Advanced Braking Technology Limited (ASX:ABV) Annual Report 2020



The latest annual report of Advanced Braking Technology Limited (ABV) 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 - ABV Annual Results

Amounts in AUD

Total Revenue
8.35M
Gross Profit
3.71M
EBIT
396k
Net Tangible Assets
3.32M
Net Income
171k
Capital Expenditures
-26k

ABV Income Statement 2020 Annual Report

As per the latest Income Statement of ABV, the Net revenue increased by $1.50M (22%) compared to the previous period. The operating income in 2020 increased by $1.68M (131%). The net income as per the annual report was 171k which increased by $1.88M (110%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue8.35M6.85M
Gross Profit3.71M2.5M
Operating Income396k-1.28M
Income Before Tax171k-1.71M
Net Income171k-1.71M

Balance Sheet - ABV 2020 Annual Report

Read further: ABV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Advanced Braking Technology Limited showed the company reduced the cash on balance sheet by $-200000 (-28%). The Net tangible assets of ABV on the balance sheet were at 3.32M which is $2.03M (157%) more than previous annual report. The total stockholder equity also increased by $1.96M (96%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash516k716k
Total Assets5.96M 5.72M
Long Term Debt--
Total Liabilities1.96M 3.69M
Total Shareholder Equity3.99M2.03M
Net Tangible Assets3.32M1.29M

Cash Flow Statement - ABV 2020 Annual Report

The 2020 annual cash flow statement of Advanced Braking Technology Limited showed that the net income increased by $1.88M (110%) compared to previous reporting period. Also the capital expenditure of ABV increased by $107000 (80%).

As of 2020, the total cash from investing activities was 53k and total cash from financing activities was -475k.

Cash Flow Statement Report (2020/2019)

20202019
Net Income171k-1.71M
Capital Expenditures-26k-133k
Dividends Paid--
Total Cash From From Investing Activities53k-133k
Total Cash From From Financing Activities-475k1.67M

Advanced Braking Technology Limited Annual Report History

Income Statement

Income Statement history of Advanced Braking Technology Limited (ASX:ABV)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue8.35M6.85M6.97M6.79M
Cost Of Revenue4.64M4.35M4.62M4.16M
Gross Profit3.71M2.5M2.35M2.63M
Research Development----
Selling General Administrative3.52M3.92M4.3M3.43M
Non Recurring----
Other Operating Expenses-487k-368k-809k-579k
Total Operating Expenses7.95M8.13M8.37M7.31M
Operating Income396k-1.28M-1.4M-523k
Total Other Income Expense Net-225k-433k-257k-42k
Ebit396k-1.28M-1.4M-523k
Interest Expense-295k-361k-216k-154k
Income Before Tax171k-1.71M-1.66M-565k
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops171k-1.71M-1.66M-565k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income171k-1.71M-1.66M-565k
Net Income Applicable To Common Shares171k-1.71M-1.66M-565k

Balance Sheet Statement

Balance Sheet Statement history of Advanced Braking Technology Limited (ASX:ABV)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash516k716k627k1.73M
Net Receivables1.79M1.9M2.18M2.98M
Inventory2M1.84M1.53M1.02M
Total Current Assets4.51M4.52M4.41M5.91M
Property Plant Equipment778k456k471k409k
Intangible Assets672k742k818k916k
Total Assets5.96M5.72M5.69M7.23M
Accounts Payable771k1.07M876k1.26M
Other Current Liab365k131k33k34k
Other Liab14k4k42k31k
Total Current Liabilities1.48M3.62M3.22M2M
Total Liab1.96M3.69M3.34M3.38M
Common Stock55.82M54.2M52.8M52.66M
Retained Earnings-51.99M-52.17M-50.45M-48.8M
Treasury Stock169k---
Other Stockholder Equity169k---
Total Stockholder Equity3.99M2.03M2.35M3.86M
Net Tangible Assets3.32M1.29M1.53M2.94M
Long Term Debt---1.25M

Cash Flow Statement

Cash Flow Statement history of Advanced Braking Technology Limited (ASX:ABV)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income171k-1.71M-1.66M-565k
Depreciation264k211k219k266k
Change To Netincome100k100k100k-74k
Change To Account Receivables20k49k838k-890k
Change To Liabilities-123k101k-528k637k
Change To Inventory-165k-307k-510k-115k
Change To Operating Activities-51k196k42k-100k
Total Cash From Operating Activities222k-1.45M-1.55M-807k
Capital Expenditures-26k-133k-224k-363k
Total Cashflows From Investing Activities53k-133k-224k-265k
Net Borrowings-427k288k523k-595k
Other Cashflows From Financing Activities-48k-98k-98k-189k
Total Cash From Financing Activities-475k1.67M673k1.92M
Change In Cash-200k89k-1.11M846k
Dividends Paid----