AstiVita Limited (ASX:AIR) Annual Report 2020



The latest annual report of AstiVita Limited (AIR) 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 - AIR Annual Results

Amounts in AUD

Total Revenue
4.33M
Gross Profit
-540k
EBIT
-2.62M
Net Tangible Assets
1.73M
Net Income
-7.3M
Capital Expenditures
-15k

AIR Income Statement 2020 Annual Report

As per the latest Income Statement of AIR, the Net revenue decreased by $-324000 (-7%) compared to the previous period. The operating income in 2020 decreased by $-1.71M (-187%). The net income as per the annual report was -7.3M which decreased by $-6.71M (-1152%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue4.33M4.65M
Gross Profit-540k1.43M
Operating Income-2.62M-912k
Income Before Tax-3.02M-833k
Net Income-7.3M-583k

Balance Sheet - AIR 2020 Annual Report

Read further: AIR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AstiVita Limited showed the company increased the cash on balance sheet by $1000 (1%). The Net tangible assets of AIR on the balance sheet were at 1.73M which is $-6.80M (-80%) less than previous annual report. The total stockholder equity also decreased by $-7.30M (-80%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash74k73k
Total Assets5.82M 10.1M
Long Term Debt2.99M369k
Total Liabilities4.05M 1.02M
Total Shareholder Equity1.77M9.07M
Net Tangible Assets1.73M8.53M

Cash Flow Statement - AIR 2020 Annual Report

The 2020 annual cash flow statement of AstiVita Limited showed that the net income decreased by $-6.71M (-1152%) compared to previous reporting period. Also the capital expenditure of AIR decreased by $-13000 (-650%).

As of 2020, the total cash from investing activities was -114k and total cash from financing activities was 2.47M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-7.3M-583k
Capital Expenditures-15k-2k
Dividends Paid--
Total Cash From From Investing Activities-114k-31k
Total Cash From From Financing Activities2.47M699k

AstiVita Limited Annual Report History

Income Statement

Income Statement history of AstiVita Limited (ASX:AIR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue4.33M4.65M5.8M6.41M
Cost Of Revenue4.87M3.22M4.42M4.37M
Gross Profit-540k1.43M1.39M2.04M
Research Development----
Selling General Administrative1.56M1.92M2.01M2.64M
Non Recurring----
Other Operating Expenses361k294k346k365k
Total Operating Expenses6.94M5.56M6.92M7.7M
Operating Income-2.62M-912k-1.11M-1.29M
Total Other Income Expense Net-399k79k-87k-153k
Ebit-2.62M-912k-1.11M-1.29M
Interest Expense-83k-149k-134k-155k
Income Before Tax-3.02M-833k-1.2M-1.44M
Income Tax Expense4.28M-250k-359k-410k
Minority Interest----
Net Income From Continuing Ops-7.3M-583k-841k-1.03M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-7.3M-583k-841k-1.03M
Net Income Applicable To Common Shares-7.3M-583k-841k-1.03M

Balance Sheet Statement

Balance Sheet Statement history of AstiVita Limited (ASX:AIR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash74k73k195k200k
Net Receivables551k1.08M1.49M1.31M
Inventory3.61M3.51M3.15M3.43M
Total Current Assets5.38M5.13M5.04M5.37M
Property Plant Equipment246k54k78k118k
Intangible Assets44k542k600k693k
Other Assets150k4.37M4.14M3.81M
Total Assets5.82M10.1M9.86M9.99M
Accounts Payable425k332k203k309k
Other Current Liab381k150k150k243k
Long Term Debt2.99M369k3.01M2.06M
Other Liab33k141k162k185k
Deferred Long Term Liab150k---
Total Current Liabilities969k513k379k579k
Total Liab4.05M1.02M3.55M2.83M
Common Stock12.88M12.88M9.54M9.54M
Retained Earnings-11.1M-3.81M-3.22M-2.38M
Total Stockholder Equity1.77M9.07M6.32M7.16M
Net Tangible Assets1.73M8.53M5.72M6.46M

Cash Flow Statement

Cash Flow Statement history of AstiVita Limited (ASX:AIR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-7.3M-583k-841k-1.03M
Depreciation101k53k43k91k
Change To Netincome4.6M-250k-250k-414k
Change To Account Receivables566k411k-178k-3k
Change To Liabilities167k129k-463k-303k
Change To Inventory-99k-362k276k675k
Change To Operating Activities-444k-248k140k-149k
Total Cash From Operating Activities-2.36M-790k-932k-1.04M
Capital Expenditures-15k-2k-13k-15k
Total Cashflows From Investing Activities-114k-31k-13k-450k
Net Borrowings2.47M699k940k940k
Total Cash From Financing Activities2.47M699k940k1.09M
Change In Cash1k-122k-5k-403k
Dividends Paid----