AFC Group Holdings Limited (NZX:AFC) Annual Report 2022



The latest annual report of AFC Group Holdings Limited (AFC) 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 - AFC Annual Results

Amounts in NZD

Total Revenue
415.02k
Gross Profit
31.05k
EBIT
-854.72k
Net Tangible Assets
1.32M
Net Income
-410.22k
Capital Expenditures
-4.4k

AFC Income Statement 2022 Annual Report

As per the latest Income Statement of AFC, the Net revenue decreased by $-231887 (-36%) compared to the previous period. The operating income in 2022 increased by $409950 (32%). The net income as per the annual report was -410.22k which increased by $222244 (35%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 415.02k 646.91k
Gross Profit 31.05k -247.35k
Operating Income -854.72k -1.26M
Income Before Tax -738.42k -1.27M
Net Income -410.22k -632.46k

Balance Sheet - AFC 2022 Annual Report

Read further: AFC Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AFC Group Holdings Limited showed the company increased the cash on balance sheet by $11076 (328%). The Net tangible assets of AFC on the balance sheet were at 1.32M which is $-410069 (-24%) less than previous annual report. The total stockholder equity also decreased by $-410219 (-24%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 14.45k 3.38k
Total Assets 1.87M 2.74M
Long Term Debt 53.4k 53.4k
Total Liabilities 1.31M 1.45M
Total Shareholder Equity 1.32M 1.73M
Net Tangible Assets 1.32M 1.73M

Cash Flow Statement - AFC 2022 Annual Report

The 2022 annual cash flow statement of AFC Group Holdings Limited showed that the net income increased by $222244 (35%) compared to previous reporting period. Also the capital expenditure of AFC increased by $0 (0%).

As of 2022, the total cash from investing activities was -4.4k and total cash from financing activities was 147.44k.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -410.22k -632.46k
Capital Expenditures -4.4k -4.4k
Dividends Paid - -
Total Cash From From Investing Activities -4.4k 1.74k
Total Cash From From Financing Activities 147.44k 25.16k

AFC Group Holdings Limited Annual Report History

Income Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 415.02k 646.91k 1.23M 2.6M
Cost Of Revenue 383.97k 894.26k 1.07M 1.44M
Gross Profit 31.05k -247.35k 169.92k 1.17M
Research Development - - - -
Selling General Administrative 931.17k 1.1M 1.44M 2.15M
Non Recurring - - - -
Other Operating Expenses -45.58k -83.66k -86.72k -20.82k
Total Operating Expenses 1.27M 1.91M 2.36M 3.59M
Operating Income -854.72k -1.26M -1.13M -983.77k
Total Other Income Expense Net 116.29k -7.18k -44.92k 3.63k
Ebit -854.72k -1.26M -1.13M -983.77k
Interest Expense -87.66k -69.34k -49.12k -100
Income Before Tax -738.42k -1.27M -1.17M -980.15k
Income Tax Expense - - - -
Minority Interest -765.91k -437.71k 201.68k 756.68k
Net Income From Continuing Ops -738.42k -1.27M -1.17M -980.15k
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -410.22k -632.46k -615.55k -583.18k
Net Income Applicable To Common Shares -410.22k -632.46k -615.55k -583.18k

Balance Sheet Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 14.45k 3.38k 197.91k 240.65k
Net Receivables 14.41k 204.01k 467.22k 1.01M
Inventory 352.16k 491.87k 884.68k 1.21M
Total Current Assets 424.56k 753.87k 1.62M 2.56M
Property Plant Equipment 1.44M 1.98M 2.39M 1.83M
Intangible Assets 708 858 1.01k 1.16k
Total Assets 1.87M 2.74M 4M 4.39M
Accounts Payable 319.89k 275.7k 208.81k 480.08k
Other Current Liab 49.83k 39.33k 153.79k 17.2k
Long Term Debt 53.4k 53.4k - -
Minority Interest -765.91k -437.71k 201.68k 756.68k
Total Current Liabilities 1.26M 1.03M 918.26k 653.59k
Total Liab 1.31M 1.45M 1.44M 653.59k
Common Stock 28.68M 28.68M 28.68M 28.68M
Retained Earnings -27.36M -26.95M -26.32M -25.7M
Total Stockholder Equity 1.32M 1.73M 2.36M 2.98M
Net Tangible Assets 1.32M 1.73M 2.36M 2.98M

Cash Flow Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income -410.22k -632.46k -615.55k -583.18k
Depreciation 200.29k 240.09k 246.99k 109.07k
Change To Netincome -217.67k -72.51k -218.83k -207.9k
Change To Account Receivables 46.92k 119.4k -71.39k 353.63k
Change To Liabilities 53.08k -106.08k 54.02k -117.11k
Change To Inventory 31.4k -14.8k 31.06k -81.97k
Change To Operating Activities 170.37k 238k 423.86k 132.92k
Total Cash From Operating Activities -125.83k -228.36k -149.84k -394.53k
Capital Expenditures -4.4k -4.4k -4.18k -25.98k
Total Cashflows From Investing Activities -4.4k 1.74k -1.76k -24.92k
Net Borrowings 147.44k 25.16k 144.94k 144.94k
Total Cash From Financing Activities 147.44k 25.16k 144.94k 144.94k
Effect Of Exchange Rate -6.13k 6.93k -36.08k -5.68k
Change In Cash 11.08k -194.53k -42.74k -425.13k
Dividends Paid - - - -