Ascension Capital Limited (NZX:ACE) Annual Report 2022



The latest annual report of Ascension Capital Limited (ACE) was published on 31 Mar 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 - ACE Annual Results

Amounts in NZD

Total Revenue
161
Gross Profit
161
EBIT
-149.65k
Net Tangible Assets
-635.21k
Net Income
-171.17k
Capital Expenditures
-

ACE Income Statement 2022 Annual Report

As per the latest Income Statement of ACE, the Net revenue decreased by $-239 (-60%) compared to the previous period. The operating income in 2022 decreased by $-22574 (-18%). The net income as per the annual report was -171.17k which decreased by $-20640 (-14%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue161400
Gross Profit161400
Operating Income-149.65k-127.08k
Income Before Tax-171.17k-150.53k
Net Income-171.17k-150.53k

Balance Sheet - ACE 2022 Annual Report

Read further: ACE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Ascension Capital Limited showed the company reduced the cash on balance sheet by $-45005 (-92%). The Net tangible assets of ACE on the balance sheet were at -635.21k which is $-171171 (-37%) less than previous annual report. The total stockholder equity also decreased by $-171171 (-37%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash4.08k49.09k
Total Assets29.18k 74.57k
Long Term Debt--
Total Liabilities664.39k 538.61k
Total Shareholder Equity-635.21k-464.04k
Net Tangible Assets-635.21k-464.04k

Cash Flow Statement - ACE 2022 Annual Report

The 2022 annual cash flow statement of Ascension Capital Limited showed that the net income decreased by $-20640 (-14%) compared to previous reporting period. Also the capital expenditure of ACE increased by $NaN (NaN%).

As of 2022, the total cash from investing activities was - and total cash from financing activities was 45k.

Cash Flow Statement Report (2022/2021)

20222021
Net Income-171.17k-150.53k
Capital Expenditures--
Dividends Paid--
Total Cash From From Investing Activities--
Total Cash From From Financing Activities45k145.54k

Ascension Capital Limited Annual Report History

Income Statement

Income Statement history of Ascension Capital Limited (NZX:ACE)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue16140095.34k3k
Cost Of Revenue----
Gross Profit16140095.34k3k
Research Development----
Selling General Administrative149.81k127.48k61.75k168k
Non Recurring----
Other Operating Expenses----
Total Operating Expenses149.81k127.48k61.75k168k
Operating Income-149.65k-127.08k33.59k-165k
Total Other Income Expense Net-21.52k-23.45k-18.66k-28k
Ebit-149.65k-127.08k33.59k-165k
Interest Expense-521-521-521-521
Income Before Tax-171.17k-150.53k14.93k-193k
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-171.17k-150.53k14.93k-193k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-171.17k-150.53k14.93k-193k
Net Income Applicable To Common Shares-171.17k-150.53k14.93k-193k

Balance Sheet Statement

Balance Sheet Statement history of Ascension Capital Limited (NZX:ACE)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash4.08k49.09k15.68k11k
Short Term Investments20.73k20.57k20.24k75k
Net Receivables2718122762k
Total Current Assets29.18k74.57k40.29k94k
Total Assets29.18k74.57k40.29k94k
Accounts Payable1.96k5.7k20.19k132k
Other Current Liab190k110k103.25k76k
Total Current Liabilities664.39k538.61k499.35k688k
Total Liab664.39k538.61k499.35k688k
Common Stock16.07M16.07M15.93M15.81M
Retained Earnings-16.71M-16.54M-16.39M-16.4M
Total Stockholder Equity-635.21k-464.04k-459.06k-594k
Net Tangible Assets-635.21k-464.04k-459.06k-594k
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Ascension Capital Limited (NZX:ACE)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income-171.17k-150.53k14.93k-193k
Change To Netincome360-331-331-331
Change To Account Receivables471-7424.37k4.37k
Change To Liabilities26529.26k-69.4k122k
Change To Operating Activities80k10k10k10k
Total Cash From Operating Activities-90k-112.14k-50.1k-71k
Net Borrowings45k45k45k40k
Total Cash From Financing Activities45k145.54k145.54k40k
Change In Cash-45.01k33.41k4.66k-31k
Capital Expenditures----
Dividends Paid----
Total Cashflows From Investing Activities--54.76k54.76k