American Rare Earths Limited (ASX:ARR) Annual Report 2022



The latest annual report of American Rare Earths Limited (ARR) 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 - ARR Annual Results

Amounts in AUD

Total Revenue
40.97k
Gross Profit
40.97k
EBIT
-3.87M
Net Tangible Assets
16M
Net Income
-2.04M
Capital Expenditures
-2.83M

ARR Income Statement 2022 Annual Report

As per the latest Income Statement of ARR, the Net revenue decreased by $-52933 (-56%) compared to the previous period. The operating income in 2022 decreased by $-1.88M (-94%). The net income as per the annual report was -2.04M which decreased by $-1.78M (-688%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 40.97k 93.9k
Gross Profit 40.97k 93.9k
Operating Income -3.87M -1.99M
Income Before Tax -2.04M -258.92k
Net Income -2.04M -258.92k

Balance Sheet - ARR 2022 Annual Report

Read further: ARR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of American Rare Earths Limited showed the company increased the cash on balance sheet by $2.64M (71%). The Net tangible assets of ARR on the balance sheet were at 16M which is $6.45M (67%) more than previous annual report. The total stockholder equity also increased by $6.45M (67%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 6.34M 3.7M
Total Assets 16.93M 9.95M
Long Term Debt - -
Total Liabilities 925.98k 395.07k
Total Shareholder Equity 16M 9.55M
Net Tangible Assets 16M 9.55M

Cash Flow Statement - ARR 2022 Annual Report

The 2022 annual cash flow statement of American Rare Earths Limited showed that the net income decreased by $-1.78M (-688%) compared to previous reporting period. Also the capital expenditure of ARR decreased by $-1.60M (-131%).

As of 2022, the total cash from investing activities was -1.83M and total cash from financing activities was 6.89M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -2.04M -258.92k
Capital Expenditures -2.83M -1.22M
Dividends Paid - -
Total Cash From From Investing Activities -1.83M 1.19M
Total Cash From From Financing Activities 6.89M 2.29M

American Rare Earths Limited Annual Report History

Income Statement

Income Statement history of American Rare Earths Limited (ASX:ARR)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 40.97k 93.9k 55.98k 35.14k
Cost Of Revenue - - - -
Gross Profit 40.97k 93.9k 55.98k 35.14k
Research Development - - - -
Selling General Administrative 3.72M 1.92M 1.19M 1.39M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 3.91M 2.09M 1.83M 1.39M
Operating Income -3.87M -1.99M -1.77M -1.36M
Total Other Income Expense Net 1.83M 1.74M 2.7M -
Ebit -3.87M -1.99M -1.77M -1.36M
Interest Expense -23.32k -11.39k -4.39k -4.39k
Income Before Tax -2.04M -258.92k 927.64k -1.36M
Income Tax Expense - - 4.36k -
Minority Interest - - - -
Net Income From Continuing Ops -2.04M -258.92k 923.29k -1.36M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -2.04M -258.92k 923.29k -1.36M
Net Income Applicable To Common Shares -2.04M -258.92k 923.29k -1.36M

Balance Sheet Statement

Balance Sheet Statement history of American Rare Earths Limited (ASX:ARR)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 6.34M 3.7M 1.43M 490.51k
Net Receivables 69.11k 27.46k 30.18k 46.26k
Total Current Assets 6.5M 3.8M 1.52M 596.95k
Long Term Investments 5.25M 4.16M 4.48M -
Property Plant Equipment 5.11M 1.98M 691.57k 2.74M
Other Assets 69.73k - 30k 80k
Total Assets 16.93M 9.95M 6.72M 3.42M
Accounts Payable 402.45k 102.12k 69.52k 75.08k
Other Current Liab 350.17k 244.44k 233.1k 77.1k
Total Current Liabilities 809.82k 395.07k 364.17k 192.66k
Total Liab 925.98k 395.07k 412.68k 192.66k
Common Stock 20.83M 13.17M 10.37M 8.19M
Retained Earnings -6.36M -4.32M -4.06M -5.28M
Treasury Stock 1.53M 705.52k -5.98k 312.23k
Other Stockholder Equity 1.53M 705.52k -5.98k 312.23k
Total Stockholder Equity 16M 9.55M 6.31M 3.22M
Net Tangible Assets 16M 9.55M 6.31M 3.22M
Long Term Debt - - - -

Cash Flow Statement

Cash Flow Statement history of American Rare Earths Limited (ASX:ARR)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income -2.04M -258.92k 923.29k -1.36M
Depreciation 68.35k 168.12k 639.08k 1.3k
Change To Netincome -688.94k -1.13M -2.68M 96.09k
Change To Account Receivables -3.03k 34.1k 472 472
Change To Liabilities 375.75k 43.93k 128.98k -97.11k
Change To Operating Activities -51.53k -22.59k 19.95k 71.67k
Total Cash From Operating Activities -2.34M -1.17M -964.9k -1.29M
Capital Expenditures -2.83M -1.22M -660.54k -314.03k
Investments 1.06M 2.47M 2.47M 2.47M
Other Cashflows From Investing Activities -69.73k -69.73k -69.73k -69.73k
Total Cashflows From Investing Activities -1.83M 1.19M -160.54k -314.03k
Net Borrowings -62.08k -61.54k -62.07k -62.07k
Other Cashflows From Financing Activities -430.9k 566.93k -149.99k -149.99k
Total Cash From Financing Activities 6.89M 2.29M 2.1M 2.1M
Effect Of Exchange Rate -74.15k -45.64k -31.78k -31.78k
Change In Cash 2.64M 2.27M 943.27k -1.6M
Issuance Of Stock 7.38M 1.78M 2.31M 2.31M
Dividends Paid - - - -