Acrow Formwork and Construction Services Limited (ASX:ACF) Annual Report 2021



The latest annual report of Acrow Formwork and Construction Services Limited (ACF) 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 - ACF Annual Results

Amounts in AUD

Total Revenue
94.61M
Gross Profit
59.4M
EBIT
3.64M
Net Tangible Assets
54.06M
Net Income
3.96M
Capital Expenditures
-17.41M

ACF Income Statement 2021 Annual Report

As per the latest Income Statement of ACF, the Net revenue increased by $12.93M (16%) compared to the previous period. The operating income in 2021 decreased by $-2.22M (-38%). The net income as per the annual report was 3.96M which increased by $949663 (32%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue94.61M81.68M
Gross Profit59.4M49.48M
Operating Income3.64M5.86M
Income Before Tax6.14M2.69M
Net Income3.96M3.01M

Balance Sheet - ACF 2021 Annual Report

Read further: ACF Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Acrow Formwork and Construction Services Limited showed the company reduced the cash on balance sheet by $-5.48M (-76%). The Net tangible assets of ACF on the balance sheet were at 54.06M which is $3.19M (6%) more than previous annual report. The total stockholder equity also increased by $3.19M (5%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.75M7.24M
Total Assets159.03M 148.22M
Long Term Debt14.44M15.84M
Total Liabilities97.54M 89.92M
Total Shareholder Equity61.49M58.3M
Net Tangible Assets54.06M50.87M

Cash Flow Statement - ACF 2021 Annual Report

The 2021 annual cash flow statement of Acrow Formwork and Construction Services Limited showed that the net income increased by $949663 (32%) compared to previous reporting period. Also the capital expenditure of ACF decreased by $-4.31M (-33%).

As of 2021, the total cash from investing activities was -9.84M and total cash from financing activities was -9.83M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income3.96M3.01M
Capital Expenditures-17.41M-13.1M
Dividends Paid-3.15M-1.41M
Total Cash From From Investing Activities-9.84M-22.23M
Total Cash From From Financing Activities-9.83M12.85M

Acrow Formwork and Construction Services Limited Annual Report History

Income Statement

Income Statement history of Acrow Formwork and Construction Services Limited (ASX:ACF)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue94.61M81.68M68.86M15.48M
Cost Of Revenue35.21M32.2M31.33M6.59M
Gross Profit59.4M49.48M37.53M8.89M
Research Development----
Selling General Administrative40.61M29.97M24.28M6.4M
Non Recurring----
Other Operating Expenses3.59M4M3.64M1.43M
Total Operating Expenses90.96M75.82M62.87M14.87M
Operating Income3.64M5.86M5.99M606.34k
Total Other Income Expense Net2.5M-3.17M-979.39k9.9M
Ebit3.64M5.86M5.99M606.34k
Interest Expense-3.31M-2.41M-945.9k-247.76k
Income Before Tax6.14M2.69M5.01M10.51M
Income Tax Expense2.18M-320.7k59.15k-
Minority Interest----
Net Income From Continuing Ops3.96M3.01M4.95M10.51M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.96M3.01M4.95M10.51M
Net Income Applicable To Common Shares3.96M3.01M4.95M10.51M

Balance Sheet Statement

Balance Sheet Statement history of Acrow Formwork and Construction Services Limited (ASX:ACF)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash1.75M7.24M3.29M4.92M
Net Receivables26M18.19M13.52M10.58M
Inventory8.96M5.58M3.41M2.11M
Other Current Assets66.51k72.85k71.3k559.48k
Total Current Assets39.78M32.26M21.01M18.26M
Property Plant Equipment111.82M108.43M46.99M31.71M
Good Will7.43M7.43M7.3M-
Total Assets159.03M148.22M75.3M50.29M
Accounts Payable19.56M10.35M6.93M3.43M
Short Long Term Debt7.9M5.98M2.1M-
Other Current Liab3.86M4.47M2.85M62.51k
Long Term Debt14.44M15.84M4.84M-
Other Liab7.68M9.12M4.72M784.07k
Total Current Liabilities48.03M34.23M18.12M10.46M
Total Liab97.54M89.92M27.68M11.24M
Common Stock46.7M45.67M34.81M29.38M
Retained Earnings11.76M11.71M10.75M8.99M
Treasury Stock3.03M914.26k2.06M679.3k
Other Stockholder Equity3.03M914.26k2.06M679.3k
Total Stockholder Equity61.49M58.3M47.62M39.05M
Net Tangible Assets54.06M50.87M40.32M39.05M

Cash Flow Statement

Cash Flow Statement history of Acrow Formwork and Construction Services Limited (ASX:ACF)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income3.96M3.01M4.95M10.51M
Depreciation11.56M9.64M3.26M445.75k
Change To Netincome-1.79M1.86M818.23k-10.43M
Change To Account Receivables-8.25M853.79k-2.02M229.55k
Change To Liabilities10.98M-1.05M2.76M2.05M
Change To Inventory-3.38M-610.38k-954.93k164.41k
Change To Operating Activities-758.35k-383.68k-261.12k1.03M
Total Cash From Operating Activities12.32M13.33M8.56M4.01M
Capital Expenditures-17.41M-13.1M-9.78M-1.09M
Total Cashflows From Investing Activities-9.84M-22.23M-14.36M-757.8k
Dividends Paid-3.15M-1.41M-2.11M-2.11M
Net Borrowings-3.68M11.58M6.94M-24.81M
Other Cashflows From Financing Activities-3.14M-2.57M-803.17k-2.15M
Total Cash From Financing Activities-9.83M12.85M4.18M1.19M
Effect Of Exchange Rate-1-1-1-2.65k
Change In Cash-7.35M3.95M-1.63M4.44M
Issuance Of Stock130.35k5.25M150k28.15M