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.

Akora Resources Limited Balance Sheet Statement - Assets

As of 31 Dec 2020, The total current assets of Akora Resources Limited (ASX:AKO) was around $4,803,763 which consisted of $4,769,912 of Cash, no Inventory and $31,525 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
$4.77M
Current assets
$4.8M
Total assets
$8.58M

The latest balance sheet of Akora Resources Limited also showed $3,780,269 of Property Plant Equipment and no Good will. Also there were no Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $8,584,032.

Akora Resources Limited Balance Sheet Statement - Liabilities

AKO's latest annual results shows the balance sheet has $256,879 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $271,628 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
$256.88k
Current liabilities
$271.63k
Total liabilities
$271.63k

As per the 31 Dec 2020's annual report of Akora Resources Limited, the total liabilities were $271,628.

AKO 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 Akora Resources Limited showed the total stock holder equity was $8,312,404 which consisted of $24,467,443 of Common stocks, $-16,190,976 of Retained earnings and $31,137 of Other stock holder equity.

AKO Balance Sheet Statement History

Following table shows the history of balance sheet for Akora Resources Limited (AKO).

31 Dec 202031 Dec 201931 Dec 2018
Cash4.77M2.09M83.54k
Net Receivables31.52k14.42k5.74k
Inventory---
Total Current Assets4.8M2.11M92.12k
Property Plant Equipment3.78M3.15M2.97M
Good Will---
Intangible Assets---
Other Assets---
Deferred Long Term Asset Charges---
Total Assets8.58M5.26M3.06M
Accounts Payable256.88k100.44k231.69k
Short/Long Term Debt--240k
Other Current Liabilities-836.73k407.34k
Long Term Debt---
Other Liabilities---
Total Current Liabilities271.63k961.02k900.32k
Total Liabilities271.63k961.02k900.32k
Common Stock24.47M18.83M15.97M
Retained Earnings-16.19M-14.73M-13.79M
Treasury Stock31.14k-161.04k-110.49k
Other Stockholder Equity31.14k-161.04k-110.49k
Total Stockholder Equity8.31M4.16M2.07M
Net Tangible Assets8.31M4.16M2.07M

Akora Resources Limited (ASX:AKO) Balance Sheet Statement FAQ

1. How much Cash Akora Resources Limited has on their balance sheet?

As of 31 Dec 2020, Akora Resources Limited (ASX:AKO) has $4,769,912 of Cash.

2. What's the long term debt of Akora Resources Limited?

As per the latest Balance sheet of Akora Resources Limited (ASX:AKO), it has no Long term debt.

3. How much share holder equity does Akora Resources Limited has?

The Akora Resources Limited (ASX:AKO)'s balance sheet shows that it has $8,312,404 of Total stock holder equity.