Abilene Oil and Gas Limited (ASX:ABL) Annual Report 2019



The latest annual report of Abilene Oil and Gas Limited (ABL) was published on 30 Jun 2019. 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 - ABL Annual Results

Amounts in AUD

Total Revenue
42.52k
Gross Profit
40.45k
EBIT
-652.37k
Net Tangible Assets
-979.95k
Net Income
-1.07M
Capital Expenditures
-116.1k

ABL Income Statement 2019 Annual Report

As per the latest Income Statement of ABL, the Net revenue decreased by $-276348 (-87%) compared to the previous period. The operating income in 2019 decreased by $-243672 (-60%). The net income as per the annual report was -1.07M which increased by $259104 (19%) compared to previous year.

Income Statement Report (2019/2018)

20192018
Total Revenue42.52k318.87k
Gross Profit40.45k295.69k
Operating Income-652.37k-408.69k
Income Before Tax-1.07M-1.33M
Net Income-1.07M-1.33M

Balance Sheet - ABL 2019 Annual Report

Read further: ABL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Abilene Oil and Gas Limited showed the company reduced the cash on balance sheet by $-231535 (-78%). The Net tangible assets of ABL on the balance sheet were at -979.95k which is $-810875 (-480%) less than previous annual report. The total stockholder equity also decreased by $-810875 (-480%) compared to previous reporting period.

Balance Sheet Statement Report (2019/2018)

20192018
Cash65.73k297.26k
Total Assets4.95M 5.67M
Long Term Debt--
Total Liabilities5.93M 5.84M
Total Shareholder Equity-979.95k-169.07k
Net Tangible Assets-979.95k-169.07k

Cash Flow Statement - ABL 2019 Annual Report

The 2019 annual cash flow statement of Abilene Oil and Gas Limited showed that the net income increased by $259104 (19%) compared to previous reporting period. Also the capital expenditure of ABL increased by $216130 (65%).

As of 2019, the total cash from investing activities was 541.79k and total cash from financing activities was -489.68k.

Cash Flow Statement Report (2019/2018)

20192018
Net Income-1.07M-1.33M
Capital Expenditures-116.1k-332.23k
Dividends Paid--
Total Cash From From Investing Activities541.79k125k
Total Cash From From Financing Activities-489.68k420k

Abilene Oil and Gas Limited Annual Report History

Income Statement

Income Statement history of Abilene Oil and Gas Limited (ASX:ABL)

30 Jun 201930 Jun 201830 Jun 201730 Jun 2016
Total Revenue42.52k318.87k96.54k293.11k
Cost Of Revenue2.07k23.18k161.07k156.57k
Gross Profit40.45k295.69k-64.53k136.54k
Research Development----
Selling General Administrative422.3k419.56k471.99k486.82k
Non Recurring----
Other Operating Expenses27.08k22.6k93.03k35.36k
Total Operating Expenses694.89k727.56k2.69M804.51k
Operating Income-652.37k-408.69k-2.6M-511.4k
Total Other Income Expense Net-418.83k-921.6k-629.38k-464.83k
Ebit-652.37k-408.69k-2.6M-511.4k
Interest Expense-402.44k-390.82k-317.38k-169.52k
Income Before Tax-1.07M-1.33M-3.23M-976.23k
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-1.07M-1.33M-3.23M-976.23k
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-1.07M-1.33M-3.23M-976.23k
Net Income Applicable To Common Shares-1.07M-1.33M-3.23M-976.23k

Balance Sheet Statement

Balance Sheet Statement history of Abilene Oil and Gas Limited (ASX:ABL)

30 Jun 201930 Jun 201830 Jun 201730 Jun 2016
Cash65.73k297.26k6.33k85.83k
Net Receivables6.91k4.66k3.67k12.68k
Total Current Assets89.54k314.66k22.66k110.15k
Long Term Investments4.86M5.25M6.06M6.55M
Total Assets4.95M5.67M6.09M8.55M
Accounts Payable732.18k565.85k516.73k433.9k
Short Long Term Debt5.06M5.15M3.1M554.75k
Other Current Liab13.93k10.63k8.46k7.86k
Other Liab119.37k113.26k259.81k189.93k
Total Current Liabilities5.81M5.72M3.63M996.51k
Total Liab5.93M5.84M5.12M4.05M
Common Stock64.1M64.1M64.1M64.14M
Retained Earnings-74.77M-73.7M-72.57M-69.35M
Treasury Stock9.69M9.43M9.43M9.7M
Other Stockholder Equity9.69M9.43M9.43M9.7M
Total Stockholder Equity-979.95k-169.07k962.3k4.5M
Net Tangible Assets-979.95k-169.07k962.3k4.5M
Long Term Debt--1.24M2.86M

Cash Flow Statement

Cash Flow Statement history of Abilene Oil and Gas Limited (ASX:ABL)

30 Jun 201930 Jun 201830 Jun 201730 Jun 2016
Net Income-1.07M-1.33M-3.23M-976.23k
Depreciation243.44k262.21k1.97M125.76k
Change To Netincome421.18k765.93k404.55k474.03k
Change To Account Receivables-2.25k-9839.01k12.7k
Change To Liabilities131.69k51.29k467.75k325.51k
Change To Operating Activities-4.16k-82-1.03k-249
Total Cash From Operating Activities-281.29k-251.93k-378.65k-38.48k
Capital Expenditures-116.1k-332.23k-194.31k-1.12M
Other Cashflows From Investing Activities657.89k457.23k457.23k457.23k
Total Cashflows From Investing Activities541.79k125k-283.81k-3.8M
Other Cashflows From Financing Activities-489.68k-489.68k-489.68k-44.14k
Total Cash From Financing Activities-489.68k420k606k3.84M
Effect Of Exchange Rate-2.36k-2.15k-23.05k15.52k
Change In Cash-231.53k290.93k-79.5k17.62k
Dividends Paid----