Ashley Services Group Limited (ASX:ASH) Annual Report 2020



The latest annual report of Ashley Services Group Limited (ASH) was published on 05 Jul 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 - ASH Annual Results

Amounts in AUD

Total Revenue
336.84M
Gross Profit
15.17M
EBIT
7.74M
Net Tangible Assets
16.51M
Net Income
4.67M
Capital Expenditures
-502k

ASH Income Statement 2020 Annual Report

As per the latest Income Statement of ASH, the Net revenue increased by $49.27M (17%) compared to the previous period. The operating income in 2020 decreased by $-380000 (-5%). The net income as per the annual report was 4.67M which decreased by $-757000 (-14%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue336.84M287.57M
Gross Profit15.17M13.57M
Operating Income7.74M8.12M
Income Before Tax7.04M7.54M
Net Income4.67M5.42M

Balance Sheet - ASH 2020 Annual Report

Read further: ASH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Ashley Services Group Limited showed the company increased the cash on balance sheet by $1.28M (19%). The Net tangible assets of ASH on the balance sheet were at 16.51M which is $-6.92M (-30%) less than previous annual report. The total stockholder equity also decreased by $-794000 (-3%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash8.06M6.78M
Total Assets56.89M 45.27M
Long Term Debt--
Total Liabilities31.06M 18.64M
Total Shareholder Equity25.83M26.62M
Net Tangible Assets16.51M23.42M

Cash Flow Statement - ASH 2020 Annual Report

The 2020 annual cash flow statement of Ashley Services Group Limited showed that the net income decreased by $-757000 (-14%) compared to previous reporting period. Also the capital expenditure of ASH increased by $397000 (44%).

As of 2020, the total cash from investing activities was -5.37M and total cash from financing activities was -7.47M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income4.67M5.42M
Capital Expenditures-502k-899k
Dividends Paid-3.91M-3.6M
Total Cash From From Investing Activities-5.37M-733k
Total Cash From From Financing Activities-7.47M-3.6M

Ashley Services Group Limited Annual Report History

Income Statement

Income Statement history of Ashley Services Group Limited (ASX:ASH)

05 Jul 202030 Jun 201901 Jul 201830 Jun 2017
Total Revenue336.84M287.57M332.8M314.7M
Cost Of Revenue321.67M274M318.95M300.85M
Gross Profit15.17M13.57M13.85M13.85M
Research Development----
Selling General Administrative454k454k454k454k
Non Recurring----
Other Operating Expenses4.92M4.45M5.83M9.43M
Total Operating Expenses329.11M279.45M325.44M312.13M
Operating Income7.74M8.12M7.36M2.56M
Total Other Income Expense Net-691k-581k-523k-9.96M
Ebit7.74M8.12M7.36M2.56M
Interest Expense-619k-633k-558k-567k
Income Before Tax7.04M7.54M6.84M-7.4M
Income Tax Expense1.98M2.11M2.05M-1.97M
Minority Interest----
Net Income From Continuing Ops5.07M5.42M4.79M-5.43M
Discontinued Operations----534k
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income4.67M5.42M4.79M-5.97M
Net Income Applicable To Common Shares4.67M5.42M4.79M-5.97M

Balance Sheet Statement

Balance Sheet Statement history of Ashley Services Group Limited (ASX:ASH)

05 Jul 202030 Jun 201901 Jul 201830 Jun 2017
Cash8.06M6.78M6.36M4.38M
Net Receivables29.57M29.09M29.77M26.67M
Other Current Assets505k505k505k725k
Total Current Assets39.38M37.32M37.06M32.49M
Property Plant Equipment3.4M1.14M1.35M1.26M
Good Will9.08M2.78M2.78M2.78M
Intangible Assets238k418k366k495k
Other Assets4.79M3.6M5.4M7.28M
Deferred Long Term Asset Charges4.69M3.6M5.4M7.28M
Total Assets56.89M45.27M46.95M44.31M
Accounts Payable1.44M833k1.65M2M
Other Current Liab10.94M6.68M7.38M8.05M
Other Liab4.21M2.14M3.67M3.28M
Total Current Liabilities25.14M16.5M18.49M21.02M
Total Liab31.06M18.64M22.15M24.3M
Common Stock148.81M148.81M148.81M148.81M
Retained Earnings-63.72M-64.5M-66.33M-71.12M
Treasury Stock-59.26M-57.69M-57.69M-57.69M
Other Stockholder Equity-59.26M-57.69M-57.69M-57.69M
Total Stockholder Equity25.83M26.62M24.8M20.01M
Net Tangible Assets16.51M23.42M21.65M16.73M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Ashley Services Group Limited (ASX:ASH)

05 Jul 202030 Jun 201901 Jul 201830 Jun 2017
Net Income4.67M5.42M4.79M-5.97M
Depreciation2.07M1.01M660k1.85M
Change To Netincome540k-76k59k7.78M
Change To Account Receivables-477k629k-3.15M1.39M
Change To Liabilities2.15M-835k678k-3.57M
Change To Operating Activities3.85M-1.7M403k-1.09M
Total Cash From Operating Activities14.12M4.75M3.16M2.94M
Capital Expenditures-502k-899k-633k-719k
Total Cashflows From Investing Activities-5.37M-733k-444k-171k
Dividends Paid-3.91M-3.6M-3.6M-3.6M
Net Borrowings-966k-966k-724k-102k
Other Cashflows From Financing Activities-2.6M-2.6M-2.6M-2.6M
Total Cash From Financing Activities-7.47M-3.6M-724k-102k
Change In Cash1.28M420k1.99M2.67M