Armour Energy Limited (ASX:AJQ) Annual Report 2021



The latest annual report of Armour Energy Limited (AJQ) was published on 30 Jun 2021. 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 - AJQ Annual Results

Amounts in AUD

Total Revenue
17.5M
Gross Profit
-4.65M
EBIT
-21.8M
Net Tangible Assets
49.28M
Net Income
-11.59M
Capital Expenditures
-15.48M

AJQ Income Statement 2021 Annual Report

As per the latest Income Statement of AJQ, the Net revenue decreased by $-3.60M (-17%) compared to the previous period. The operating income in 2021 decreased by $-19.28M (-765%). The net income as per the annual report was -11.59M which decreased by $-2.02M (-21%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue17.5M21.1M
Gross Profit-4.65M1.62M
Operating Income-21.8M-2.52M
Income Before Tax-11.59M-9.1M
Net Income-11.59M-9.57M

Balance Sheet - AJQ 2021 Annual Report

Read further: AJQ Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Armour Energy Limited showed the company reduced the cash on balance sheet by $-888000 (-27%). The Net tangible assets of AJQ on the balance sheet were at 49.28M which is $7.33M (17%) more than previous annual report. The total stockholder equity also increased by $7.34M (17%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.36M3.25M
Total Assets104.62M 111.98M
Long Term Debt23.88M43.12M
Total Liabilities55.1M 69.8M
Total Shareholder Equity49.51M42.17M
Net Tangible Assets49.28M41.95M

Cash Flow Statement - AJQ 2021 Annual Report

The 2021 annual cash flow statement of Armour Energy Limited showed that the net income decreased by $-2.02M (-21%) compared to previous reporting period. Also the capital expenditure of AJQ increased by $9.03M (37%).

As of 2021, the total cash from investing activities was 4.77M and total cash from financing activities was 1.4M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-11.59M-9.57M
Capital Expenditures-15.48M-24.5M
Dividends Paid--
Total Cash From From Investing Activities4.77M-6.82M
Total Cash From From Financing Activities1.4M3.7M

Armour Energy Limited Annual Report History

Income Statement

Income Statement history of Armour Energy Limited (ASX:AJQ)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue17.5M21.1M27.82M14.75M
Cost Of Revenue22.15M19.48M19.02M10.77M
Gross Profit-4.65M1.62M8.8M3.98M
Research Development----
Selling General Administrative4.34M3.35M6.17M4.67M
Non Recurring----
Other Operating Expenses--61.98k355.28k
Total Operating Expenses39.31M23.62M25.37M18.12M
Operating Income-21.8M-2.52M2.45M-3.37M
Total Other Income Expense Net10.21M-6.57M-13.45M-8.74M
Ebit-21.8M-2.52M2.45M-3.37M
Interest Expense-5.59M-6.25M-9.73M-8.78M
Income Before Tax-11.59M-9.1M-11M-12.11M
Income Tax Expense-476k687.51k-556.2k
Minority Interest----
Net Income From Continuing Ops-11.59M-9.57M-11.68M-11.56M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-11.59M-9.57M-11.68M-11.56M
Net Income Applicable To Common Shares-11.59M-9.57M-11.68M-11.56M

Balance Sheet Statement

Balance Sheet Statement history of Armour Energy Limited (ASX:AJQ)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash2.36M3.25M9.23M5.1M
Net Receivables2.1M2.02M2.66M2.38M
Inventory2.1M2.59M1.96M1.39M
Other Current Assets876k913k525.5k162.36k
Total Current Assets7.43M8.76M14.38M9.04M
Long Term Investments1.15M1.09M2.13M4.25M
Property Plant Equipment86.17M93.79M91.66M79.92M
Intangible Assets230k225k--
Other Assets9.63M8.11M8.39M8.31M
Total Assets104.62M111.98M116.55M101.52M
Accounts Payable3.82M3.55M2.61M5.6M
Short Long Term Debt13.62M11.71M1.2M1.54M
Other Current Liab3.17M1.62M1.03M1.18M
Long Term Debt23.88M43.12M57.42M37.51M
Other Liab6.72M6.74M7.66M8.55M
Total Current Liabilities23.54M19.91M6.69M10.54M
Total Liab55.1M69.8M71.79M56.68M
Common Stock141.88M121.22M112.82M102.4M
Retained Earnings-86.17M-74.58M-65.05M-59M
Treasury Stock-6.19M-4.46M-3.01M1.45M
Other Stockholder Equity-6.19M-4.46M-3.01M1.45M
Total Stockholder Equity49.51M42.17M44.76M44.85M
Net Tangible Assets49.28M41.95M44.76M44.85M

Cash Flow Statement

Cash Flow Statement history of Armour Energy Limited (ASX:AJQ)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income-11.59M-9.57M-11.68M-11.56M
Depreciation17.58M3.73M1.21M882.79k
Change To Netincome-17.45M-1.3M3.74M6.2M
Change To Account Receivables-88k517k-380.71k-2.09M
Change To Liabilities2.32M3.03M-1.95M2.88M
Change To Inventory491k-627k-648.88k-648.88k
Change To Operating Activities-7k-345k-1.45M375.12k
Total Cash From Operating Activities-7.06M-2.86M-7.75M-258.01k
Capital Expenditures-15.48M-24.5M-16.91M-12.36M
Other Cashflows From Investing Activities-1.41M2.4M3.22M4.1M
Total Cashflows From Investing Activities4.77M-6.82M-13.69M-8.27M
Net Borrowings-19.06M-4.04M18.37M2.85M
Other Cashflows From Financing Activities-562k-691k-2.95M-685.41k
Total Cash From Financing Activities1.4M3.7M25.55M5.92M
Change In Cash-888k-5.98M4.12M-2.61M
Issuance Of Stock21.02M8.43M10.14M3.75M
Dividends Paid----