Allkem Limited (ASX:AKE) Annual Report 2021



The latest annual report of Allkem Limited (AKE) 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 - AKE Annual Results

Amounts in USD

Total Revenue
84.76M
Gross Profit
47.26M
EBIT
4.73M
Net Tangible Assets
666M
Net Income
-59.62M
Capital Expenditures
-97.61M

AKE Income Statement 2021 Annual Report

As per the latest Income Statement of AKE, the Net revenue increased by $7.68M (10%) compared to the previous period. The operating income in 2021 increased by $40.64M (113%). The net income as per the annual report was -59.62M which decreased by $-7.63M (-15%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue84.76M77.08M
Gross Profit47.26M5.25M
Operating Income4.73M-35.91M
Income Before Tax-21.53M-77.01M
Net Income-59.62M-51.99M

Balance Sheet - AKE 2021 Annual Report

Read further: AKE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Allkem Limited showed the company increased the cash on balance sheet by $86.48M (50%). The Net tangible assets of AKE on the balance sheet were at 666M which is $64.54M (11%) more than previous annual report. The total stockholder equity also increased by $64.37M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash258.32M171.84M
Total Assets1.35B 1.15B
Long Term Debt269.02M163.07M
Total Liabilities623.6M 455.09M
Total Shareholder Equity666.73M602.36M
Net Tangible Assets666M601.46M

Cash Flow Statement - AKE 2021 Annual Report

The 2021 annual cash flow statement of Allkem Limited showed that the net income decreased by $-7.63M (-15%) compared to previous reporting period. Also the capital expenditure of AKE increased by $39.32M (29%).

As of 2021, the total cash from investing activities was -94.35M and total cash from financing activities was 198.95M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-59.62M-51.99M
Capital Expenditures-97.61M-136.94M
Dividends Paid--
Total Cash From From Investing Activities-94.35M-137.2M
Total Cash From From Financing Activities198.95M39.08M

Allkem Limited Annual Report History

Income Statement

Income Statement history of Allkem Limited (ASX:AKE)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue84.76M77.08M81.15M17.38M
Cost Of Revenue37.5M71.83M43.99M12.66M
Gross Profit47.26M5.25M37.16M4.71M
Research Development----
Selling General Administrative20.85M20.52M19.18M15.44M
Non Recurring----
Other Operating Expenses2.89M3.64M5.6M143k
Total Operating Expenses80.03M112.99M76.84M31.77M
Operating Income4.73M-35.91M4.3M-14.39M
Total Other Income Expense Net-26.27M-41.1M51.99M16.32M
Ebit4.73M-35.91M4.3M-14.39M
Interest Expense-16.77M-17.65M-5.3M-447k
Income Before Tax-21.53M-77.01M56.3M1.92M
Income Tax Expense67.94M-9.85M1.71M-
Minority Interest58.36M88.22M102.88M102.88M
Net Income From Continuing Ops-89.47M-67.16M54.59M1.92M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-59.62M-51.99M54.62M1.92M
Net Income Applicable To Common Shares-59.62M-51.99M54.62M1.92M

Balance Sheet Statement

Balance Sheet Statement history of Allkem Limited (ASX:AKE)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash258.32M171.84M279.8M316.69M
Net Receivables23.48M16.4M22.51M52.3M
Inventory45.18M30.34M45.62M6.51M
Other Current Assets4.28M5.67M12.28M146k
Total Current Assets331.31M226.9M362.87M375.64M
Long Term Investments20.59M23.17M45.95M104.73M
Property Plant Equipment924.95M834.26M655.56M7.5M
Intangible Assets727k897k920k-
Other Assets71.12M60.43M47.73M34.94M
Total Assets1.35B1.15B1.11B522.82M
Accounts Payable26.44M29.23M26.01M7.46M
Short Long Term Debt21.43M37.29M38.49M728k
Other Current Liab7.52M-28k-
Long Term Debt269.02M163.07M109.05M-
Other Liab244.95M157.75M158.38M11.89M
Minority Interest58.36M88.22M102.88M-
Total Current Liabilities76.51M105.62M110.92M8.82M
Total Liab623.6M455.09M378.34M20.71M
Common Stock668.51M548.46M527.72M527.36M
Retained Earnings10.88M70.5M136.28M81.66M
Treasury Stock-12.66M-16.61M-32.18M-106.92M
Other Stockholder Equity-12.66M-16.61M-32.18M-106.92M
Total Stockholder Equity666.73M602.36M631.82M502.1M
Net Tangible Assets666M601.46M630.9M502.1M

Cash Flow Statement

Cash Flow Statement history of Allkem Limited (ASX:AKE)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income-59.62M-51.99M54.62M1.92M
Depreciation18.91M17.33M8.19M1.88M
Change To Netincome50.34M104k-51.61M-14.6M
Change To Account Receivables-7.14M877k1.76M-3.34M
Change To Liabilities5.02M8.83M-442k432k
Change To Inventory-24.43M7.81M-747k-336k
Change To Operating Activities1.01M6.43M-3.29M66k
Total Cash From Operating Activities-15.7M-10.43M8.49M-13.97M
Capital Expenditures-97.61M-136.94M-41.56M-8.11M
Investments815k-1.18M-10.61M-8.27M
Total Cashflows From Investing Activities-94.35M-137.2M-21.3M-13.05M
Net Borrowings79.6M38.94M-2.95M-217k
Total Cash From Financing Activities198.95M39.08M-23.6M292.23M
Effect Of Exchange Rate-2.42M595k-471k-146k
Change In Cash86.48M-107.96M-36.88M265.05M
Issuance Of Stock119.35M136k352k287.01M
Dividends Paid----