Airtasker Limited (ASX:ART) Annual Report 2020



The latest annual report of Airtasker Limited (ART) 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 - ART Annual Results

Amounts in AUD

Total Revenue
19.3M
Gross Profit
18M
EBIT
-7.3M
Net Tangible Assets
-
Net Income
-10.3M
Capital Expenditures
-100k

ART Income Statement 2020 Annual Report

As per the latest Income Statement of ART, the Net revenue increased by $5.30M (38%) compared to the previous period. The operating income in 2020 increased by $21.50M (75%). The net income as per the annual report was -10.3M which increased by $19.40M (65%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue19.3M14M
Gross Profit18M12.7M
Operating Income-7.3M-28.8M
Income Before Tax-10.3M-29.7M
Net Income-10.3M-29.7M

Balance Sheet - ART 2020 Annual Report

Read further: ART Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Airtasker Limited showed the company increased the cash on balance sheet by $NaN (NaN%). The Net tangible assets of ART on the balance sheet were at - which is $NaN (NaN%) more than previous annual report. The total stockholder equity also increased by $NaN (NaN%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash--
Total Assets- -
Long Term Debt--
Total Liabilities- -
Total Shareholder Equity--
Net Tangible Assets--

Cash Flow Statement - ART 2020 Annual Report

The 2020 annual cash flow statement of Airtasker Limited showed that the net income increased by $19.40M (65%) compared to previous reporting period. Also the capital expenditure of ART increased by $100000 (50%).

As of 2020, the total cash from investing activities was -2.5M and total cash from financing activities was 10.4M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-10.3M-29.7M
Capital Expenditures-100k-200k
Dividends Paid--
Total Cash From From Investing Activities-2.5M-600k
Total Cash From From Financing Activities10.4M12.3M

Airtasker Limited Annual Report History

Income Statement

Income Statement history of Airtasker Limited (ASX:ART)

30 Jun 202030 Jun 2019
Total Revenue19.3M14M
Cost Of Revenue1.3M1.3M
Gross Profit18M12.7M
Research Development--
Selling General Administrative24.1M40.6M
Non Recurring--
Other Operating Expenses--
Total Operating Expenses26.6M42.8M
Operating Income-7.3M-28.8M
Total Other Income Expense Net-3M-900k
Ebit-7.3M-28.8M
Interest Expense-3M-1.2M
Income Before Tax-10.3M-29.7M
Income Tax Expense--
Minority Interest--
Net Income From Continuing Ops-10.3M-29.7M
Discontinued Operations--
Extraordinary Items--
Effect Of Accounting Charges--
Other Items--
Net Income-10.3M-29.7M
Net Income Applicable To Common Shares-10.3M-29.7M

Balance Sheet Statement

Balance Sheet Statement history of Airtasker Limited (ASX:ART)

30 Jun 202030 Jun 2019
Cash--
Total Assets--
Total Liab--
Long Term Debt--
Total Stockholder Equity--
Net Tangible Assets--

Cash Flow Statement

Cash Flow Statement history of Airtasker Limited (ASX:ART)

30 Jun 202030 Jun 2019
Net Income-10.3M-29.7M
Depreciation1.2M900k
Change To Netincome7.7M8.3M
Change To Liabilities--
Change To Operating Activities800k2.9M
Total Cash From Operating Activities-600k-17.6M
Capital Expenditures-100k-200k
Other Cashflows From Investing Activities100k100k
Total Cashflows From Investing Activities-2.5M-600k
Net Borrowings100k9.4M
Other Cashflows From Financing Activities-100k-100k
Total Cash From Financing Activities10.4M12.3M
Change In Cash7.3M-5.9M
Issuance Of Stock10.4M3M
Dividends Paid--