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.
AF Legal Group Limited Balance Sheet Statement - Assets
As of 30 Jun 2020, The total current assets of AF Legal Group Limited (ASX:AFL) was around $3,497,952 which consisted of $1,554,743 of Cash, no Inventory and $1,801,746 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
The latest balance sheet of AF Legal Group Limited also showed $795,241 of Property Plant Equipment and $5,465,470 of Good will. Also there were $1,266,303 of Intangible assets and $563,475 of Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $11,588,441.
AF Legal Group Limited Balance Sheet Statement - Liabilities
AFL's latest annual results shows the balance sheet has $1,470,891 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $752,516 of Other Current liabilities and $2,794,814 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.
As per the 30 Jun 2020's annual report of AF Legal Group Limited, the total liabilities were $3,666,978.
AFL 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 AF Legal Group Limited showed the total stock holder equity was $7,921,463 which consisted of $122,905,429 of Common stocks, $-115,352,697 of Retained earnings and $368,731 of Other stock holder equity.
AFL Balance Sheet Statement History
Following table shows the history of balance sheet for AF Legal Group Limited (AFL).
|30 Jun 2020||30 Jun 2019||30 Jun 2018||30 Jun 2017|
|Total Current Assets||3.5M||3.11M||716.34k||767.26k|
|Property Plant Equipment||795.24k||38.43k||27.12k||27.12k|
|Deferred Long Term Asset Charges||563.48k||125.6k||-||-|
|Short/Long Term Debt||-||-||-||-|
|Other Current Liabilities||752.52k||1.02M||-||-|
|Long Term Debt||-||-||-||-|
|Total Current Liabilities||2.79M||2.46M||47.08k||22.38k|
|Other Stockholder Equity||368.73k||-||-||-|
|Total Stockholder Equity||7.92M||7.13M||696.38k||771.99k|
|Net Tangible Assets||1.19M||485.96k||696.38k||771.99k|
AF Legal Group Limited (ASX:AFL) Balance Sheet Statement FAQ
1. How much Cash AF Legal Group Limited has on their balance sheet?
As of 30 Jun 2020, AF Legal Group Limited (ASX:AFL) has $1,554,743 of Cash.
2. What's the long term debt of AF Legal Group Limited?
As per the latest Balance sheet of AF Legal Group Limited (ASX:AFL), it has no Long term debt.
3. How much share holder equity does AF Legal Group Limited has?
The AF Legal Group Limited (ASX:AFL)'s balance sheet shows that it has $7,921,463 of Total stock holder equity.