American Rare Earths Limited (ASX:ARR) Annual Report 2020



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

Amounts in AUD

Total Revenue
55.98k
Gross Profit
55.98k
EBIT
-1.77M
Net Tangible Assets
6.31M
Net Income
923.29k
Capital Expenditures
-660.54k

ARR Income Statement 2020 Annual Report

As per the latest Income Statement of ARR, the Net revenue increased by $20837 (59%) compared to the previous period. The operating income in 2020 decreased by $-414553 (-31%). The net income as per the annual report was 923.29k which increased by $2.28M (168%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue55.98k35.14k
Gross Profit55.98k35.14k
Operating Income-1.77M-1.36M
Income Before Tax927.64k-1.36M
Net Income923.29k-1.36M

Balance Sheet - ARR 2020 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 $943275 (192%). The Net tangible assets of ARR on the balance sheet were at 6.31M which is $3.08M (96%) more than previous annual report. The total stockholder equity also increased by $3.08M (96%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash1.43M490.51k
Total Assets6.72M 3.42M
Long Term Debt--
Total Liabilities412.68k 192.66k
Total Shareholder Equity6.31M3.22M
Net Tangible Assets6.31M3.22M

Cash Flow Statement - ARR 2020 Annual Report

The 2020 annual cash flow statement of American Rare Earths Limited showed that the net income increased by $2.28M (168%) compared to previous reporting period. Also the capital expenditure of ARR decreased by $-346503 (-110%).

As of 2020, the total cash from investing activities was -160.54k and total cash from financing activities was 2.1M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income923.29k-1.36M
Capital Expenditures-660.54k-314.03k
Dividends Paid--
Total Cash From From Investing Activities-160.54k-314.03k
Total Cash From From Financing Activities2.1M2.1M

American Rare Earths Limited Annual Report History

Income Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue55.98k35.14k160.03k1.03M
Cost Of Revenue---73.96k
Gross Profit55.98k35.14k160.03k960.99k
Research Development----
Selling General Administrative1.19M1.39M1.69M1.97M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses1.83M1.39M1.69M2.07M
Operating Income-1.77M-1.36M-1.53M-1.03M
Total Other Income Expense Net2.7M---
Ebit-1.77M-1.36M-1.53M-1.03M
Interest Expense-4.39k-4.39k-4.39k-4.39k
Income Before Tax927.64k-1.36M-1.53M-1.03M
Income Tax Expense4.36k--8.63k-
Minority Interest----
Net Income From Continuing Ops923.29k-1.36M-1.52M-1.03M
Discontinued Operations---1.92M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income923.29k-1.36M-1.52M885.98k
Net Income Applicable To Common Shares923.29k-1.36M-1.52M885.98k

Balance Sheet Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash1.43M490.51k2.09M802.73k
Net Receivables30.18k46.26k69.59k3.3M
Other Current Assets40k-77.57k293.61k
Total Current Assets1.52M596.95k2.28M4.44M
Long Term Investments4.48M---
Property Plant Equipment691.57k2.74M2.43M2.23M
Other Assets30k80k80k145k
Total Assets6.72M3.42M4.79M6.81M
Accounts Payable69.52k75.08k106.32k338.64k
Other Current Liab233.1k77.1k142.97k567.66k
Total Current Liabilities364.17k192.66k281.57k955.98k
Total Liab412.68k192.66k301.57k975.98k
Common Stock10.37M8.19M8.19M8.19M
Retained Earnings-4.06M-5.28M-3.92M-2.4M
Treasury Stock-5.98k312.23k216.14k47.52k
Other Stockholder Equity-5.98k312.23k216.14k47.52k
Total Stockholder Equity6.31M3.22M4.49M5.83M
Net Tangible Assets6.31M3.22M4.49M5.83M
Long Term Debt----

Cash Flow Statement

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

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income923.29k-1.36M-1.52M885.98k
Depreciation639.08k1.3k41321.6k
Change To Netincome-2.68M96.09k168.14k-1.99M
Change To Account Receivables47247249.77k-44.62k
Change To Liabilities128.98k-97.11k-505.33k588.92k
Change To Operating Activities19.95k71.67k310.03k-381.09k
Total Cash From Operating Activities-964.9k-1.29M-1.68M-918.8k
Capital Expenditures-660.54k-314.03k-5.62k-5.62k
Total Cashflows From Investing Activities-160.54k-314.03k2.96M-335.45k
Net Borrowings-62.07k-62.07k-62.07k-62.07k
Other Cashflows From Financing Activities-149.99k-149.99k-149.99k-33.87k
Total Cash From Financing Activities2.1M2.1M8.8k665.31k
Effect Of Exchange Rate-31.78k-31.78k-31.78k-31.78k
Change In Cash943.27k-1.6M1.29M-588.94k
Issuance Of Stock2.31M2.31M8.8k857.12k
Dividends Paid----