Alkane Resources Limited (ASX:ALK) Annual Report 2022



The latest annual report of Alkane Resources Limited (ALK) was published on 30 Jun 2022. 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
165.01M
Gross Profit
62.65M
EBIT
52.38M
Net Tangible Assets
268.87M
Net Income
70.25M
Capital Expenditures
-83.52M

ALK Income Statement 2022 Annual Report

As per the latest Income Statement of ALK, the Net revenue increased by $37.18M (29%) compared to the previous period. The operating income in 2022 increased by $3.11M (6%). The net income as per the annual report was 70.25M which increased by $14.55M (26%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 165.01M 127.83M
Gross Profit 62.65M 61.34M
Operating Income 52.38M 49.27M
Income Before Tax 100.47M 48.07M
Net Income 70.25M 55.7M

Balance Sheet - ALK 2022 Annual Report

Read further: ALK Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Alkane Resources Limited showed the company increased the cash on balance sheet by $58.90M (310%). The Net tangible assets of ALK on the balance sheet were at 268.87M which is $77.31M (40%) more than previous annual report. The total stockholder equity also increased by $77.31M (40%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 77.89M 18.99M
Total Assets 355.69M 236.22M
Long Term Debt - -
Total Liabilities 86.81M 44.65M
Total Shareholder Equity 268.87M 191.56M
Net Tangible Assets 268.87M 191.56M

Cash Flow Statement - ALK 2022 Annual Report

The 2022 annual cash flow statement of Alkane Resources Limited showed that the net income increased by $14.55M (26%) compared to previous reporting period. Also the capital expenditure of ALK increased by $2.60M (3%).

As of 2022, the total cash from investing activities was -33.24M and total cash from financing activities was 5.67M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 70.25M 55.7M
Capital Expenditures -83.52M -86.12M
Dividends Paid - -
Total Cash From From Investing Activities -33.24M -102.73M
Total Cash From From Financing Activities 5.67M 2.26M

Alkane Resources Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 165.01M 127.83M 72.55M 92.51M
Cost Of Revenue 102.36M 66.49M 42.11M 60.91M
Gross Profit 62.65M 61.34M 30.44M 31.6M
Research Development - - - -
Selling General Administrative 7.71M 8.83M 8.73M 8.73M
Non Recurring - - - -
Other Operating Expenses - - - 6.82M
Total Operating Expenses 112.62M 78.56M 52.47M 68.73M
Operating Income 52.38M 49.27M 20.08M 23.78M
Total Other Income Expense Net 48.09M -1.2M -165k 1.61M
Ebit 52.38M 49.27M 20.08M 23.78M
Interest Expense -795k -408k -177k -69k
Income Before Tax 100.47M 48.07M 19.91M 25.39M
Income Tax Expense 30.22M 14.5M 6.57M 2.27M
Minority Interest - - - -
Net Income From Continuing Ops 70.25M 33.57M 13.35M 23.12M
Discontinued Operations - 22.13M -583k 170k
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 70.25M 55.7M 12.76M 23.29M
Net Income Applicable To Common Shares 70.25M 55.7M 12.76M 23.29M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 77.89M 18.99M 48.34M 69.58M
Net Receivables 1.2M 931k 2.02M 1.11M
Inventory 17.95M 11.65M 7.65M 4.82M
Total Current Assets 98.19M 33.05M 198.63M 76.5M
Long Term Investments 38.12M 34.41M 14.38M 7.77M
Property Plant Equipment 205.88M 157.21M 95.07M 154.93M
Other Assets 13.5M 11.54M 19.62M 9.5M
Total Assets 355.69M 236.22M 327.71M 248.7M
Accounts Payable 1.11M 2.76M 4.59M 3.71M
Other Current Liab 13.8M 8.46M 31.47M 6.53M
Other Liab 52.4M 20.55M 15.01M 22.38M
Total Current Liabilities 25.3M 18.18M 40.8M 12.45M
Total Liab 86.81M 44.65M 60.33M 34.82M
Common Stock 218.19M 218.08M 258.88M 220.11M
Retained Earnings 111.33M 38.66M 5.1M -8.59M
Treasury Stock -60.64M -65.18M 3.41M 2.35M
Other Stockholder Equity -60.64M -65.18M 3.41M 2.35M
Total Stockholder Equity 268.87M 191.56M 267.39M 213.88M
Net Tangible Assets 268.87M 191.56M 267.39M 213.88M
Long Term Debt - - - -

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 70.25M 55.7M 12.76M 23.29M
Depreciation 35.12M 23.25M 9.56M 7.91M
Change To Netincome -46.21M -20.99M 3.38M -279k
Change To Account Receivables -453k 301k -749k 287k
Change To Liabilities 32.96M 15.72M 6.46M 6.86M
Change To Inventory -6.3M -4M -3.13M 14.39M
Change To Operating Activities 1.11M 1.14M 259k -9.32M
Total Cash From Operating Activities 86.48M 71.12M 28.54M 36.22M
Capital Expenditures -83.52M -86.12M -66.71M -31.39M
Investments 51.61M -14.66M -8.97M -7.62M
Other Cashflows From Investing Activities -1.96M -3.46M -1.74M -70k
Total Cashflows From Investing Activities -33.24M -102.73M -77.3M -38.64M
Net Borrowings 5.67M 2.29M 6.62M 6.62M
Other Cashflows From Financing Activities -4k -31k -1.22M -1.22M
Total Cash From Financing Activities 5.67M 2.26M 46.06M 46.06M
Change In Cash 58.9M -47.89M -2.7M -2.42M
Dividends Paid - - - -