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)

20212020
Total Revenue262.82M264.31M
Gross Profit262.82M264.31M
Operating Income247.31M249.55M
Income Before Tax247.95M258.24M
Net Income234.65M239.93M

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)

20212020
Cash97.12M111.32M
Total Assets9.12B 7.25B
Long Term Debt--
Total Liabilities1.56B 1.01B
Total Shareholder Equity7.56B6.24B
Net Tangible Assets7.56B6.24B

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)

20212020
Net Income234.65M239.93M
Capital Expenditures--
Dividends Paid-221.8M-223.43M
Total Cash From From Investing Activities28.98M-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 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue262.82M264.31M441.35M308.5M
Cost Of Revenue----
Gross Profit262.82M264.31M441.35M308.5M
Research Development----
Selling General Administrative15.51M14.76M14.31M14.53M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses15.51M14.76M14.31M14.53M
Operating Income247.31M249.55M427.04M293.97M
Total Other Income Expense Net641k8.69M-5.51M-584k
Ebit247.31M249.55M427.04M293.97M
Interest Expense-1.83M-1.05M-826k-848k
Income Before Tax247.95M258.24M421.53M293.38M
Income Tax Expense12.86M17.85M15.16M14.38M
Minority Interest1.07M622k1.16M717k
Net Income From Continuing Ops235.09M240.4M406.37M279.01M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income234.65M239.93M405.93M278.71M
Net Income Applicable To Common Shares234.65M239.93M405.93M278.71M

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash97.12M111.32M206.43M99.18M
Net Receivables40.01M17.35M40.13M77.23M
Total Current Assets141.88M132.97M246.56M176.42M
Long Term Investments8.97B7.12B7.57B7.28B
Other Assets59k872k-1.26M
Deferred Long Term Asset Charges59k872k-1.26M
Total Assets9.12B7.25B7.82B7.46B
Other Current Liab18.88M36.42M29.13M20.1M
Other Liab1.54B974.87M1.17B1.1B
Minority Interest1.07M622k1.16M717k
Total Current Liabilities18.88M36.42M29.13M20.2M
Total Liab1.56B1.01B1.19B1.12B
Common Stock3.01B2.95B2.89B2.81B
Retained Earnings4.55B3.29B3.74B3.53B
Total Stockholder Equity7.56B6.24B6.62B6.34B
Net Tangible Assets7.56B6.24B6.62B6.34B
Long Term Debt----

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income234.65M239.93M405.93M278.71M
Change To Netincome-25.4M-10.14M-74.02M-6.11M
Change To Account Receivables-12.79M22.78M9.61M-2.86M
Change To Liabilities949k-1.02M1.58M-1.04M
Change To Operating Activities-57k706k-417k-27k
Total Cash From Operating Activities178.77M254.63M351.76M281.16M
Investments52.78M-105.78M58.02M-64.64M
Other Cashflows From Investing Activities-23.8M-20.39M-6.41M-6.41M
Total Cashflows From Investing Activities28.98M-126.18M51.62M-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-95.11M107.25M-5.94M
Capital Expenditures----