AF Legal Group Limited (ASX:AFL) Annual Report 2020



The latest annual report of AF Legal Group Limited (AFL) 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 - AFL Annual Results

Amounts in AUD

Total Revenue
7.04M
Gross Profit
6.51M
EBIT
389.11k
Net Tangible Assets
1.19M
Net Income
422.38k
Capital Expenditures
-78.44k

AFL Income Statement 2020 Annual Report

As per the latest Income Statement of AFL, the Net revenue increased by $6.61M (1539%) compared to the previous period. The operating income in 2020 increased by $1.60M (132%). The net income as per the annual report was 422.38k which increased by $1.63M (135%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue7.04M429.51k
Gross Profit6.51M384.36k
Operating Income389.11k-1.21M
Income Before Tax324.61k-1.21M
Net Income422.38k-1.2M

Balance Sheet - AFL 2020 Annual Report

Read further: AFL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AF Legal Group Limited showed the company increased the cash on balance sheet by $504339 (48%). The Net tangible assets of AFL on the balance sheet were at 1.19M which is $703728 (145%) more than previous annual report. The total stockholder equity also increased by $791112 (11%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.55M1.05M
Total Assets11.59M 9.92M
Long Term Debt--
Total Liabilities3.67M 2.79M
Total Shareholder Equity7.92M7.13M
Net Tangible Assets1.19M485.96k

Cash Flow Statement - AFL 2020 Annual Report

The 2020 annual cash flow statement of AF Legal Group Limited showed that the net income increased by $1.63M (135%) compared to previous reporting period. Also the capital expenditure of AFL increased by $0 (0%).

As of 2020, the total cash from investing activities was -518.17k and total cash from financing activities was -624.69k.

Cash Flow Statement Report (2020/2019)

20202019
Net Income422.38k-1.2M
Capital Expenditures-78.44k-78.44k
Dividends Paid--
Total Cash From From Investing Activities-518.17k-3.19M
Total Cash From From Financing Activities-624.69k4.81M

AF Legal Group Limited Annual Report History

Income Statement

Income Statement history of AF Legal Group Limited (ASX:AFL)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue7.04M429.51k153.53k-
Cost Of Revenue529.4k45.16k--
Gross Profit6.51M384.36k153.53k-
Research Development----
Selling General Administrative4.25M788.73k140.71k234.97k
Non Recurring----
Other Operating Expenses878.29k752.89k88.44k88.44k
Total Operating Expenses6.65M1.64M229.15k246.71k
Operating Income389.11k-1.21M-75.62k-246.71k
Total Other Income Expense Net-64.5k-29.03k-5.85k
Ebit389.11k-1.21M-75.62k-246.71k
Interest Expense-64.5k-1.91k-1.91k-1.91k
Income Before Tax324.61k-1.21M-75.62k-240.85k
Income Tax Expense-97.77k-4.25k--
Minority Interest----
Net Income From Continuing Ops422.38k-1.2M-75.62k-240.85k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income422.38k-1.2M-75.62k-240.85k
Net Income Applicable To Common Shares422.38k-1.2M-75.62k-240.85k

Balance Sheet Statement

Balance Sheet Statement history of AF Legal Group Limited (ASX:AFL)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.55M1.05M699.45k751.28k
Net Receivables1.8M2M6.11k7.1k
Other Current Assets141.46k56.03k10.78k-
Total Current Assets3.5M3.11M716.34k767.26k
Property Plant Equipment795.24k38.43k27.12k27.12k
Good Will5.47M5.45M--
Intangible Assets1.27M1.19M--
Other Assets563.48k125.6k--
Deferred Long Term Asset Charges563.48k125.6k--
Total Assets11.59M9.92M743.46k794.37k
Accounts Payable1.47M605.84k47.08k22.38k
Other Current Liab752.52k1.02M--
Other Liab476.95k325.05k--
Total Current Liabilities2.79M2.46M47.08k22.38k
Total Liab3.67M2.79M47.08k22.38k
Common Stock122.91M122.91M115.27M115.27M
Retained Earnings-115.35M-115.78M-114.57M-114.5M
Treasury Stock368.73k---
Other Stockholder Equity368.73k---
Total Stockholder Equity7.92M7.13M696.38k771.99k
Net Tangible Assets1.19M485.96k696.38k771.99k
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of AF Legal Group Limited (ASX:AFL)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income422.38k-1.2M-75.62k-240.85k
Depreciation602.92k21.75k21.75k21.75k
Change To Netincome114.02k152.03k152.03k152.03k
Change To Account Receivables200.49k-160.75k-91123.68k
Change To Liabilities419.43k-221.15k24.7k3.69k
Change To Operating Activities95.99k-12.32k-12.32k-12.32k
Total Cash From Operating Activities1.65M-1.27M-51.83k-213.49k
Capital Expenditures-78.44k-78.44k-78.44k-27.12k
Total Cashflows From Investing Activities-518.17k-3.19M-3.19M-27.12k
Net Borrowings-624.69k-652.35k-652.35k-652.35k
Total Cash From Financing Activities-624.69k4.81M4.81M7.71k
Change In Cash504.34k350.95k-51.83k-232.89k
Dividends Paid----