Acrow Formwork and Construction Services Limited (ASX:ACF) Annual Report 2020



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

Amounts in AUD

Total Revenue
81.68M
Gross Profit
49.04M
EBIT
6M
Net Tangible Assets
50.87M
Net Income
3.01M
Capital Expenditures
-13.1M

ACF Income Statement 2020 Annual Report

As per the latest Income Statement of ACF, the Net revenue increased by $12.82M (19%) compared to the previous period. The operating income in 2020 increased by $16091 (0%). The net income as per the annual report was 3.01M which decreased by $-1.94M (-39%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue81.68M68.86M
Gross Profit49.04M37.53M
Operating Income6M5.99M
Income Before Tax2.69M5.01M
Net Income3.01M4.95M

Balance Sheet - ACF 2020 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 increased the cash on balance sheet by $3.95M (120%). The Net tangible assets of ACF on the balance sheet were at 50.87M which is $10.55M (26%) more than previous annual report. The total stockholder equity also increased by $10.67M (22%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash7.24M3.29M
Total Assets148.22M 75.3M
Long Term Debt15.84M4.84M
Total Liabilities89.92M 27.68M
Total Shareholder Equity58.3M47.62M
Net Tangible Assets50.87M40.32M

Cash Flow Statement - ACF 2020 Annual Report

The 2020 annual cash flow statement of Acrow Formwork and Construction Services Limited showed that the net income decreased by $-1.94M (-39%) compared to previous reporting period. Also the capital expenditure of ACF decreased by $-3.32M (-34%).

As of 2020, the total cash from investing activities was -22.23M and total cash from financing activities was 12.85M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income3.01M4.95M
Capital Expenditures-13.1M-9.78M
Dividends Paid-1.41M-2.11M
Total Cash From From Investing Activities-22.23M-14.36M
Total Cash From From Financing Activities12.85M4.18M

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 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue81.68M68.86M15.48M-
Cost Of Revenue32.64M31.33M6.59M-
Gross Profit49.04M37.53M8.89M-
Research Development----
Selling General Administrative29.2M24.28M6.4M198.34k
Non Recurring----
Other Operating Expenses4.53M3.64M1.43M404.72k
Total Operating Expenses75.68M62.87M14.87M603.05k
Operating Income6M5.99M606.34k-603.05k
Total Other Income Expense Net-3.31M-979.39k9.9M-10.34k
Ebit6M5.99M606.34k-603.05k
Interest Expense-2.41M-945.9k-247.76k-247.76k
Income Before Tax2.69M5.01M10.51M-613.39k
Income Tax Expense-320.7k59.15k--
Minority Interest----
Net Income From Continuing Ops3.01M4.95M10.51M-613.39k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.01M4.95M10.51M-613.39k
Net Income Applicable To Common Shares3.01M4.95M10.51M-613.39k

Balance Sheet Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash7.24M3.29M4.92M480.72k
Net Receivables18.19M13.52M10.58M11.56k
Inventory5.58M3.41M2.11M-
Other Current Assets72.85k71.3k559.48k-
Total Current Assets32.26M21.01M18.26M503.9k
Property Plant Equipment108.43M46.99M31.71M65k
Good Will7.43M7.3M--
Other Assets99.41k-311.58k-
Total Assets148.22M75.3M50.29M568.91k
Accounts Payable10.35M6.93M3.43M-
Short Long Term Debt5.98M2.1M--
Other Current Liab4.47M2.85M62.51k-
Long Term Debt15.84M4.84M--
Other Liab9.12M4.72M784.07k-
Total Current Liabilities34.23M18.12M10.46M102.45k
Total Liab89.92M27.68M11.24M102.45k
Common Stock45.67M34.81M29.38M1.87M
Retained Earnings11.71M10.75M8.99M-1.52M
Treasury Stock914.26k2.06M679.3k122.83k
Other Stockholder Equity914.26k2.06M679.3k122.83k
Total Stockholder Equity58.3M47.62M39.05M466.46k
Net Tangible Assets50.87M40.32M39.05M466.46k

Cash Flow Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income3.01M4.95M10.51M-613.39k
Depreciation9.64M3.26M445.75k445.75k
Change To Netincome1.86M818.23k-10.43M13.25k
Change To Account Receivables853.79k-2.02M229.55k8.38k
Change To Liabilities-1.05M2.76M2.05M-138.77k
Change To Inventory-610.38k-954.93k164.41k164.41k
Change To Operating Activities-383.68k-261.12k1.03M1.03M
Total Cash From Operating Activities13.33M8.56M4.01M-730.54k
Capital Expenditures-13.1M-9.78M-1.09M-1.09M
Total Cashflows From Investing Activities-22.23M-14.36M-757.8k-757.8k
Dividends Paid-1.41M-2.11M-2.11M-2.11M
Net Borrowings11.58M6.94M-24.81M-24.81M
Other Cashflows From Financing Activities-2.57M-803.17k-2.15M-2.15M
Total Cash From Financing Activities12.85M4.18M1.19M1.19M
Change In Cash3.95M-1.63M4.44M-699.47k
Issuance Of Stock5.25M150k28.15M28.15M