Argonaut Resources NL (ASX:ARE) Annual Report 2020



The latest annual report of Argonaut Resources NL (ARE) 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 - ARE Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-
EBIT
-1.86M
Net Tangible Assets
3.93M
Net Income
-1.8M
Capital Expenditures
-523.95k

ARE Income Statement 2020 Annual Report

As per the latest Income Statement of ARE, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 increased by $1.07M (36%). The net income as per the annual report was -1.8M which increased by $229939 (11%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit--
Operating Income-1.86M-2.93M
Income Before Tax-1.8M-2.03M
Net Income-1.8M-2.03M

Balance Sheet - ARE 2020 Annual Report

Read further: ARE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Argonaut Resources NL showed the company reduced the cash on balance sheet by $-864140 (-42%). The Net tangible assets of ARE on the balance sheet were at 3.93M which is $-522924 (-12%) less than previous annual report. The total stockholder equity also decreased by $-522924 (-12%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.18M2.04M
Total Assets4.74M 5.35M
Long Term Debt--
Total Liabilities810.01k 905.06k
Total Shareholder Equity3.93M4.45M
Net Tangible Assets3.93M4.45M

Cash Flow Statement - ARE 2020 Annual Report

The 2020 annual cash flow statement of Argonaut Resources NL showed that the net income increased by $229939 (11%) compared to previous reporting period. Also the capital expenditure of ARE increased by $1.16M (69%).

As of 2020, the total cash from investing activities was -523.95k and total cash from financing activities was 1.13M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-1.8M-2.03M
Capital Expenditures-523.95k-1.68M
Dividends Paid--
Total Cash From From Investing Activities-523.95k-1.68M
Total Cash From From Financing Activities1.13M1.13M

Argonaut Resources NL Annual Report History

Income Statement

Income Statement history of Argonaut Resources NL (ASX:ARE)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue----
Cost Of Revenue----
Gross Profit----
Research Development----
Selling General Administrative1.21M1.45M1.72M634.97k
Non Recurring----
Other Operating Expenses497.74k623.01k672.55k396.74k
Total Operating Expenses1.86M2.93M2.62M2.17M
Operating Income-1.86M-2.93M-2.62M-2.17M
Total Other Income Expense Net57.8k896.21k24.87k104.14k
Ebit-1.86M-2.93M-2.62M-2.17M
Interest Expense----
Income Before Tax-1.8M-2.03M-2.59M-2.07M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-1.8M-2.03M-2.59M-2.07M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-1.8M-2.03M-2.59M-2.07M
Net Income Applicable To Common Shares-1.8M-2.03M-2.59M-2.07M

Balance Sheet Statement

Balance Sheet Statement history of Argonaut Resources NL (ASX:ARE)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.18M2.04M5.34M62.02k
Net Receivables51.57k128.52k96.5k73.56k
Other Current Assets10.28k18.65k47.47k36.99k
Total Current Assets1.24M2.19M5.48M172.57k
Property Plant Equipment3.5M3.17M1.88M1.29M
Total Assets4.74M5.35M7.36M1.46M
Accounts Payable159.2k170.82k161.79k322.44k
Other Current Liab237.53k352.61k342.75k267.68k
Total Current Liabilities810.01k905.06k753.66k803.75k
Total Liab810.01k905.06k753.66k803.75k
Common Stock52.79M51.66M51.66M43.68M
Retained Earnings-46.87M-45.07M-43.04M-40.45M
Treasury Stock-1.99M-2.14M-2.02M-2.57M
Other Stockholder Equity-1.99M-2.14M-2.02M-2.57M
Total Stockholder Equity3.93M4.45M6.61M658.15k
Net Tangible Assets3.93M4.45M6.61M658.15k
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Argonaut Resources NL (ASX:ARE)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-1.8M-2.03M-2.59M-2.07M
Depreciation131.48k10.38k1.74k483
Change To Netincome232.47k93.38k865.54k1.04M
Change To Account Receivables23.42k-3.21k-33.41k-14.05k
Change To Liabilities-59.52k316.45k-114.09k149.95k
Total Cash From Operating Activities-1.47M-1.62M-1.87M-889.58k
Capital Expenditures-523.95k-1.68M-842.25k-1.34M
Total Cashflows From Investing Activities-523.95k-1.68M-842.25k-921.06k
Other Cashflows From Financing Activities-147.16k-147.16k-556.8k-4.62k
Total Cash From Financing Activities1.13M1.13M7.99M557.02k
Change In Cash-864.14k-3.3M5.27M-1.25M
Issuance Of Stock1.28M1.28M8.54M561.64k
Dividends Paid----