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
105.74M
Gross Profit
105.74M
EBIT
13.17M
Net Tangible Assets
54.06M
Net Income
8.71M
Capital Expenditures
-17.41M

ACF Income Statement 2021 Annual Report

As per the latest Income Statement of ACF, the Net revenue increased by $24.06M (29%) compared to the previous period. The operating income in 2021 increased by $7.17M (119%). The net income as per the annual report was 8.71M which increased by $5.70M (189%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue105.74M81.68M
Gross Profit105.74M49.04M
Operating Income13.17M6M
Income Before Tax10.22M2.69M
Net Income8.71M3.01M

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 Debt24.2M15.84M
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 $5.70M (189%) 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 -9.93M and total cash from financing activities was -9.77M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income8.71M3.01M
Capital Expenditures-17.41M-13.1M
Dividends Paid-3.15M-1.41M
Total Cash From From Investing Activities-9.93M-22.23M
Total Cash From From Financing Activities-9.77M12.85M

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 Revenue105.74M81.68M68.86M15.48M
Cost Of Revenue-32.64M31.33M6.59M
Gross Profit105.74M49.04M37.53M8.89M
Research Development----
Selling General Administrative-29.2M24.28M6.4M
Non Recurring----
Other Operating Expenses81.39M4.53M3.64M1.43M
Total Operating Expenses92.57M75.68M62.87M14.87M
Operating Income13.17M6M5.99M606.34k
Total Other Income Expense Net-2.95M-3.31M-979.39k9.9M
Ebit13.17M6M5.99M606.34k
Interest Expense-2.95M-2.41M-945.9k-247.76k
Income Before Tax10.22M2.69M5.01M10.51M
Income Tax Expense1.51M-320.7k59.15k-
Minority Interest----
Net Income From Continuing Ops8.71M3.01M4.95M10.51M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income8.71M3.01M4.95M10.51M
Net Income Applicable To Common Shares8.71M3.01M4.95M10.51M

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 Receivables24.61M18.19M13.52M10.58M
Inventory8.96M5.58M3.41M2.11M
Other Current Assets65k72.85k71.3k559.48k
Total Current Assets39.78M32.26M21.01M18.26M
Property Plant Equipment111.82M108.43M46.99M31.71M
Good Will7.43M7.43M7.3M-
Other Assets-1k99.41k-311.58k
Total Assets159.03M148.22M75.3M50.29M
Accounts Payable25.12M10.35M6.93M3.43M
Other Current Liab6.91M4.47M2.85M62.51k
Long Term Debt24.2M15.84M4.84M-
Other Liab9.27M9.12M4.72M784.07k
Total Current Liabilities32.03M34.23M18.12M10.46M
Total Liab97.54M89.92M27.68M11.24M
Common Stock61.49M45.67M34.81M29.38M
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 Income8.71M3.01M4.95M10.51M
Depreciation11.18M9.64M3.26M445.75k
Change To Netincome-7.54M1.86M818.23k-10.43M
Change To Liabilities--1.05M2.76M2.05M
Total Cash From Operating Activities12.35M13.33M8.56M4.01M
Capital Expenditures-17.41M-13.1M-9.78M-1.09M
Total Cashflows From Investing Activities-9.93M-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-3.08M-2.57M-803.17k-2.15M
Total Cash From Financing Activities-9.77M12.85M4.18M1.19M
Change In Cash-7.35M3.95M-1.63M4.44M
Issuance Of Stock130k5.25M150k28.15M