Alliance Aviation Services Limited (ASX:AQZ) Annual Report 2020



The latest annual report of Alliance Aviation Services Limited (AQZ) 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 - AQZ Annual Results

Amounts in AUD

Total Revenue
298.62M
Gross Profit
93.5M
EBIT
45.99M
Net Tangible Assets
281.57M
Net Income
26.97M
Capital Expenditures
-30.81M

AQZ Income Statement 2020 Annual Report

As per the latest Income Statement of AQZ, the Net revenue increased by $21.50M (8%) compared to the previous period. The operating income in 2020 increased by $9.96M (28%). The net income as per the annual report was 26.97M which increased by $4.24M (19%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue298.62M277.12M
Gross Profit93.5M77.5M
Operating Income45.99M36.03M
Income Before Tax40.7M32.82M
Net Income26.97M22.73M

Balance Sheet - AQZ 2020 Annual Report

Read further: AQZ Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Alliance Aviation Services Limited showed the company increased the cash on balance sheet by $89.18M (928%). The Net tangible assets of AQZ on the balance sheet were at 281.57M which is $113.17M (67%) more than previous annual report. The total stockholder equity also increased by $113.19M (67%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash98.79M9.61M
Total Assets435.87M 301.52M
Long Term Debt42.4M56.4M
Total Liabilities153.81M 132.65M
Total Shareholder Equity282.06M168.87M
Net Tangible Assets281.57M168.4M

Cash Flow Statement - AQZ 2020 Annual Report

The 2020 annual cash flow statement of Alliance Aviation Services Limited showed that the net income increased by $4.24M (19%) compared to previous reporting period. Also the capital expenditure of AQZ decreased by $-8.81M (-40%).

As of 2020, the total cash from investing activities was -30.81M and total cash from financing activities was 75.89M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income26.97M22.73M
Capital Expenditures-30.81M-22M
Dividends Paid-7.34M-12.13M
Total Cash From From Investing Activities-30.81M-22M
Total Cash From From Financing Activities75.89M-17.33M

Alliance Aviation Services Limited Annual Report History

Income Statement

Income Statement history of Alliance Aviation Services Limited (ASX:AQZ)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue298.62M277.12M247.64M200.64M
Cost Of Revenue205.12M199.62M178.1M142.23M
Gross Profit93.5M77.5M69.54M58.41M
Research Development----
Selling General Administrative12.37M10.62M9.71M8.77M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses252.63M241.08M218.41M177.36M
Operating Income45.99M36.03M29.23M23.28M
Total Other Income Expense Net-5.29M-3.21M-3.12M-3.67M
Ebit45.99M36.03M29.23M23.28M
Interest Expense-2.74M-2.76M-3.4M-4.02M
Income Before Tax40.7M32.82M26.1M19.61M
Income Tax Expense13.72M10.09M7.99M1.06M
Minority Interest----
Net Income From Continuing Ops26.97M22.73M18.11M18.55M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income26.97M22.73M18.11M18.55M
Net Income Applicable To Common Shares26.97M22.73M18.11M18.55M

Balance Sheet Statement

Balance Sheet Statement history of Alliance Aviation Services Limited (ASX:AQZ)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash98.79M9.61M11.85M3.46M
Net Receivables51.42M36.72M28.95M28.28M
Inventory57.4M49.06M50.83M43.01M
Total Current Assets210.6M98.59M94.16M76.88M
Property Plant Equipment224.78M202.46M177.41M173.17M
Intangible Assets494k472k489k62k
Total Assets435.87M301.52M272.06M250.11M
Accounts Payable31.5M31.34M20.87M13.87M
Short Long Term Debt12M3.65M3.2M14.24M
Other Current Liab17.03M12.17M10.19M8.54M
Long Term Debt42.4M56.4M62.05M60.75M
Other Liab33.64M20.52M10.46M2.33M
Total Current Liabilities70.79M55.73M41.69M42.68M
Total Liab153.81M132.65M114.19M105.75M
Common Stock282.53M187.65M183.5M181.03M
Retained Earnings109.38M93.47M87.02M75.66M
Treasury Stock-109.84M-112.25M-112.65M-112.33M
Other Stockholder Equity-109.84M-112.25M-112.65M-112.33M
Total Stockholder Equity282.06M168.87M157.86M144.36M
Net Tangible Assets281.57M168.4M157.37M144.3M

Cash Flow Statement

Cash Flow Statement history of Alliance Aviation Services Limited (ASX:AQZ)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income26.97M22.73M18.11M18.55M
Depreciation35.15M30.85M30.61M26.36M
Change To Netincome6.61M8.79M3.29M5.39M
Change To Account Receivables-14.7M-7.76M-449k-3.96M
Change To Liabilities13.28M20.55M14.92M644k
Change To Inventory-28.7M-40.57M-31.08M-28.26M
Change To Operating Activities5.45M2.48M2.85M3M
Total Cash From Operating Activities44.05M37.01M38.26M21.7M
Capital Expenditures-30.81M-22M-14.86M-13.46M
Total Cashflows From Investing Activities-30.81M-22M-14.86M-13.46M
Dividends Paid-7.34M-12.13M-4.8M-1.87M
Net Borrowings-7.25M-5.2M-9.95M-5.05M
Other Cashflows From Financing Activities-1.39M-1.39M-1.39M-1.39M
Total Cash From Financing Activities75.89M-17.33M-14.76M-6.92M
Effect Of Exchange Rate59k76k-263k44k
Change In Cash89.18M-2.24M8.38M1.37M
Issuance Of Stock91.86M91.86M91.86M91.86M