Advtech Ltd
JSE:ADH
Income Statement
Earnings Waterfall
Advtech Ltd
Revenue
|
7.9B
ZAR
|
Cost of Revenue
|
-1.4B
ZAR
|
Gross Profit
|
6.5B
ZAR
|
Operating Expenses
|
-4.9B
ZAR
|
Operating Income
|
1.6B
ZAR
|
Other Expenses
|
-623.9m
ZAR
|
Net Income
|
951m
ZAR
|
Income Statement
Advtech Ltd
Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
486
N/A
|
511
+5%
|
555
+9%
|
611
+10%
|
661
+8%
|
742
+12%
|
830
+12%
|
892
+7%
|
963
+8%
|
1 051
+9%
|
1 198
+14%
|
1 328
+11%
|
1 376
+4%
|
1 423
+3%
|
1 470
+3%
|
1 521
+3%
|
1 606
+6%
|
1 665
+4%
|
1 687
+1%
|
1 719
+2%
|
1 766
+3%
|
1 844
+4%
|
1 932
+5%
|
2 250
+16%
|
2 708
+20%
|
3 068
+13%
|
3 353
+9%
|
3 715
+11%
|
3 938
+6%
|
4 113
+4%
|
4 389
+7%
|
4 713
+7%
|
5 108
+8%
|
5 437
+6%
|
5 499
+1%
|
5 531
+1%
|
5 917
+7%
|
6 438
+9%
|
6 961
+8%
|
7 512
+8%
|
7 860
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(368)
|
0
|
(376)
|
0
|
(470)
|
0
|
(645)
|
0
|
(777)
|
0
|
(1 109)
|
0
|
(1 369)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
3 570
N/A
|
0
N/A
|
4 013
N/A
|
0
N/A
|
4 638
N/A
|
0
N/A
|
4 854
N/A
|
0
N/A
|
5 140
N/A
|
0
N/A
|
5 852
N/A
|
0
N/A
|
6 491
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(432)
|
(445)
|
(498)
|
(546)
|
(574)
|
(636)
|
(708)
|
(753)
|
(802)
|
(874)
|
(997)
|
(1 112)
|
(1 157)
|
(1 207)
|
(1 267)
|
(1 308)
|
(1 376)
|
(1 453)
|
(1 487)
|
(1 512)
|
(1 545)
|
(1 605)
|
(1 675)
|
(1 908)
|
(2 259)
|
(2 529)
|
(2 745)
|
(3 057)
|
(2 933)
|
(3 449)
|
(3 243)
|
(3 874)
|
(3 763)
|
(4 551)
|
(3 932)
|
(4 538)
|
(4 032)
|
(5 231)
|
(4 515)
|
(6 031)
|
(4 916)
|
|
Selling, General & Administrative |
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 123)
|
0
|
(1 538)
|
0
|
(1 908)
|
0
|
(2 041)
|
0
|
(2 178)
|
0
|
(2 481)
|
0
|
(2 609)
|
0
|
(2 837)
|
0
|
(3 162)
|
0
|
(3 428)
|
|
Depreciation & Amortization |
(21)
|
(22)
|
(22)
|
(23)
|
(26)
|
(27)
|
(27)
|
(30)
|
(34)
|
(39)
|
(46)
|
(52)
|
(59)
|
(64)
|
(66)
|
(66)
|
(62)
|
(63)
|
(68)
|
(69)
|
(70)
|
(76)
|
(84)
|
(95)
|
(110)
|
(122)
|
(133)
|
(69)
|
(155)
|
0
|
(276)
|
0
|
(305)
|
0
|
(346)
|
0
|
(315)
|
0
|
(346)
|
0
|
(384)
|
|
Other Operating Expenses |
(400)
|
(423)
|
(475)
|
(523)
|
(548)
|
(609)
|
(681)
|
(723)
|
(769)
|
(835)
|
(952)
|
(1 060)
|
(1 098)
|
(1 143)
|
(1 201)
|
(1 242)
|
(1 313)
|
(1 389)
|
(1 420)
|
(1 442)
|
(1 475)
|
(1 529)
|
(468)
|
(1 814)
|
(612)
|
(2 407)
|
(705)
|
(2 988)
|
(736)
|
(3 449)
|
(789)
|
(3 874)
|
(978)
|
(4 551)
|
(976)
|
(4 538)
|
(881)
|
(5 231)
|
(1 007)
|
(6 031)
|
(1 103)
|
|
Operating Income |
53
N/A
|
66
+24%
|
57
-13%
|
65
+13%
|
87
+35%
|
105
+21%
|
122
+16%
|
139
+14%
|
161
+16%
|
177
+10%
|
201
+14%
|
216
+8%
|
219
+1%
|
216
-1%
|
203
-6%
|
213
+5%
|
230
+8%
|
212
-8%
|
200
-6%
|
207
+3%
|
222
+7%
|
239
+8%
|
256
+8%
|
342
+33%
|
448
+31%
|
539
+20%
|
