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

Cash
$1.01M
Current assets
$1.66M
Total assets
$8.74M

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.

Account payable
$11.02k
Current liabilities
$146.81k
Total liabilities
$146.81k

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 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.01M1.94M2.3M2.62M
Net Receivables19.23k51.48k37.25k138.79k
Inventory----
Total Current Assets1.66M2.68M3.67M2.76M
Property Plant Equipment-2.5M2.5M5.9M
Good Will----
Intangible Assets----
Other Assets----
Deferred Long Term Asset Charges----
Total Assets8.74M12.1M13.47M16.72M
Accounts Payable11.02k63.71k26.39k49.94k
Short/Long Term Debt----
Other Current Liabilities----
Long Term Debt----
Other Liabilities---1
Total Current Liabilities146.81k100.54k83.89k118.67k
Total Liabilities146.81k100.54k83.89k118.68k
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

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.