Artemis Resources Limited (ASX:ARV) Annual Report 2021



The latest annual report of Artemis Resources Limited (ARV) was published on 30 Jun 2021. 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
133.81k
Gross Profit
95.2k
EBIT
-11.02M
Net Tangible Assets
57.63M
Net Income
-10.48M
Capital Expenditures
-9.81M

ARV Income Statement 2021 Annual Report

As per the latest Income Statement of ARV, the Net revenue decreased by $-54691 (-29%) compared to the previous period. The operating income in 2021 increased by $3.87M (26%). The net income as per the annual report was -10.48M which increased by $1.79M (15%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue133.81k188.51k
Gross Profit95.2k22.81k
Operating Income-11.02M-14.89M
Income Before Tax-10.48M-12.27M
Net Income-10.48M-12.27M

Balance Sheet - ARV 2021 Annual Report

Read further: ARV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Artemis Resources Limited showed the company increased the cash on balance sheet by $8.67M (2104%). The Net tangible assets of ARV on the balance sheet were at 57.63M which is $4.26M (8%) more than previous annual report. The total stockholder equity also increased by $4.22M (8%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash9.08M412.14k
Total Assets61.73M 56.86M
Long Term Debt--
Total Liabilities4.06M 3.41M
Total Shareholder Equity57.67M53.45M
Net Tangible Assets57.63M53.37M

Cash Flow Statement - ARV 2021 Annual Report

The 2021 annual cash flow statement of Artemis Resources Limited showed that the net income increased by $1.79M (15%) compared to previous reporting period. Also the capital expenditure of ARV decreased by $-6.81M (-227%).

As of 2021, the total cash from investing activities was -2.54M and total cash from financing activities was 13.15M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-10.48M-12.27M
Capital Expenditures-9.81M-3M
Dividends Paid--
Total Cash From From Investing Activities-2.54M-2.18M
Total Cash From From Financing Activities13.15M3.86M

Artemis Resources Limited Annual Report History

Income Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue133.81k188.51k12.13k18.93M
Cost Of Revenue38.62k165.7k8k270
Gross Profit95.2k22.81k12.13k18.93M
Research Development----
Selling General Administrative3.67M4.28M4.65M4.44M
Non Recurring----
Other Operating Expenses342.81k543.71k585.48k792.8k
Total Operating Expenses11.16M15.08M8.01M5.76M
Operating Income-11.02M-14.89M-7.99M13.17M
Total Other Income Expense Net538.71k2.62M-1.35M-1.93M
Ebit-11.02M-14.89M-7.99M13.17M
Interest Expense-28.46k-705.47k-814.82k-642.88k
Income Before Tax-10.48M-12.27M-9.35M12.07M
Income Tax Expense----
Minority Interest----
Net Income From Continuing Ops-10.48M-12.27M-9.35M12.07M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-10.48M-12.27M-9.35M12.07M
Net Income Applicable To Common Shares-10.48M-12.27M-9.35M12.07M

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash9.08M412.14k821.48k27.05M
Net Receivables168.64k6.36k54.5k1.47M
Other Current Assets1.6M280.21k--
Total Current Assets11.53M7.45M1.54M29.33M
Property Plant Equipment50.17M49.34M60.54M40.57M
Intangible Assets33.73k71.68k109.41k83.25k
Total Assets61.73M56.86M62.19M69.98M
Accounts Payable2.64M1.83M1.52M7.45M
Other Liab1.41M1.41M1.41M-
Total Current Liabilities2.65M2M7.35M11.37M
Total Liab4.06M3.41M8.77M11.37M
Common Stock105.89M92.29M81.44M79.13M
Retained Earnings-51.56M-42.11M-30.59M-21.24M
Treasury Stock3.35M3.26M2.57M725k
Other Stockholder Equity3.35M3.26M2.57M725k
Total Stockholder Equity57.67M53.45M53.42M58.61M
Net Tangible Assets57.63M53.37M53.31M58.53M
Long Term Debt----

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income-10.48M-12.27M-9.35M12.07M
Depreciation7.19M9.46M707.84k205.22k
Change To Netincome683.17k-598.47k4.24M-16.11M
Change To Account Receivables-139.41k84.12k169k-288.41k
Change To Liabilities776.4k743.52k57.86k671.72k
Total Cash From Operating Activities-1.93M-2.09M-4.59M-3.44M
Capital Expenditures-9.81M-3M-24.08M-19.17M
Investments6.9M820k208.88k19.52M
Total Cashflows From Investing Activities-2.54M-2.18M-23.86M-1.15M
Net Borrowings-157.5k-5.49M1.8M3.97M
Other Cashflows From Financing Activities-608.83k-529.63k-529.63k-1.26M
Total Cash From Financing Activities13.15M3.86M2M31.08M
Effect Of Exchange Rate1.52k1.09k222.88k226.3k
Change In Cash8.67M-409.34k-26.23M26.72M
Issuance Of Stock13.91M9.88M202.49k28.37M
Dividends Paid----