1.36M

Balance Sheet - 8CO 2020 Annual Report

Read further: 8CO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 8common Limited showed the company increased the cash on balance sheet by $809109 (78%). The Net tangible assets of 8CO on the balance sheet were at 2.56M which is $-1.43M (-36%) less than previous annual report. The total stockholder equity also decreased by $-1.72M (-28%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.84M1.03M
Total Assets5.42M 7.55M
Long Term Debt--
Total Liabilities1.1M 1.5M
Total Shareholder Equity4.33M6.04M
Net Tangible Assets2.56M3.99M

Cash Flow Statement - 8CO 2020 Annual Report

The 2020 annual cash flow statement of 8common Limited showed that the net income increased by $552133 (41%) compared to previous reporting period. Also the capital expenditure of 8CO increased by $0 (0%).

As of 2020, the total cash from investing activities was -10.15k and total cash from financing activities was 1.02M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-804.09k-1.36M
Capital Expenditures-10.15k-10.15k
Dividends Paid--
Total Cash From From Investing Activities-10.15k30.4k
Total Cash From From Financing Activities1.02M599.89k

8common Limited Annual Report History

Income Statement

Income Statement history of 8common Limited (ASX:8CO)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue3.76M3.47M2.64M2.12M
Cost Of Revenue3.31M3.51M2.42M2.35M
Gross Profit445.21k-39.49k215.66k-226.64k
Research Development----
Selling General Administrative506.66k477.82k557.89k445.01k
Non Recurring----
Other Operating Expenses-213.63k-119.33k66.37k-335.4k
Total Operating Expenses4.21M4.83M3.69M2.93M
Operating Income-450.16k-1.35M-1.05M-809.02k
Total Other Income Expense Net-324.26k-19.67k-106.52k-724.9k
Ebit-450.16k-1.35M-1.05M-809.02k
Interest Expense-342-20.98k-106.52k-184.9k
Income Before Tax-774.42k-1.37M-1.15M-1.53M
Income Tax Expense29.67k-18.07k136.57k13.95k
Minority Interest----
Net Income From Continuing Ops-804.09k-1.36M-1.29M-1.55M
Discontinued Operations--307.51k227.33k
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-804.09k-1.36M-982.98k-1.32M
Net Income Applicable To Common Shares-804.09k-1.36M-982.98k-1.32M

Balance Sheet Statement

Balance Sheet Statement history of 8common Limited (ASX:8CO)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.84M1.03M533.59k382.56k
Net Receivables244.43k335.75k3.52M265.18k
Total Current Assets2.18M1.4M4.11M4.51M
Long Term Investments1.32M3.56M--
Property Plant Equipment12.9k10.53k38.1k35.34k
Good Will1.23M1.23M1.23M1.23M
Intangible Assets540.61k826.1k1.49M1.98M
Other Assets143.75k526.69k570.47k224.03k
Deferred Long Term Asset Charges143.75k138.69k182.47k224.03k
Total Assets5.42M7.55M7.43M7.98M
Accounts Payable37.52k351.92k84.31k97.28k
Other Current Liab718.22k823.23k811.43k739.65k
Other Liab50.62k61k48.39k45.35k
Total Current Liabilities1.05M1.44M1.34M3.26M
Total Liab1.1M1.5M1.39M3.31M
Common Stock10.98M9.96M9.34M7.04M
Retained Earnings-5.42M-4.66M-3.3M-2.56M
Treasury Stock-1.23M742.38k-184.86k
Other Stockholder Equity-1.23M742.38k-184.86k
Total Stockholder Equity4.33M6.04M6.04M4.67M
Net Tangible Assets2.56M3.99M3.32M1.46M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of 8common Limited (ASX:8CO)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-804.09k-1.36M-982.98k-1.32M
Depreciation7.79k450.28k375.82k363.74k
Change To Netincome697.06k263.63k56.66k686.26k
Change To Account Receivables91.32k1.65k-72.23k167.5k
Change To Liabilities-476.95k-46.96k-200.61k97.57k
Change To Operating Activities-1.55k73.76k-38.47k-120.87k
Total Cash From Operating Activities-200.94k-130.5k-503.81k14.5k
Capital Expenditures-10.15k-10.15k-10k-11.07k
Total Cashflows From Investing Activities-10.15k30.4k200.81k-47.71k
Total Cash From Financing Activities1.02M599.89k469.61k78.85k
Change In Cash809.11k499.79k151.03k51k
Issuance Of Stock1.02M599.89k1.82M1.82M
Dividends Paid----