Adacel Technologies Limited (ASX:ADA) Annual Report 2020



The latest annual report of Adacel Technologies Limited (ADA) 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 - ADA Annual Results

Amounts in AUD

Total Revenue
39.71M
Gross Profit
6.69M
EBIT
2.25M
Net Tangible Assets
14.2M
Net Income
3.63M
Capital Expenditures
-354k

ADA Income Statement 2020 Annual Report

As per the latest Income Statement of ADA, the Net revenue decreased by $-1.64M (-4%) compared to the previous period. The operating income in 2020 increased by $3.90M (236%). The net income as per the annual report was 3.63M which increased by $6.33M (235%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue39.71M41.36M
Gross Profit6.69M3.38M
Operating Income2.25M-1.66M
Income Before Tax2.2M-1.95M
Net Income3.63M-2.7M

Balance Sheet - ADA 2020 Annual Report

Read further: ADA Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Adacel Technologies Limited showed the company increased the cash on balance sheet by $2.67M (106%). The Net tangible assets of ADA on the balance sheet were at 14.2M which is $2.57M (22%) more than previous annual report. The total stockholder equity also increased by $2.75M (22%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash5.18M2.51M
Total Assets37.82M 26.27M
Long Term Debt--
Total Liabilities22.45M 13.65M
Total Shareholder Equity15.37M12.62M
Net Tangible Assets14.2M11.62M

Cash Flow Statement - ADA 2020 Annual Report

The 2020 annual cash flow statement of Adacel Technologies Limited showed that the net income increased by $6.33M (235%) compared to previous reporting period. Also the capital expenditure of ADA decreased by $-179000 (-102%).

As of 2020, the total cash from investing activities was -859k and total cash from financing activities was -2.43M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income3.63M-2.7M
Capital Expenditures-354k-175k
Dividends Paid-762k-2.71M
Total Cash From From Investing Activities-859k-452k
Total Cash From From Financing Activities-2.43M-9.46M

Adacel Technologies Limited Annual Report History

Income Statement

Income Statement history of Adacel Technologies Limited (ASX:ADA)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue39.71M41.36M50.78M42.43M
Cost Of Revenue33.02M37.98M34.72M28.13M
Gross Profit6.69M3.38M16.06M14.3M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses2.53M4.35M5.71M5.37M
Total Operating Expenses37.47M43.01M41.06M34.27M
Operating Income2.25M-1.66M9.72M8.16M
Total Other Income Expense Net-48k-299k-206k-311k
Ebit2.25M-1.66M9.72M8.16M
Interest Expense-396k-146k-214k-257k
Income Before Tax2.2M-1.95M9.51M7.85M
Income Tax Expense-1.44M743k1.79M-1.43M
Minority Interest----
Net Income From Continuing Ops3.63M-2.7M7.72M9.28M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.63M-2.7M7.72M9.28M
Net Income Applicable To Common Shares3.63M-2.7M7.72M9.28M

Balance Sheet Statement

Balance Sheet Statement history of Adacel Technologies Limited (ASX:ADA)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash5.18M2.51M12.53M16.36M
Net Receivables14.83M15.29M14.83M14.73M
Inventory1.32M781k2.85M541k
Other Current Assets55k167k161k150k
Total Current Assets21.82M19.5M31.2M32.28M
Property Plant Equipment7.63M834k1.04M1.18M
Intangible Assets1.18M996k917k833k
Other Assets7.19M4.94M3.91M3.52M
Deferred Long Term Asset Charges4.51M4.9M3.87M3.48M
Total Assets37.82M26.27M37.06M37.81M
Accounts Payable1.82M1.5M2.64M2.01M
Other Current Liab6.63M7.6M6.35M5.39M
Other Liab763k584k1.37M1.9M
Total Current Liabilities15.53M13.06M12.92M9.89M
Total Liab22.45M13.65M14.28M11.79M
Common Stock71.47M71.34M73.25M75.23M
Retained Earnings-55.62M-58.49M-49.16M-47.25M
Treasury Stock-476k-227k-1.31M-1.96M
Other Stockholder Equity-476k-227k-1.31M-1.96M
Total Stockholder Equity15.37M12.62M22.78M26.02M
Net Tangible Assets14.2M11.62M21.86M25.19M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Adacel Technologies Limited (ASX:ADA)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income3.63M-2.7M7.72M9.28M
Depreciation1.92M687k626k770k
Change To Netincome-211k170k101k15k
Change To Account Receivables875k-177k-2.26M-598k
Change To Liabilities1.11M-2.62M2.97M-2.24M
Change To Inventory-550k2.12M-2.12M-376k
Change To Operating Activities-661k2.02M1.6M-1.94M
Total Cash From Operating Activities6.11M-491k8.63M4.91M
Capital Expenditures-354k-175k-250k-179k
Total Cashflows From Investing Activities-859k-452k-527k-179k
Dividends Paid-762k-2.71M-3.36M-2.77M
Net Borrowings-1.04M-1.04M-1.04M-1.04M
Other Cashflows From Financing Activities-625k-909k-707k-740k
Total Cash From Financing Activities-2.43M-9.46M-12.19M-3.54M
Effect Of Exchange Rate-158k385k246k-613k
Change In Cash2.67M-10.01M-3.83M585k