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.
African Energy Resources Limited Balance Sheet Statement - Assets
As of 30 Jun 2020, The total current assets of African Energy Resources Limited (ASX:AFR) was around $1,663,503 which consisted of $1,013,017 of Cash, no Inventory and $19,229 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 USD
The latest balance sheet of African Energy Resources Limited also showed no 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 $8,740,974.
African Energy Resources Limited Balance Sheet Statement - Liabilities
AFR's latest annual results shows the balance sheet has $11,018 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $146,808 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 African Energy Resources Limited, the total liabilities were $146,808.
AFR 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 African Energy Resources Limited showed the total stock holder equity was $8,594,166 which consisted of $64,134,977 of Common stocks, $-50,114,997 of Retained earnings and $-5,425,814 of Other stock holder equity.
AFR Balance Sheet Statement History
Following table shows the history of balance sheet for African Energy Resources Limited (AFR).
|30 Jun 2020||30 Jun 2019||30 Jun 2018||30 Jun 2017|
|Total Current Assets||1.66M||2.68M||3.67M||2.76M|
|Property Plant Equipment||-||2.5M||2.5M||5.9M|
|Deferred Long Term Asset Charges||-||-||-||-|
|Short/Long Term Debt||-||-||-||-|
|Other Current Liabilities||-||-||-||-|
|Long Term Debt||-||-||-||-|
|Total Current Liabilities||146.81k||100.54k||83.89k||118.67k|
|Other Stockholder Equity||-5.43M||-412.63k||25.85k||252.02k|
|Total Stockholder Equity||8.59M||12M||13.39M||16.6M|
|Net Tangible Assets||8.59M||12M||13.39M||16.6M|
African Energy Resources Limited (ASX:AFR) Balance Sheet Statement FAQ
1. How much Cash African Energy Resources Limited has on their balance sheet?
As of 30 Jun 2020, African Energy Resources Limited (ASX:AFR) has $1,013,017 of Cash.
2. What's the long term debt of African Energy Resources Limited?
As per the latest Balance sheet of African Energy Resources Limited (ASX:AFR), it has no Long term debt.
3. How much share holder equity does African Energy Resources Limited has?
The African Energy Resources Limited (ASX:AFR)'s balance sheet shows that it has $8,594,166 of Total stock holder equity.