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
625.11M
Gross Profit
67.38M
EBIT
47.92M
Net Tangible Assets
717.42M
Net Income
33.19M
Capital Expenditures
-49.51M

29M Income Statement 2020 Annual Report

As per the latest Income Statement of 29M, the Net revenue decreased by $-32.06M (-5%) compared to the previous period. The operating income in 2020 decreased by $-90.67M (-65%). The net income as per the annual report was 33.19M which decreased by $-48.55M (-59%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue625.11M657.17M
Gross Profit67.38M157.75M
Operating Income47.92M138.59M
Income Before Tax46.24M116.77M
Net Income33.19M81.74M

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 717.42M 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
Cash150.17M-
Total Assets1.26B -
Long Term Debt191.76M-
Total Liabilities539.14M -
Total Shareholder Equity717.42M-
Net Tangible Assets717.42M-

Cash Flow Statement - 29M 2020 Annual Report

The 2020 annual cash flow statement of 29Metals Limited showed that the net income decreased by $-48.55M (-59%) compared to previous reporting period. Also the capital expenditure of 29M decreased by $-12.74M (-35%).

As of 2020, the total cash from investing activities was -107.29M and total cash from financing activities was -67.97M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income33.19M81.74M
Capital Expenditures-49.51M-36.77M
Dividends Paid--
Total Cash From From Investing Activities-107.29M-93.84M
Total Cash From From Financing Activities-67.97M-60.78M

29Metals Limited Annual Report History

Income Statement

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

31 Dec 202031 Dec 201931 Dec 2018
Total Revenue625.11M657.17M524.91M
Cost Of Revenue557.74M499.42M428.56M
Gross Profit67.38M157.75M96.35M
Research Development---
Selling General Administrative19.46M19.16M18.72M
Non Recurring---
Other Operating Expenses---
Total Operating Expenses577.2M518.59M447.28M
Operating Income47.92M138.59M77.63M
Total Other Income Expense Net-1.68M-21.82M-44.95M
Ebit47.92M138.59M77.63M
Interest Expense-21.71M-15.5M-20.22M
Income Before Tax46.24M116.77M32.68M
Income Tax Expense13.04M35.02M14.58M
Minority Interest---
Net Income From Continuing Ops33.19M81.74M18.1M
Discontinued Operations---
Extraordinary Items---
Effect Of Accounting Charges---
Other Items---
Net Income33.19M81.74M18.1M
Net Income Applicable To Common Shares33.19M81.74M18.1M

Balance Sheet Statement

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

31 Dec 202031 Dec 201931 Dec 2018
Cash150.17M--
Net Receivables33.36M--
Inventory41.23M--
Other Current Assets2.77M--
Total Current Assets232.24M--
Property Plant Equipment900.53M--
Other Assets123.8M--
Deferred Long Term Asset Charges117.7M--
Total Assets1.26B--
Accounts Payable78.23M--
Short Long Term Debt10.2M--
Other Current Liab57.64M--
Long Term Debt191.76M--
Other Liab155.61M--
Total Current Liabilities175.26M--
Total Liab539.14M--
Common Stock452.84M--
Retained Earnings265.24M--
Treasury Stock-657k--
Other Stockholder Equity-657k--
Total Stockholder Equity717.42M--
Net Tangible Assets717.42M--

Cash Flow Statement

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

31 Dec 202031 Dec 201931 Dec 2018
Net Income33.19M81.74M18.1M
Depreciation131.79M114.95M100.17M
Change To Netincome-7.67M18.41M44.42M
Change To Liabilities---
Change To Operating Activities-4.98M-27.27M32.63M
Total Cash From Operating Activities152.33M187.84M195.33M
Capital Expenditures-49.51M-36.77M-39.61M
Total Cashflows From Investing Activities-107.29M-93.84M-78.03M
Net Borrowings120.72M-82.08M23.23M
Other Cashflows From Financing Activities-12.67M-11.87M-16.43M
Total Cash From Financing Activities-67.97M-60.78M-142.84M
Change In Cash-22.93M33.22M-25.54M
Repurchase Of Stock-176.03M-176.03M-185.82M
Dividends Paid---