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.

AIC Mines Limited Balance Sheet Statement - Assets

As of 31 Dec 2020, The total current assets of AIC Mines Limited (ASX:A1M) was around $8,243,000 which consisted of $5,066,000 of Cash, no Inventory and $368,000 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
$5.07M
Current assets
$8.24M
Total assets
$9.94M

The latest balance sheet of AIC Mines Limited also showed $1,692,000 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 $9,935,000.

AIC Mines Limited Balance Sheet Statement - Liabilities

A1M's latest annual results shows the balance sheet has $527,000 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $23,000 of Other Current liabilities and $1,219,000 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
$527k
Current liabilities
$1.22M
Total liabilities
$1.22M

As per the 31 Dec 2020's annual report of AIC Mines Limited, the total liabilities were $1,219,000.

A1M 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 AIC Mines Limited showed the total stock holder equity was $8,716,000 which consisted of $25,868,000 of Common stocks, $-17,844,000 of Retained earnings and $692,000 of Other stock holder equity.

A1M Balance Sheet Statement History

Following table shows the history of balance sheet for AIC Mines Limited (A1M).

31 Dec 202031 Dec 201931 Dec 201830 Jun 2018
Cash5.07M5.42M5.28M7.76M
Net Receivables368k94k192k85.23k
Inventory----
Total Current Assets8.24M10.22M7.86M8.11M
Property Plant Equipment1.69M1.69M1.32M1.36M
Good Will----
Intangible Assets----
Other Assets----
Deferred Long Term Asset Charges----
Total Assets9.94M11.91M9.17M9.46M
Accounts Payable527k96k64k100.1k
Short/Long Term Debt----
Other Current Liabilities23k2k15k1.23k
Long Term Debt----
Other Liabilities----
Total Current Liabilities1.22M826k89k132.79k
Total Liabilities1.22M826k89k132.79k
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

AIC Mines Limited (ASX:A1M) Balance Sheet Statement FAQ

1. How much Cash AIC Mines Limited has on their balance sheet?

As of 31 Dec 2020, AIC Mines Limited (ASX:A1M) has $5,066,000 of Cash.

2. What's the long term debt of AIC Mines Limited?

As per the latest Balance sheet of AIC Mines Limited (ASX:A1M), it has no Long term debt.

3. How much share holder equity does AIC Mines Limited has?

The AIC Mines Limited (ASX:A1M)'s balance sheet shows that it has $8,716,000 of Total stock holder equity.