AusNet Services Ltd (ASX:AST) Annual Report 2021



The latest annual report of AusNet Services Ltd (AST) was published on 31 Mar 2021. 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 - AST Annual Results

Amounts in AUD

Total Revenue
1.92B
Gross Profit
1.67B
EBIT
736.1M
Net Tangible Assets
1.71B
Net Income
302.1M
Capital Expenditures
-745.2M

AST Income Statement 2021 Annual Report

As per the latest Income Statement of AST, the Net revenue decreased by $-53.10M (-3%) compared to the previous period. The operating income in 2021 decreased by $-12.70M (-2%). The net income as per the annual report was 302.1M which increased by $11.40M (4%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue1.92B1.98B
Gross Profit1.67B1.69B
Operating Income736.1M748.8M
Income Before Tax424.1M415.4M
Net Income302.1M290.7M

Balance Sheet - AST 2021 Annual Report

Read further: AST Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AusNet Services Ltd showed the company increased the cash on balance sheet by $672.60M (433%). The Net tangible assets of AST on the balance sheet were at 1.71B which is $462.10M (37%) more than previous annual report. The total stockholder equity also increased by $429.30M (14%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash827.9M155.3M
Total Assets14.63B 14.28B
Long Term Debt9.38B9.1B
Total Liabilities11.19B 11.28B
Total Shareholder Equity3.43B3.01B
Net Tangible Assets1.71B1.24B

Cash Flow Statement - AST 2021 Annual Report

The 2021 annual cash flow statement of AusNet Services Ltd showed that the net income increased by $11.40M (4%) compared to previous reporting period. Also the capital expenditure of AST increased by $155.10M (17%).

As of 2021, the total cash from investing activities was -1.2B and total cash from financing activities was 1.03B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income302.1M290.7M
Capital Expenditures-745.2M-900.3M
Dividends Paid-234.7M-238.5M
Total Cash From From Investing Activities-1.2B-1.12B
Total Cash From From Financing Activities1.03B219.1M

AusNet Services Ltd Annual Report History

Income Statement

Income Statement history of AusNet Services Ltd (ASX:AST)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue1.92B1.98B1.86B1.91B
Cost Of Revenue255.5M292.4M238.3M269.6M
Gross Profit1.67B1.69B1.62B1.64B
Research Development----
Selling General Administrative273.5M267.3M289.7M302.6M
Non Recurring----
Other Operating Expenses195.5M204.6M176.1M178.5M
Total Operating Expenses1.19B1.23B1.16B1.19B
Operating Income736.1M748.8M701M716.7M
Total Other Income Expense Net-312M-333.4M-329.1M-300.1M
Ebit736.1M748.8M701M716.7M
Interest Expense-320M-311.3M-296.8M-291.7M
Income Before Tax424.1M415.4M371.9M416.6M
Income Tax Expense122M124.7M118M125.2M
Minority Interest----
Net Income From Continuing Ops302.1M290.7M253.9M291.4M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income302.1M290.7M253.9M291.4M
Net Income Applicable To Common Shares302.1M290.7M253.9M291.4M

Balance Sheet Statement

Balance Sheet Statement history of AusNet Services Ltd (ASX:AST)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash827.9M155.3M339.4M658.2M
Short Term Investments719.8M249.7M--
Net Receivables204.7M226.2M212M195.3M
Inventory43.5M44.2M50.5M42.3M
Other Current Assets45M218.2M157.9M25.2M
Total Current Assets1.84B893.6M765.4M921.2M
Long Term Investments130.1M121.9M244.3M71.3M
Property Plant Equipment10.16B9.88B9.56B9.07B
Good Will12M35.8M35.8M35.8M
Intangible Assets1.72B1.73B1.73B1.74B
Other Assets766.5M1.63B473.9M682.9M
Total Assets14.63B14.28B12.82B12.52B
Accounts Payable38.4M40.7M57.6M41M
Short Long Term Debt339M960.7M982.2M542.6M
Other Current Liab100.4M89.6M99.8M69.6M
Long Term Debt9.38B9.1B7.31B7.29B
Other Liab968.6M719.9M808.4M748.6M
Total Current Liabilities763.3M1.37B1.4B920.5M
Total Liab11.19B11.28B9.53B8.96B
Common Stock5.49B5.36B5.23B5.17B
Retained Earnings786.6M831.3M922.9M1.05B
Treasury Stock-2.84B-3.19B-2.87B-2.67B
Other Stockholder Equity-2.84B-3.19B-2.87B-2.67B
Total Stockholder Equity3.43B3.01B3.29B3.56B
Net Tangible Assets1.71B1.24B1.52B1.78B

Cash Flow Statement

Cash Flow Statement history of AusNet Services Ltd (ASX:AST)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income302.1M290.7M253.9M291.4M
Depreciation408.6M418.4M404M390.6M
Change To Netincome14.6M-37.3M84.7M98.1M
Change To Liabilities----
Change To Operating Activities63.9M2.7M18.7M54.5M
Total Cash From Operating Activities844.5M720.6M813.7M886.4M
Capital Expenditures-745.2M-900.3M-893.1M-732.7M
Investments-470.1M-249.7M-249.7M-249.7M
Other Cashflows From Investing Activities8.8M8.8M8.8M8.8M
Total Cashflows From Investing Activities-1.2B-1.12B-882.9M-716.8M
Dividends Paid-234.7M-238.5M-342.5M-306.2M
Net Borrowings1.27B457.6M36.7M512.3M
Total Cash From Financing Activities1.03B219.1M-249.6M159.8M
Change In Cash672.6M-184.1M-318.8M329.4M
Repurchase Of Stock-600k-600k-3.1M-10.3M