Argent Minerals Limited (ASX:ARD) Annual Report 2020



The latest annual report of Argent Minerals Limited (ARD) 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 - ARD Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-
EBIT
-2.19M
Net Tangible Assets
510.62k
Net Income
-2.19M
Capital Expenditures
-

ARD Income Statement 2020 Annual Report

As per the latest Income Statement of ARD, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 increased by $1.36M (38%). The net income as per the annual report was -2.19M which increased by $1.35M (38%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--1.4M
Gross Profit--1.4M
Operating Income-2.19M-3.55M
Income Before Tax-2.19M-3.54M
Net Income-2.19M-3.54M

Balance Sheet - ARD 2020 Annual Report

Read further: ARD Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Argent Minerals Limited showed the company increased the cash on balance sheet by $1.23M (170%). The Net tangible assets of ARD on the balance sheet were at 510.62k which is $887978 (235%) more than previous annual report. The total stockholder equity also increased by $887978 (235%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.96M725.93k
Total Assets2.47M 1.22M
Long Term Debt--
Total Liabilities1.96M 1.6M
Total Shareholder Equity510.62k-377.36k
Net Tangible Assets510.62k-377.36k

Cash Flow Statement - ARD 2020 Annual Report

The 2020 annual cash flow statement of Argent Minerals Limited showed that the net income increased by $1.35M (38%) compared to previous reporting period. Also the capital expenditure of ARD increased by $NaN (NaN%).

As of 2020, the total cash from investing activities was 88.1k and total cash from financing activities was 2.86M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-2.19M-3.54M
Capital Expenditures--10.31k
Dividends Paid--
Total Cash From From Investing Activities88.1k-20.31k
Total Cash From From Financing Activities2.86M1.19M

Argent Minerals Limited Annual Report History

Income Statement

Income Statement history of Argent Minerals Limited (ASX:ARD)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue--1.4M693.75k-
Cost Of Revenue----
Gross Profit--1.4M693.75k-
Research Development----
Selling General Administrative1.36M922.78k987.45k922.54k
Non Recurring----
Other Operating Expenses-11.24k-11.24k-141.97k-885.13k
Total Operating Expenses2.19M2.15M2.43M2.14M
Operating Income-2.19M-3.55M-1.74M-2.14M
Total Other Income Expense Net6.89k15.21k24.5k19.36k
Ebit-2.19M-3.55M-1.74M-2.14M
Interest Expense-913-913-913-913
Income Before Tax-2.19M-3.54M-1.71M-2.12M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-2.19M-3.54M-1.71M-2.12M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-2.19M-3.54M-1.71M-2.12M
Net Income Applicable To Common Shares-2.19M-3.54M-1.71M-2.12M

Balance Sheet Statement

Balance Sheet Statement history of Argent Minerals Limited (ASX:ARD)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.96M725.93k1.65M2.03M
Net Receivables8.75k19.56k-17.61k
Other Current Assets39k---
Total Current Assets2.01M768.4k1.67M2.07M
Property Plant Equipment358.69k362.71k398.37k420.83k
Other Assets96k93.1k83.1k95k
Total Assets2.47M1.22M2.15M2.58M
Accounts Payable239.24k33.6k100.79k100.69k
Other Current Liab1.43M1.4M--
Total Current Liabilities1.93M1.6M217.11k177.91k
Total Liab1.96M1.6M217.11k177.91k
Common Stock33.37M30.46M29.27M28.09M
Retained Earnings-33.11M-31.05M-27.53M-25.83M
Treasury Stock249.22k211.51k193.53k143.64k
Other Stockholder Equity249.22k211.51k193.53k143.64k
Total Stockholder Equity510.62k-377.36k1.94M2.4M
Net Tangible Assets510.62k-377.36k1.94M2.4M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Argent Minerals Limited (ASX:ARD)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-2.19M-3.54M-1.71M-2.12M
Depreciation50.08k45.48k47.33k39.26k
Change To Netincome208.41k37.47k129.5k214.21k
Change To Account Receivables23.62k-19.2k17.61k-17.61k
Change To Liabilities153.82k-10.82k39.2k29.75k
Change To Operating Activities32.78k1.4M-3.73k-1.64k
Total Cash From Operating Activities-1.72M-2.09M-1.48M-1.86M
Other Cashflows From Investing Activities127.1k-10k11.9k-28k
Total Cashflows From Investing Activities88.1k-20.31k-12.97k-79.65k
Net Borrowings-6.5k-6.5k-6.5k-6.5k
Other Cashflows From Financing Activities-185.86k-80.98k-84.15k-358.48k
Total Cash From Financing Activities2.86M1.19M1.12M3.32M
Change In Cash1.23M-923.53k-379.54k1.38M
Issuance Of Stock3.05M1.27M1.2M3.67M
Capital Expenditures--10.31k-24.87k-51.65k
Dividends Paid----