Adairs Limited (ASX:ADH) Annual Report 2020



The latest annual report of Adairs Limited (ADH) was published on 28 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 - ADH Annual Results

Amounts in AUD

Total Revenue
388.93M
Gross Profit
222.12M
EBIT
62.63M
Net Tangible Assets
-55.57M
Net Income
35.28M
Capital Expenditures
-7.53M

ADH Income Statement 2020 Annual Report

As per the latest Income Statement of ADH, the Net revenue increased by $44.50M (13%) compared to the previous period. The operating income in 2020 increased by $19.45M (45%). The net income as per the annual report was 35.28M which increased by $5.64M (19%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue388.93M344.43M
Gross Profit222.12M197.12M
Operating Income62.63M43.18M
Income Before Tax52.79M42.29M
Net Income35.28M29.64M

Balance Sheet - ADH 2020 Annual Report

Read further: ADH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Adairs Limited showed the company increased the cash on balance sheet by $7.21M (43%). The Net tangible assets of ADH on the balance sheet were at -55.57M which is $-60.36M (-1260%) less than previous annual report. The total stockholder equity also increased by $22.25M (19%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash23.92M16.71M
Total Assets389.13M 203.1M
Long Term Debt24.93M24.95M
Total Liabilities248.56M 84.78M
Total Shareholder Equity140.57M118.32M
Net Tangible Assets-55.57M4.79M

Cash Flow Statement - ADH 2020 Annual Report

The 2020 annual cash flow statement of Adairs Limited showed that the net income increased by $5.64M (19%) compared to previous reporting period. Also the capital expenditure of ADH decreased by $-572000 (-8%).

As of 2020, the total cash from investing activities was -50.04M and total cash from financing activities was -40.02M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income35.28M29.64M
Capital Expenditures-7.53M-6.96M
Dividends Paid-13.27M-24.05M
Total Cash From From Investing Activities-50.04M-6.96M
Total Cash From From Financing Activities-40.02M-24.1M

Adairs Limited Annual Report History

Income Statement

Income Statement history of Adairs Limited (ASX:ADH)

28 Jun 202030 Jun 201901 Jul 201802 Jul 2017
Total Revenue388.93M344.43M314.77M264.96M
Cost Of Revenue166.81M147.31M125.12M108.16M
Gross Profit222.12M197.12M189.65M156.8M
Research Development----
Selling General Administrative99.69M129.7M120.02M106.35M
Non Recurring----
Other Operating Expenses20.48M16.56M17.54M13.95M
Total Operating Expenses326.3M301.25M269.51M234.34M
Operating Income62.63M43.18M45.26M30.62M
Total Other Income Expense Net-9.84M-890k-1.45M-1.7M
Ebit62.63M43.18M45.26M30.62M
Interest Expense-6M-1.24M-1.49M-1.95M
Income Before Tax52.79M42.29M43.82M28.92M
Income Tax Expense17.51M12.64M13.26M7.9M
Minority Interest----
Net Income From Continuing Ops35.28M29.64M30.56M21.02M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income35.28M29.64M30.56M21.02M
Net Income Applicable To Common Shares35.28M29.64M30.56M21.02M

Balance Sheet Statement

Balance Sheet Statement history of Adairs Limited (ASX:ADH)

28 Jun 202030 Jun 201901 Jul 201802 Jul 2017
Cash23.92M16.71M12.72M14.31M
Short Term Investments1.26M1.56M1.11M-
Net Receivables2.95M1.89M780k697k
Inventory43.4M42.78M33.57M32.99M
Other Current Assets694k1.1M1.78M471k
Total Current Assets77.62M68.71M54.45M51.79M
Property Plant Equipment115.22M20.87M20.89M20.19M
Good Will118.34M69.93M69.93M69.93M
Intangible Assets77.81M43.6M44.31M44.74M
Other Assets149k-5.42M6.03M
Total Assets389.13M203.1M194.99M192.68M
Accounts Payable17.96M19.47M14.2M17.54M
Other Current Liab24.18M14.55M9.39M6.51M
Long Term Debt24.93M24.95M25M41.95M
Other Liab51M13.22M19.67M18.39M
Total Current Liabilities94.28M46.62M34.14M32.02M
Total Liab248.56M84.78M78.81M92.37M
Common Stock74.1M68.35M68.35M68.35M
Retained Earnings65.85M48.96M46.36M32.38M
Treasury Stock623k1.01M1.47M-420k
Other Stockholder Equity623k1.01M1.47M-420k
Total Stockholder Equity140.57M118.32M116.18M100.31M
Net Tangible Assets-55.57M4.79M1.95M-14.36M

Cash Flow Statement

Cash Flow Statement history of Adairs Limited (ASX:ADH)

28 Jun 202030 Jun 201901 Jul 201802 Jul 2017
Net Income35.28M29.64M30.56M21.02M
Depreciation38.61M6.39M5.72M5.16M
Change To Netincome344k156k203k257k
Change To Account Receivables-818k-1.11M-1.9M2.11M
Change To Liabilities-994k5.39M1.05M11.8M
Change To Inventory7.08M-8.96M-576k-6.72M
Change To Operating Activities10.25M1.89M1.42M1.24M
Total Cash From Operating Activities97.31M35.02M39.09M27.64M
Capital Expenditures-7.53M-6.96M-7.09M-11.33M
Total Cashflows From Investing Activities-50.04M-6.96M-7.09M-11.33M
Dividends Paid-13.27M-24.05M-16.59M-16.59M
Net Borrowings-25.89M-25.89M-17M-17M
Other Cashflows From Financing Activities-865k-50k-50k-89k
Total Cash From Financing Activities-40.02M-24.1M-33.59M-16.68M
Effect Of Exchange Rate-33k34k-4k-4k
Change In Cash7.21M3.99M-1.59M-363k