Atlas Pearls Limited (ASX:ATP) Annual Report 2022



The latest annual report of Atlas Pearls Limited (ATP) was published on 30 Jun 2022. 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
21.51M
Gross Profit
9.94M
EBIT
3.82M
Net Tangible Assets
24.36M
Net Income
4.59M
Capital Expenditures
-1.6M

ATP Income Statement 2022 Annual Report

As per the latest Income Statement of ATP, the Net revenue increased by $3.23M (18%) compared to the previous period. The operating income in 2022 decreased by $-890507 (-19%). The net income as per the annual report was 4.59M which decreased by $-2.13M (-32%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 21.51M 18.28M
Gross Profit 9.94M 9.75M
Operating Income 3.82M 4.71M
Income Before Tax 5.43M 8.08M
Net Income 4.59M 6.72M

Balance Sheet - ATP 2022 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 $-27180 (-1%). The Net tangible assets of ATP on the balance sheet were at 24.36M which is $6.02M (33%) more than previous annual report. The total stockholder equity also increased by $5.95M (32%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 3M 3.02M
Total Assets 31.52M 28.05M
Long Term Debt - 1.22M
Total Liabilities 7.14M 9.63M
Total Shareholder Equity 24.37M 18.42M
Net Tangible Assets 24.36M 18.34M

Cash Flow Statement - ATP 2022 Annual Report

The 2022 annual cash flow statement of Atlas Pearls Limited showed that the net income decreased by $-2.13M (-32%) compared to previous reporting period. Also the capital expenditure of ATP decreased by $-348583 (-28%).

As of 2022, the total cash from investing activities was -1.6M and total cash from financing activities was -3.15M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 4.59M 6.72M
Capital Expenditures -1.6M -1.25M
Dividends Paid - -
Total Cash From From Investing Activities -1.6M -1.25M
Total Cash From From Financing Activities -3.15M -544.64k

Atlas Pearls Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 21.51M 18.28M 13.74M 16.24M
Cost Of Revenue 11.57M 8.53M 10.97M 12.22M
Gross Profit 9.94M 9.75M 2.77M 4.03M
Research Development - - - -
Selling General Administrative 5.44M 4.8M 5.31M 5.86M
Non Recurring - - - -
Other Operating Expenses 601.31k 236.66k 583.24k 245.26k
Total Operating Expenses 17.69M 13.57M 16.9M 18.45M
Operating Income 3.82M 4.71M -3.16M -2.21M
Total Other Income Expense Net 1.61M 3.36M -3.81M 1.04M
Ebit 3.82M 4.71M -3.16M -2.21M
Interest Expense -249.84k -445.84k -368.3k -373.35k
Income Before Tax 5.43M 8.08M -6.98M -1.17M
Income Tax Expense 836.12k 1.36M 1.1M 2.41M
Minority Interest - - - -
Net Income From Continuing Ops 4.59M 6.72M -8.08M -3.58M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 4.59M 6.72M -8.08M -3.58M
Net Income Applicable To Common Shares 4.59M 6.72M -8.08M -3.58M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 3M 3.02M 718.3k 1.02M
Net Receivables 240.05k 526.39k 358.36k 791.8k
Inventory 3.17M 714.95k 1.72M 2.23M
Other Current Assets 9.76M 10.42M 5.41M 7.32M
Total Current Assets 16.17M 14.68M 8.21M 11.36M
Property Plant Equipment 14.48M 12.49M 13.23M 15.25M
Intangible Assets 18.56k 87.38k 173.41k 243.9k
Other Assets 854.11k 793k 689.87k 4.38M
Deferred Long Term Asset Charges 854.11k 791.08k 689.87k 3.02M
Total Assets 31.52M 28.05M 22.3M 31.23M
Accounts Payable 311.79k 289.9k 573.73k 822.72k
Short Long Term Debt 1.12M 2.97M 4.27M 2.87M
Other Current Liab 3.63M 3.54M 3.01M 2.77M
Other Liab 1.8M 1.28M 225.4k 2.1M
Total Current Liabilities 5.12M 6.86M 8.12M 6.47M
Total Liab 7.14M 9.63M 8.66M 9.32M
Common Stock 36.86M 36.86M 36.86M 36.86M
Retained Earnings -4.12M -8.71M -15.43M -7.19M
Treasury Stock -8.37M -9.72M -7.79M -7.76M
Other Stockholder Equity -8.37M -9.72M -7.79M -7.76M
Total Stockholder Equity 24.37M 18.42M 13.64M 21.91M
Net Tangible Assets 24.36M 18.34M 13.47M 21.67M
Long Term Debt - 1.22M 250k 750k

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 4.59M 6.72M -8.08M -3.58M
Depreciation 312.26k 473.17k 626.01k 297.25k
Change To Netincome -2.23M -2.94M 8.38M 3.35M
Change To Account Receivables 200.62k -64.56k 1.73M 149.77k
Change To Liabilities 257.01k -322.96k -210.46k 420.9k
Change To Inventory 2.25M 633.66k -2.29M 1.34M
Change To Operating Activities 50.35k 323.29k 241.31k 408.71k
Total Cash From Operating Activities 4.99M 3.77M -1.29M 763.85k
Capital Expenditures -1.6M -1.25M -946.33k -1.14M
Total Cashflows From Investing Activities -1.6M -1.25M 424.35k -1.34M
Net Borrowings -3.15M -544.64k 92.02k -672.85k
Total Cash From Financing Activities -3.15M -544.64k 92.02k -672.85k
Effect Of Exchange Rate -260.38k 327.22k 477.77k 989.31k
Change In Cash -27.18k 2.3M -298.92k -261.65k
Dividends Paid - - - -