Acumentis Group Limited (ASX:ACU) Annual Report 2020



The latest annual report of Acumentis Group Limited (ACU) 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 - ACU Annual Results

Amounts in AUD

Total Revenue
36.67M
Gross Profit
5.77M
EBIT
-4.58M
Net Tangible Assets
1M
Net Income
-2.56M
Capital Expenditures
-324k

ACU Income Statement 2020 Annual Report

As per the latest Income Statement of ACU, the Net revenue decreased by $-5.28M (-13%) compared to the previous period. The operating income in 2020 decreased by $-1.15M (-34%). The net income as per the annual report was -2.56M which increased by $12.59M (83%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue36.67M41.96M
Gross Profit5.77M6.01M
Operating Income-4.58M-3.43M
Income Before Tax-3.03M-15.62M
Net Income-2.56M-15.15M

Balance Sheet - ACU 2020 Annual Report

Read further: ACU Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Acumentis Group Limited showed the company increased the cash on balance sheet by $14000 (1%). The Net tangible assets of ACU on the balance sheet were at 1M which is $1.89M (213%) more than previous annual report. The total stockholder equity also increased by $2.28M (9%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.83M1.82M
Total Assets41.09M 36.86M
Long Term Debt2.6M3.25M
Total Liabilities14.53M 12.57M
Total Shareholder Equity26.57M24.29M
Net Tangible Assets1M-886k

Cash Flow Statement - ACU 2020 Annual Report

The 2020 annual cash flow statement of Acumentis Group Limited showed that the net income increased by $12.59M (83%) compared to previous reporting period. Also the capital expenditure of ACU decreased by $-64000 (-25%).

As of 2020, the total cash from investing activities was -1.82M and total cash from financing activities was 2.43M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-2.56M-15.15M
Capital Expenditures-324k-260k
Dividends Paid--1.52M
Total Cash From From Investing Activities-1.82M-4.68M
Total Cash From From Financing Activities2.43M3.66M

Acumentis Group Limited Annual Report History

Income Statement

Income Statement history of Acumentis Group Limited (ASX:ACU)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue36.67M41.96M43.1M25M
Cost Of Revenue30.91M35.95M30.2M17.32M
Gross Profit5.77M6.01M12.89M7.68M
Research Development----
Selling General Administrative6.46M6.48M5.41M4.38M
Non Recurring----
Other Operating Expenses1.82M2.15M1.1M681k
Total Operating Expenses41.26M45.39M37.5M22.69M
Operating Income-4.58M-3.43M5.59M2.3M
Total Other Income Expense Net1.55M-12.19M212k84k
Ebit-4.58M-3.43M5.59M2.3M
Interest Expense-494k-204k-14k-3k
Income Before Tax-3.03M-15.62M5.81M2.39M
Income Tax Expense-474k-469k1.67M762k
Minority Interest----
Net Income From Continuing Ops-2.56M-15.15M4.14M1.63M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-2.56M-15.15M4.14M1.63M
Net Income Applicable To Common Shares-2.56M-15.15M4.14M1.63M

Balance Sheet Statement

Balance Sheet Statement history of Acumentis Group Limited (ASX:ACU)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.83M1.82M2.77M5.75M
Short Term Investments25k72k108k2.59M
Net Receivables4.67M4.31M5.31M5.29M
Total Current Assets7.42M7.22M8.84M14.33M
Long Term Investments1.91M1.42M2.02M1.04M
Property Plant Equipment3.38M880k693k626k
Good Will13.88M13.88M17.2M32.41M
Intangible Assets11.68M11.29M11.02M4.59M
Other Assets2.82M2.17M984k1.28M
Deferred Long Term Asset Charges2.82M2.17M984k1.28M
Total Assets41.09M36.86M40.76M54.27M
Accounts Payable994k1.41M981k1.52M
Short Long Term Debt1.3M1.75M--
Other Current Liab1.2M1.21M1.07M4.92M
Long Term Debt2.6M3.25M--
Other Liab653k716k406k9.06M
Total Current Liabilities8.91M8.61M4.67M10.04M
Total Liab14.53M12.57M5.14M19.21M
Common Stock44.48M39.29M33.89M33.77M
Retained Earnings-17.91M-15.01M1.73M1.28M
Total Stockholder Equity26.57M24.29M35.62M35.05M
Net Tangible Assets1M-886k7.41M-1.94M

Cash Flow Statement

Cash Flow Statement history of Acumentis Group Limited (ASX:ACU)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-2.56M-15.15M4.14M1.63M
Depreciation1.61M427k273k160k
Change To Netincome648k13.19M13k206k
Change To Account Receivables-862k3.89M-58k2.02M
Change To Liabilities-782k-1.34M-725k683k
Change To Operating Activities486k-772k-1.12M-105k
Total Cash From Operating Activities-595k56k1.74M4.72M
Capital Expenditures-324k-260k-346k-140k
Investments-628k-628k1.84M-2.5M
Total Cashflows From Investing Activities-1.82M-4.68M-994k-17.39M
Net Borrowings-2.58M5.19M-149k-7k
Other Cashflows From Financing Activities-634k-634k-634k-1.44M
Total Cash From Financing Activities2.43M3.66M-3.72M17.32M
Change In Cash14k-956k-2.97M4.64M
Issuance Of Stock5.64M5.64M5.64M20.11M
Dividends Paid--1.52M-3.57M-1.34M