Adveritas Limited (ASX:AV1) Annual Report 2020



The latest annual report of Adveritas Limited (AV1) 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 - AV1 Annual Results

Amounts in AUD

Total Revenue
1.23M
Gross Profit
-6.4M
EBIT
-8.69M
Net Tangible Assets
7.55M
Net Income
-9.49M
Capital Expenditures
-14.97k

AV1 Income Statement 2020 Annual Report

As per the latest Income Statement of AV1, the Net revenue increased by $583634 (91%) compared to the previous period. The operating income in 2020 decreased by $-1.56M (-22%). The net income as per the annual report was -9.49M which decreased by $-2.94M (-45%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue1.23M643.58k
Gross Profit-6.4M-5.96M
Operating Income-8.69M-7.13M
Income Before Tax-9.48M-6.63M
Net Income-9.49M-6.55M

Balance Sheet - AV1 2020 Annual Report

Read further: AV1 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Adveritas Limited showed the company increased the cash on balance sheet by $6.30M (308%). The Net tangible assets of AV1 on the balance sheet were at 7.55M which is $5.43M (258%) more than previous annual report. The total stockholder equity also increased by $5.43M (253%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash8.35M2.05M
Total Assets9.59M 3.2M
Long Term Debt--
Total Liabilities2.02M 1.06M
Total Shareholder Equity7.58M2.14M
Net Tangible Assets7.55M2.11M

Cash Flow Statement - AV1 2020 Annual Report

The 2020 annual cash flow statement of Adveritas Limited showed that the net income decreased by $-2.94M (-45%) compared to previous reporting period. Also the capital expenditure of AV1 increased by $13393 (47%).

As of 2020, the total cash from investing activities was 14.49k and total cash from financing activities was 13.53M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-9.49M-6.55M
Capital Expenditures-14.97k-28.36k
Dividends Paid--
Total Cash From From Investing Activities14.49k142.88k
Total Cash From From Financing Activities13.53M4.52M

Adveritas Limited Annual Report History

Income Statement

Income Statement history of Adveritas Limited (ASX:AV1)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue1.23M643.58k-46.6k
Cost Of Revenue7.63M6.6M5.54M3.77M
Gross Profit-6.4M-5.96M-5.54M-3.73M
Research Development----
Selling General Administrative1.82M1.59M1.11M854.5k
Non Recurring----
Other Operating Expenses-1.29M-997.85k-73.31k-4.58k
Total Operating Expenses9.91M7.77M6.74M4.91M
Operating Income-8.69M-7.13M-6.74M-4.86M
Total Other Income Expense Net-789.37k503.41k-459.5k-361.61k
Ebit-8.69M-7.13M-6.74M-4.86M
Interest Expense-54.24k-54.24k-23-17
Income Before Tax-9.48M-6.63M-7.2M-5.22M
Income Tax Expense11.96k17.59k47.97k-191.15k
Minority Interest----
Net Income From Continuing Ops-9.49M-6.64M-7.25M-5.03M
Discontinued Operations-92.22k-257.81k5.45M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-9.49M-6.55M-7.51M417.21k
Net Income Applicable To Common Shares-9.49M-6.55M-7.51M417.21k

Balance Sheet Statement

Balance Sheet Statement history of Adveritas Limited (ASX:AV1)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash8.35M2.05M4.05M8.2M
Short Term Investments35.97k35.98k35.95k42.98k
Net Receivables365.09k509.18k40.64k3.44M
Total Current Assets8.92M2.74M5.36M11.87M
Property Plant Equipment644.43k59.96k70.7k142.79k
Good Will34k34k34k34k
Total Assets9.59M3.2M5.46M12.05M
Accounts Payable503.74k372.64k230.33k1.14M
Other Current Liab219.08k158.47k894k905.74k
Other Liab46.66k33.95k18.13k98.97k
Total Current Liabilities1.41M1.02M1.68M3.74M
Total Liab2.02M1.06M1.7M3.84M
Common Stock39.94M26.31M22.59M17.16M
Retained Earnings-37.57M-28.08M-21.49M-13.98M
Treasury Stock5.21M3.92M2.67M5.03M
Other Stockholder Equity5.21M3.92M2.67M5.03M
Total Stockholder Equity7.58M2.14M3.77M8.2M
Net Tangible Assets7.55M2.11M3.73M8.17M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Adveritas Limited (ASX:AV1)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-9.49M-6.55M-7.51M417.21k
Depreciation136.34k39.19k52.63k79.85k
Change To Netincome2.3M-211.48k372.17k1.07M
Change To Account Receivables-314.48k-133.79k2.39M-246.49k
Change To Liabilities39.56k-21.56k-527.65k148.82k
Change To Operating Activities92.63k25.02k67.34k196.53k
Total Cash From Operating Activities-7.23M-6.93M-5.78M2M
Capital Expenditures-14.97k-28.36k-26.03k-120.67k
Other Cashflows From Investing Activities29.46k170.34k170.34k170.34k
Total Cashflows From Investing Activities14.49k142.88k-26.03k-149.67k
Net Borrowings-59.1k61.4k-1.01M1.12M
Other Cashflows From Financing Activities-387.31k-263.25k-120k-120k
Total Cash From Financing Activities13.53M4.52M1.87M1.12M
Effect Of Exchange Rate-4.88k74.86k-28.19k-372.07k
Change In Cash6.3M-2.18M-3.97M2.6M
Issuance Of Stock13.97M4.73M3M3M
Dividends Paid----