Apiam Animal Health Limited (ASX:AHX) Annual Report 2020



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

Amounts in AUD

Total Revenue
118.33M
Gross Profit
23.82M
EBIT
7.77M
Net Tangible Assets
-14.66M
Net Income
4.17M
Capital Expenditures
-1.65M

AHX Income Statement 2020 Annual Report

As per the latest Income Statement of AHX, the Net revenue increased by $6.62M (6%) compared to the previous period. The operating income in 2020 increased by $1.70M (28%). The net income as per the annual report was 4.17M which increased by $1.01M (32%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue118.33M111.72M
Gross Profit23.82M18.58M
Operating Income7.77M6.06M
Income Before Tax6.07M4.57M
Net Income4.17M3.17M

Balance Sheet - AHX 2020 Annual Report

Read further: AHX Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Apiam Animal Health Limited showed the company increased the cash on balance sheet by $636000 (34%). The Net tangible assets of AHX on the balance sheet were at -14.66M which is $-11.09M (-310%) less than previous annual report. The total stockholder equity also increased by $6.94M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash2.51M1.87M
Total Assets141.03M 104.45M
Long Term Debt33.56M22.09M
Total Liabilities72.51M 43.14M
Total Shareholder Equity67.49M60.55M
Net Tangible Assets-14.66M-3.57M

Cash Flow Statement - AHX 2020 Annual Report

The 2020 annual cash flow statement of Apiam Animal Health Limited showed that the net income increased by $1.01M (32%) compared to previous reporting period. Also the capital expenditure of AHX increased by $480000 (23%).

As of 2020, the total cash from investing activities was -15M and total cash from financing activities was 8.13M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income4.17M3.17M
Capital Expenditures-1.65M-2.13M
Dividends Paid-1.18M-1.02M
Total Cash From From Investing Activities-15M-3.07M
Total Cash From From Financing Activities8.13M-1.38M

Apiam Animal Health Limited Annual Report History

Income Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue118.33M111.72M106.6M97.99M
Cost Of Revenue94.52M93.14M89.17M81.55M
Gross Profit23.82M18.58M17.43M16.44M
Research Development----
Selling General Administrative2.12M1.9M1.53M1.29M
Non Recurring----
Other Operating Expenses7.98M7.42M7.25M7.03M
Total Operating Expenses110.57M105.66M100.38M91.45M
Operating Income7.77M6.06M6.21M6.54M
Total Other Income Expense Net-1.7M-1.5M-1.38M-407k
Ebit7.77M6.06M6.21M6.54M
Interest Expense-1.37M-1.14M-929k-918k
Income Before Tax6.07M4.57M4.83M6.14M
Income Tax Expense1.77M1.42M1.54M1.21M
Minority Interest1.02M762k650k642k
Net Income From Continuing Ops4.29M3.15M3.29M4.92M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income4.17M3.17M3.28M4.9M
Net Income Applicable To Common Shares4.17M3.17M3.28M4.9M

Balance Sheet Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash2.51M1.87M1.44M968k
Net Receivables12.09M13.91M14.74M14.07M
Inventory17.67M10.95M11.26M11.48M
Other Current Assets67k56k67k60k
Total Current Assets33.36M27.73M28.29M27.27M
Long Term Investments140k95k75k50k
Property Plant Equipment19.8M8.38M9.42M6.4M
Good Will79.75M61.51M61.25M54.91M
Intangible Assets2.4M2.61M2.83M3.04M
Other Assets5.57M4.12M3.54M3.52M
Deferred Long Term Asset Charges3.32M2.8M3.11M3.44M
Total Assets141.03M104.45M105.4M95.19M
Accounts Payable5.58M7.48M9.25M5.67M
Short Long Term Debt3.4M2.96M3.18M3.62M
Other Current Liab8.66M2.74M4.01M4.12M
Long Term Debt33.56M22.09M22.22M20.67M
Other Liab1.3M1.32M1.9M1.58M
Deferred Long Term Liab2.13M1.1M434k80k
Minority Interest1.02M762k650k642k
Total Current Liabilities26.2M18.79M21.45M17.64M
Total Liab72.51M43.14M46.68M40.83M
Common Stock91.11M86.43M85.78M83.07M
Retained Earnings9.49M7.09M5.61M3.96M
Treasury Stock-33.1M-32.98M-33.31M-33.31M
Other Stockholder Equity-33.1M-32.98M-33.31M-33.31M
Total Stockholder Equity67.49M60.55M58.08M53.72M
Net Tangible Assets-14.66M-3.57M-6.01M-4.24M

Cash Flow Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income4.17M3.17M3.28M4.9M
Depreciation5.68M3.19M2.43M1.57M
Change To Netincome-208k142k295k-870k
Change To Account Receivables3.4M726k-108k-168k
Change To Liabilities-2.3M-2.44M3.12M-1.65M
Change To Inventory-5.26M546k302k-1.44M
Change To Operating Activities500k-96k82k371k
Total Cash From Operating Activities7.51M4.88M9.22M1.67M
Capital Expenditures-1.65M-2.13M-4.54M-1.56M
Total Cashflows From Investing Activities-15M-3.07M-9.54M-9.99M
Dividends Paid-1.18M-1.02M-988k-809k
Net Borrowings9.17M-484k1.78M7.98M
Other Cashflows From Financing Activities142k127k127k127k
Total Cash From Financing Activities8.13M-1.38M788k7.17M
Change In Cash636k437k468k-1.15M