African Gold Limited (ASX:A1G) Annual Report 2020



The latest annual report of African Gold Limited (A1G) 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 - A1G Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-
EBIT
-760.31k
Net Tangible Assets
6.42M
Net Income
-715.14k
Capital Expenditures
-1.19M

A1G Income Statement 2020 Annual Report

As per the latest Income Statement of A1G, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 increased by $200530 (21%). The net income as per the annual report was -715.14k which increased by $268355 (27%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit--
Operating Income-760.31k-960.84k
Income Before Tax-715.14k-983.49k
Net Income-715.14k-983.49k

Balance Sheet - A1G 2020 Annual Report

Read further: A1G Balance Sheet Detailed Analysis

The latest balance sheet from annual result of African Gold Limited showed the company reduced the cash on balance sheet by $-160428 (-10%). The Net tangible assets of A1G on the balance sheet were at 6.42M which is $1.04M (19%) more than previous annual report. The total stockholder equity also increased by $1.04M (19%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.47M1.63M
Total Assets6.5M 6.15M
Long Term Debt--
Total Liabilities80.79k 780.15k
Total Shareholder Equity6.42M5.37M
Net Tangible Assets6.42M5.37M

Cash Flow Statement - A1G 2020 Annual Report

The 2020 annual cash flow statement of African Gold Limited showed that the net income increased by $268355 (27%) compared to previous reporting period. Also the capital expenditure of A1G increased by $58156 (5%).

As of 2020, the total cash from investing activities was -1.19M and total cash from financing activities was 1.65M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-715.14k-983.49k
Capital Expenditures-1.19M-1.25M
Dividends Paid--
Total Cash From From Investing Activities-1.19M-1.74M
Total Cash From From Financing Activities1.65M4.23M

African Gold Limited Annual Report History

Income Statement

Income Statement history of African Gold Limited (ASX:A1G)

31 Dec 202031 Dec 201931 Dec 2018
Total Revenue---
Cost Of Revenue--248.09k
Gross Profit---248.09k
Research Development---
Selling General Administrative563.57k742.1k310.04k
Non Recurring---
Other Operating Expenses129.6k118.23k22.22k
Total Operating Expenses760.31k960.84k1.41M
Operating Income-760.31k-960.84k-1.41M
Total Other Income Expense Net45.17k-22.65k-80.99k
Ebit-760.31k-960.84k-1.41M
Interest Expense---
Income Before Tax-715.14k-983.49k-1.49M
Income Tax Expense---
Minority Interest---
Net Income From Continuing Ops-715.14k-983.49k-1.49M
Discontinued Operations---
Extraordinary Items---
Effect Of Accounting Charges---
Other Items---
Net Income-715.14k-983.49k-1.49M
Net Income Applicable To Common Shares-715.14k-983.49k-1.49M

Balance Sheet Statement

Balance Sheet Statement history of African Gold Limited (ASX:A1G)

31 Dec 202031 Dec 201931 Dec 2018
Cash1.47M1.63M52.34k
Net Receivables46.56k24.68k3.98M
Other Current Assets30k30k56.73k
Total Current Assets1.55M1.76M4.09M
Property Plant Equipment4.95M4.39M-
Total Assets6.5M6.15M4.12M
Accounts Payable43.04k438.7k151.76k
Other Current Liab24.35k318.67k145.25k
Total Current Liabilities80.79k780.15k305.86k
Total Liab80.79k780.15k305.86k
Common Stock2.97M1.14M496.25k
Retained Earnings-3.07M-2.35M-1.37M
Treasury Stock6.51M6.59M765.85k
Other Stockholder Equity6.51M6.59M765.85k
Total Stockholder Equity6.42M5.37M3.82M
Net Tangible Assets6.42M5.37M3.82M
Long Term Debt---

Cash Flow Statement

Cash Flow Statement history of African Gold Limited (ASX:A1G)

31 Dec 202031 Dec 201931 Dec 2018
Net Income-715.14k-983.49k-1.49M
Depreciation1.85k1.47k1.47k
Change To Netincome65.28k228.37k1M
Change To Account Receivables-10.56k-61.3k-61.67k
Change To Liabilities-25.83k-91.14k156.75k
Change To Operating Activities65.57k13.93k9.65k
Total Cash From Operating Activities-618.82k-892.17k-383.95k
Capital Expenditures-1.19M-1.25M-1.25M
Total Cashflows From Investing Activities-1.19M-1.74M-32.73k
Other Cashflows From Financing Activities-4.58k-267.7k-67.59k
Total Cash From Financing Activities1.65M4.23M473.77k
Effect Of Exchange Rate390-27.69k-27.69k
Change In Cash-160.43k1.58M57.09k
Issuance Of Stock1.65M4.5M541.36k
Dividends Paid---