29Metals Limited (ASX:29M) Annual Report 2020



The latest annual report of 29Metals Limited (29M) was published on 31 Dec 2020. 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
434.45M
Gross Profit
108.61M
EBIT
100.91M
Net Tangible Assets
169.22M
Net Income
83.69M
Capital Expenditures
-41.03M

29M Income Statement 2020 Annual Report

As per the latest Income Statement of 29M, the Net revenue decreased by $-38.97M (-8%) compared to the previous period. The operating income in 2020 decreased by $-83.86M (-45%). The net income as per the annual report was 83.69M which decreased by $-42.46M (-34%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue434.45M473.42M
Gross Profit108.61M188.81M
Operating Income100.91M184.77M
Income Before Tax118.21M179.88M
Net Income83.69M126.15M

Balance Sheet - 29M 2020 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 $NaN (NaN%). The Net tangible assets of 29M on the balance sheet were at 169.22M 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 (2020/2019)

20202019
Cash107.22M-
Total Assets570.45M -
Long Term Debt191.76M-
Total Liabilities401.23M -
Total Shareholder Equity169.22M-
Net Tangible Assets169.22M-

Cash Flow Statement - 29M 2020 Annual Report

The 2020 annual cash flow statement of 29Metals Limited showed that the net income decreased by $-42.46M (-34%) compared to previous reporting period. Also the capital expenditure of 29M decreased by $-11.37M (-38%).

As of 2020, the total cash from investing activities was -78.89M and total cash from financing activities was -57.34M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income83.69M126.15M
Capital Expenditures-41.03M-29.66M
Dividends Paid--
Total Cash From From Investing Activities-78.89M-69.55M
Total Cash From From Financing Activities-57.34M-81.17M

29Metals Limited Annual Report History

Income Statement

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

31 Dec 202031 Dec 201931 Dec 2018
Total Revenue434.45M473.42M402.36M
Cost Of Revenue325.84M284.61M251.97M
Gross Profit108.61M188.81M150.39M
Research Development---
Selling General Administrative3.71M4.04M2.08M
Non Recurring---
Other Operating Expenses3.99M3.99M3.99M
Total Operating Expenses333.54M288.64M254.05M
Operating Income100.91M184.77M148.31M
Total Other Income Expense Net17.29M-4.89M-15.85M
Ebit100.91M184.77M148.31M
Interest Expense-18.23M-11.53M-11.84M
Income Before Tax118.21M179.88M132.46M
Income Tax Expense34.51M53.73M44.29M
Minority Interest---
Net Income From Continuing Ops83.69M126.15M88.17M
Discontinued Operations---
Extraordinary Items---
Effect Of Accounting Charges---
Other Items---
Net Income83.69M126.15M88.17M
Net Income Applicable To Common Shares83.69M126.15M88.17M

Balance Sheet Statement

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

31 Dec 202031 Dec 201931 Dec 2018
Cash107.22M--
Net Receivables19.8M--
Inventory25.04M--
Other Current Assets2.76M--
Total Current Assets158.46M--
Property Plant Equipment405.9M--
Other Assets6.1M--
Total Assets570.45M--
Accounts Payable40M--
Short Long Term Debt28.51M--
Other Current Liab5.95M--
Long Term Debt191.76M--
Other Liab107.32M--
Total Current Liabilities97.18M--
Total Liab401.23M--
Common Stock89.88M--
Retained Earnings349.23M--
Treasury Stock-269.88M--
Other Stockholder Equity-269.88M--
Total Stockholder Equity169.22M--
Net Tangible Assets169.22M--

Cash Flow Statement

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

31 Dec 202031 Dec 201931 Dec 2018
Net Income83.69M126.15M88.17M
Depreciation56.15M50.14M35.79M
Change To Netincome-16.32M15.34M22.76M
Change To Liabilities---
Change To Operating Activities7.08M-3.15M25.24M
Total Cash From Operating Activities130.6M188.49M171.96M
Capital Expenditures-41.03M-29.66M-18.65M
Other Cashflows From Investing Activities-37.95M-39.93M-25.17M
Total Cashflows From Investing Activities-78.89M-69.55M-42.44M
Net Borrowings130.32M-72.77M44.72M
Other Cashflows From Financing Activities-11.63M-8.4M-11.32M
Total Cash From Financing Activities-57.34M-81.17M-152.42M
Change In Cash-5.63M37.77M-22.89M
Repurchase Of Stock-176.03M-176.03M-185.82M
Dividends Paid---