Accent Group Limited (ASX:AX1) Annual Report 2020



The latest annual report of Accent Group Limited (AX1) was published on 28 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 - AX1 Annual Results

Amounts in AUD

Total Revenue
829.8M
Gross Profit
473.39M
EBIT
89.91M
Net Tangible Assets
50.63M
Net Income
55.68M
Capital Expenditures
-23.84M

AX1 Income Statement 2020 Annual Report

As per the latest Income Statement of AX1, the Net revenue increased by $33.54M (4%) compared to the previous period. The operating income in 2020 increased by $8.39M (10%). The net income as per the annual report was 55.68M which increased by $1.81M (3%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue829.8M796.26M
Gross Profit473.39M456.92M
Operating Income89.91M81.52M
Income Before Tax80.33M77.02M
Net Income55.68M53.87M

Balance Sheet - AX1 2020 Annual Report

Read further: AX1 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Accent Group Limited showed the company increased the cash on balance sheet by $18.21M (50%). The Net tangible assets of AX1 on the balance sheet were at 50.63M which is $183000 (0%) more than previous annual report. The total stockholder equity also increased by $5.87M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash54.91M36.7M
Total Assets956.24M 656.05M
Long Term Debt71.12M56.12M
Total Liabilities547.02M 252.72M
Total Shareholder Equity409.21M403.34M
Net Tangible Assets50.63M50.44M

Cash Flow Statement - AX1 2020 Annual Report

The 2020 annual cash flow statement of Accent Group Limited showed that the net income increased by $1.81M (3%) compared to previous reporting period. Also the capital expenditure of AX1 increased by $1.00M (4%).

As of 2020, the total cash from investing activities was -32.79M and total cash from financing activities was -115.22M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income55.68M53.87M
Capital Expenditures-23.84M-24.84M
Dividends Paid-48.76M-44.65M
Total Cash From From Investing Activities-32.79M-36.64M
Total Cash From From Financing Activities-115.22M-30.46M

Accent Group Limited Annual Report History

Income Statement

Income Statement history of Accent Group Limited (ASX:AX1)

28 Jun 202030 Jun 201901 Jul 201802 Jul 2017
Total Revenue829.8M796.26M702.38M636.15M
Cost Of Revenue356.42M339.34M305.49M286.92M
Gross Profit473.39M456.92M396.89M349.23M
Research Development----
Selling General Administrative237.78M310.44M273.68M245.66M
Non Recurring----
Other Operating Expenses39.85M36.69M34.38M26.66M
Total Operating Expenses739.9M714.74M637.68M580.91M
Operating Income89.91M81.52M64.69M55.24M
Total Other Income Expense Net-9.58M-4.5M-3.77M-13.82M
Ebit89.91M81.52M64.69M55.24M
Interest Expense-15.7M-4.03M-4.58M-4.05M
Income Before Tax80.33M77.02M60.92M41.42M
Income Tax Expense24.65M23.13M16.92M12.07M
Minority Interest--973k1.74M
Net Income From Continuing Ops55.68M53.89M44M29.35M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income55.68M53.87M43.96M29.16M
Net Income Applicable To Common Shares55.68M53.87M43.96M29.16M

Balance Sheet Statement

Balance Sheet Statement history of Accent Group Limited (ASX:AX1)

28 Jun 202030 Jun 201901 Jul 201802 Jul 2017
Cash54.91M36.7M38.77M46.28M
Net Receivables42.08M29.8M18.37M19.86M
Inventory129.11M131.47M98.56M111.95M
Other Current Assets203k3.8M4.76M876k
Total Current Assets230.6M203.76M161.68M181.34M
Property Plant Equipment330.73M86.17M74.66M74.8M
Good Will311.23M304.15M295.01M294.33M
Intangible Assets47.36M48.74M51.08M53.43M
Other Assets36.32M13.24M23.33M19.21M
Deferred Long Term Asset Charges19.25M13.24M22.31M18.5M
Total Assets956.24M656.05M605.76M623.1M
Accounts Payable24.5M57.08M39.72M55.94M
Short Long Term Debt5M10.51M22.88M4.5M
Other Current Liab52.48M39.39M28.27M25.17M
Long Term Debt71.12M56.12M51.18M89.33M
Other Liab4.44M29.49M35.05M36.28M
Total Current Liabilities234.58M167.1M127.62M126.83M
Total Liab547.02M252.72M213.85M252.45M
Common Stock390.93M391.34M391.9M392.75M
Retained Earnings1.14M1.43M-8.18M-19.6M
Treasury Stock17.15M10.56M7.23M-4.23M
Other Stockholder Equity18.47M13.15M12.15M3.21M
Total Stockholder Equity409.21M403.34M390.94M368.92M
Net Tangible Assets50.63M50.44M44.85M21.16M

Cash Flow Statement

Cash Flow Statement history of Accent Group Limited (ASX:AX1)

28 Jun 202030 Jun 201901 Jul 201802 Jul 2017
Net Income55.68M53.87M43.96M29.16M
Depreciation105.84M28.27M24.13M21.4M
Change To Netincome-5.09M-5.12M-5.21M10.58M
Change To Account Receivables-5.94M-11.74M3.74M5.35M
Change To Liabilities11.62M33.33M-9.95M1.39M
Change To Inventory4.56M-32.91M13.39M-22.46M
Total Cash From Operating Activities166.67M65.69M70.07M45.42M
Capital Expenditures-23.84M-24.84M-15.93M-23.89M
Total Cashflows From Investing Activities-32.79M-36.64M-16.32M-54.75M
Dividends Paid-48.76M-44.65M-32.54M-32.48M
Net Borrowings-67.31M12.5M-29.5M40M
Total Cash From Financing Activities-115.22M-30.46M-60.27M10.5M
Effect Of Exchange Rate-445k-658k-388k-62k
Change In Cash18.21M-2.07M-6.91M1.11M
Issuance Of Stock844k1.78M1.85M3.06M