Apiam Animal Health Limited (ASX:AHX) Annual Report 2021



The latest annual report of Apiam Animal Health Limited (AHX) 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 - AHX Annual Results

Amounts in AUD

Total Revenue
126.18M
Gross Profit
25.32M
EBIT
8.28M
Net Tangible Assets
-13.23M
Net Income
5.08M
Capital Expenditures
-4.74M

AHX Income Statement 2021 Annual Report

As per the latest Income Statement of AHX, the Net revenue increased by $7.85M (7%) compared to the previous period. The operating income in 2021 increased by $620000 (8%). The net income as per the annual report was 5.08M which increased by $987000 (24%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue126.18M118.33M
Gross Profit25.32M23.82M
Operating Income8.28M7.66M
Income Before Tax7.04M5.96M
Net Income5.08M4.09M

Balance Sheet - AHX 2021 Annual Report

Read further: AHX Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Apiam Animal Health Limited showed the company reduced the cash on balance sheet by $-359000 (-14%). The Net tangible assets of AHX on the balance sheet were at -13.23M which is $2.14M (14%) more than previous annual report. The total stockholder equity also increased by $12.45M (18%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.15M2.51M
Total Assets156.63M 141.67M
Long Term Debt34.89M33.56M
Total Liabilities75.77M 73.23M
Total Shareholder Equity79.86M67.41M
Net Tangible Assets-13.23M-15.38M

Cash Flow Statement - AHX 2021 Annual Report

The 2021 annual cash flow statement of Apiam Animal Health Limited showed that the net income increased by $987000 (24%) compared to previous reporting period. Also the capital expenditure of AHX decreased by $-3.09M (-188%).

As of 2021, the total cash from investing activities was -16.62M and total cash from financing activities was 2.57M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income5.08M4.09M
Capital Expenditures-4.74M-1.65M
Dividends Paid-1.94M-1.18M
Total Cash From From Investing Activities-16.62M-15M
Total Cash From From Financing Activities2.57M8.13M

Apiam Animal Health Limited Annual Report History

Income Statement

Income Statement history of Apiam Animal Health Limited (ASX:AHX)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue126.18M118.33M111.72M106.6M
Cost Of Revenue100.86M94.52M93.14M89.17M
Gross Profit25.32M23.82M18.58M17.43M
Research Development----
Selling General Administrative2.13M2.12M1.9M1.53M
Non Recurring----
Other Operating Expenses8.54M7.98M7.42M7.25M
Total Operating Expenses117.9M110.68M105.66M100.38M
Operating Income8.28M7.66M6.06M6.21M
Total Other Income Expense Net-1.24M-1.7M-1.5M-1.38M
Ebit8.28M7.66M6.06M6.21M
Interest Expense-1.18M-1.37M-1.14M-929k
Income Before Tax7.04M5.96M4.57M4.83M
Income Tax Expense2.04M1.74M1.42M1.54M
Minority Interest1M1.02M762k650k
Net Income From Continuing Ops5M4.21M3.15M3.29M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income5.08M4.09M3.17M3.28M
Net Income Applicable To Common Shares5.08M4.09M3.17M3.28M

Balance Sheet Statement

Balance Sheet Statement history of Apiam Animal Health Limited (ASX:AHX)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash2.15M2.51M1.87M1.44M
Net Receivables13.54M12.09M13.91M14.74M
Inventory16.04M17.67M10.95M11.26M
Other Current Assets166k67k56k67k
Total Current Assets33.31M33.36M27.73M28.29M
Long Term Investments220k140k95k75k
Property Plant Equipment24.54M19.8M8.38M9.42M
Good Will88.62M78M61.51M61.25M
Intangible Assets4.47M4.79M2.61M2.83M
Other Assets5.47M5.57M4.12M3.54M
Deferred Long Term Asset Charges3.49M3.32M2.8M3.11M
Total Assets156.63M141.67M104.45M105.4M
Accounts Payable6.25M5.58M7.48M9.25M
Short Long Term Debt2.82M3.4M2.96M3.18M
Other Current Liab5.19M8.66M2.74M4.01M
Long Term Debt34.89M33.56M22.09M22.22M
Other Liab2.08M2.02M1.32M1.9M
Deferred Long Term Liab1.98M2.13M1.1M434k
Minority Interest1M1.02M762k650k
Total Current Liabilities24.37M26.2M18.79M21.45M
Total Liab75.77M73.23M43.14M46.68M
Common Stock101.01M91.11M86.43M85.78M
Retained Earnings11.64M9.41M7.09M5.61M
Treasury Stock-32.79M-33.1M-32.98M-33.31M
Other Stockholder Equity-32.79M-33.1M-32.98M-33.31M
Total Stockholder Equity79.86M67.41M60.55M58.08M
Net Tangible Assets-13.23M-15.38M-3.57M-6.01M

Cash Flow Statement

Cash Flow Statement history of Apiam Animal Health Limited (ASX:AHX)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income5.08M4.09M3.17M3.28M
Depreciation5.95M6.06M3.19M2.43M
Change To Netincome533k-207k142k295k
Change To Account Receivables-1.5M3.4M726k-108k
Change To Liabilities630k-2.56M-2.44M3.12M
Change To Inventory1.89M-5.26M546k302k
Change To Operating Activities361k747k-96k82k
Total Cash From Operating Activities13.69M7.51M4.88M9.22M
Capital Expenditures-4.74M-1.65M-2.13M-4.54M
Total Cashflows From Investing Activities-16.62M-15M-3.07M-9.54M
Dividends Paid-1.94M-1.18M-1.02M-988k
Net Borrowings-1.25M9.17M-484k1.78M
Other Cashflows From Financing Activities-235k142k127k127k
Total Cash From Financing Activities2.57M8.13M-1.38M788k
Change In Cash-359k636k437k468k
Issuance Of Stock6M6M6M6M