AusNet Services Ltd (ASX:AST) Annual Report 2020



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

Amounts in AUD

Total Revenue
1.98B
Gross Profit
1.69B
EBIT
748.8M
Net Tangible Assets
1.24B
Net Income
290.7M
Capital Expenditures
-900.3M

AST Income Statement 2020 Annual Report

As per the latest Income Statement of AST, the Net revenue increased by $116.10M (6%) compared to the previous period. The operating income in 2020 increased by $47.80M (7%). The net income as per the annual report was 290.7M which increased by $36.80M (14%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue1.98B1.86B
Gross Profit1.69B1.62B
Operating Income748.8M701M
Income Before Tax415.4M371.9M
Net Income290.7M253.9M

Balance Sheet - AST 2020 Annual Report

Read further: AST Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AusNet Services Ltd showed the company reduced the cash on balance sheet by $-184.10M (-54%). The Net tangible assets of AST on the balance sheet were at 1.24B which is $-275.60M (-18%) less than previous annual report. The total stockholder equity also decreased by $-283.50M (-9%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash155.3M339.4M
Total Assets14.28B 12.82B
Long Term Debt9.1B7.31B
Total Liabilities11.28B 9.53B
Total Shareholder Equity3.01B3.29B
Net Tangible Assets1.24B1.52B

Cash Flow Statement - AST 2020 Annual Report

The 2020 annual cash flow statement of AusNet Services Ltd showed that the net income increased by $36.80M (14%) compared to previous reporting period. Also the capital expenditure of AST decreased by $-7.20M (-1%).

As of 2020, the total cash from investing activities was -1.12B and total cash from financing activities was 219.1M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income290.7M253.9M
Capital Expenditures-900.3M-893.1M
Dividends Paid-365.7M-342.5M
Total Cash From From Investing Activities-1.12B-882.9M
Total Cash From From Financing Activities219.1M-249.6M

AusNet Services Ltd Annual Report History

Income Statement

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

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Total Revenue1.98B1.86B1.91B1.88B
Cost Of Revenue292.4M238.3M269.6M280.8M
Gross Profit1.69B1.62B1.64B1.6B
Research Development----
Selling General Administrative267.3M289.7M302.6M363.6M
Non Recurring----
Other Operating Expenses204.6M176.1M178.5M157.9M
Total Operating Expenses1.23B1.16B1.19B1.23B
Operating Income748.8M701M716.7M653.3M
Total Other Income Expense Net-333.4M-329.1M-300.1M-290M
Ebit748.8M701M716.7M653.3M
Interest Expense-311.3M-296.8M-291.7M-307M
Income Before Tax415.4M371.9M416.6M363.3M
Income Tax Expense124.7M118M125.2M108.2M
Minority Interest----
Net Income From Continuing Ops290.7M253.9M291.4M255.1M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income290.7M253.9M291.4M255.1M
Net Income Applicable To Common Shares290.7M253.9M291.4M255.1M

Balance Sheet Statement

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

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Cash155.3M339.4M658.2M328.8M
Short Term Investments249.7M---
Net Receivables226.2M212M195.3M247.4M
Inventory44.2M50.5M42.3M43.3M
Other Current Assets218.2M157.9M25.2M30.1M
Total Current Assets893.6M765.4M921.2M655.3M
Long Term Investments121.9M244.3M71.3M114.1M
Property Plant Equipment9.88B9.56B9.07B8.78B
Good Will35.8M35.8M35.8M35.8M
Intangible Assets1.73B1.73B1.74B1.74B
Other Assets1.63B473.9M682.9M432.3M
Total Assets14.28B12.82B12.52B11.76B
Accounts Payable40.7M57.6M41M48.5M
Short Long Term Debt960.7M982.2M542.6M408.5M
Other Current Liab89.6M99.8M69.6M70.3M
Long Term Debt9.1B7.31B7.29B6.57B
Other Liab719.9M808.4M748.6M702.5M
Total Current Liabilities1.37B1.4B920.5M786.1M
Total Liab11.28B9.53B8.96B8.06B
Common Stock5.36B5.23B5.17B5.15B
Retained Earnings831.3M922.9M1.05B1.1B
Treasury Stock-3.19B-2.87B-2.67B-2.56B
Other Stockholder Equity-3.19B-2.87B-2.67B-2.56B
Total Stockholder Equity3.01B3.29B3.56B3.7B
Net Tangible Assets1.24B1.52B1.78B1.92B

Cash Flow Statement

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

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Net Income290.7M253.9M291.4M255.1M
Depreciation418.4M404M390.6M376.7M
Change To Netincome-37.3M84.7M98.1M62M
Change To Liabilities----
Change To Operating Activities2.7M18.7M54.5M-200k
Total Cash From Operating Activities720.6M813.7M886.4M742.8M
Capital Expenditures-900.3M-893.1M-732.7M-888.2M
Investments-249.7M-249.7M-249.7M-249.7M
Other Cashflows From Investing Activities8.8M8.8M8.8M8.8M
Total Cashflows From Investing Activities-1.12B-882.9M-716.8M-875.1M
Dividends Paid-365.7M-342.5M-306.2M-211.9M
Net Borrowings457.6M36.7M512.3M231.6M
Total Cash From Financing Activities219.1M-249.6M159.8M19.7M
Change In Cash-184.1M-318.8M329.4M-112.6M
Issuance Of Stock127.2M59.3M59.3M59.3M