CTG Fibersway International Limited - FPO

Annual Statements for CTG Fibersway International Limited (CFW)

	31-Dec 2022	31-Dec 2021	31-Dec 2020	30-Nov 2019	30-Nov 2018
	AUD	AUD	AUD	AUD	AUD
REVENUE
Revenue from activities/operations		18,177,383	282,754	810,981	416,850
Other Revenue	290,606	792,743	22,311,064	18,196,238	21,911,049
Total Revenue	32,152,681	18,970,126	22,593,818	19,007,219	22,327,899
Cost of sales
Cost of sales	28,462,139	17,133,360	19,950,004	16,410,723	19,401,349
Total Cost of Sales	28,462,139	17,133,360	19,950,004	16,410,723	19,401,349
Gross Profit	3,690,542	1,836,766	2,643,814	2,596,496	2,926,550
EXPENSES
Administration Expenses	(1,920,466)	(1,546,100)	(2,708,689)	(2,473,555)	(1,616,476)
Operating Expenses	(68,351)	(5,206)	(6,578)	(112)	(20)
Financing costs	(770,097)	(658,413)	(589,756)	(378,598)	(429,618)
Other Expenses	(967,546)	(637,007)	(604,013)	(464,537)	(493,680)
Total Expenses	(2,956,363)	(2,846,726)	(3,909,036)	(3,316,802)	(2,539,794)
PROFIT / (LOSS)
Profit/Loss before income tax	(35,918)	(1,009,960)	(1,265,222)	(720,306)	386,756
Income tax/benefit expense			16,371	22,159	(50,193)
Profit/Loss after income tax	(35,918)	(1,009,960)	(1,248,851)	(698,147)	336,563
Foreign Exchange Gain/(Loss) on Translation of Foreign Ops	54,755	109,356	(265,820)	312,541	(8,715)
Total Comprehensive Income	18,837	(900,604)	(1,531,042)	312,541	(8,715)
Total Profit/Loss	18,837	(900,604)	(1,514,671)	(385,606)	327,563
ASSETS
Current Assets
Cash and Cash Equivalents	8,171,042	2,286,923	1,723,371
Trade and Other Receivables	7,234,736	4,737,588	4,966,250	6,793,076	6,654,266
Inventories	1,172,341	2,765,626	1,465,909	1,576,504	1,545,290
Other Current Assets		20,475,734	14,654,807	1,158,336	911,213
Total Current Assets	16,578,119	30,265,871	22,810,337	9,527,916	9,110,769
Non-Current Assets
Property, Plant and Equipment	2,174,022	2,318,758	2,317,434	2,459,002	2,434,520
Intangible Assets	1,790,769	1,829,007	1,681,108	1,775,043	1,665,128
Goodwill	2,847,417	2,848,866	2,982,382	3,194,627	2,996,808
Total Non-Current Assets	6,812,208	6,996,631	6,980,924	7,428,672	7,096,456
Total Assets	23,390,327	37,262,502	29,791,261	16,956,588	16,207,225
LIABILITIES
Current Liabilities
Trade and other payables	8,054,695	15,240,766	12,927,104	6,421,789	4,876,884
Other payables	1,001,587	6,892,220	1,267,386	705,181	1,906,965
Current Tax Liabilities	240,456	8,245	7,578	23,813	85,602
Borrowings	11,755,714	8,750,625	8,118,646	4,439,827	3,544,920
Employee Benefits	327,082	3,996,665	4,279,004
Total Current Liabilities	21,379,534	34,888,521	26,599,718	11,590,610	10,414,371
Non-Current Liabilities
Borrowings	197,890	579,915	263,972	923,736	965,006
Total Non-Current Liabilities	197,890	579,915	263,972	923,736	965,006
Total Liabilities	21,577,534	35,468,436	26,863,690	12,514,346	11,379,377
NET ASSETS	1,812,903	1,794,066	2,927,571	4,442,242	4,827,848
EQUITY
Total Equity
CASH FLOW
Net Cash provided by (used in) operating activities	(3,453,869)	(54,152)	(1,585,890)	(542,313)	3,024,875
Net Cash provided by (used in) investing activities	(142,200)	(10,293)	(316,599)	(183,060)	(277,259)
Net Cash provided by (used in) financing activities	2,806,006	270,048	3,302,894	550,562	(2,323,575)
Net Increase (decrease) in cash held	(790,063)	205,603	1,400,405	(174,811)	424,041
Foreign Exchange Gain/Loss	(77,085)	357,949	(102,898)	266,348
Cash at the beginning of the period	2,088,093	1,524,541	227,034	135,497	(157,693)
Cash at the end of the period	1,220,945	2,088,093	1,524,541	227,034	266,348