Investor Presentaiton
Balance Sheet
Robust balance sheet, record cash balance and no debt
Australian
Family
Lawyers
A$'000s
Cash and cash equivalents
Accounts receivable
Other current assets
FY19
FY20
1,050
1,555
2,002
1,802
56
Total current assets
Deferred tax assets
Right of use asset
Plant and equipment
Intangible assets
Total assets
Trade and other payables
3,109
3,497
126
465
727
38
68
6,644
6,732
9,917
11,490
1,112
1,471
Current tax liabilities
371
455
•
Deferred tax liabilities
305
602
Deferred consideration
600
274
Lease liability - non interest bearing
770
Borrowings
282
21
Employee provisions
117
213
Total liabilites
2,787
3,806
Net assets
Issued capital
Reserves
Retained profits
Total equity
7,130
7,684
122,905
122,905
369
(115,775)
7,130
141
(115,590)
7,684
Commentary
Cash balance strengthened to a record level of
more than $1.5m at 30 June 2020
Strong operating cash flow of $1.6m generated
for the FY20 period
Balance sheet now carries the "right of use
asset" and "lease liability” (non interest
bearing) arising from implementation of
AASB16
Bank debt facility of $0.5m remains available
but has not been utilised since IPO
Despite strong growth in revenue, accounts
receivable balance has reduced due to
enhanced policies and procedures post IPO
Increasing intangible asset balance reflects the
continued investment in the client acquisition
engine, AFL 2.0
As at 31 July, deferred consideration owed to
all vendors has been repaid
18View entire presentation