Aspen Group (ASX:APZ) Annual Report 2017



The latest annual report of Aspen Group (APZ) was published on 30 Jun 2017. 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 - APZ Annual Results

Amounts in AUD

Total Revenue
15.08M
Gross Profit
6.99M
EBIT
562k
Net Tangible Assets
126.01M
Net Income
409k
Capital Expenditures
-

APZ Income Statement 2017 Annual Report

As per the latest Income Statement of APZ, the Net revenue decreased by $-18.36M (-55%) compared to the previous period. The operating income in 2017 decreased by $-1.30M (-70%). The net income as per the annual report was 409k which decreased by $-9.13M (-96%) compared to previous year.

Income Statement Report (2017/2016)

20172016
Total Revenue15.08M33.44M
Gross Profit6.99M15.57M
Operating Income562k1.86M
Income Before Tax-813k6.4M
Net Income409k9.54M

Balance Sheet - APZ 2017 Annual Report

Read further: APZ Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Aspen Group showed the company reduced the cash on balance sheet by $-26.06M (-53%). The Net tangible assets of APZ on the balance sheet were at 126.01M which is $-6.85M (-5%) less than previous annual report. The total stockholder equity also decreased by $-3.56M (-2%) compared to previous reporting period.

Balance Sheet Statement Report (2017/2016)

20172016
Cash22.74M48.8M
Total Assets133.11M 138.65M
Long Term Debt--
Total Liabilities9.54M 10.88M
Total Shareholder Equity143.55M147.11M
Net Tangible Assets126.01M132.86M

Cash Flow Statement - APZ 2017 Annual Report

The 2017 annual cash flow statement of Aspen Group showed that the net income decreased by $-9.13M (-96%) compared to previous reporting period. Also the capital expenditure of APZ increased by $NaN (NaN%).

As of 2017, the total cash from investing activities was -22.52M and total cash from financing activities was -8.44M.

Cash Flow Statement Report (2017/2016)

20172016
Net Income409k9.54M
Capital Expenditures--
Dividends Paid-7.38M-10.34M
Total Cash From From Investing Activities-22.52M115.73M
Total Cash From From Financing Activities-8.44M-93.5M

Aspen Group Annual Report History

Income Statement

Income Statement history of Aspen Group (ASX:APZ)

30 Jun 201730 Jun 201630 Jun 201530 Jun 2014
Total Revenue15.08M33.44M48.8M15.17M
Cost Of Revenue8.09M17.86M23.14M6M
Gross Profit6.99M15.57M25.66M9.18M
Research Development----
Selling General Administrative5.42M10.52M14.69M12.81M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses14.52M31.58M41.87M18.81M
Operating Income562k1.86M6.93M-3.63M
Total Other Income Expense Net-1.38M4.54M-45.31M-18.8M
Ebit562k1.86M6.93M-3.63M
Interest Expense-128k-3.73M-8.12M-9.6M
Income Before Tax-813k6.4M-38.38M-22.43M
Income Tax Expense---12.14M
Minority Interest-19.98M-19.35M36.11M-19.67M
Net Income From Continuing Ops-813k6.4M-38.38M-34.57M
Discontinued Operations590k3.51M6.66M-47.24M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income409k9.54M-23.43M-70.72M
Net Income Applicable To Common Shares409k9.54M-23.43M-70.72M

Balance Sheet Statement

Balance Sheet Statement history of Aspen Group (ASX:APZ)

30 Jun 201730 Jun 201630 Jun 201530 Jun 2014
Cash22.74M48.8M18.24M42.5M
Net Receivables2.58M2.69M3.93M8.33M
Inventory287k78k692k-
Other Current Assets36.63M8.4M117.16M119.95M
Total Current Assets62.24M59.98M140.02M170.78M
Property Plant Equipment52.8M63.9M209.79M39.94M
Good Will17.53M14.25M11.95M-
Other Assets540k520k624k252k
Total Assets133.11M138.65M362.43M221.72M
Accounts Payable2.03M2.12M5.46M2.36M
Other Current Liab6.92M8.14M14.23M31.07M
Minority Interest-19.98M-19.35M36.11M-19.67M
Total Current Liabilities9.54M10.88M56.12M37.52M
Total Liab9.54M10.88M166.37M42.02M
Common Stock500.99M501.67M514.47M523.03M
Retained Earnings-359.47M-354.62M-357.18M-320.78M
Treasury Stock2.03M69k2.66M-2.89M
Other Stockholder Equity2.03M69k2.66M-2.89M
Total Stockholder Equity143.55M147.11M159.95M199.37M
Net Tangible Assets126.01M132.86M148M199.37M
Long Term Debt--110.25M4.5M

Cash Flow Statement

Cash Flow Statement history of Aspen Group (ASX:APZ)

30 Jun 201730 Jun 201630 Jun 201530 Jun 2014
Net Income409k9.54M-23.43M-70.72M
Depreciation1.13M3.34M5.71M329k
Change To Netincome3.19M-8.94M21.33M80.99M
Change To Account Receivables430k-138k1.84M878k
Change To Liabilities10k47k-644k-7.86M
Change To Operating Activities-209k875k-1.38M36.88M
Total Cash From Operating Activities4.97M4.72M3.42M40.51M
Total Cashflows From Investing Activities-22.52M115.73M-46.43M194.09M
Dividends Paid-7.38M-10.34M-10.44M-17.94M
Other Cashflows From Financing Activities-359k-3.79M-9.9M-10.57M
Total Cash From Financing Activities-8.44M-93.5M19.17M-229.78M
Change In Cash-27.7M24M-25.39M3.69M
Capital Expenditures----