Aspire Mining Limited (ASX:AKM) Annual Report 2020



The latest annual report of Aspire Mining Limited (AKM) 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 - AKM Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-
EBIT
-5.8M
Net Tangible Assets
78.57M
Net Income
-5.44M
Capital Expenditures
-1.41M

AKM Income Statement 2020 Annual Report

As per the latest Income Statement of AKM, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 increased by $763197 (12%). The net income as per the annual report was -5.44M which increased by $601543 (10%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit--1.05M
Operating Income-5.8M-6.57M
Income Before Tax-5.48M-6.18M
Net Income-5.44M-6.04M

Balance Sheet - AKM 2020 Annual Report

Read further: AKM Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Aspire Mining Limited showed the company increased the cash on balance sheet by $29.58M (266%). The Net tangible assets of AKM on the balance sheet were at 78.57M which is $28.94M (58%) more than previous annual report. The total stockholder equity also increased by $29.00M (58%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash40.71M11.14M
Total Assets78.46M 49.69M
Long Term Debt58.9k73.41k
Total Liabilities232.61k 395.11k
Total Shareholder Equity78.74M49.74M
Net Tangible Assets78.57M49.63M

Cash Flow Statement - AKM 2020 Annual Report

The 2020 annual cash flow statement of Aspire Mining Limited showed that the net income increased by $601543 (10%) compared to previous reporting period. Also the capital expenditure of AKM increased by $490778 (26%).

As of 2020, the total cash from investing activities was -1.61M and total cash from financing activities was 35.11M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-5.44M-6.04M
Capital Expenditures-1.41M-1.9M
Dividends Paid--
Total Cash From From Investing Activities-1.61M-2.27M
Total Cash From From Financing Activities35.11M11.98M

Aspire Mining Limited Annual Report History

Income Statement

Income Statement history of Aspire Mining Limited (ASX:AKM)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue----
Cost Of Revenue-1.05M735.72k-
Gross Profit--1.05M-735.72k-
Research Development----
Selling General Administrative1.04M1.34M752.72k411.47k
Non Recurring----
Other Operating Expenses3.37M3.82M1.68M1.01M
Total Operating Expenses5.8M6.57M6.56M3.82M
Operating Income-5.8M-6.57M-6.56M-3.82M
Total Other Income Expense Net327.45k386.64k-406.23k-1.06M
Ebit-5.8M-6.57M-6.56M-3.82M
Interest Expense-13.76k-164.84k-581.92k-771.82k
Income Before Tax-5.48M-6.18M-6.97M-4.88M
Income Tax Expense11.51k19.61k15.08k5.23k
Minority Interest-512.92k-446.06k-201.72k-201.72k
Net Income From Continuing Ops-5.49M-6.2M-6.98M-4.88M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-5.44M-6.04M-6.64M-4.88M
Net Income Applicable To Common Shares-5.44M-6.04M-6.64M-4.88M

Balance Sheet Statement

Balance Sheet Statement history of Aspire Mining Limited (ASX:AKM)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash40.71M11.14M7.49M412.09k
Net Receivables356.71k171.06k148.25k50.45k
Total Current Assets41.52M11.64M8.87M592.77k
Property Plant Equipment36.77M37.94M35.88M36.06M
Intangible Assets171.11k112.62k--
Total Assets78.46M49.69M44.75M36.66M
Accounts Payable130.59k241.28k575.96k141.54k
Short Long Term Debt11.59k12.07k-6.51M
Other Current Liab5997.72k4.37k5.04k
Long Term Debt58.9k73.41k3.25M-
Minority Interest-512.92k-446.06k-201.72k-
Total Current Liabilities173.7k321.7k760.52k10.8M
Total Liab232.61k395.11k4.01M10.8M
Common Stock158M121.71M105.09M84.13M
Retained Earnings-64.27M-59.96M-53.92M-47.46M
Treasury Stock-14.99M-12.01M-10.22M-10.81M
Other Stockholder Equity-14.99M-12.01M-10.22M-10.81M
Total Stockholder Equity78.74M49.74M40.95M25.86M
Net Tangible Assets78.57M49.63M40.95M25.86M

Cash Flow Statement

Cash Flow Statement history of Aspire Mining Limited (ASX:AKM)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-5.44M-6.04M-6.64M-4.88M
Depreciation1.43M133.16k2.66M2.02M
Change To Netincome208.35k37.06k1.3M406.45k
Change To Account Receivables-289.74k358.22k-629.54k174.22k
Change To Liabilities315.44k-603.14k-417.76k834.15k
Total Cash From Operating Activities-3.68M-6.08M-3.73M-1.45M
Capital Expenditures-1.41M-1.9M-1.18M-1.9M
Other Cashflows From Investing Activities-198.22k-364.6k-101.24k167.58k
Total Cashflows From Investing Activities-1.61M-2.27M-1.28M-1.74M
Net Borrowings-14.99k-13.32k-629.83k2.85M
Other Cashflows From Financing Activities-1.16M-684.22k-282.88k-2.34k
Total Cash From Financing Activities35.11M11.98M12.09M3.19M
Effect Of Exchange Rate-253.12k12.81k-3.06k-5.71k
Change In Cash29.58M3.65M7.08M-6.44k
Issuance Of Stock36.28M12.68M13.01M337.4k
Dividends Paid----