Alkane Resources Limited (ASX:ALK) Annual Report 2020



The latest annual report of Alkane Resources Limited (ALK) was published on 30 Jun 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 - ALK Annual Results

Amounts in AUD

Total Revenue
72.55M
Gross Profit
30.61M
EBIT
19.64M
Net Tangible Assets
267.39M
Net Income
12.76M
Capital Expenditures
-66.71M

ALK Income Statement 2020 Annual Report

As per the latest Income Statement of ALK, the Net revenue decreased by $-19.96M (-22%) compared to the previous period. The operating income in 2020 decreased by $-4.15M (-17%). The net income as per the annual report was 12.76M which decreased by $-10.53M (-45%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue72.55M92.51M
Gross Profit30.61M31.6M
Operating Income19.64M23.78M
Income Before Tax19.91M25.39M
Net Income12.76M23.29M

Balance Sheet - ALK 2020 Annual Report

Read further: ALK Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Alkane Resources Limited showed the company reduced the cash on balance sheet by $-21.25M (-31%). The Net tangible assets of ALK on the balance sheet were at 267.39M which is $53.51M (25%) more than previous annual report. The total stockholder equity also increased by $53.51M (25%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash48.34M69.58M
Total Assets327.71M 248.7M
Long Term Debt4.51M-
Total Liabilities60.33M 34.82M
Total Shareholder Equity267.39M213.88M
Net Tangible Assets267.39M213.88M

Cash Flow Statement - ALK 2020 Annual Report

The 2020 annual cash flow statement of Alkane Resources Limited showed that the net income decreased by $-10.53M (-45%) compared to previous reporting period. Also the capital expenditure of ALK decreased by $-35.32M (-112%).

As of 2020, the total cash from investing activities was -77.3M and total cash from financing activities was 46.06M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income12.76M23.29M
Capital Expenditures-66.71M-31.39M
Dividends Paid--
Total Cash From From Investing Activities-77.3M-38.64M
Total Cash From From Financing Activities46.06M46.06M

Alkane Resources Limited Annual Report History

Income Statement

Income Statement history of Alkane Resources Limited (ASX:ALK)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue72.55M92.51M129.97M117.79M
Cost Of Revenue41.94M60.91M91.32M101.06M
Gross Profit30.61M31.6M38.65M16.73M
Research Development----
Selling General Administrative--6.25M6.28M
Non Recurring----
Other Operating Expenses9.42M6.82M460.29k367k
Total Operating Expenses52.91M68.73M99.57M135.73M
Operating Income19.64M23.78M30.41M-17.94M
Total Other Income Expense Net279k1.61M909k-15.63M
Ebit19.64M23.78M30.41M-17.94M
Interest Expense-109k-69k-143k-668k
Income Before Tax19.91M25.39M31.32M-33.57M
Income Tax Expense6.57M2.27M6.84M-4.63M
Minority Interest----
Net Income From Continuing Ops13.35M23.12M24.47M-28.94M
Discontinued Operations-583k170k170k170k
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income12.76M23.29M24.47M-28.94M
Net Income Applicable To Common Shares12.76M23.29M24.47M-28.94M

Balance Sheet Statement

Balance Sheet Statement history of Alkane Resources Limited (ASX:ALK)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash48.34M69.58M72M41.97M
Net Receivables2.02M1.11M957k1.75M
Inventory7.65M4.82M19.15M9.64M
Other Current Assets139.71M105k12k218k
Total Current Assets198.63M76.5M93.2M54.28M
Long Term Investments14.38M7.77M--
Property Plant Equipment95.07M154.93M129.4M143.73M
Other Assets19.62M9.5M8.87M4.74M
Deferred Long Term Asset Charges10.95M---
Total Assets327.71M248.7M231.47M202.75M
Accounts Payable4.59M3.71M3.95M5.63M
Other Current Liab31.47M6.53M20.18M11.71M
Long Term Debt4.51M---
Other Liab15.01M22.38M13.65M18.49M
Total Current Liabilities40.8M12.45M27.43M19.34M
Total Liab60.33M34.82M41.08M37.82M
Common Stock258.88M220.11M220.16M219.95M
Retained Earnings5.1M-8.59M-31.88M-56.35M
Treasury Stock3.41M2.35M2.12M1.33M
Other Stockholder Equity3.41M2.35M2.12M1.33M
Total Stockholder Equity267.39M213.88M190.4M164.93M
Net Tangible Assets267.39M213.88M190.4M164.93M

Cash Flow Statement

Cash Flow Statement history of Alkane Resources Limited (ASX:ALK)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income12.76M23.29M24.47M-28.94M
Depreciation9.56M7.91M38.47M70.15M
Change To Netincome3.38M-279k1.55M13.02M
Change To Account Receivables-749k287k194k-577k
Change To Liabilities6.46M6.86M-8.72M-4.41M
Change To Inventory-3.13M14.39M-9.32M2M
Change To Operating Activities259k-9.32M1.05M3.5M
Total Cash From Operating Activities28.54M36.22M54.53M54.75M
Capital Expenditures-66.71M-31.39M-20.4M-43.7M
Investments-8.97M-7.62M-7.62M-7.62M
Other Cashflows From Investing Activities-1.74M-70k-4.11M2.96M
Total Cashflows From Investing Activities-77.3M-38.64M-24.51M-40.69M
Net Borrowings6.62M6.62M16k-16k
Other Cashflows From Financing Activities-1.22M-1.22M-5k-670k
Total Cash From Financing Activities46.06M46.06M11k3.46M
Change In Cash-2.7M-2.42M30.03M17.51M
Issuance Of Stock40.66M40.66M40.66M4.14M
Dividends Paid----