Australian Foundation Investment Company Limited (NZX:AFI) Annual Report 2022



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

Amounts in AUD

Total Revenue
393.42M
Gross Profit
393.42M
EBIT
374.26M
Net Tangible Assets
6.99B
Net Income
360.54M
Capital Expenditures
-

AFI Income Statement 2022 Annual Report

As per the latest Income Statement of AFI, the Net revenue increased by $130.60M (50%) compared to the previous period. The operating income in 2022 increased by $126.95M (51%). The net income as per the annual report was 360.54M which increased by $125.89M (54%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 393.42M 262.82M
Gross Profit 393.42M 262.82M
Operating Income 374.26M 247.31M
Income Before Tax 374.04M 247.95M
Net Income 360.54M 234.65M

Balance Sheet - AFI 2022 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 increased the cash on balance sheet by $47.50M (49%). The Net tangible assets of AFI on the balance sheet were at 6.99B which is $-568.55M (-8%) less than previous annual report. The total stockholder equity also decreased by $-568.55M (-8%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 144.62M 97.12M
Total Assets 8.27B 9.12B
Long Term Debt - -
Total Liabilities 1.28B 1.56B
Total Shareholder Equity 6.99B 7.56B
Net Tangible Assets 6.99B 7.56B

Cash Flow Statement - AFI 2022 Annual Report

The 2022 annual cash flow statement of Australian Foundation Investment Company Limited showed that the net income increased by $125.89M (54%) compared to previous reporting period. Also the capital expenditure of AFI increased by $NaN (NaN%).

As of 2022, the total cash from investing activities was -19.19M and total cash from financing activities was -211.07M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 360.54M 234.65M
Capital Expenditures - -
Dividends Paid -220.92M -221.8M
Total Cash From From Investing Activities -19.19M 28.98M
Total Cash From From Financing Activities -211.07M -221.95M

Australian Foundation Investment Company Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 393.42M 262.82M 264.31M 441.35M
Cost Of Revenue - - - -
Gross Profit 393.42M 262.82M 264.31M 441.35M
Research Development - - - -
Selling General Administrative 19.16M 15.51M 14.76M 14.31M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 19.16M 15.51M 14.76M 14.31M
Operating Income 374.26M 247.31M 249.55M 427.04M
Total Other Income Expense Net -216k 641k 8.69M -5.51M
Ebit 374.26M 247.31M 249.55M 427.04M
Interest Expense -845k -1.83M -1.05M -826k
Income Before Tax 374.04M 247.95M 258.24M 421.53M
Income Tax Expense 13.49M 12.86M 17.85M 15.16M
Minority Interest 1.09M 1.07M 622k 1.16M
Net Income From Continuing Ops 360.56M 235.09M 240.4M 406.37M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 360.54M 234.65M 239.93M 405.93M
Net Income Applicable To Common Shares 360.54M 234.65M 239.93M 405.93M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 144.62M 97.12M 111.32M 206.43M
Net Receivables 36.6M 40.01M 17.35M 40.13M
Total Current Assets 186.2M 141.88M 132.97M 246.56M
Long Term Investments 8.08B 8.97B 7.12B 7.57B
Total Assets 8.27B 9.12B 7.25B 7.82B
Other Current Liab 97.37M 18.88M 36.42M 29.13M
Other Liab 1.17B 1.54B 974.87M 1.17B
Minority Interest 1.09M 1.07M 622k 1.16M
Total Current Liabilities 107.37M 18.88M 36.42M 29.13M
Total Liab 1.28B 1.56B 1.01B 1.19B
Common Stock 3.07B 3.01B 2.95B 2.89B
Retained Earnings 3.92B 4.55B 3.29B 3.74B
Total Stockholder Equity 6.99B 7.56B 6.24B 6.62B
Net Tangible Assets 6.99B 7.56B 6.24B 6.62B
Long Term Debt - - - -

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 360.54M 234.65M 239.93M 405.93M
Change To Netincome -127.48M -25.4M -10.14M -74.02M
Change To Account Receivables -6.46M -12.79M 22.78M 9.61M
Change To Liabilities 28.23M 949k -1.02M 1.58M
Change To Operating Activities -26.77M -57k 706k -417k
Total Cash From Operating Activities 277.76M 178.77M 254.63M 351.76M
Investments -5.25M 52.78M -105.78M 58.02M
Other Cashflows From Investing Activities -13.95M -23.8M -20.39M -6.41M
Total Cashflows From Investing Activities -19.19M 28.98M -126.18M 51.62M
Dividends Paid -220.92M -221.8M -223.43M -295.89M
Net Borrowings 10M 10M 10M -100k
Other Cashflows From Financing Activities -151k -145k -142k -141k
Total Cash From Financing Activities -211.07M -221.95M -223.57M -296.13M
Change In Cash 47.5M -14.2M -95.11M 107.25M
Capital Expenditures - - - -