Altech Chemicals Limited (ASX:ATC) Annual Report 2020



The latest annual report of Altech Chemicals Limited (ATC) 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 - ATC Annual Results

Amounts in AUD

Total Revenue
915.09k
Gross Profit
915.09k
EBIT
-2M
Net Tangible Assets
68.56M
Net Income
-3.52M
Capital Expenditures
-10.06M

ATC Income Statement 2020 Annual Report

As per the latest Income Statement of ATC, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 increased by $4.29M (68%). The net income as per the annual report was -3.52M which increased by $2.67M (43%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue915.09k-
Gross Profit915.09k-
Operating Income-2M-6.29M
Income Before Tax-3.52M-6.19M
Net Income-3.52M-6.19M

Balance Sheet - ATC 2020 Annual Report

Read further: ATC Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Altech Chemicals Limited showed the company reduced the cash on balance sheet by $-7.43M (-90%). The Net tangible assets of ATC on the balance sheet were at 68.56M which is $5.15M (8%) more than previous annual report. The total stockholder equity also increased by $5.15M (8%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash833.05k8.27M
Total Assets77.41M 68.58M
Long Term Debt--
Total Liabilities8.86M 5.17M
Total Shareholder Equity68.56M63.41M
Net Tangible Assets68.56M63.41M

Cash Flow Statement - ATC 2020 Annual Report

The 2020 annual cash flow statement of Altech Chemicals Limited showed that the net income increased by $2.67M (43%) compared to previous reporting period. Also the capital expenditure of ATC increased by $10.49M (51%).

As of 2020, the total cash from investing activities was -10.07M and total cash from financing activities was 5.17M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-3.52M-6.19M
Capital Expenditures-10.06M-20.55M
Dividends Paid--
Total Cash From From Investing Activities-10.07M-24.21M
Total Cash From From Financing Activities5.17M35.37M

Altech Chemicals Limited Annual Report History

Income Statement

Income Statement history of Altech Chemicals Limited (ASX:ATC)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue915.09k---
Cost Of Revenue----
Gross Profit915.09k---
Research Development----
Selling General Administrative1.4M1.87M1.9M1.75M
Non Recurring----
Other Operating Expenses1.36M1.63M1.74M1.24M
Total Operating Expenses2.91M6.29M4.66M3.84M
Operating Income-2M-6.29M-4.66M-3.84M
Total Other Income Expense Net-1.52M101.39k97.57k62.11k
Ebit-2M-6.29M-4.66M-3.84M
Interest Expense----
Income Before Tax-3.52M-6.19M-4.57M-3.78M
Income Tax Expense---12.71k
Minority Interest----
Net Income From Continuing Ops-3.52M-6.19M-4.57M-3.79M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-3.52M-6.19M-4.57M-3.79M
Net Income Applicable To Common Shares-3.52M-6.19M-4.57M-3.79M

Balance Sheet Statement

Balance Sheet Statement history of Altech Chemicals Limited (ASX:ATC)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash833.05k8.27M261.32k1.43M
Net Receivables342.87k30.51k38.78k67.25k
Other Current Assets25.69k17.14k16.67k-
Total Current Assets1.2M8.31M316.77k1.5M
Long Term Investments2.89M---
Property Plant Equipment73.32M60.26M34.36M23.28M
Total Assets77.41M68.58M34.68M24.78M
Accounts Payable4.85M4.63M2.08M1.93M
Other Current Liab2.83M59.22k45.87k47.58k
Other Liab63.92k70.91k38.94k32.83k
Total Current Liabilities8.8M5.1M3.25M7.18M
Total Liab8.86M5.17M3.29M7.21M
Common Stock89.71M81.17M45.72M28.37M
Retained Earnings-28.26M-24.74M-18.55M-13.98M
Treasury Stock7.1M6.98M4.22M3.19M
Other Stockholder Equity7.1M6.98M4.22M3.19M
Total Stockholder Equity68.56M63.41M31.39M17.57M
Net Tangible Assets68.56M63.41M31.39M17.57M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Altech Chemicals Limited (ASX:ATC)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-3.52M-6.19M-4.57M-3.79M
Depreciation22.67k31.12k9.69k47.99k
Change To Netincome1.68M2.83M1.15M796.27k
Change To Account Receivables-16.65k-15.23k24.47k677.62k
Change To Liabilities-731.26k101.47k1.03M-193.08k
Change To Operating Activities20.23k77.57k31.8k70.49k
Total Cash From Operating Activities-2.54M-3.16M-2.32M-2.39M
Capital Expenditures-10.06M-20.55M-8.26M-11.64M
Investments-821.02k-821.02k-821.02k-821.02k
Other Cashflows From Investing Activities815.09k73.8k298.49k494.44k
Total Cashflows From Investing Activities-10.07M-24.21M-16.07M-12.04M
Net Borrowings-2.33M-3.16M-3.16M-3.16M
Total Cash From Financing Activities5.17M35.37M17.21M14.25M
Change In Cash-7.43M8.01M-1.17M-186.49k
Issuance Of Stock7.51M35.37M17.22M14.25M
Dividends Paid----