AF Legal Group Limited (ASX:AFL) Annual Report 2021



The latest annual report of AF Legal Group Limited (AFL) was published on 30 Jun 2021. 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
11.12M
Gross Profit
10.41M
EBIT
-375.66k
Net Tangible Assets
3.73M
Net Income
-482.44k
Capital Expenditures
-124.9k

AFL Income Statement 2021 Annual Report

As per the latest Income Statement of AFL, the Net revenue increased by $4.08M (58%) compared to the previous period. The operating income in 2021 decreased by $-764774 (-197%). The net income as per the annual report was -482.44k which decreased by $-904818 (-214%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue11.12M7.04M
Gross Profit10.41M6.51M
Operating Income-375.66k389.11k
Income Before Tax-495.25k324.61k
Net Income-482.44k422.38k

Balance Sheet - AFL 2021 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 $3.10M (200%). The Net tangible assets of AFL on the balance sheet were at 3.73M which is $2.54M (214%) more than previous annual report. The total stockholder equity also increased by $5.37M (68%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash4.66M1.55M
Total Assets19.84M 11.59M
Long Term Debt--
Total Liabilities6.55M 3.67M
Total Shareholder Equity13.29M7.92M
Net Tangible Assets3.73M1.19M

Cash Flow Statement - AFL 2021 Annual Report

The 2021 annual cash flow statement of AF Legal Group Limited showed that the net income decreased by $-904818 (-214%) compared to previous reporting period. Also the capital expenditure of AFL decreased by $-46456 (-59%).

As of 2021, the total cash from investing activities was -2.54M and total cash from financing activities was 4.49M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-482.44k422.38k
Capital Expenditures-124.9k-78.44k
Dividends Paid--
Total Cash From From Investing Activities-2.54M-518.17k
Total Cash From From Financing Activities4.49M-624.69k

AF Legal Group Limited Annual Report History

Income Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue11.12M7.04M429.51k153.53k
Cost Of Revenue711.14k529.4k45.16k-
Gross Profit10.41M6.51M384.36k153.53k
Research Development----
Selling General Administrative7.31M4.25M788.73k140.71k
Non Recurring----
Other Operating Expenses1.59M878.29k752.89k88.44k
Total Operating Expenses11.5M6.65M1.64M229.15k
Operating Income-375.66k389.11k-1.21M-75.62k
Total Other Income Expense Net-119.59k-64.5k-1.91k-
Ebit-375.66k389.11k-1.21M-75.62k
Interest Expense-119.59k-64.5k-1.91k-1.91k
Income Before Tax-495.25k324.61k-1.21M-75.62k
Income Tax Expense-12.81k-97.77k-4.25k-
Minority Interest----
Net Income From Continuing Ops-482.44k422.38k-1.2M-75.62k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-482.44k422.38k-1.2M-75.62k
Net Income Applicable To Common Shares-482.44k422.38k-1.2M-75.62k

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash4.66M1.55M1.05M699.45k
Net Receivables2.81M1.8M2M6.11k
Other Current Assets697.8k141.46k56.03k10.78k
Total Current Assets8.17M3.5M3.11M716.34k
Property Plant Equipment1.34M795.24k38.43k27.12k
Good Will8.31M5.47M5.45M-
Intangible Assets1.26M1.27M1.19M-
Other Assets773.7k563.48k125.6k-
Deferred Long Term Asset Charges773.7k563.48k125.6k-
Total Assets19.84M11.59M9.92M743.46k
Accounts Payable2.78M1.47M605.84k47.08k
Other Current Liab780.39k752.52k1.02M-
Other Liab1.6M476.95k325.05k-
Total Current Liabilities4.77M2.79M2.46M47.08k
Total Liab6.55M3.67M2.79M47.08k
Common Stock128.31M122.91M122.91M115.27M
Retained Earnings-115.84M-115.35M-115.78M-114.57M
Treasury Stock822.87k368.73k--
Other Stockholder Equity822.87k368.73k--
Total Stockholder Equity13.29M7.92M7.13M696.38k
Net Tangible Assets3.73M1.19M485.96k696.38k
Long Term Debt----

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income-482.44k422.38k-1.2M-75.62k
Depreciation1.15M602.92k21.75k21.75k
Change To Netincome486.78k114.02k152.03k152.03k
Change To Liabilities-419.43k-221.15k24.7k
Total Cash From Operating Activities1.15M1.65M-1.27M-51.83k
Capital Expenditures-124.9k-78.44k-78.44k-78.44k
Other Cashflows From Investing Activities1111
Total Cashflows From Investing Activities-2.54M-518.17k-3.19M-3.19M
Net Borrowings-723.09k-624.69k-652.35k-652.35k
Other Cashflows From Financing Activities-303.18k-303.18k-449.73k-449.73k
Total Cash From Financing Activities4.49M-624.69k4.81M4.81M
Change In Cash3.1M504.34k350.95k-51.83k
Issuance Of Stock5.52M5.52M5.91M5.91M
Dividends Paid----