Academies Australasia Group Limited (ASX:AKG) Annual Report 2020



The latest annual report of Academies Australasia Group Limited (AKG) 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 - AKG Annual Results

Amounts in AUD

Total Revenue
59.69M
Gross Profit
32.29M
EBIT
4.38M
Net Tangible Assets
615k
Net Income
3.66M
Capital Expenditures
-321k

AKG Income Statement 2020 Annual Report

As per the latest Income Statement of AKG, the Net revenue decreased by $-6.36M (-10%) compared to the previous period. The operating income in 2020 decreased by $-4.77M (-52%). The net income as per the annual report was 3.66M which decreased by $-688000 (-16%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue59.69M66.06M
Gross Profit32.29M36.87M
Operating Income4.38M9.15M
Income Before Tax5.22M6.41M
Net Income3.66M4.35M

Balance Sheet - AKG 2020 Annual Report

Read further: AKG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Academies Australasia Group Limited showed the company increased the cash on balance sheet by $1.91M (13%). The Net tangible assets of AKG on the balance sheet were at 615k which is $-1.14M (-65%) less than previous annual report. The total stockholder equity also decreased by $-1.15M (-3%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash16.9M15M
Total Assets102.06M 89.96M
Long Term Debt--
Total Liabilities68.46M 55.42M
Total Shareholder Equity33.01M34.16M
Net Tangible Assets615k1.75M

Cash Flow Statement - AKG 2020 Annual Report

The 2020 annual cash flow statement of Academies Australasia Group Limited showed that the net income decreased by $-688000 (-16%) compared to previous reporting period. Also the capital expenditure of AKG decreased by $-116000 (-57%).

As of 2020, the total cash from investing activities was -497k and total cash from financing activities was -10.27M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income3.66M4.35M
Capital Expenditures-321k-205k
Dividends Paid-4.92M-2.97M
Total Cash From From Investing Activities-497k-278k
Total Cash From From Financing Activities-10.27M-10.48M

Academies Australasia Group Limited Annual Report History

Income Statement

Income Statement history of Academies Australasia Group Limited (ASX:AKG)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue59.69M66.06M61.12M58.29M
Cost Of Revenue27.41M29.19M26.52M24.23M
Gross Profit32.29M36.87M34.6M34.06M
Research Development----
Selling General Administrative20.53M21.14M26.88M26.99M
Non Recurring----
Other Operating Expenses569k813k786k837k
Total Operating Expenses55.32M56.91M55.19M53.5M
Operating Income4.38M9.15M5.93M4.79M
Total Other Income Expense Net842k-2.74M188k-480k
Ebit4.38M9.15M5.93M4.79M
Interest Expense-1.7M-1.51M-432k-753k
Income Before Tax5.22M6.41M6.12M4.31M
Income Tax Expense1.26M1.96M1.67M1.26M
Minority Interest591k371k363k206k
Net Income From Continuing Ops3.96M4.44M4.45M3.04M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income3.66M4.35M4.27M2.85M
Net Income Applicable To Common Shares3.66M4.35M4.27M2.85M

Balance Sheet Statement

Balance Sheet Statement history of Academies Australasia Group Limited (ASX:AKG)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash16.9M15M12.97M10.49M
Net Receivables4.25M4.29M9.7M10.55M
Other Current Assets500k512k472k537k
Total Current Assets23.15M22.21M26.62M30.34M
Property Plant Equipment41.06M29.04M6.72M7.16M
Good Will32.38M32.38M32.37M32.31M
Intangible Assets20k35k43k50k
Other Assets5.46M6.29M6.75M6.14M
Deferred Long Term Asset Charges5.04M5.85M4.01M2.95M
Total Assets102.06M89.96M72.5M76M
Accounts Payable1.14M425k551k2.59M
Other Current Liab20.01M21.75M26.47M25.71M
Other Liab474k424k5.78M6.45M
Deferred Long Term Liab417k439k559k604k
Minority Interest591k371k363k206k
Total Current Liabilities30.64M29.88M29.66M32.58M
Total Liab68.46M55.42M35.65M41.73M
Common Stock42.07M42.07M43.52M42.68M
Retained Earnings-9.12M-8.02M-7.09M-8.75M
Treasury Stock70k118k68k143k
Other Stockholder Equity70k118k68k143k
Total Stockholder Equity33.01M34.16M36.49M34.07M
Net Tangible Assets615k1.75M4.08M1.71M
Long Term Debt--123k2.62M

Cash Flow Statement

Cash Flow Statement history of Academies Australasia Group Limited (ASX:AKG)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income3.66M4.35M4.27M2.85M
Depreciation6.62M5.57M860k1.23M
Change To Netincome372k1.34M-763k-709k
Change To Account Receivables1.23M1.63M1.29M1.66M
Change To Liabilities773k1.65M-4.11M2.56M
Change To Operating Activities898k-109k292k-2.21M
Total Cash From Operating Activities12.67M12.79M3.73M6.15M
Capital Expenditures-321k-205k-429k-965k
Total Cashflows From Investing Activities-497k-278k4.97M-951k
Dividends Paid-4.92M-2.97M-1.29M-1.29M
Net Borrowings-5.35M-6.07M-3.5M-4.67M
Total Cash From Financing Activities-10.27M-10.48M-5.36M-1.24M
Change In Cash1.91M2.03M3.35M3.96M