Adherium Limited (ASX:ADR) Annual Report 2022



The latest annual report of Adherium Limited (ADR) was published on 30 Jun 2022. 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
529k
Gross Profit
322k
EBIT
-11.25M
Net Tangible Assets
4.36M
Net Income
-11.22M
Capital Expenditures
-279k

ADR Income Statement 2022 Annual Report

As per the latest Income Statement of ADR, the Net revenue increased by $128000 (32%) compared to the previous period. The operating income in 2022 increased by $1.64M (13%). The net income as per the annual report was -11.22M which increased by $3.81M (25%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue529k401k
Gross Profit322k-25k
Operating Income-11.25M-12.88M
Income Before Tax-11.22M-15.04M
Net Income-11.22M-15.04M

Balance Sheet - ADR 2022 Annual Report

Read further: ADR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Adherium Limited showed the company reduced the cash on balance sheet by $-9.89M (-65%). The Net tangible assets of ADR on the balance sheet were at 4.36M which is $-9.67M (-69%) less than previous annual report. The total stockholder equity also decreased by $-9.67M (-69%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash5.28M15.18M
Total Assets7.36M 17.04M
Long Term Debt--
Total Liabilities3M 3M
Total Shareholder Equity4.36M14.04M
Net Tangible Assets4.36M14.03M

Cash Flow Statement - ADR 2022 Annual Report

The 2022 annual cash flow statement of Adherium Limited showed that the net income increased by $3.81M (25%) compared to previous reporting period. Also the capital expenditure of ADR decreased by $-250000 (-862%).

As of 2022, the total cash from investing activities was -279k and total cash from financing activities was -.

Cash Flow Statement Report (2022/2021)

20222021
Net Income-11.22M-15.04M
Capital Expenditures-279k-29k
Dividends Paid--
Total Cash From From Investing Activities-279k-29k
Total Cash From From Financing Activities-21.9M

Adherium Limited Annual Report History

Income Statement

Income Statement history of Adherium Limited (ASX:ADR)

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Total Revenue529k401k2.22M2.78M
Cost Of Revenue207k426k814k1.13M
Gross Profit322k-25k1.4M1.65M
Research Development5.88M5.48M3.95M5.12M
Selling General Administrative7.32M7.75M6.26M8.4M
Non Recurring----
Other Operating Expenses-1.63M-370k-370k-279k
Total Operating Expenses11.78M13.29M11.03M14.37M
Operating Income-11.25M-12.88M-8.81M-11.59M
Total Other Income Expense Net23k-2.15M-2.59M-203k
Ebit-11.25M-12.88M-8.81M-11.59M
Interest Expense-1k-1.69M-2.08M-4k
Income Before Tax-11.22M-15.04M-11.4M-11.79M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-11.22M-15.04M-11.4M-11.79M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-11.22M-15.04M-11.4M-11.79M
Net Income Applicable To Common Shares-11.22M-15.04M-11.4M-11.79M

Balance Sheet Statement

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

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Cash5.28M15.18M4.58M763k
Net Receivables364k547k604k393k
Inventory1.07M962k1.12M417k
Other Current Assets56k20k20k43k
Total Current Assets7.05M16.91M6.48M1.77M
Property Plant Equipment313k127k235k380k
Intangible Assets1k3k5k92k
Total Assets7.36M17.04M6.72M2.24M
Accounts Payable1.7M701k1M914k
Other Current Liab1.21M685k688k39k
Total Current Liabilities2.95M3M3.33M1.41M
Total Liab3M3M3.33M1.41M
Common Stock110.52M110.17M87.68M74.35M
Retained Earnings-84.61M-73.39M-58.35M-46.95M
Treasury Stock-21.55M-22.75M-25.95M-26.57M
Other Stockholder Equity-21.55M-22.75M-25.95M-26.57M
Total Stockholder Equity4.36M14.04M3.38M830k
Net Tangible Assets4.36M14.03M3.38M738k
Long Term Debt----

Cash Flow Statement

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

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Net Income-11.22M-15.04M-11.4M-11.79M
Depreciation181k142k249k263k
Change To Netincome1.53M3.22M702k-328k
Change To Account Receivables-5k-1k-178k952k
Change To Liabilities52k-268k1.86M-1.16M
Change To Inventory-144k150k-720k114k
Total Cash From Operating Activities-9.61M-11.27M-7.32M-11.81M
Capital Expenditures-279k-29k-138k-325k
Total Cashflows From Investing Activities-279k-29k-138k111k
Effect Of Exchange Rate-6k-8k-65k341k
Change In Cash-9.89M10.59M3.82M-11.36M
Dividends Paid----
Total Cash From Financing Activities-21.9M11.34M11.34M