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.

Aspire Mining Limited Balance Sheet Statement - Assets

As of 30 Jun 2020, The total current assets of Aspire Mining Limited (ASX:AKM) was around $41,515,309 which consisted of $40,712,949 of Cash, no Inventory and $356,712 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
$40.71M
Current assets
$41.52M
Total assets
$78.46M

The latest balance sheet of Aspire Mining Limited also showed $36,774,411 of Property Plant Equipment and no Good will. Also there were $171,113 of Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $78,460,833.

Aspire Mining Limited Balance Sheet Statement - Liabilities

AKM's latest annual results shows the balance sheet has $130,592 of Accounts Payable. Also there were $11,588 of Short/Long term debt, $58,904 of Long term debt, $599 of Other Current liabilities and $173,704 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
$130.59k
Current liabilities
$173.7k
Total liabilities
$232.61k

As per the 30 Jun 2020's annual report of Aspire Mining Limited, the total liabilities were $232,608.

AKM 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 Aspire Mining Limited showed the total stock holder equity was $78,741,144 which consisted of $157,999,366 of Common stocks, $-64,267,695 of Retained earnings and $-14,990,527 of Other stock holder equity.

AKM Balance Sheet Statement History

Following table shows the history of balance sheet for Aspire Mining Limited (AKM).

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash40.71M11.14M7.49M412.09k
Net Receivables356.71k171.06k148.25k50.45k
Inventory----
Total Current Assets41.52M11.64M8.87M592.77k
Property Plant Equipment36.77M37.94M35.88M36.06M
Good Will----
Intangible Assets171.11k112.62k--
Other Assets----
Deferred Long Term Asset Charges----
Total Assets78.46M49.69M44.75M36.66M
Accounts Payable130.59k241.28k575.96k141.54k
Short/Long Term Debt11.59k12.07k-6.51M
Other Current Liabilities5997.72k4.37k5.04k
Long Term Debt58.9k73.41k3.25M-
Other Liabilities----
Total Current Liabilities173.7k321.7k760.52k10.8M
Total Liabilities232.61k395.11k4.01M10.8M
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

Aspire Mining Limited (ASX:AKM) Balance Sheet Statement FAQ

1. How much Cash Aspire Mining Limited has on their balance sheet?

As of 30 Jun 2020, Aspire Mining Limited (ASX:AKM) has $40,712,949 of Cash.

2. What's the long term debt of Aspire Mining Limited?

As per the latest Balance sheet of Aspire Mining Limited (ASX:AKM), it has $58,904 of Long term debt.

3. How much share holder equity does Aspire Mining Limited has?

The Aspire Mining Limited (ASX:AKM)'s balance sheet shows that it has $78,741,144 of Total stock holder equity.