AusCann Group Holdings Ltd (ASX:AC8) Annual Report 2020



The latest annual report of AusCann Group Holdings Ltd (AC8) 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 - AC8 Annual Results

Amounts in AUD

Total Revenue
1.21M
Gross Profit
-1.5M
EBIT
-6.95M
Net Tangible Assets
34.64M
Net Income
-7.08M
Capital Expenditures
-5.34M

AC8 Income Statement 2020 Annual Report

As per the latest Income Statement of AC8, the Net revenue increased by $539773 (80%) compared to the previous period. The operating income in 2020 decreased by $-456134 (-7%). The net income as per the annual report was -7.08M which increased by $573008 (7%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue1.21M670.61k
Gross Profit-1.5M-1.27M
Operating Income-6.95M-6.5M
Income Before Tax-7.08M-7.65M
Net Income-7.08M-7.65M

Balance Sheet - AC8 2020 Annual Report

Read further: AC8 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AusCann Group Holdings Ltd showed the company reduced the cash on balance sheet by $-16.14M (-46%). The Net tangible assets of AC8 on the balance sheet were at 34.64M which is $-7.03M (-17%) less than previous annual report. The total stockholder equity also decreased by $-7.03M (-17%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash19.17M35.31M
Total Assets35.47M 42.87M
Long Term Debt--
Total Liabilities829.22k 1.2M
Total Shareholder Equity34.64M41.67M
Net Tangible Assets34.64M41.67M

Cash Flow Statement - AC8 2020 Annual Report

The 2020 annual cash flow statement of AusCann Group Holdings Ltd showed that the net income increased by $573008 (7%) compared to previous reporting period. Also the capital expenditure of AC8 increased by $1.80M (25%).

As of 2020, the total cash from investing activities was -5.56M and total cash from financing activities was -31.85k.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-7.08M-7.65M
Capital Expenditures-5.34M-7.14M
Dividends Paid--
Total Cash From From Investing Activities-5.56M-7.78M
Total Cash From From Financing Activities-31.85k35.18M

AusCann Group Holdings Ltd Annual Report History

Income Statement

Income Statement history of AusCann Group Holdings Ltd (ASX:AC8)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue1.21M670.61k53.81k260.4k
Cost Of Revenue2.71M1.94M--
Gross Profit-1.5M-1.27M53.81k260.4k
Research Development----
Selling General Administrative4.75M4.3M4.18M2.56M
Non Recurring----
Other Operating Expenses613.95k874.02k1.07M511.05k
Total Operating Expenses8.16M7.17M8M6.75M
Operating Income-6.95M-6.5M-7.94M-6.49M
Total Other Income Expense Net-123.48k-1.15M273.92k-7.65M
Ebit-6.95M-6.5M-7.94M-6.49M
Interest Expense----
Income Before Tax-7.08M-7.65M-7.67M-14.14M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-7.08M-7.65M-7.67M-14.14M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-7.08M-7.65M-7.67M-14.14M
Net Income Applicable To Common Shares-7.08M-7.65M-7.67M-14.14M

Balance Sheet Statement

Balance Sheet Statement history of AusCann Group Holdings Ltd (ASX:AC8)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash19.17M35.31M12.88M15.08M
Inventory3.61M---
Other Current Assets869.07k---
Total Current Assets23.64M35.67M13.91M15.22M
Property Plant Equipment11.82M7.19M109.81k242
Total Assets35.47M42.87M14.71M15.8M
Accounts Payable496.77k1.03M471.78k652.94k
Other Current Liab98.36k83.72k62.54k79.75k
Total Current Liabilities774.78k1.2M600.14k784.38k
Total Liab829.22k1.2M600.14k784.38k
Common Stock75.47M75.45M39.33M33.52M
Retained Earnings-42.11M-35.02M-27.37M-19.7M
Treasury Stock1.27M1.24M2.16M1.2M
Other Stockholder Equity1.27M1.24M2.16M1.2M
Total Stockholder Equity34.64M41.67M14.11M15.01M
Net Tangible Assets34.64M41.67M14.11M15.01M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of AusCann Group Holdings Ltd (ASX:AC8)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-7.08M-7.65M-7.67M-14.14M
Depreciation94.78k56.24k30.77k121
Change To Netincome673.79k2.07M2.75M11.34M
Change To Account Receivables-53.8k-16.54k26.89k-99.86k
Change To Liabilities-631.86k575.7k139.95k157.6k
Change To Inventory-3.61M-3.61M-3.61M-3.61M
Change To Operating Activities50.37k-6.9k-69.15k-210.48k
Total Cash From Operating Activities-10.55M-4.97M-4.79M-2.95M
Capital Expenditures-5.34M-7.14M-140.34k-140.34k
Other Cashflows From Investing Activities-219.91k-639.88k-766.29k-766.29k
Total Cashflows From Investing Activities-5.56M-7.78M-1.37M-944.58k
Net Borrowings-42.35k-42.35k-42.35k-42.35k
Total Cash From Financing Activities-31.85k35.18M3.95M16.01M
Change In Cash-16.14M22.43M-2.2M12.12M
Issuance Of Stock10.5k36.9M3.95M17M
Dividends Paid----