AFC Group Holdings Limited (NZX:AFC) Annual Report 2021



The latest annual report of AFC Group Holdings Limited (AFC) was published on 31 Mar 2021. 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 - AFC Annual Results

Amounts in NZD

Total Revenue
646.91k
Gross Profit
-247.35k
EBIT
-1.26M
Net Tangible Assets
1.73M
Net Income
-632.46k
Capital Expenditures
-

AFC Income Statement 2021 Annual Report

As per the latest Income Statement of AFC, the Net revenue decreased by $-588021 (-48%) compared to the previous period. The operating income in 2021 decreased by $-139036 (-12%). The net income as per the annual report was -632.46k which decreased by $-16913 (-3%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue646.91k1.23M
Gross Profit-247.35k169.92k
Operating Income-1.26M-1.13M
Income Before Tax-1.27M-1.17M
Net Income-632.46k-615.55k

Balance Sheet - AFC 2021 Annual Report

Read further: AFC Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AFC Group Holdings Limited showed the company reduced the cash on balance sheet by $-194530 (-98%). The Net tangible assets of AFC on the balance sheet were at 1.73M which is $-632313 (-27%) less than previous annual report. The total stockholder equity also decreased by $-632463 (-27%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash3.38k197.91k
Total Assets2.74M 4M
Long Term Debt53.4k-
Total Liabilities1.45M 1.44M
Total Shareholder Equity1.73M2.36M
Net Tangible Assets1.73M2.36M

Cash Flow Statement - AFC 2021 Annual Report

The 2021 annual cash flow statement of AFC Group Holdings Limited showed that the net income decreased by $-16913 (-3%) compared to previous reporting period. Also the capital expenditure of AFC increased by $NaN (NaN%).

As of 2021, the total cash from investing activities was 1.74k and total cash from financing activities was 25.16k.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-632.46k-615.55k
Capital Expenditures--4.18k
Dividends Paid--
Total Cash From From Investing Activities1.74k-1.76k
Total Cash From From Financing Activities25.16k144.94k

AFC Group Holdings Limited Annual Report History

Income Statement

Income Statement history of AFC Group Holdings Limited (NZX:AFC)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue646.91k1.23M2.6M6.51M
Cost Of Revenue894.26k1.07M1.44M5.15M
Gross Profit-247.35k169.92k1.17M1.36M
Research Development----
Selling General Administrative1.1M1.44M2.15M2.05M
Non Recurring----
Other Operating Expenses-83.66k-86.72k-20.82k-70.48k
Total Operating Expenses1.91M2.36M3.59M7.15M
Operating Income-1.26M-1.13M-983.77k-644.84k
Total Other Income Expense Net-7.18k-44.92k3.63k172.02k
Ebit-1.26M-1.13M-983.77k-644.84k
Interest Expense-69.34k-49.12k-100-13.99k
Income Before Tax-1.27M-1.17M-980.15k-472.82k
Income Tax Expense----
Minority Interest-437.71k201.68k756.68k1.15M
Net Income From Continuing Ops-1.27M-1.17M-980.15k-472.82k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-632.46k-615.55k-583.18k-412.41k
Net Income Applicable To Common Shares-632.46k-615.55k-583.18k-412.41k

Balance Sheet Statement

Balance Sheet Statement history of AFC Group Holdings Limited (NZX:AFC)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash3.38k197.91k240.65k665.78k
Net Receivables204.01k467.22k1.01M1.45M
Inventory491.87k884.68k1.21M1.31M
Other Current Assets10.34k6.4k132131.05k
Total Current Assets753.87k1.62M2.56M3.59M
Property Plant Equipment1.98M2.39M1.83M1.91M
Intangible Assets8581.01k1.16k2.25k
Total Assets2.74M4M4.39M5.5M
Accounts Payable275.7k208.81k480.08k537.98k
Other Current Liab39.33k153.79k17.2k37.63k
Long Term Debt53.4k---
Minority Interest-437.71k201.68k756.68k1.15M
Total Current Liabilities1.03M918.26k653.59k787.47k
Total Liab1.45M1.44M653.59k787.47k
Common Stock28.68M28.68M28.68M28.68M
Retained Earnings-26.95M-26.32M-25.7M-25.12M
Total Stockholder Equity1.73M2.36M2.98M3.56M
Net Tangible Assets1.73M2.36M2.98M3.56M

Cash Flow Statement

Cash Flow Statement history of AFC Group Holdings Limited (NZX:AFC)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income-632.46k-615.55k-583.18k-412.41k
Depreciation240.09k246.99k109.07k196.87k
Change To Netincome-72.51k-218.83k-207.9k-64.33k
Change To Account Receivables119.4k-71.39k353.63k121.46k
Change To Liabilities-106.08k54.02k-117.11k-910.32k
Change To Inventory-14.8k31.06k-81.97k-73.37k
Change To Operating Activities238k423.86k132.92k979.44k
Total Cash From Operating Activities-228.36k-149.84k-394.53k-162.66k
Total Cashflows From Investing Activities1.74k-1.76k-24.92k-43.26k
Net Borrowings25.16k144.94k144.94k-119.7k
Total Cash From Financing Activities25.16k144.94k144.94k80.3k
Effect Of Exchange Rate6.93k-36.08k-5.68k13.55k
Change In Cash-194.53k-42.74k-425.13k-112.06k
Capital Expenditures--4.18k-25.98k-41.76k
Dividends Paid----