African Energy Resources Limited (ASX:AFR) Annual Report 2020



The latest annual report of African Energy Resources Limited (AFR) was published on 30 Jun 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 - AFR Annual Results

Amounts in USD

Total Revenue
-
Gross Profit
-
EBIT
-2.9M
Net Tangible Assets
8.59M
Net Income
-3.37M
Capital Expenditures
-

AFR Income Statement 2020 Annual Report

As per the latest Income Statement of AFR, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 decreased by $-2.55M (-720%). The net income as per the annual report was -3.37M which decreased by $-2.45M (-264%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit--
Operating Income-2.9M-353.44k
Income Before Tax-3.37M-927.79k
Net Income-3.37M-927.79k

Balance Sheet - AFR 2020 Annual Report

Read further: AFR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of African Energy Resources Limited showed the company reduced the cash on balance sheet by $-928722 (-48%). The Net tangible assets of AFR on the balance sheet were at 8.59M which is $-3.41M (-28%) less than previous annual report. The total stockholder equity also decreased by $-3.41M (-28%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.01M1.94M
Total Assets8.74M 12.1M
Long Term Debt--
Total Liabilities146.81k 100.54k
Total Shareholder Equity8.59M12M
Net Tangible Assets8.59M12M

Cash Flow Statement - AFR 2020 Annual Report

The 2020 annual cash flow statement of African Energy Resources Limited showed that the net income decreased by $-2.45M (-264%) compared to previous reporting period. Also the capital expenditure of AFR increased by $NaN (NaN%).

As of 2020, the total cash from investing activities was -447.29k and total cash from financing activities was -.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-3.37M-927.79k
Capital Expenditures--
Dividends Paid--
Total Cash From From Investing Activities-447.29k347.95k
Total Cash From From Financing Activities--

African Energy Resources Limited Annual Report History

Income Statement

Income Statement history of African Energy Resources Limited (ASX:AFR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue----
Cost Of Revenue----
Gross Profit----
Research Development----
Selling General Administrative342.71k463.69k879.21k898.4k
Non Recurring----
Other Operating Expenses-24.78k-24.78k5159.5k
Total Operating Expenses2.9M353.44k4.28M1.23M
Operating Income-2.9M-353.44k-4.28M-1.23M
Total Other Income Expense Net-473.37k-574.35k270.72k-384.17k
Ebit-2.9M-353.44k-4.28M-1.23M
Interest Expense----
Income Before Tax-3.37M-927.79k-4.01M-1.62M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-3.37M-927.79k-4.01M-1.62M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-3.37M-927.79k-4.01M-1.62M
Net Income Applicable To Common Shares-3.37M-927.79k-4.01M-1.62M

Balance Sheet Statement

Balance Sheet Statement history of African Energy Resources Limited (ASX:AFR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.01M1.94M2.3M2.62M
Short Term Investments631.26k630.61k1.15M-
Net Receivables19.23k51.48k37.25k138.79k
Total Current Assets1.66M2.68M3.67M2.76M
Long Term Investments7.08M6.92M7.3M8.06M
Total Assets8.74M12.1M13.47M16.72M
Accounts Payable11.02k63.71k26.39k49.94k
Total Current Liabilities146.81k100.54k83.89k118.67k
Total Liab146.81k100.54k83.89k118.68k
Common Stock64.13M64.13M64.13M63.11M
Retained Earnings-50.11M-51.72M-50.78M-46.76M
Treasury Stock-5.43M-412.63k25.85k252.02k
Other Stockholder Equity-5.43M-412.63k25.85k252.02k
Total Stockholder Equity8.59M12M13.39M16.6M
Net Tangible Assets8.59M12M13.39M16.6M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of African Energy Resources Limited (ASX:AFR)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-3.37M-927.79k-4.01M-1.62M
Depreciation2.5M293.4M917
Change To Netincome480.9k392.59k-292.57k323.87k
Change To Account Receivables29.22k-14.23k101.53k-33.59k
Change To Liabilities-67.79k16.65k-27.53k-54.66k
Total Cash From Operating Activities-430.65k-532.75k-834.51k-1.38M
Investments-447.29k347.95k-371.37k-371.37k
Total Cashflows From Investing Activities-447.29k347.95k-371.37k-371.37k
Effect Of Exchange Rate-50.79k-173.71k-140.72k61.12k
Change In Cash-928.72k-358.5k-321.54k-1.32M
Capital Expenditures----
Dividends Paid----
Total Cash From Financing Activities--1.03M1.03M