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
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.
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 2020||30 Jun 2019||30 Jun 2018||30 Jun 2017|
|Total Current Assets||41.52M||11.64M||8.87M||592.77k|
|Property Plant Equipment||36.77M||37.94M||35.88M||36.06M|
|Deferred Long Term Asset Charges||-||-||-||-|
|Short/Long Term Debt||11.59k||12.07k||-||6.51M|
|Other Current Liabilities||599||7.72k||4.37k||5.04k|
|Long Term Debt||58.9k||73.41k||3.25M||-|
|Total Current Liabilities||173.7k||321.7k||760.52k||10.8M|
|Other Stockholder Equity||-14.99M||-12.01M||-10.22M||-10.81M|
|Total Stockholder Equity||78.74M||49.74M||40.95M||25.86M|
|Net Tangible Assets||78.57M||49.63M||40.95M||25.86M|
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.