Armour Energy Limited (ASX:AJQ) Annual Report 2020



The latest annual report of Armour Energy Limited (AJQ) 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 - AJQ Annual Results

Amounts in AUD

Total Revenue
21.1M
Gross Profit
1.62M
EBIT
-2.52M
Net Tangible Assets
41.95M
Net Income
-9.57M
Capital Expenditures
-24.5M

AJQ Income Statement 2020 Annual Report

As per the latest Income Statement of AJQ, the Net revenue decreased by $-6.72M (-24%) compared to the previous period. The operating income in 2020 decreased by $-4.97M (-203%). The net income as per the annual report was -9.57M which increased by $2.11M (18%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue21.1M27.82M
Gross Profit1.62M8.8M
Operating Income-2.52M2.45M
Income Before Tax-9.09M-11M
Net Income-9.57M-11.68M

Balance Sheet - AJQ 2020 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 $-5.98M (-65%). The Net tangible assets of AJQ on the balance sheet were at 41.95M which is $-2.81M (-6%) less than previous annual report. The total stockholder equity also decreased by $-2.59M (-6%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash3.25M9.23M
Total Assets111.98M 116.55M
Long Term Debt43.12M57.42M
Total Liabilities69.8M 71.79M
Total Shareholder Equity42.17M44.76M
Net Tangible Assets41.95M44.76M

Cash Flow Statement - AJQ 2020 Annual Report

The 2020 annual cash flow statement of Armour Energy Limited showed that the net income increased by $2.11M (18%) compared to previous reporting period. Also the capital expenditure of AJQ decreased by $-7.60M (-45%).

As of 2020, the total cash from investing activities was -6.82M and total cash from financing activities was 3.89M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-9.57M-11.68M
Capital Expenditures-24.5M-16.91M
Dividends Paid--
Total Cash From From Investing Activities-6.82M-13.69M
Total Cash From From Financing Activities3.89M25.55M

Armour Energy Limited Annual Report History

Income Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue21.1M27.82M14.75M618.28k
Cost Of Revenue19.48M19.02M10.77M165.41k
Gross Profit1.62M8.8M3.98M452.86k
Research Development----
Selling General Administrative3.35M6.17M4.67M4.31M
Non Recurring----
Other Operating Expenses-61.98k355.28k1.09M
Total Operating Expenses23.62M25.37M18.12M8.81M
Operating Income-2.52M2.45M-3.37M-8.2M
Total Other Income Expense Net-6.57M-13.45M-8.74M-3.28M
Ebit-2.52M2.45M-3.37M-8.2M
Interest Expense-6.25M-9.73M-8.78M-1.99M
Income Before Tax-9.09M-11M-12.11M-11.47M
Income Tax Expense476.31k687.51k-556.2k-
Minority Interest----
Net Income From Continuing Ops-9.57M-11.68M-11.56M-11.47M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-9.57M-11.68M-11.56M-11.47M
Net Income Applicable To Common Shares-9.57M-11.68M-11.56M-11.47M

Balance Sheet Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash3.25M9.23M5.1M7.71M
Net Receivables2.02M2.66M2.38M385k
Inventory2.59M1.96M1.39M961.3k
Other Current Assets912.44k525.5k162.36k10.73k
Total Current Assets8.76M14.38M9.04M9.47M
Long Term Investments1.09M2.13M4.25M2.13M
Property Plant Equipment93.79M91.66M79.92M72.29M
Intangible Assets224.64k---
Other Assets8.11M8.39M8.31M7.84M
Total Assets111.98M116.55M101.52M91.73M
Accounts Payable3.55M2.61M5.6M2.03M
Short Long Term Debt11.71M1.2M1.54M829.72k
Other Current Liab1.63M1.03M1.18M442.56k
Long Term Debt43.12M57.42M37.51M26.39M
Other Liab6.74M7.66M8.55M9.42M
Total Current Liabilities19.91M6.69M10.54M6.87M
Total Liab69.8M71.79M56.68M42.68M
Common Stock121.22M112.82M102.4M97.14M
Retained Earnings-74.58M-65.05M-59M-47.44M
Treasury Stock-4.47M-3.01M1.45M-649.05k
Other Stockholder Equity-4.47M-3.01M1.45M-649.05k
Total Stockholder Equity42.17M44.76M44.85M49.05M
Net Tangible Assets41.95M44.76M44.85M49.05M

Cash Flow Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-9.57M-11.68M-11.56M-11.47M
Depreciation3.73M1.21M882.79k1.66M
Change To Netincome-1.3M3.74M6.2M3.27M
Change To Account Receivables516.68k-380.71k-2.09M39.54k
Change To Liabilities3.03M-1.95M2.88M-1.44M
Change To Inventory-626.76k-648.88k-648.88k-648.88k
Change To Operating Activities-345.13k-1.45M375.12k-258.97k
Total Cash From Operating Activities-3.05M-7.75M-258.01k-7.7M
Capital Expenditures-24.5M-16.91M-12.36M-6.72M
Investments-450k-450k-450k-450k
Other Cashflows From Investing Activities17.85M3.22M4.1M522.7k
Total Cashflows From Investing Activities-6.82M-13.69M-8.27M-6.19M
Net Borrowings-3.85M18.37M2.85M18.57M
Other Cashflows From Financing Activities-690.67k-2.95M-685.41k-1.22M
Total Cash From Financing Activities3.89M25.55M5.92M21.42M
Change In Cash-5.98M4.12M-2.61M7.53M
Issuance Of Stock8.43M10.14M3.75M4.07M
Dividends Paid----