Adherium Limited (ASX:ADR) Annual Report 2020



The latest annual report of Adherium Limited (ADR) 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 - ADR Annual Results

Amounts in AUD

Total Revenue
2.22M
Gross Profit
1.4M
EBIT
-8.78M
Net Tangible Assets
3.38M
Net Income
-11.4M
Capital Expenditures
-138k

ADR Income Statement 2020 Annual Report

As per the latest Income Statement of ADR, the Net revenue decreased by $-561000 (-20%) compared to the previous period. The operating income in 2020 increased by $2.81M (24%). The net income as per the annual report was -11.4M which increased by $397000 (3%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue2.22M2.78M
Gross Profit1.4M1.65M
Operating Income-8.78M-11.59M
Income Before Tax-11.4M-11.79M
Net Income-11.4M-11.79M

Balance Sheet - ADR 2020 Annual Report

Read further: ADR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Adherium Limited showed the company increased the cash on balance sheet by $3.82M (501%). The Net tangible assets of ADR on the balance sheet were at 3.38M which is $2.64M (358%) more than previous annual report. The total stockholder equity also increased by $2.55M (308%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash4.58M763k
Total Assets6.72M 2.24M
Long Term Debt--
Total Liabilities3.33M 1.41M
Total Shareholder Equity3.38M830k
Net Tangible Assets3.38M738k

Cash Flow Statement - ADR 2020 Annual Report

The 2020 annual cash flow statement of Adherium Limited showed that the net income increased by $397000 (3%) compared to previous reporting period. Also the capital expenditure of ADR increased by $187000 (58%).

As of 2020, the total cash from investing activities was -138k and total cash from financing activities was 11.34M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-11.4M-11.79M
Capital Expenditures-138k-325k
Dividends Paid--
Total Cash From From Investing Activities-138k111k
Total Cash From From Financing Activities11.34M11.34M

Adherium Limited Annual Report History

Income Statement

Income Statement history of Adherium Limited (ASX:ADR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue2.22M2.78M5.87M2.35M
Cost Of Revenue814k1.13M1.1M1.19M
Gross Profit1.4M1.65M4.77M1.16M
Research Development3.95M5.12M4.45M4.24M
Selling General Administrative6.23M8.4M10.46M10.75M
Non Recurring----
Other Operating Expenses--279k-503k-409k
Total Operating Expenses11M14.37M15.51M15.77M
Operating Income-8.78M-11.59M-9.64M-13.42M
Total Other Income Expense Net-2.62M-203k301k613k
Ebit-8.78M-11.59M-9.64M-13.42M
Interest Expense-2.08M-4k-4k-4k
Income Before Tax-11.4M-11.79M-9.34M-12.81M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-11.4M-11.79M-9.34M-12.81M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-11.4M-11.79M-9.34M-12.81M
Net Income Applicable To Common Shares-11.4M-11.79M-9.34M-12.81M

Balance Sheet Statement

Balance Sheet Statement history of Adherium Limited (ASX:ADR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash4.58M763k12.12M22.78M
Net Receivables604k393k1.16M787k
Inventory1.12M417k509k726k
Other Current Assets20k43k41k39k
Total Current Assets6.48M1.77M14.54M24.41M
Property Plant Equipment235k380k515k417k
Intangible Assets5k92k266k265k
Total Assets6.72M2.24M15.32M25.09M
Accounts Payable1M914k877k1.02M
Other Current Liab688k39k-4k
Total Current Liabilities3.33M1.41M2.51M2.39M
Total Liab3.33M1.41M2.51M2.39M
Common Stock87.68M74.35M74.35M74.28M
Retained Earnings-58.35M-46.95M-35.16M-25.82M
Treasury Stock-25.95M-26.57M-26.38M-25.75M
Other Stockholder Equity-25.95M-26.57M-26.38M-25.75M
Total Stockholder Equity3.38M830k12.81M22.7M
Net Tangible Assets3.38M738k12.54M22.44M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Adherium Limited (ASX:ADR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-11.4M-11.79M-9.34M-12.81M
Depreciation249k263k212k234k
Change To Netincome702k-328k-646k404k
Change To Account Receivables-178k952k-582k80k
Change To Liabilities1.86M-1.16M247k778k
Change To Inventory-720k114k185k-303k
Total Cash From Operating Activities-7.32M-11.81M-9.82M-11.58M
Capital Expenditures-138k-325k-325k-362k
Total Cashflows From Investing Activities-138k111k-902k-564k
Net Borrowings2.93M2.93M2.93M2.93M
Other Cashflows From Financing Activities-105k-105k-105k-511k
Total Cash From Financing Activities11.34M11.34M71k7.56M
Effect Of Exchange Rate-65k341k-6k155k
Change In Cash3.82M-11.36M-10.66M-4.43M
Issuance Of Stock8.52M8.52M71k8.07M
Dividends Paid----