608
+13%
|
659
+8%
|
637
-3%
|
664
+4%
|
770
+16%
|
839
+9%
|
874
+4%
|
886
+1%
|
922
+4%
|
992
+8%
|
1 108
+12%
|
1 207
+9%
|
1 337
+11%
|
1 481
+11%
|
1 575
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(11)
|
(7)
|
(1)
|
1
|
0
|
3
|
6
|
10
|
14
|
21
|
22
|
16
|
11
|
9
|
9
|
10
|
11
|
9
|
4
|
2
|
3
|
(0)
|
(8)
|
(60)
|
(120)
|
(101)
|
(82)
|
(92)
|
(99)
|
(146)
|
(192)
|
(205)
|
(216)
|
(239)
|
(204)
|
(169)
|
(161)
|
(160)
|
(171)
|
(178)
|
(188)
|
|
Non-Reccuring Items |
9
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
2
|
(43)
|
(43)
|
17
|
12
|
(4)
|
8
|
8
|
1
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
51
N/A
|
59
+15%
|
57
-4%
|
66
+16%
|
87
+32%
|
108
+24%
|
128
+18%
|
149
+16%
|
175
+18%
|
198
+13%
|
223
+13%
|
232
+4%
|
230
-1%
|
225
-2%
|
212
-6%
|
223
+5%
|
236
+6%
|
216
-8%
|
203
-6%
|
209
+3%
|
225
+8%
|
238
+6%
|
247
+4%
|
282
+14%
|
329
+17%
|
438
+33%
|
526
+20%
|
567
+8%
|
538
-5%
|
518
-4%
|
577
+11%
|
634
+10%
|
661
+4%
|
604
-9%
|
675
+12%
|
840
+25%
|
959
+14%
|
1 044
+9%
|
1 174
+13%
|
1 311
+12%
|
1 389
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(6)
|
(12)
|
(15)
|
(27)
|
(34)
|
(39)
|
(44)
|
(53)
|
(59)
|
(67)
|
(70)
|
(70)
|
(70)
|
(63)
|
(67)
|
(79)
|
(73)
|
(64)
|
(66)
|
(69)
|
(73)
|
(80)
|
(91)
|
(103)
|
(128)
|
(149)
|
(164)
|
(160)
|
(164)
|
(181)
|
(186)
|
(193)
|
(193)
|
(209)
|
(241)
|
(280)
|
(298)
|
(332)
|
(374)
|
(390)
|
|
Income from Continuing Operations |
51
|
53
|
45
|
51
|
60
|
74
|
89
|
104
|
122
|
139
|
155
|
163
|
160
|
155
|
149
|
156
|
156
|
143
|
138
|
143
|
156
|
165
|
167
|
191
|
226
|
310
|
378
|
403
|
378
|
354
|
396
|
449
|
468
|
411
|
466
|
599
|
679
|
746
|
842
|
937
|
998
|
|
Income to Minority Interest |
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(6)
|
(13)
|
(11)
|
(13)
|
(10)
|
(3)
|
1
|
1
|
(4)
|
(10)
|
(15)
|
(22)
|
(37)
|
(42)
|
(47)
|
|
Net Income (Common) |
51
N/A
|
46
-8%
|
37
-19%
|
49
+32%
|
58
+17%
|
71
+22%
|
86
+22%
|
101
+17%
|
119
+18%
|
137
+15%
|
155
+13%
|
163
+5%
|
160
-1%
|
155
-4%
|
149
-4%
|
156
+5%
|
156
+0%
|
143
-9%
|
138
-3%
|
143
+4%
|
156
+9%
|
165
+6%
|
167
+1%
|
191
+14%
|
225
+18%
|
309
+37%
|
372
+21%
|
390
+5%
|
367
-6%
|
341
-7%
|
386
+13%
|
445
+15%
|
469
+5%
|
412
-12%
|
461
+12%
|
590
+28%
|
665
+13%
|
724
+9%
|
805
+11%
|
895
+11%
|
951
+6%
|
|
EPS (Diluted) |
0.14
N/A
|
0.14
N/A
|
0.11
-21%
|
0.13
+18%
|
0.15
+15%
|
0.18
+20%
|
0.23
+28%
|
0.26
+13%
|
0.29
+12%
|
0.34
+17%
|
0.39
+15%
|
0.4
+3%
|
0.39
-3%
|
0.38
-3%
|
0.36
-5%
|
0.37
+3%
|
0.38
+3%
|
0.35
-8%
|
0.33
-6%
|
0.34
+3%
|
0.37
+9%
|
0.39
+5%
|
0.4
+3%
|
0.46
+15%
|
0.5
+9%
|
0.59
+18%
|
0.71
+20%
|
0.73
+3%
|
0.69
-5%
|
0.64
-7%
|
0.72
+13%
|
0.82
+14%
|
0.87
+6%
|
0.76
-13%
|
0.85
+12%
|
1.08
+27%
|
1.22
+13%
|
1.32
+8%
|
1.47
+11%
|
1.63
+11%
|
1.73
+6%
|