In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

Gold Mountain Limited Balance Sheet Statement - Assets

As of 30 Jun 2024, The total current assets of Gold Mountain Limited (ASX:GMN) was around $1,094,629 which consisted of $865,503 of Cash, no Inventory and $229,126 of Net receivables. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations within one year.

All amounts in AUD

Cash
$865,503
Current assets
$1,094,629
Total assets
$15,855,109

The latest balance sheet of Gold Mountain Limited also showed $14,709,925 of Property Plant Equipment and no Good will. Also there were no Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $15,855,109.

Gold Mountain Limited Balance Sheet Statement - Liabilities

GMN's latest annual results shows the balance sheet has $179,533 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $183,550 of Total Current Liabilities. Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.

Account payable
$179,533
Current liabilities
$183,550
Total liabilities
$183,550

As per the 30 Jun 2024's annual report of Gold Mountain Limited, the total liabilities were $183,550.

GMN Balance Sheet Statement - Stock Holder Equity

Stockholders' equity, also referred to as shareholders' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings and treasury stock.

The latest Balance sheet of Gold Mountain Limited showed the total stock holder equity was $15,667,105 which consisted of $59,577,333 of Common stocks, $-45,607,042 of Retained earnings and no Other stock holder equity.

GMN Balance Sheet Statement History

Following table shows the history of balance sheet for Gold Mountain Limited (GMN).

30 Jun 2024 30 Jun 2023 30 Jun 2022 30 Jun 2021
Cash 865,503 1,302,567 660,525 780,283
Net Receivables 229,126 199,290 113,472 133,834
Inventory - - - -
Total Current Assets 1,094,629 1,501,857 773,997 914,117
Property Plant Equipment 14,709,925 9,828,799 9,196,797 22,072,678
Good Will - - 6,002,538 6,026,310
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 15,855,109 11,381,211 16,023,887 29,099,204
Accounts Payable 179,533 243,443 297,426 476,786
Short/Long Term Debt - - - 44,223
Other Current Liabilities - - - -
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 183,550 263,893 325,426 1,358,883
Total Liabilities 183,550 263,893 325,426 1,358,883
Common Stock 59,577,333 51,662,667 47,104,019 40,955,834
Retained Earnings -45,607,042 -41,653,596 -31,443,663 -13,371,536
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 15,667,105 11,112,931 15,698,356 27,740,226
Net Tangible Assets 15,667,105 11,112,931 9,695,818 21,713,916

Gold Mountain Limited (ASX:GMN) Balance Sheet Statement FAQ

1. How much Cash Gold Mountain Limited has on their balance sheet?

As of 30 Jun 2024, Gold Mountain Limited (ASX:GMN) has $865,503 of Cash.

2. What's the long term debt of Gold Mountain Limited?

As per the latest Balance sheet of Gold Mountain Limited (ASX:GMN), it has no Long term debt.

3. How much share holder equity does Gold Mountain Limited has?

The Gold Mountain Limited (ASX:GMN)'s balance sheet shows that it has $15,667,105 of Total stock holder equity.