AuKing Mining Limited (ASX:AKN) Annual Report 2020



The latest annual report of AuKing Mining Limited (AKN) was published on 31 Dec 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 - AKN Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-224.93k
EBIT
-1.04M
Net Tangible Assets
-3.47M
Net Income
-1.43M
Capital Expenditures
-

AKN Income Statement 2020 Annual Report

As per the latest Income Statement of AKN, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 decreased by $-102592 (-11%). The net income as per the annual report was -1.43M which decreased by $-284447 (-25%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit-224.93k-37.9k
Operating Income-1.04M-941.16k
Income Before Tax-1.43M-1.14M
Net Income-1.43M-1.14M

Balance Sheet - AKN 2020 Annual Report

Read further: AKN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AuKing Mining Limited showed the company reduced the cash on balance sheet by $-75505 (-78%). The Net tangible assets of AKN on the balance sheet were at -3.47M which is $-1.26M (-57%) less than previous annual report. The total stockholder equity also decreased by $-1.26M (-57%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash21.16k96.66k
Total Assets133.17k 111.46k
Long Term Debt--
Total Liabilities3.6M 2.32M
Total Shareholder Equity-3.47M-2.21M
Net Tangible Assets-3.47M-2.21M

Cash Flow Statement - AKN 2020 Annual Report

The 2020 annual cash flow statement of AuKing Mining Limited showed that the net income decreased by $-284447 (-25%) compared to previous reporting period. Also the capital expenditure of AKN increased by $NaN (NaN%).

As of 2020, the total cash from investing activities was -100k and total cash from financing activities was 358k.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-1.43M-1.14M
Capital Expenditures--
Dividends Paid--
Total Cash From From Investing Activities-100k51.48k
Total Cash From From Financing Activities358k625k

AuKing Mining Limited Annual Report History

Income Statement

Income Statement history of AuKing Mining Limited (ASX:AKN)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Total Revenue----
Cost Of Revenue224.93k37.9k154.58k81.5k
Gross Profit-224.93k-37.9k-154.58k-81.5k
Research Development----
Selling General Administrative831.9k901.39k989.83k1.16M
Non Recurring----
Other Operating Expenses-14.12k-14.12k-14.12k-14.12k
Total Operating Expenses1.04M941.16k1.15M1.26M
Operating Income-1.04M-941.16k-1.15M-1.26M
Total Other Income Expense Net-383.25k-201.39k-98.1k-973.77k
Ebit-1.04M-941.16k-1.15M-1.26M
Interest Expense-213.18k-210.87k-46.67k-548
Income Before Tax-1.43M-1.14M-1.25M-2.24M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-1.43M-1.14M-1.25M-2.24M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-1.43M-1.14M-1.25M-2.24M
Net Income Applicable To Common Shares-1.43M-1.14M-1.25M-2.24M

Balance Sheet Statement

Balance Sheet Statement history of AuKing Mining Limited (ASX:AKN)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Cash21.16k96.66k80.3k370.33k
Net Receivables9.15k3.87k45.25k9.59k
Total Current Assets30.31k107.56k155k409.52k
Property Plant Equipment3851.43k3.31k6.05k
Other Assets102.47k2.47k3.85k12.99k
Total Assets133.17k111.46k204.16k522.56k
Accounts Payable311.11k32.25k90.43k26.07k
Other Current Liab115.06k41.77k23.38k20.33k
Total Current Liabilities3.6M2.32M1.27M342.09k
Total Liab3.6M2.32M1.27M342.09k
Common Stock42.63M42.63M42.63M42.63M
Retained Earnings-46.1M-45.22M-44.08M-42.84M
Total Stockholder Equity-3.47M-2.21M-1.07M180.47k
Net Tangible Assets-3.47M-2.21M-1.07M180.47k
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of AuKing Mining Limited (ASX:AKN)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Net Income-1.43M-1.14M-1.25M-2.24M
Depreciation1.04k1.88k5.87k19.48k
Change To Netincome355.45k199.67k98.67k982.46k
Change To Account Receivables-5.29k41.38k-35.65k5.84k
Change To Liabilities734.33k207.94k116.9k-17.53k
Change To Operating Activities7.97k31.58k16.53k17.89k
Total Cash From Operating Activities-333.5k-660.11k-1.05M-1.23M
Other Cashflows From Investing Activities-100k-100k9.14k4.07k
Total Cashflows From Investing Activities-100k51.48k6.01k-741.84k
Net Borrowings358k625k750k250k
Total Cash From Financing Activities358k625k750k250k
Change In Cash-75.5k16.37k-290.04k-1.72M
Capital Expenditures---3.12k-3.12k
Dividends Paid----