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
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.
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 2020||31 Dec 2019||31 Dec 2018|
|Total Current Assets||4.8M||2.11M||92.12k|
|Property Plant Equipment||3.78M||3.15M||2.97M|
|Deferred Long Term Asset Charges||-||-||-|
|Short/Long Term Debt||-||-||240k|
|Other Current Liabilities||-||836.73k||407.34k|
|Long Term Debt||-||-||-|
|Total Current Liabilities||271.63k||961.02k||900.32k|
|Other Stockholder Equity||31.14k||-161.04k||-110.49k|
|Total Stockholder Equity||8.31M||4.16M||2.07M|
|Net Tangible Assets||8.31M||4.16M||2.07M|
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.