29Metals Limited (ASX:29M) Annual Report 2021



The latest annual report of 29Metals Limited (29M) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 29M Annual Results

Amounts in AUD

Total Revenue
600.76M
Gross Profit
136.64M
EBIT
103.65M
Net Tangible Assets
769.37M
Net Income
121.01M
Capital Expenditures
-47.08M

29M Income Statement 2021 Annual Report

As per the latest Income Statement of 29M, the Net revenue increased by $166.31M (38%) compared to the previous period. The operating income in 2021 decreased by $-3.40M (-3%). The net income as per the annual report was 121.01M which increased by $NaN (NaN%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 600.76M 434.45M
Gross Profit 136.64M 108.61M
Operating Income 103.65M 107.05M
Income Before Tax 17.78M 34.51M
Net Income 121.01M -

Balance Sheet - 29M 2021 Annual Report

Read further: 29M Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 29Metals Limited showed the company increased the cash on balance sheet by $90.26M (84%). The Net tangible assets of 29M on the balance sheet were at 769.37M which is $NaN (NaN%) more than previous annual report. The total stockholder equity also increased by $NaN (NaN%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 197.47M 107.22M
Total Assets 1.32B 579.97M
Long Term Debt 186.16M 191.76M
Total Liabilities 545.64M 579.97M
Total Shareholder Equity 769.54M -
Net Tangible Assets 769.37M -

Cash Flow Statement - 29M 2021 Annual Report

The 2021 annual cash flow statement of 29Metals Limited showed that the net income increased by $NaN (NaN%) compared to previous reporting period. Also the capital expenditure of 29M decreased by $-6.05M (-15%).

As of 2021, the total cash from investing activities was -92.55M and total cash from financing activities was 101.88M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 121.01M -
Capital Expenditures -47.08M -41.03M
Dividends Paid - -
Total Cash From From Investing Activities -92.55M -78.89M
Total Cash From From Financing Activities 101.88M -57.34M

29Metals Limited Annual Report History

Income Statement

Income Statement history of 29Metals Limited (ASX:29M)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 600.76M 434.45M 657.17M 524.91M
Cost Of Revenue 464.12M 325.84M 499.42M 428.56M
Gross Profit 136.64M 108.61M 157.75M 96.35M
Research Development - - - -
Selling General Administrative 18.64M 4.69M 19.16M 18.72M
Non Recurring - - - -
Other Operating Expenses 14.36M -3.13M 4.87M 3.18M
Total Operating Expenses 497.12M 327.4M 523.46M 450.46M
Operating Income 103.65M 107.05M 133.71M 74.45M
Total Other Income Expense Net -85.87M -72.54M -16.95M -41.77M
Ebit 103.65M 107.05M 133.71M 74.45M
Interest Expense -11.79M -189.97M -15.5M -20.22M
Income Before Tax 17.78M 34.51M 116.77M 32.68M
Income Tax Expense -103.24M 34.51M 35.02M 14.58M
Minority Interest - - - -
Net Income From Continuing Ops 121.01M 121.01M 81.74M 18.1M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 121.01M - 81.74M 18.1M
Net Income Applicable To Common Shares 121.01M 121.01M 81.74M 18.1M

Balance Sheet Statement

Balance Sheet Statement history of 29Metals Limited (ASX:29M)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 197.47M 107.22M - -
Short Term Investments 12.68M - - -
Net Receivables 55.05M 23.72M - -
Inventory 76.12M 25.04M - -
Other Current Assets 3.05M 2.83M - -
Total Current Assets 351.84M 167.97M - -
Property Plant Equipment 917.88M 405.9M - -
Intangible Assets 168k - - -
Other Assets 45.29M 6.1M - -
Deferred Long Term Asset Charges 39.48M - - -
Total Assets 1.32B 579.97M - -
Accounts Payable 28.14M 8.37M - -
Short Long Term Debt 14.81M 28.01M - -
Other Current Liab 44.49M 13.92M - -
Long Term Debt 186.16M 191.76M - -
Other Liab 155.71M 275.92M - -
Total Current Liabilities 200.07M 107.32M - -
Total Liab 545.64M 579.97M - -
Common Stock 646.63M - - -
Retained Earnings 121.01M - - -
Treasury Stock 1.89M - - -
Other Stockholder Equity 1.89M - - -
Total Stockholder Equity 769.54M - - -
Net Tangible Assets 769.37M - - -

Cash Flow Statement

Cash Flow Statement history of 29Metals Limited (ASX:29M)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 121.01M - 81.74M 18.1M
Depreciation 100.12M 56.15M 114.95M 100.17M
Change To Netincome 24.1M 61.2M 18.41M 44.42M
Change To Account Receivables -10.77M -11.24M -11.24M -11.24M
Change To Liabilities -112.39M 26.75M - -
Change To Inventory -25.86M 2.71M 2.71M 2.71M
Change To Operating Activities -4.09M 1.2M -27.27M 32.63M
Total Cash From Operating Activities 75.1M 130.6M 187.84M 195.33M
Capital Expenditures -47.08M -41.03M -36.77M -39.61M
Total Cashflows From Investing Activities -92.55M -78.89M -93.84M -78.03M
Net Borrowings -108.26M 130.32M -82.08M 23.23M
Other Cashflows From Financing Activities -34.86M -11.63M -11.87M -16.43M
Total Cash From Financing Activities 101.88M -57.34M -60.78M -142.84M
Effect Of Exchange Rate 5.83M -3.12M -3.12M -3.12M
Change In Cash 90.26M -8.75M 33.22M -25.54M
Issuance Of Stock 245M 245M 33.17M 36.18M
Dividends Paid - - - -