AJ Lucas Group Limited (ASX:AJL) Annual Report 2021



The latest annual report of AJ Lucas Group Limited (AJL) 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 - AJL Annual Results

Amounts in AUD

Total Revenue
111.09M
Gross Profit
27.66M
EBIT
14.64M
Net Tangible Assets
93.27M
Net Income
3.34M
Capital Expenditures
-1.73M

AJL Income Statement 2021 Annual Report

As per the latest Income Statement of AJL, the Net revenue decreased by $-35.66M (-24%) compared to the previous period. The operating income in 2021 increased by $1.26M (9%). The net income as per the annual report was 3.34M which increased by $12.21M (138%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue111.09M146.75M
Gross Profit27.66M30.18M
Operating Income14.64M13.37M
Income Before Tax378k-10.23M
Net Income3.34M-8.87M

Balance Sheet - AJL 2021 Annual Report

Read further: AJL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AJ Lucas Group Limited showed the company increased the cash on balance sheet by $664000 (15%). The Net tangible assets of AJL on the balance sheet were at 93.27M which is $7.45M (9%) more than previous annual report. The total stockholder equity also increased by $7.45M (9%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash5.14M4.48M
Total Assets232M 238.56M
Long Term Debt72.91M74.43M
Total Liabilities137.56M 151.62M
Total Shareholder Equity93.27M85.81M
Net Tangible Assets93.27M85.81M

Cash Flow Statement - AJL 2021 Annual Report

The 2021 annual cash flow statement of AJ Lucas Group Limited showed that the net income increased by $12.21M (138%) compared to previous reporting period. Also the capital expenditure of AJL increased by $13.27M (88%).

As of 2021, the total cash from investing activities was -1.65M and total cash from financing activities was -15.88M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income3.34M-8.87M
Capital Expenditures-1.73M-15M
Dividends Paid--
Total Cash From From Investing Activities-1.65M-19.75M
Total Cash From From Financing Activities-15.88M8.66M

AJ Lucas Group Limited Annual Report History

Income Statement

Income Statement history of AJ Lucas Group Limited (ASX:AJL)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue111.09M146.75M143.44M124.7M
Cost Of Revenue83.43M116.57M123.03M109.79M
Gross Profit27.66M30.18M20.41M14.92M
Research Development----
Selling General Administrative5.24M5.67M5.67M5.67M
Non Recurring----
Other Operating Expenses1.5M3.79M-373k-2.36M
Total Operating Expenses96.45M133.37M128.04M113.01M
Operating Income14.64M13.37M15.4M11.69M
Total Other Income Expense Net-14.26M-23.6M-41.07M-20.23M
Ebit14.64M13.37M15.4M11.69M
Interest Expense-15.41M-18.72M-18.64M-17.25M
Income Before Tax378k-10.23M-25.67M-8.54M
Income Tax Expense-2.98M-1.34M--
Minority Interest1.18M1.13M1.13M1.13M
Net Income From Continuing Ops3.35M-8.88M-25.67M-8.54M
Discontinued Operations---13.72M-7.73M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.34M-8.87M-39.39M-16.27M
Net Income Applicable To Common Shares3.34M-8.87M-39.39M-16.27M

Balance Sheet Statement

Balance Sheet Statement history of AJ Lucas Group Limited (ASX:AJL)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash5.14M4.48M8.38M9.42M
Net Receivables18.68M28.13M34.25M21.51M
Inventory6.54M5.58M4.12M40.84M
Other Current Assets3.63M2.05M6.08M11.02M
Total Current Assets33.99M40.23M52.83M82.79M
Property Plant Equipment198.01M198.33M77.68M63.61M
Total Assets232M238.56M265.96M266.94M
Accounts Payable6.82M8.01M12.87M11.5M
Short Long Term Debt9.08M10.52M67.16M17.18M
Other Current Liab15.39M13.62M17.91M25.29M
Long Term Debt72.91M74.43M52.54M67.65M
Other Liab2.91M9.5M2.42M863k
Minority Interest1.18M1.13M--
Total Current Liabilities59.23M64.25M103.45M59.31M
Total Liab137.56M151.62M158.41M127.83M
Common Stock495.99M495.99M467.75M467.75M
Retained Earnings-409.09M-412.43M-403.56M-364.17M
Treasury Stock6.37M2.26M43.35M35.53M
Other Stockholder Equity6.37M2.26M43.35M35.53M
Total Stockholder Equity93.27M85.81M107.54M139.11M
Net Tangible Assets93.27M85.81M107.54M139.11M

Cash Flow Statement

Cash Flow Statement history of AJ Lucas Group Limited (ASX:AJL)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income3.34M-8.87M-39.39M-16.27M
Depreciation6.29M7.35M5.38M5.59M
Change To Netincome5.88M-769k21.31M-487k
Change To Account Receivables8.92M14.45M-10.34M-4.74M
Change To Liabilities-4.56M-12.68M-4.86M7.33M
Change To Inventory-963k-1.46M36.72M-9.98M
Change To Operating Activities-1.32M384k340k847k
Total Cash From Operating Activities19.62M2M14.84M-13.11M
Capital Expenditures-1.73M-15M-18.18M-15.8M
Total Cashflows From Investing Activities-1.65M-19.75M-27.36M-13.51M
Net Borrowings-15.88M9.08M12.46M-18.21M
Total Cash From Financing Activities-15.88M8.66M12.46M13.91M
Effect Of Exchange Rate86k24k367k388k
Change In Cash2.17M-5.68M307k-12.32M
Dividends Paid----