ASF Group Limited (ASX:AFA) Annual Report 2020



The latest annual report of ASF Group Limited (AFA) 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 - AFA Annual Results

Amounts in AUD

Total Revenue
3.87M
Gross Profit
3.58M
EBIT
-3.15M
Net Tangible Assets
1.13M
Net Income
-5.95M
Capital Expenditures
-21k

AFA Income Statement 2020 Annual Report

As per the latest Income Statement of AFA, the Net revenue decreased by $-2.40M (-38%) compared to the previous period. The operating income in 2020 increased by $789000 (20%). The net income as per the annual report was -5.95M which decreased by $-2.98M (-101%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue3.87M6.27M
Gross Profit3.58M5.76M
Operating Income-3.15M-3.94M
Income Before Tax-5.53M-3.88M
Net Income-5.95M-2.96M

Balance Sheet - AFA 2020 Annual Report

Read further: AFA Balance Sheet Detailed Analysis

The latest balance sheet from annual result of ASF Group Limited showed the company reduced the cash on balance sheet by $-1.10M (-22%). The Net tangible assets of AFA on the balance sheet were at 1.13M which is $-6.08M (-84%) less than previous annual report. The total stockholder equity also decreased by $-5.84M (-57%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash3.83M4.93M
Total Assets22.96M 27.79M
Long Term Debt18.16M16.64M
Total Liabilities19.8M 19.73M
Total Shareholder Equity4.4M10.24M
Net Tangible Assets1.13M7.21M

Cash Flow Statement - AFA 2020 Annual Report

The 2020 annual cash flow statement of ASF Group Limited showed that the net income decreased by $-2.98M (-101%) compared to previous reporting period. Also the capital expenditure of AFA increased by $143000 (87%).

As of 2020, the total cash from investing activities was 2.27M and total cash from financing activities was -1.81M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-5.95M-2.96M
Capital Expenditures-21k-164k
Dividends Paid--
Total Cash From From Investing Activities2.27M-2.21M
Total Cash From From Financing Activities-1.81M13.21M

ASF Group Limited Annual Report History

Income Statement

Income Statement history of ASF Group Limited (ASX:AFA)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue3.87M6.27M14.37M5.12M
Cost Of Revenue289k502k514k387k
Gross Profit3.58M5.76M13.85M4.74M
Research Development----
Selling General Administrative6.56M9.05M8.19M9.12M
Non Recurring----
Other Operating Expenses-782k-22k-22k-22k
Total Operating Expenses7.01M10.21M10.48M23.18M
Operating Income-3.15M-3.94M3.88M-18.06M
Total Other Income Expense Net-2.38M62k-4.81M-1.86M
Ebit-3.15M-3.94M3.88M-18.06M
Interest Expense-1.88M-1.86M-2M-1.86M
Income Before Tax-5.53M-3.88M-923k-19.92M
Income Tax Expense----
Minority Interest-1.25M-2.18M-1.76M-1.47M
Net Income From Continuing Ops-5.53M-3.88M-923k-19.92M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-5.95M-2.96M-631k-19.53M
Net Income Applicable To Common Shares-5.95M-2.96M-631k-19.53M

Balance Sheet Statement

Balance Sheet Statement history of ASF Group Limited (ASX:AFA)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash3.83M4.93M4.58M17.67M
Net Receivables221k3.77M176k1.25M
Total Current Assets4.08M9.05M4.86M18.95M
Long Term Investments12.08M15.25M14.47M10.7M
Property Plant Equipment1.23M234k260k362k
Intangible Assets3.27M3.03M3.16M4.28M
Other Assets2.29M231k424k394k
Total Assets22.96M27.79M23.18M34.69M
Accounts Payable60k229k120k582k
Other Current Liab278k438k502k448k
Long Term Debt18.16M16.64M11.9M28.68M
Minority Interest-1.25M-2.18M-1.76M-1.47M
Total Current Liabilities871k3.08M7.74M1.32M
Total Liab19.8M19.73M19.64M30M
Common Stock122.69M122.69M113.46M113.66M
Retained Earnings-116.03M-110.08M-107.39M-106.75M
Treasury Stock-2.26M-2.37M-777k-747k
Other Stockholder Equity-2.26M-2.37M-777k-747k
Total Stockholder Equity4.4M10.24M5.3M6.16M
Net Tangible Assets1.13M7.21M2.14M1.88M

Cash Flow Statement

Cash Flow Statement history of ASF Group Limited (ASX:AFA)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-5.95M-2.96M-631k-19.53M
Depreciation946k678k1.78M13.65M
Change To Netincome3.21M-7.29M-10.37M-3.35M
Change To Account Receivables647k-234k-164k-554k
Change To Liabilities-410k-842k-412k-437k
Total Cash From Operating Activities-1.56M-10.66M-9.85M-10.22M
Capital Expenditures-21k-164k-18k-31k
Investments2.33M2.33M2.33M4.41M
Total Cashflows From Investing Activities2.27M-2.21M9.53M2.26M
Net Borrowings-3.14M4.21M-9.89M11M
Other Cashflows From Financing Activities1.33M-225k-2.65M-2.65M
Total Cash From Financing Activities-1.81M13.21M-12.73M22.95M
Change In Cash-1.1M344k-13.08M15.17M
Repurchase Of Stock-2k-82k-193k-98k
Dividends Paid----