annual report
Annual Financial Statements 30 June 2023
Acumentis Group Limited (ASX: ACU)
ABN 50 102 320 329
TABLE OF CONTENTS | |
1. Introduction | |
Chairman's Report | 08 |
CEO's Report | 10 |
2. Financial statements | |
Directors' Report | 16 |
Auditor's Independence Declaration | 33 |
Statement of Profit or Loss and Other | |
Comprehensive Income | 34 |
Statement of Financial Position | 35 |
Statement of Changes in Equity | 36 |
Statement of Cash Flows | 37 |
3. Notes to consolidated financial | |
statements | |
How the Numbers are Calculated | 40 |
Revenue | 40 |
Material Profit or Loss Items | 41 |
Other Income and Expense Items | 41 |
Income Tax Expense | 42 |
Financial Assets and Liabilities | 43 |
Non Financial Assets and Liabilities | 50 |
Equity | 62 |
Other Reserves | 64 |
Cash Flow Information | 65 |
4. Risk | |
Significant Estimates & Judgements | ......... 67 |
Financial Risk Management | 67 |
Capital Management | 72 |
5. Group structure | |
Business Combinations | 77 |
Interests of Other Entities | 80 |
6. Unrecognised items | |
Contingent Liabilities | 83 |
Commitments | 83 |
Events occurring after the | |
reporting period | 84 |
7. Other information | |
Related Party Transactions | 87 |
Share-based Payments | 88 |
Remuneration of Auditors | 90 |
Earning Per Share | 90 |
Parent Entity Financial Information | 92 |
Going concern | 92 |
Summary of Significant | |
Accounting Policies | 93 |
7. Directors' declaration | |
Directors' Declaration | 107 |
Independent Auditor's Report | 108 |
ASX Additional Information | 112 |
Introduction
ASX:ACU FY22-23
ACUMENTIS 2023 ANNUAL REVIEW
Acumentis continues its unwavering commitment to delivering service excellence and ensuring decision certainty for our valued clients nationwide. Homeowners, lenders, and corporations consistently rely on Acumentis for trusted property valuations and expert guidance.
The past year has been marked by a rapidly changing property market, post pandemic recovery, and the influence of significant cash rate increases. In response, the Acumentis team has shown remarkable agility while maintaining a steadfast focus on our strategic objective: diversification.
Our primary focus throughout FY23 has centred on diversifying our services and strengthening our team's capabilities to align with this continuing transformation.
Acumentis has been delivering property valuation expertise since 1905 to financial
institutions, governments, companies, and individuals across Australia. Acumentis provides this expertise nationwide from 45 metropolitan, regional and rural locations, with a team of over 330 property professionals.
Acumentis Annual Report 2023 | Pg 5 |
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Acumentis Group Limited published this content on 19 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2023 07:16:10 UTC.