Artemis Resources Limited (ASX:ARV) Annual Report 2020



The latest annual report of Artemis Resources Limited (ARV) 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 - ARV Annual Results

Amounts in AUD

Total Revenue
188.51k
Gross Profit
22.81k
EBIT
-14.89M
Net Tangible Assets
53.37M
Net Income
-12.27M
Capital Expenditures
-3M

ARV Income Statement 2020 Annual Report

As per the latest Income Statement of ARV, the Net revenue increased by $176379 (1454%) compared to the previous period. The operating income in 2020 decreased by $-6.90M (-86%). The net income as per the annual report was -12.27M which decreased by $-2.93M (-31%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue188.51k12.13k
Gross Profit22.81k12.13k
Operating Income-14.89M-7.99M
Income Before Tax-12.27M-9.35M
Net Income-12.27M-9.35M

Balance Sheet - ARV 2020 Annual Report

Read further: ARV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Artemis Resources Limited showed the company reduced the cash on balance sheet by $-409343 (-50%). The Net tangible assets of ARV on the balance sheet were at 53.37M which is $64052 (0%) more than previous annual report. The total stockholder equity also increased by $26314 (0%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash412.14k821.48k
Total Assets56.86M 62.19M
Long Term Debt--
Total Liabilities3.41M 8.77M
Total Shareholder Equity53.45M53.42M
Net Tangible Assets53.37M53.31M

Cash Flow Statement - ARV 2020 Annual Report

The 2020 annual cash flow statement of Artemis Resources Limited showed that the net income decreased by $-2.93M (-31%) compared to previous reporting period. Also the capital expenditure of ARV increased by $21.07M (88%).

As of 2020, the total cash from investing activities was -2.18M and total cash from financing activities was 3.86M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-12.27M-9.35M
Capital Expenditures-3M-24.08M
Dividends Paid--
Total Cash From From Investing Activities-2.18M-23.86M
Total Cash From From Financing Activities3.86M2M

Artemis Resources Limited Annual Report History

Income Statement

Income Statement history of Artemis Resources Limited (ASX:ARV)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue188.51k12.13k18.93M628.86k
Cost Of Revenue165.7k8k270161.86k
Gross Profit22.81k12.13k18.93M467k
Research Development----
Selling General Administrative4.28M4.65M4.44M917.14k
Non Recurring----
Other Operating Expenses543.71k585.48k792.8k792.8k
Total Operating Expenses15.08M8.01M5.76M2.35M
Operating Income-14.89M-7.99M13.17M-1.72M
Total Other Income Expense Net2.62M-1.35M-1.93M-456.37k
Ebit-14.89M-7.99M13.17M-1.72M
Interest Expense-705.47k-814.82k-642.88k-236.31k
Income Before Tax-12.27M-9.35M12.07M-2.18M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-12.27M-9.35M12.07M-2.18M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-12.27M-9.35M12.07M-2.18M
Net Income Applicable To Common Shares-12.27M-9.35M12.07M-2.18M

Balance Sheet Statement

Balance Sheet Statement history of Artemis Resources Limited (ASX:ARV)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash412.14k821.48k27.05M329.2k
Net Receivables6.36k54.5k1.47M616.61k
Other Current Assets280.21k---
Total Current Assets7.45M1.54M29.33M1.05M
Property Plant Equipment49.34M60.54M40.57M9M
Intangible Assets71.68k109.41k83.25k-
Total Assets56.86M62.19M69.98M10.05M
Accounts Payable1.83M1.52M7.45M1.8M
Other Liab1.41M1.41M--
Total Current Liabilities2M7.35M11.37M4.13M
Total Liab3.41M8.77M11.37M4.13M
Common Stock92.29M81.44M79.13M39.07M
Retained Earnings-42.11M-30.59M-21.24M-33.32M
Treasury Stock3.26M2.57M725k172k
Other Stockholder Equity3.26M2.57M725k172k
Total Stockholder Equity53.45M53.42M58.61M5.92M
Net Tangible Assets53.37M53.31M58.53M5.92M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Artemis Resources Limited (ASX:ARV)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-12.27M-9.35M12.07M-2.18M
Depreciation9.46M707.84k205.22k2k
Change To Netincome-598.47k4.24M-16.11M1.56M
Change To Account Receivables84.12k169k-288.41k-515.02k
Change To Liabilities743.52k57.86k671.72k136.77k
Change To Inventory460.2k-460.2k-460.2k-460.2k
Total Cash From Operating Activities-2.09M-4.59M-3.44M-995.3k
Capital Expenditures-3M-24.08M-19.17M-4.1M
Investments820k208.88k19.52M162.24k
Total Cashflows From Investing Activities-2.18M-23.86M-1.15M-3.94M
Net Borrowings-5.49M1.8M3.97M2.75M
Other Cashflows From Financing Activities-529.63k-529.63k-1.26M-64.82k
Total Cash From Financing Activities3.86M2M31.08M5.25M
Effect Of Exchange Rate1.09k222.88k226.3k226.3k
Change In Cash-409.34k-26.23M26.72M311.05k
Issuance Of Stock9.88M202.49k28.37M2.57M
Dividends Paid----