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.

Academies Australasia Group Limited Balance Sheet Statement - Assets

As of 30 Jun 2020, The total current assets of Academies Australasia Group Limited (ASX:AKG) was around $23,152,000 which consisted of $16,904,000 of Cash, no Inventory and $4,250,000 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 AUD

Cash
$16.9M
Current assets
$23.15M
Total assets
$102.06M

The latest balance sheet of Academies Australasia Group Limited also showed $41,059,000 of Property Plant Equipment and $32,376,000 of Good will. Also there were $20,000 of Intangible assets and $5,455,000 of Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $102,062,000.

Academies Australasia Group Limited Balance Sheet Statement - Liabilities

AKG's latest annual results shows the balance sheet has $1,137,000 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, $20,009,000 of Other Current liabilities and $30,637,000 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
$1.14M
Current liabilities
$30.64M
Total liabilities
$68.46M

As per the 30 Jun 2020's annual report of Academies Australasia Group Limited, the total liabilities were $68,460,000.

AKG 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 Academies Australasia Group Limited showed the total stock holder equity was $33,011,000 which consisted of $42,066,000 of Common stocks, $-9,125,000 of Retained earnings and $70,000 of Other stock holder equity.

AKG Balance Sheet Statement History

Following table shows the history of balance sheet for Academies Australasia Group Limited (AKG).

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash16.9M15M12.97M10.49M
Net Receivables4.25M4.29M9.7M10.55M
Inventory----
Total Current Assets23.15M22.21M26.62M30.34M
Property Plant Equipment41.06M29.04M6.72M7.16M
Good Will32.38M32.38M32.37M32.31M
Intangible Assets20k35k43k50k
Other Assets5.46M6.29M6.75M6.14M
Deferred Long Term Asset Charges5.04M5.85M4.01M2.95M
Total Assets102.06M89.96M72.5M76M
Accounts Payable1.14M425k551k2.59M
Short/Long Term Debt--1M1.9M
Other Current Liabilities20.01M21.75M26.47M25.71M
Long Term Debt--123k2.62M
Other Liabilities474k424k5.78M6.45M
Total Current Liabilities30.64M29.88M29.66M32.58M
Total Liabilities68.46M55.42M35.65M41.73M
Common Stock42.07M42.07M43.52M42.68M
Retained Earnings-9.12M-8.02M-7.09M-8.75M
Treasury Stock70k118k68k143k
Other Stockholder Equity70k118k68k143k
Total Stockholder Equity33.01M34.16M36.49M34.07M
Net Tangible Assets615k1.75M4.08M1.71M

Academies Australasia Group Limited (ASX:AKG) Balance Sheet Statement FAQ

1. How much Cash Academies Australasia Group Limited has on their balance sheet?

As of 30 Jun 2020, Academies Australasia Group Limited (ASX:AKG) has $16,904,000 of Cash.

2. What's the long term debt of Academies Australasia Group Limited?

As per the latest Balance sheet of Academies Australasia Group Limited (ASX:AKG), it has no Long term debt.

3. How much share holder equity does Academies Australasia Group Limited has?

The Academies Australasia Group Limited (ASX:AKG)'s balance sheet shows that it has $33,011,000 of Total stock holder equity.