Audio Pixels Holdings Limited (ASX:AKP) Annual Report 2020



The latest annual report of Audio Pixels Holdings Limited (AKP) was published on 31 Dec 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 - AKP Annual Results

Amounts in AUD

Total Revenue
96.13k
Gross Profit
96.13k
EBIT
-8.28M
Net Tangible Assets
3.28M
Net Income
-12.1M
Capital Expenditures
-

AKP Income Statement 2020 Annual Report

As per the latest Income Statement of AKP, the Net revenue decreased by $-25630 (-21%) compared to the previous period. The operating income in 2020 decreased by $-1.91M (-30%). The net income as per the annual report was -12.1M which decreased by $-5.87M (-94%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue96.13k121.76k
Gross Profit96.13k121.76k
Operating Income-8.28M-6.37M
Income Before Tax-12.1M-6.23M
Net Income-12.1M-6.23M

Balance Sheet - AKP 2020 Annual Report

Read further: AKP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Audio Pixels Holdings Limited showed the company reduced the cash on balance sheet by $-1.07M (-18%). The Net tangible assets of AKP on the balance sheet were at 3.28M which is $-1.22M (-27%) less than previous annual report. The total stockholder equity also decreased by $-1.46M (-20%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash4.75M5.82M
Total Assets7.97M 9.75M
Long Term Debt--
Total Liabilities2.2M 2.52M
Total Shareholder Equity5.78M7.23M
Net Tangible Assets3.28M4.5M

Cash Flow Statement - AKP 2020 Annual Report

The 2020 annual cash flow statement of Audio Pixels Holdings Limited showed that the net income decreased by $-5.87M (-94%) compared to previous reporting period. Also the capital expenditure of AKP increased by $NaN (NaN%).

As of 2020, the total cash from investing activities was -105.04k and total cash from financing activities was 6.54M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-12.1M-6.23M
Capital Expenditures--
Dividends Paid--
Total Cash From From Investing Activities-105.04k-223.31k
Total Cash From From Financing Activities6.54M-286.89k

Audio Pixels Holdings Limited Annual Report History

Income Statement

Income Statement history of Audio Pixels Holdings Limited (ASX:AKP)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Total Revenue96.13k121.76k--
Cost Of Revenue----
Gross Profit96.13k121.76k--
Research Development----
Selling General Administrative7.94M6M4.2M3.59M
Non Recurring----
Other Operating Expenses-76.69k-76.69k-76.69k-76.69k
Total Operating Expenses8.38M6.49M4.35M3.75M
Operating Income-8.28M-6.37M-4.35M-3.75M
Total Other Income Expense Net-3.82M135.9k-166.77k-2.17M
Ebit-8.28M-6.37M-4.35M-3.75M
Interest Expense-19.25k-30.46k-1.51M-593.18k
Income Before Tax-12.1M-6.23M-4.52M-5.91M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-12.1M-6.23M-4.52M-5.91M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-12.1M-6.23M-4.52M-5.91M
Net Income Applicable To Common Shares-12.1M-6.23M-4.52M-5.91M

Balance Sheet Statement

Balance Sheet Statement history of Audio Pixels Holdings Limited (ASX:AKP)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Cash4.75M5.82M11.02M2.7M
Net Receivables9.83k8.95k65.35k3.01M
Other Current Assets39.03k133.37k108.22k35.95k
Total Current Assets4.8M5.97M11.19M5.75M
Property Plant Equipment671.47k1.04M329.86k324.61k
Good Will2.21M2.33M2.33M2.19M
Intangible Assets288.7k402.11k483.85k513.77k
Other Assets5.7k5.96k5.53k16.11k
Total Assets7.97M9.75M14.34M8.79M
Accounts Payable1.63M1.65M987.85k887.77k
Total Current Liabilities2.17M2.25M1.19M9M
Total Liab2.2M2.52M1.19M9M
Common Stock73.09M66.22M66.22M45.23M
Retained Earnings-46.36M-34.26M-28.03M-23.51M
Treasury Stock-20.95M-24.72M-25.04M-21.93M
Other Stockholder Equity-20.95M-24.72M-25.04M-21.93M
Total Stockholder Equity5.78M7.23M13.15M-213.26k
Net Tangible Assets3.28M4.5M10.34M-2.92M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Audio Pixels Holdings Limited (ASX:AKP)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Net Income-12.1M-6.23M-4.52M-5.91M
Depreciation426.58k405.84k70.88k79.64k
Change To Netincome4.03M315.31k-169.9k2.14M
Change To Account Receivables93.71k30.82k-116.87k35.77k
Change To Liabilities-17.88k660.72k100.08k415.9k
Change To Operating Activities32.9k58.82k-36.36k-400.14k
Total Cash From Operating Activities-7.46M-4.68M-4.59M-3.56M
Total Cashflows From Investing Activities-105.04k-223.31k-45.73k-263.96k
Net Borrowings-338.78k-286.89k3.5M1.5M
Total Cash From Financing Activities6.54M-286.89k13M1.5M
Effect Of Exchange Rate-45.98k-9.74k-43.03k-58.02k
Change In Cash-1.07M-5.2M8.32M-2.38M
Issuance Of Stock6.88M6.88M9.5M9.5M
Capital Expenditures----
Dividends Paid----