AIC Mines Limited (ASX:A1M) Annual Report 2020



The latest annual report of AIC Mines Limited (A1M) 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 - A1M Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-
EBIT
-5.83M
Net Tangible Assets
8.72M
Net Income
-6.84M
Capital Expenditures
-37k

A1M Income Statement 2020 Annual Report

As per the latest Income Statement of A1M, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 decreased by $-1.55M (-36%). The net income as per the annual report was -6.84M which increased by $1.33M (16%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit--
Operating Income-5.83M-4.29M
Income Before Tax-6.84M-8.16M
Net Income-6.84M-8.16M

Balance Sheet - A1M 2020 Annual Report

Read further: A1M Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AIC Mines Limited showed the company reduced the cash on balance sheet by $-356000 (-7%). The Net tangible assets of A1M on the balance sheet were at 8.72M which is $-2.36M (-21%) less than previous annual report. The total stockholder equity also decreased by $-2.36M (-21%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash5.07M5.42M
Total Assets9.94M 11.91M
Long Term Debt--
Total Liabilities1.22M 826k
Total Shareholder Equity8.72M11.08M
Net Tangible Assets8.72M11.08M

Cash Flow Statement - A1M 2020 Annual Report

The 2020 annual cash flow statement of AIC Mines Limited showed that the net income increased by $1.33M (16%) compared to previous reporting period. Also the capital expenditure of A1M increased by $123000 (77%).

As of 2020, the total cash from investing activities was 808k and total cash from financing activities was 4.24M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-6.84M-8.16M
Capital Expenditures-37k-160k
Dividends Paid--
Total Cash From From Investing Activities808k2.48M
Total Cash From From Financing Activities4.24M-31k

AIC Mines Limited Annual Report History

Income Statement

Income Statement history of AIC Mines Limited (ASX:A1M)

31 Dec 202031 Dec 201931 Dec 201830 Jun 2018
Total Revenue---118.36k
Cost Of Revenue----
Gross Profit---118.36k
Research Development----
Selling General Administrative1.55M1.97M738k439.79k
Non Recurring----
Other Operating Expenses-120k-120k-120k-120k
Total Operating Expenses5.83M4.29M3.74M2.3M
Operating Income-5.83M-4.29M-3.74M-2.18M
Total Other Income Expense Net-1M-3.88M2.35M-124.25k
Ebit-5.83M-4.29M-3.74M-2.18M
Interest Expense----
Income Before Tax-6.84M-8.16M-1.4M-2.31M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-6.84M-8.16M-1.4M-2.31M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-6.84M-8.16M-1.4M-2.31M
Net Income Applicable To Common Shares-6.84M-8.16M-1.4M-2.31M

Balance Sheet Statement

Balance Sheet Statement history of AIC Mines Limited (ASX:A1M)

31 Dec 202031 Dec 201931 Dec 201830 Jun 2018
Cash5.07M5.42M5.28M7.76M
Net Receivables368k94k192k85.23k
Total Current Assets8.24M10.22M7.86M8.11M
Property Plant Equipment1.69M1.69M1.32M1.36M
Total Assets9.94M11.91M9.17M9.46M
Accounts Payable527k96k64k100.1k
Other Current Liab23k2k15k1.23k
Total Current Liabilities1.22M826k89k132.79k
Total Liab1.22M826k89k132.79k
Common Stock25.87M21.52M11.93M11.93M
Retained Earnings-17.84M-11.01M-2.84M-2.6M
Treasury Stock692k572k--
Other Stockholder Equity692k572k--
Total Stockholder Equity8.72M11.08M9.09M9.33M
Net Tangible Assets8.72M11.08M9.09M9.33M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of AIC Mines Limited (ASX:A1M)

31 Dec 202031 Dec 201931 Dec 201830 Jun 2018
Net Income-6.84M-8.16M-1.4M-2.31M
Depreciation35k84k80k45.11k
Change To Netincome1.36M4.89M-2.08M-87.37k
Change To Account Receivables-313k98k-104k-51.29k
Change To Liabilities325k669k-198k89.89k
Change To Operating Activities17k119k-158k-158k
Total Cash From Operating Activities-5.41M-2.31M-3.86M-2.31M
Capital Expenditures-37k-160k-109k-196.16k
Investments845k-321k-321k-321k
Total Cashflows From Investing Activities808k2.48M-109k-196.16k
Other Cashflows From Financing Activities-437k-31k-58k-643.99k
Total Cash From Financing Activities4.24M-31k-58k9.56M
Change In Cash-356k145k-4.03M7.05M
Issuance Of Stock4.68M4.68M4.68M10.2M
Dividends Paid----