Atlas Pearls Limited (ASX:ATP) Annual Report 2020



The latest annual report of Atlas Pearls Limited (ATP) 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 - ATP Annual Results

Amounts in AUD

Total Revenue
13.74M
Gross Profit
2.77M
EBIT
-3.16M
Net Tangible Assets
13.47M
Net Income
-8.08M
Capital Expenditures
-946.33k

ATP Income Statement 2020 Annual Report

As per the latest Income Statement of ATP, the Net revenue decreased by $-2.50M (-15%) compared to the previous period. The operating income in 2020 decreased by $-953624 (-43%). The net income as per the annual report was -8.08M which decreased by $-4.49M (-125%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue13.74M16.24M
Gross Profit2.77M4.03M
Operating Income-3.16M-2.21M
Income Before Tax-6.98M-1.17M
Net Income-8.08M-3.58M

Balance Sheet - ATP 2020 Annual Report

Read further: ATP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Atlas Pearls Limited showed the company reduced the cash on balance sheet by $-298918 (-29%). The Net tangible assets of ATP on the balance sheet were at 13.47M which is $-8.20M (-38%) less than previous annual report. The total stockholder equity also decreased by $-8.27M (-38%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash718.3k1.02M
Total Assets22.3M 31.23M
Long Term Debt313.63k750k
Total Liabilities8.66M 9.32M
Total Shareholder Equity13.64M21.91M
Net Tangible Assets13.47M21.67M

Cash Flow Statement - ATP 2020 Annual Report

The 2020 annual cash flow statement of Atlas Pearls Limited showed that the net income decreased by $-4.49M (-125%) compared to previous reporting period. Also the capital expenditure of ATP increased by $198548 (17%).

As of 2020, the total cash from investing activities was 424.35k and total cash from financing activities was 92.02k.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-8.08M-3.58M
Capital Expenditures-946.33k-1.14M
Dividends Paid--
Total Cash From From Investing Activities424.35k-1.34M
Total Cash From From Financing Activities92.02k-672.85k

Atlas Pearls Limited Annual Report History

Income Statement

Income Statement history of Atlas Pearls Limited (ASX:ATP)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue13.74M16.24M14.16M16.36M
Cost Of Revenue10.97M12.22M9.23M9.2M
Gross Profit2.77M4.03M4.93M7.15M
Research Development----
Selling General Administrative5.31M5.86M5.93M6.63M
Non Recurring----
Other Operating Expenses583.24k245.26k318.97k173.3k
Total Operating Expenses16.9M18.45M15.48M16.03M
Operating Income-3.16M-2.21M-1.32M327.12k
Total Other Income Expense Net-3.81M1.04M-661.39k477.36k
Ebit-3.16M-2.21M-1.32M327.12k
Interest Expense-368.3k-373.35k-331.39k-462.68k
Income Before Tax-6.98M-1.17M-1.98M804.49k
Income Tax Expense1.1M2.41M49.98k-96.09k
Minority Interest----
Net Income From Continuing Ops-8.08M-3.58M-2.03M900.58k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-8.08M-3.58M-2.03M900.58k
Net Income Applicable To Common Shares-8.08M-3.58M-2.03M900.58k

Balance Sheet Statement

Balance Sheet Statement history of Atlas Pearls Limited (ASX:ATP)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash718.3k1.02M1.28M2.18M
Net Receivables358.36k791.8k872.87k856.38k
Inventory1.72M2.23M1.97M1.51M
Other Current Assets5.41M7.32M9.21M8.88M
Total Current Assets8.21M11.36M13.33M13.43M
Property Plant Equipment13.23M15.25M13.12M15.77M
Intangible Assets173.41k243.9k--
Other Assets689.87k4.38M5.26M4.97M
Deferred Long Term Asset Charges689.87k3.02M4M3.64M
Total Assets22.3M31.23M31.71M34.18M
Accounts Payable573.73k822.72k553.76k520.96k
Short Long Term Debt4.27M2.87M2.31M278.72k
Other Current Liab3.01M2.77M287.15k704.95k
Long Term Debt313.63k750k1.75M3.25M
Other Liab225.4k2.1M1.34M1.33M
Total Current Liabilities8.12M6.47M4.73M3.15M
Total Liab8.66M9.32M7.81M7.74M
Common Stock36.86M36.86M36.86M36.86M
Retained Earnings-15.43M-7.19M-3.61M-1.57M
Treasury Stock-7.79M-7.76M-9.35M-8.84M
Other Stockholder Equity-7.79M-7.76M-9.35M-8.84M
Total Stockholder Equity13.64M21.91M23.9M26.44M
Net Tangible Assets13.47M21.67M23.9M26.44M

Cash Flow Statement

Cash Flow Statement history of Atlas Pearls Limited (ASX:ATP)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-8.08M-3.58M-2.03M900.58k
Depreciation626.01k297.25k255.6k470.03k
Change To Netincome8.38M3.35M961.52k-69.81k
Change To Account Receivables1.73M149.77k-29.55k-130.37k
Change To Liabilities-210.46k420.9k-188.88k53.22k
Change To Inventory-2.29M1.34M950.45k-340.22k
Change To Operating Activities241.31k408.71k37.6k50.04k
Total Cash From Operating Activities-1.29M763.85k-701.08k-70.08k
Capital Expenditures-946.33k-1.14M-675.79k-1.31M
Investments1.5M1.5M1.5M-221.75k
Total Cashflows From Investing Activities424.35k-1.34M-675.79k-1.53M
Net Borrowings92.02k-672.85k427.79k-490.9k
Total Cash From Financing Activities92.02k-672.85k427.79k-490.9k
Effect Of Exchange Rate477.77k989.31k42.99k-68.53k
Change In Cash-298.92k-261.65k-906.1k-2.16M
Dividends Paid----