Akora Resources Limited (ASX:AKO) Annual Report 2020



The latest annual report of Akora Resources Limited (AKO) 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 - AKO Annual Results

Amounts in AUD

Total Revenue
31
Gross Profit
31
EBIT
-859.64k
Net Tangible Assets
8.31M
Net Income
-1.46M
Capital Expenditures
-788.33k

AKO Income Statement 2020 Annual Report

As per the latest Income Statement of AKO, the Net revenue decreased by $-171 (-85%) compared to the previous period. The operating income in 2020 increased by $134777 (14%). The net income as per the annual report was -1.46M which decreased by $-510557 (-54%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue31202
Gross Profit31202
Operating Income-859.64k-994.42k
Income Before Tax-1.46M-914.05k
Net Income-1.46M-945.98k

Balance Sheet - AKO 2020 Annual Report

Read further: AKO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Akora Resources Limited showed the company increased the cash on balance sheet by $2.68M (128%). The Net tangible assets of AKO on the balance sheet were at 8.31M which is $4.15M (100%) more than previous annual report. The total stockholder equity also increased by $4.15M (100%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash4.77M2.09M
Total Assets8.58M 5.26M
Long Term Debt--
Total Liabilities271.63k 961.02k
Total Shareholder Equity8.31M4.16M
Net Tangible Assets8.31M4.16M

Cash Flow Statement - AKO 2020 Annual Report

The 2020 annual cash flow statement of Akora Resources Limited showed that the net income decreased by $-510557 (-54%) compared to previous reporting period. Also the capital expenditure of AKO decreased by $-574939 (-269%).

As of 2020, the total cash from investing activities was -788.33k and total cash from financing activities was 4.78M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-1.46M-945.98k
Capital Expenditures-788.33k-213.39k
Dividends Paid--
Total Cash From From Investing Activities-788.33k-466.87k
Total Cash From From Financing Activities4.78M2.78M

Akora Resources Limited Annual Report History

Income Statement

Income Statement history of Akora Resources Limited (ASX:AKO)

31 Dec 202031 Dec 201931 Dec 2018
Total Revenue312026.51k
Cost Of Revenue---
Gross Profit312026.51k
Research Development---
Selling General Administrative852.96k988.24k198.25k
Non Recurring---
Other Operating Expenses1.91k6.38k3.65k
Total Operating Expenses859.67k994.62k201.9k
Operating Income-859.64k-994.42k-195.39k
Total Other Income Expense Net-596.9k80.37k-138.84k
Ebit-859.64k-994.42k-195.39k
Interest Expense--20k-20k
Income Before Tax-1.46M-914.05k-334.22k
Income Tax Expense---
Minority Interest-134.82k89.82k
Net Income From Continuing Ops-1.46M-914.05k-334.22k
Discontinued Operations---
Extraordinary Items---
Effect Of Accounting Charges---
Other Items---
Net Income-1.46M-945.98k-350.79k
Net Income Applicable To Common Shares-1.46M-945.98k-350.79k

Balance Sheet Statement

Balance Sheet Statement history of Akora Resources Limited (ASX:AKO)

31 Dec 202031 Dec 201931 Dec 2018
Cash4.77M2.09M83.54k
Net Receivables31.52k14.42k5.74k
Other Current Assets2.33k2.81k2.84k
Total Current Assets4.8M2.11M92.12k
Property Plant Equipment3.78M3.15M2.97M
Total Assets8.58M5.26M3.06M
Accounts Payable256.88k100.44k231.69k
Total Current Liabilities271.63k961.02k900.32k
Total Liab271.63k961.02k900.32k
Common Stock24.47M18.83M15.97M
Retained Earnings-16.19M-14.73M-13.79M
Treasury Stock31.14k-161.04k-110.49k
Capital Surplus4.8k221.89k-
Other Stockholder Equity31.14k-161.04k-110.49k
Total Stockholder Equity8.31M4.16M2.07M
Net Tangible Assets8.31M4.16M2.07M
Long Term Debt---

Cash Flow Statement

Cash Flow Statement history of Akora Resources Limited (ASX:AKO)

31 Dec 202031 Dec 201931 Dec 2018
Net Income-1.46M-945.98k-350.79k
Depreciation4.8k4.8k4.8k
Change To Netincome762.25k152.05k152.12k
Change To Account Receivables-17.11k-8.68k-1.81k
Change To Liabilities-471.52k543.67k-71.99k
Total Cash From Operating Activities-1.18M-258.9k-249.85k
Capital Expenditures-788.33k-213.39k-81.62k
Total Cashflows From Investing Activities-788.33k-466.87k-75.61k
Other Cashflows From Financing Activities-352.5k-49.78k-49.78k
Total Cash From Financing Activities4.78M2.78M8.7k
Effect Of Exchange Rate-134.66k-48.52k-48.52k
Change In Cash2.68M2.01M-316.75k
Issuance Of Stock5.13M2.73M8.7k
Dividends Paid---