Advanced Braking Technology Limited (ASX:ABV) Annual Report 2021



The latest annual report of Advanced Braking Technology Limited (ABV) was published on 30 Jun 2021. 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
9.72M
Gross Profit
4.21M
EBIT
622k
Net Tangible Assets
4.12M
Net Income
620k
Capital Expenditures
-274k

ABV Income Statement 2021 Annual Report

As per the latest Income Statement of ABV, the Net revenue increased by $1.37M (16%) compared to the previous period. The operating income in 2021 increased by $226000 (57%). The net income as per the annual report was 620k which increased by $449000 (263%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue9.72M8.35M
Gross Profit4.21M3.71M
Operating Income622k396k
Income Before Tax620k171k
Net Income620k171k

Balance Sheet - ABV 2021 Annual Report

Read further: ABV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Advanced Braking Technology Limited showed the company increased the cash on balance sheet by $895000 (173%). The Net tangible assets of ABV on the balance sheet were at 4.12M which is $794000 (24%) more than previous annual report. The total stockholder equity also increased by $729000 (18%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.41M516k
Total Assets6.83M 5.96M
Long Term Debt--
Total Liabilities2.11M 1.96M
Total Shareholder Equity4.72M3.99M
Net Tangible Assets4.12M3.32M

Cash Flow Statement - ABV 2021 Annual Report

The 2021 annual cash flow statement of Advanced Braking Technology Limited showed that the net income increased by $449000 (263%) compared to previous reporting period. Also the capital expenditure of ABV decreased by $-248000 (-954%).

As of 2021, the total cash from investing activities was -274k and total cash from financing activities was -43k.

Cash Flow Statement Report (2021/2020)

20212020
Net Income620k171k
Capital Expenditures-274k-26k
Dividends Paid--
Total Cash From From Investing Activities-274k53k
Total Cash From From Financing Activities-43k-475k

Advanced Braking Technology Limited Annual Report History

Income Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue9.72M8.35M6.85M6.97M
Cost Of Revenue5.52M4.64M4.35M4.62M
Gross Profit4.21M3.71M2.5M2.35M
Research Development----
Selling General Administrative3.81M3.52M3.92M4.3M
Non Recurring----
Other Operating Expenses-473k-487k-368k-809k
Total Operating Expenses9.1M7.95M8.13M8.37M
Operating Income622k396k-1.28M-1.4M
Total Other Income Expense Net-2k-225k-433k-257k
Ebit622k396k-1.28M-1.4M
Interest Expense-83k-295k-361k-216k
Income Before Tax620k171k-1.71M-1.66M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops620k171k-1.71M-1.66M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income620k171k-1.71M-1.66M
Net Income Applicable To Common Shares620k171k-1.71M-1.66M

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash1.41M516k716k627k
Net Receivables1.43M1.79M1.9M2.18M
Inventory1.77M2M1.84M1.53M
Other Current Assets743k---
Total Current Assets5.35M4.51M4.52M4.41M
Property Plant Equipment872k778k456k471k
Intangible Assets607k672k742k818k
Total Assets6.83M5.96M5.72M5.69M
Accounts Payable1.15M771k1.07M876k
Other Current Liab256k365k131k33k
Other Liab18k14k4k42k
Total Current Liabilities1.69M1.48M3.62M3.22M
Total Liab2.11M1.96M3.69M3.34M
Common Stock55.82M55.82M54.2M52.8M
Retained Earnings-51.38M-51.99M-52.17M-50.45M
Treasury Stock278k169k--
Other Stockholder Equity278k169k--
Total Stockholder Equity4.72M3.99M2.03M2.35M
Net Tangible Assets4.12M3.32M1.29M1.53M
Long Term Debt----

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income620k171k-1.71M-1.66M
Depreciation244k264k211k219k
Change To Netincome348k100k100k100k
Change To Liabilities--123k101k-528k
Total Cash From Operating Activities1.21M222k-1.45M-1.55M
Capital Expenditures-274k-26k-133k-224k
Total Cashflows From Investing Activities-274k53k-133k-224k
Net Borrowings-18k-427k288k523k
Other Cashflows From Financing Activities-25k-48k-98k-98k
Total Cash From Financing Activities-43k-475k1.67M673k
Change In Cash895k-200k89k-1.11M
Dividends Paid----