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.

Variscan Mines Limited Balance Sheet Statement - Assets

As of 30 Jun 2025, The total current assets of Variscan Mines Limited (ASX:VAR) was around $631,924 which consisted of $451,939 of Cash, no Inventory and $161,759 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
$451,939
Current assets
$631,924
Total assets
$11,469,670

The latest balance sheet of Variscan Mines Limited also showed $10,763,721 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 $11,469,670.

Variscan Mines Limited Balance Sheet Statement - Liabilities

VAR's latest annual results shows the balance sheet has $271,003 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $591,827 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
$271,003
Current liabilities
$591,827
Total liabilities
$591,827

As per the 30 Jun 2025's annual report of Variscan Mines Limited, the total liabilities were $591,827.

VAR 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 Variscan Mines Limited showed the total stock holder equity was $10,877,843 which consisted of $37,974,222 of Common stocks, $-27,758,415 of Retained earnings and no Other stock holder equity.

VAR Balance Sheet Statement History

Following table shows the history of balance sheet for Variscan Mines Limited (VAR).

30 Jun 2025 30 Jun 2024 30 Jun 2023 30 Jun 2022
Cash 451,939 250,260 1,017,571 1,945,935
Net Receivables 161,759 103,880 356,170 238,901
Inventory - - - -
Total Current Assets 631,924 373,044 1,393,251 2,204,642
Property Plant Equipment 10,763,721 9,393,638 8,168,808 6,777,357
Good Will - - - -
Intangible Assets - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 11,469,670 9,833,419 9,629,857 9,044,756
Accounts Payable 271,003 127,152 164,845 154,569
Short/Long Term Debt - - - -
Other Current Liabilities - -1 - -
Long Term Debt - - - -
Other Liabilities - - - -
Total Current Liabilities 591,827 509,617 254,179 281,065
Total Liabilities 591,827 509,617 254,179 281,065
Common Stock 37,974,222 36,066,871 35,344,243 34,018,303
Retained Earnings -27,758,415 -27,045,328 -26,844,339 -25,977,099
Treasury Stock - - - -
Other Stockholder Equity - - - -
Total Stockholder Equity 10,877,843 9,323,802 9,375,678 8,763,691
Net Tangible Assets 10,877,843 9,323,802 9,375,678 8,763,691

Variscan Mines Limited (ASX:VAR) Balance Sheet Statement FAQ

1. How much Cash Variscan Mines Limited has on their balance sheet?

As of 30 Jun 2025, Variscan Mines Limited (ASX:VAR) has $451,939 of Cash.

2. What's the long term debt of Variscan Mines Limited?

As per the latest Balance sheet of Variscan Mines Limited (ASX:VAR), it has no Long term debt.

3. How much share holder equity does Variscan Mines Limited has?

The Variscan Mines Limited (ASX:VAR)'s balance sheet shows that it has $10,877,843 of Total stock holder equity.