Australian Foundation Investment Company Limited (NZX:AFI) Annual Report 2021

The latest annual report of Australian Foundation Investment Company Limited (AFI) was published on 30 Jun 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 - AFI Annual Results

^{Amounts in AUD}

Total Revenue

262.82M

Gross Profit

262.82M

EBIT

247.31M

Net Tangible Assets

7.56B

Net Income

234.65M

Capital Expenditures

AFI Income Statement 2021 Annual Report

As per the latest Income Statement of AFI, the Net revenue decreased by $-1.49M (-1%) compared to the previous period. The operating income in 2021 decreased by $-2.24M (-1%). The net income as per the annual report was 234.65M which decreased by $-5.28M (-2%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	262.82M	264.31M
Gross Profit	262.82M	264.31M
Operating Income	247.31M	249.55M
Income Before Tax	247.95M	258.24M
Net Income	234.65M	239.93M

Balance Sheet - AFI 2021 Annual Report

Read further: AFI Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Australian Foundation Investment Company Limited showed the company reduced the cash on balance sheet by $-14.20M (-13%). The Net tangible assets of AFI on the balance sheet were at 7.56B which is $1.318061B (21%) more than previous annual report. The total stockholder equity also increased by $1.318061B (21%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	97.12M	111.32M
Total Assets	9.12B	7.25B
Long Term Debt	-	-
Total Liabilities	1.56B	1.01B
Total Shareholder Equity	7.56B	6.24B
Net Tangible Assets	7.56B	6.24B

Cash Flow Statement - AFI 2021 Annual Report

The 2021 annual cash flow statement of Australian Foundation Investment Company Limited showed that the net income decreased by $-5.28M (-2%) compared to previous reporting period. Also the capital expenditure of AFI increased by $NaN (NaN%).

As of 2021, the total cash from investing activities was 28.98M and total cash from financing activities was -221.95M.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	234.65M	239.93M
Capital Expenditures	-	-
Dividends Paid	-221.8M	-223.43M
Total Cash From From Investing Activities	28.98M	-126.18M
Total Cash From From Financing Activities	-221.95M	-223.57M

Australian Foundation Investment Company Limited Annual Report History

Income Statement

Income Statement history of Australian Foundation Investment Company Limited (NZX:AFI)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Total Revenue	262.82M	264.31M	441.35M	308.5M
Cost Of Revenue	-	-	-	-
Gross Profit	262.82M	264.31M	441.35M	308.5M
Research Development	-	-	-	-
Selling General Administrative	15.51M	14.76M	14.31M	14.53M
Non Recurring	-	-	-	-
Other Operating Expenses	-	-	-	-
Total Operating Expenses	15.51M	14.76M	14.31M	14.53M
Operating Income	247.31M	249.55M	427.04M	293.97M
Total Other Income Expense Net	641k	8.69M	-5.51M	-584k
Ebit	247.31M	249.55M	427.04M	293.97M
Interest Expense	-1.83M	-1.05M	-826k	-848k
Income Before Tax	247.95M	258.24M	421.53M	293.38M
Income Tax Expense	12.86M	17.85M	15.16M	14.38M
Minority Interest	1.07M	622k	1.16M	717k
Net Income From Continuing Ops	235.09M	240.4M	406.37M	279.01M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	234.65M	239.93M	405.93M	278.71M
Net Income Applicable To Common Shares	234.65M	239.93M	405.93M	278.71M

Balance Sheet Statement

Balance Sheet Statement history of Australian Foundation Investment Company Limited (NZX:AFI)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Cash	97.12M	111.32M	206.43M	99.18M
Net Receivables	40.01M	17.35M	40.13M	77.23M
Total Current Assets	141.88M	132.97M	246.56M	176.42M
Long Term Investments	8.97B	7.12B	7.57B	7.28B
Other Assets	59k	872k	-	1.26M
Deferred Long Term Asset Charges	59k	872k	-	1.26M
Total Assets	9.12B	7.25B	7.82B	7.46B
Other Current Liab	18.88M	36.42M	29.13M	20.1M
Other Liab	1.54B	974.87M	1.17B	1.1B
Minority Interest	1.07M	622k	1.16M	717k
Total Current Liabilities	18.88M	36.42M	29.13M	20.2M
Total Liab	1.56B	1.01B	1.19B	1.12B
Common Stock	3.01B	2.95B	2.89B	2.81B
Retained Earnings	4.55B	3.29B	3.74B	3.53B
Total Stockholder Equity	7.56B	6.24B	6.62B	6.34B
Net Tangible Assets	7.56B	6.24B	6.62B	6.34B
Long Term Debt	-	-	-	-

Cash Flow Statement

Cash Flow Statement history of Australian Foundation Investment Company Limited (NZX:AFI)

	30 Jun 2021	30 Jun 2020	30 Jun 2019	30 Jun 2018
Net Income	234.65M	239.93M	405.93M	278.71M
Change To Netincome	-25.4M	-10.14M	-74.02M	-6.11M
Change To Account Receivables	-12.79M	22.78M	9.61M	-2.86M
Change To Liabilities	949k	-1.02M	1.58M	-1.04M
Change To Operating Activities	-57k	706k	-417k	-27k
Total Cash From Operating Activities	178.77M	254.63M	351.76M	281.16M
Investments	52.78M	-105.78M	58.02M	-64.64M
Other Cashflows From Investing Activities	-23.8M	-20.39M	-6.41M	-6.41M
Total Cashflows From Investing Activities	28.98M	-126.18M	51.62M	-64.64M
Dividends Paid	-221.8M	-223.43M	-295.89M	-222.43M
Other Cashflows From Financing Activities	-145k	-142k	-141k	-136k
Total Cash From Financing Activities	-221.95M	-223.57M	-296.13M	-222.46M
Change In Cash	-14.2M	-95.11M	107.25M	-5.94M
Capital Expenditures	-	-	-	-