8I Holdings Limited (ASX:8IH) Annual Report 2020



The latest annual report of 8I Holdings Limited (8IH) was published on 31 Mar 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 - 8IH Annual Results

Amounts in SGD

Total Revenue
9.9M
Gross Profit
6.52M
EBIT
-4.52M
Net Tangible Assets
27.89M
Net Income
-3.68M
Capital Expenditures
-198.63k

8IH Income Statement 2020 Annual Report

As per the latest Income Statement of 8IH, the Net revenue decreased by S$-9.95M (-50%) compared to the previous period. The operating income in 2020 increased by S$6.73M (60%). The net income as per the annual report was -3.68M which increased by S$6.52M (64%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue9.9M19.85M
Gross Profit6.52M6.83M
Operating Income-4.52M-11.25M
Income Before Tax-3.84M-10.85M
Net Income-3.68M-10.2M

Balance Sheet - 8IH 2020 Annual Report

Read further: 8IH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 8I Holdings Limited showed the company increased the cash on balance sheet by S$6.06M (49%). The Net tangible assets of 8IH on the balance sheet were at 27.89M which is S$-3.50M (-11%) less than previous annual report. The total stockholder equity also decreased by S$-3.26M (-10%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash18.44M12.38M
Total Assets40.26M 42.66M
Long Term Debt--
Total Liabilities10.88M 10.33M
Total Shareholder Equity28.32M31.57M
Net Tangible Assets27.89M31.39M

Cash Flow Statement - 8IH 2020 Annual Report

The 2020 annual cash flow statement of 8I Holdings Limited showed that the net income increased by S$6.52M (64%) compared to previous reporting period. Also the capital expenditure of 8IH increased by S$179015 (47%).

As of 2020, the total cash from investing activities was 2.79M and total cash from financing activities was -2.69M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-3.68M-10.2M
Capital Expenditures-198.63k-377.64k
Dividends Paid--
Total Cash From From Investing Activities2.79M4.22M
Total Cash From From Financing Activities-2.69M342.29k

8I Holdings Limited Annual Report History

Income Statement

Income Statement history of 8I Holdings Limited (ASX:8IH)

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Total Revenue9.9M19.85M22.25M30.62M
Cost Of Revenue3.38M13.03M12.43M6.06M
Gross Profit6.52M6.83M9.82M24.56M
Research Development----
Selling General Administrative11.04M18.07M14.91M8.02M
Non Recurring----
Other Operating Expenses--3.86M5.44M
Total Operating Expenses14.42M31.1M27.33M19.52M
Operating Income-4.52M-11.25M-5.09M11.1M
Total Other Income Expense Net682.6k395.37k657.91k616.97k
Ebit-4.52M-11.25M-5.09M11.1M
Interest Expense-81.58k-16.53k-83.32k-41.71k
Income Before Tax-3.84M-10.85M-4.43M11.71M
Income Tax Expense151.19k332.55k9.93k221.16k
Minority Interest1.06M756.7k3.37M1.77M
Net Income From Continuing Ops-3.99M-11.18M-4.44M11.49M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-3.68M-10.2M-4.25M11.25M
Net Income Applicable To Common Shares-3.68M-10.2M-4.25M11.25M

Balance Sheet Statement

Balance Sheet Statement history of 8I Holdings Limited (ASX:8IH)

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Cash18.44M12.38M23.33M12.56M
Short Term Investments736.98k529.55k689.64k705.31k
Net Receivables1.72M4.09M10.29M9.07M
Total Current Assets35.46M37.75M61.35M49.6M
Long Term Investments1.27M2.99M3.02M14.45M
Property Plant Equipment1.6M625.92k1.36M910.6k
Intangible Assets430.44k183.14k--
Other Assets1.51M1.11M951.51k148.67k
Deferred Long Term Asset Charges264.33k178.87k217.91k-
Total Assets40.26M42.66M68.37M68.57M
Accounts Payable297.31k268.48k870.77k415.89k
Other Current Liab8.32M9.3M12.62M3.88M
Other Liab4k4k163.11k543.64k
Minority Interest1.06M756.7k3.37M1.77M
Total Current Liabilities10.81M10.31M20.15M6.24M
Total Liab10.88M10.33M20.37M6.87M
Common Stock34.46M34.49M34.42M34.42M
Retained Earnings7.62M10.87M21.07M26.23M
Treasury Stock-13.75M-13.79M-10.87M-720.79k
Other Stockholder Equity-13.75M-13.79M-10.87M-720.79k
Total Stockholder Equity28.32M31.57M44.63M59.93M
Net Tangible Assets27.89M31.39M42.94M56.47M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of 8I Holdings Limited (ASX:8IH)

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Net Income-3.68M-10.2M-4.25M11.25M
Depreciation1.74M655.66k622.16k335.46k
Change To Netincome2.61M6.72M-1.72M-16.58M
Change To Account Receivables-69.07k-569.22k-575.95k214.61k
Change To Liabilities2.09M-170.2k-498.39k123.34k
Total Cash From Operating Activities5.69M-6.3M-7.01M-8.32M
Capital Expenditures-198.63k-377.64k-613.28k-545.04k
Investments315.05k-1.04M-88.96k1.4M
Total Cashflows From Investing Activities2.79M4.22M2.92M4.64M
Net Borrowings-1.39M48.56k-41.24k-59.34k
Other Cashflows From Financing Activities-1.26M225.19k6.55M-343k
Total Cash From Financing Activities-2.69M342.29k5.65M-2.49M
Effect Of Exchange Rate271.04k175.46k175.46k175.46k
Change In Cash6.06M-1.56M1.56M-6.18M
Repurchase Of Stock-35.81k-136.8k-136.8k-286.71k
Dividends Paid---904.95k-1.8M