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.

African Gold Limited Balance Sheet Statement - Assets

As of 31 Dec 2020, The total current assets of African Gold Limited (ASX:A1G) was around $1,548,518 which consisted of $1,467,417 of Cash, no Inventory and $46,556 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
$1.47M
Current assets
$1.55M
Total assets
$6.5M

The latest balance sheet of African Gold Limited also showed $4,951,491 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 $6,500,009.

African Gold Limited Balance Sheet Statement - Liabilities

A1G's latest annual results shows the balance sheet has $43,043 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $24,353 of Other Current liabilities and $80,788 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
$43.04k
Current liabilities
$80.79k
Total liabilities
$80.79k

As per the 31 Dec 2020's annual report of African Gold Limited, the total liabilities were $80,788.

A1G 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 African Gold Limited showed the total stock holder equity was $6,419,221 which consisted of $2,973,524 of Common stocks, $-3,067,208 of Retained earnings and $6,512,905 of Other stock holder equity.

A1G Balance Sheet Statement History

Following table shows the history of balance sheet for African Gold Limited (A1G).

31 Dec 202031 Dec 201931 Dec 2018
Cash1.47M1.63M52.34k
Net Receivables46.56k24.68k3.98M
Inventory---
Total Current Assets1.55M1.76M4.09M
Property Plant Equipment4.95M4.39M-
Good Will---
Intangible Assets---
Other Assets---
Deferred Long Term Asset Charges---
Total Assets6.5M6.15M4.12M
Accounts Payable43.04k438.7k151.76k
Short/Long Term Debt---
Other Current Liabilities24.35k318.67k145.25k
Long Term Debt---
Other Liabilities---
Total Current Liabilities80.79k780.15k305.86k
Total Liabilities80.79k780.15k305.86k
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

African Gold Limited (ASX:A1G) Balance Sheet Statement FAQ

1. How much Cash African Gold Limited has on their balance sheet?

As of 31 Dec 2020, African Gold Limited (ASX:A1G) has $1,467,417 of Cash.

2. What's the long term debt of African Gold Limited?

As per the latest Balance sheet of African Gold Limited (ASX:A1G), it has no Long term debt.

3. How much share holder equity does African Gold Limited has?

The African Gold Limited (ASX:A1G)'s balance sheet shows that it has $6,419,221 of Total stock holder equity.