Abacus Property Group (ASX:ABP) Annual Report 2017



The latest annual report of Abacus Property Group (ABP) was published on 30 Jun 2017. 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 - ABP Annual Results

Amounts in AUD

Total Revenue
317.5M
Gross Profit
239.64M
EBIT
207.68M
Net Tangible Assets
1.73B
Net Income
285.1M
Capital Expenditures
-

ABP Income Statement 2017 Annual Report

As per the latest Income Statement of ABP, the Net revenue increased by $16.77M (6%) compared to the previous period. The operating income in 2017 increased by $34.29M (20%). The net income as per the annual report was 285.1M which increased by $99.21M (53%) compared to previous year.

Income Statement Report (2017/2016)

20172016
Total Revenue317.5M300.72M
Gross Profit239.64M206.41M
Operating Income207.68M173.39M
Income Before Tax302.23M188.41M
Net Income285.1M185.89M

Balance Sheet - ABP 2017 Annual Report

Read further: ABP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Abacus Property Group showed the company increased the cash on balance sheet by $12.50M (29%). The Net tangible assets of ABP on the balance sheet were at 1.73B which is $250.12M (17%) more than previous annual report. The total stockholder equity also increased by $250.12M (16%) compared to previous reporting period.

Balance Sheet Statement Report (2017/2016)

20172016
Cash56.29M43.79M
Total Assets2.44B 2.45B
Long Term Debt549.18M631.32M
Total Liabilities622.05M 891.01M
Total Shareholder Equity1.77B1.52B
Net Tangible Assets1.73B1.48B

Cash Flow Statement - ABP 2017 Annual Report

The 2017 annual cash flow statement of Abacus Property Group showed that the net income increased by $99.21M (53%) compared to previous reporting period. Also the capital expenditure of ABP increased by $NaN (NaN%).

As of 2017, the total cash from investing activities was 171.08M and total cash from financing activities was -274.84M.

Cash Flow Statement Report (2017/2016)

20172016
Net Income285.1M185.89M
Capital Expenditures--
Dividends Paid-63.77M-92.23M
Total Cash From From Investing Activities171.08M-191.98M
Total Cash From From Financing Activities-274.84M105.72M

Abacus Property Group Annual Report History

Income Statement

Income Statement history of Abacus Property Group (ASX:ABP)

30 Jun 201730 Jun 201630 Jun 201530 Jun 2014
Total Revenue317.5M300.72M320.93M387.83M
Cost Of Revenue77.86M94.31M136.63M203.72M
Gross Profit239.64M206.41M184.29M184.12M
Research Development----
Selling General Administrative29.48M27.45M30.46M27.56M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses109.82M127.34M173.69M235.72M
Operating Income207.68M173.39M147.23M152.11M
Total Other Income Expense Net94.55M15.02M-7.37M-30.03M
Ebit207.68M173.39M147.23M152.11M
Interest Expense-35.83M-40.06M-41.76M-50.93M
Income Before Tax302.23M188.41M139.86M122.08M
Income Tax Expense10.14M-1.68M6.64M14.71M
Minority Interest48.52M43.3M30.98M36.79M
Net Income From Continuing Ops292.09M190.09M133.22M107.37M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income285.1M185.89M133.5M108.27M
Net Income Applicable To Common Shares285.1M185.89M133.5M108.27M

Balance Sheet Statement

Balance Sheet Statement history of Abacus Property Group (ASX:ABP)

30 Jun 201730 Jun 201630 Jun 201530 Jun 2014
Cash56.29M43.79M38.39M61.65M
Net Receivables18.46M8.85M11.68M21.16M
Inventory16.47M196.4M58.51M200.72M
Other Current Assets4.91M135.14M6.08M6.35M
Total Current Assets96.13M384.18M114.66M289.9M
Long Term Investments196.53M225.2M142.56M130.16M
Property Plant Equipment84.73M4.68M118.02M154.38M
Good Will32.39M32.39M32.46M32.46M
Other Assets2.03B1.8B1.73B1.47B
Deferred Long Term Asset Charges6.95M10.88M6.66M5.48M
Total Assets2.44B2.45B2.14B2.08B
Accounts Payable27.86M26.17M29.81M21.53M
Short Long Term Debt549.18M756.07M544.04M636.91M
Other Current Liab13.12M57.57M12.41M14.83M
Long Term Debt549.18M631.32M544.04M620.25M
Other Liab31.88M51.21M112.85M115.88M
Minority Interest48.52M43.3M30.98M36.79M
Total Current Liabilities40.98M208.48M42.22M53.02M
Total Liab622.05M891.01M699.12M789.15M
Common Stock1.62B1.57B1.56B1.44B
Retained Earnings164.25M-23.05M-114.44M-160.16M
Treasury Stock-21.05M-26.48M-33.98M-31.04M
Other Stockholder Equity-21.05M-26.48M-33.98M-31.04M
Total Stockholder Equity1.77B1.52B1.41B1.25B
Net Tangible Assets1.73B1.48B1.37B1.22B

Cash Flow Statement

Cash Flow Statement history of Abacus Property Group (ASX:ABP)

30 Jun 201730 Jun 201630 Jun 201530 Jun 2014
Net Income285.1M185.89M133.5M108.27M
Depreciation670k4.26M4.36M4.44M
Change To Netincome-185.33M-87.87M-67.1M-26.56M
Change To Account Receivables20.41M-7.17M20.71M-10.93M
Change To Liabilities----24.62M
Change To Inventory-22.04M2.43M13.93M60.5M
Change To Operating Activities15.62M-7.32M11.71M6.45M
Total Cash From Operating Activities116.23M91.53M119.33M120.59M
Investments58.46M-118.2M-84.71M-93.37M
Total Cashflows From Investing Activities171.08M-191.98M-31.18M21.73M
Dividends Paid-63.77M-92.23M-93M-45.92M
Net Borrowings-222.98M194.92M-122.26M-167.59M
Other Cashflows From Financing Activities-1.23M-4.24M-2.98M-4.07M
Total Cash From Financing Activities-274.84M105.72M-111.26M-125.95M
Effect Of Exchange Rate30k133k-155k463k
Change In Cash12.5M5.4M-23.27M16.83M
Capital Expenditures----