Argo Exploration Limited (ASX:AXT) Annual Report 2020



The latest annual report of Argo Exploration Limited (AXT) 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 - AXT Annual Results

Amounts in AUD

Total Revenue
-
Gross Profit
-
EBIT
-254.48k
Net Tangible Assets
1M
Net Income
-1.16M
Capital Expenditures
-

AXT Income Statement 2020 Annual Report

As per the latest Income Statement of AXT, the Net revenue increased by $NaN (NaN%) compared to the previous period. The operating income in 2020 increased by $11191 (4%). The net income as per the annual report was -1.16M which decreased by $-1.24M (-1641%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue--
Gross Profit--
Operating Income-254.48k-265.67k
Income Before Tax-1.16M75.5k
Net Income-1.16M75.5k

Balance Sheet - AXT 2020 Annual Report

Read further: AXT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Argo Exploration Limited showed the company increased the cash on balance sheet by $78957 (369%). The Net tangible assets of AXT on the balance sheet were at 1M which is $-1.05M (-51%) less than previous annual report. The total stockholder equity also decreased by $-1.05M (-51%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash100.38k21.43k
Total Assets1.73M 2.89M
Long Term Debt--
Total Liabilities722.94k 838.29k
Total Shareholder Equity1M2.05M
Net Tangible Assets1M2.05M

Cash Flow Statement - AXT 2020 Annual Report

The 2020 annual cash flow statement of Argo Exploration Limited showed that the net income decreased by $-1.24M (-1641%) compared to previous reporting period. Also the capital expenditure of AXT increased by $NaN (NaN%).

As of 2020, the total cash from investing activities was 84.85k and total cash from financing activities was 117.97k.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-1.16M75.5k
Capital Expenditures--
Dividends Paid--
Total Cash From From Investing Activities84.85k96.35k
Total Cash From From Financing Activities117.97k117.97k

Argo Exploration Limited Annual Report History

Income Statement

Income Statement history of Argo Exploration Limited (ASX:AXT)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue---6.5k
Cost Of Revenue----
Gross Profit---6.5k
Research Development----
Selling General Administrative254.48k265.67k240.73k322.11k
Non Recurring----
Other Operating Expenses----
Total Operating Expenses254.48k265.67k240.73k322.11k
Operating Income-254.48k-265.67k-240.73k-315.61k
Total Other Income Expense Net-909.03k341.17k-3.71M-12.32M
Ebit-254.48k-265.67k-240.73k-315.61k
Interest Expense----
Income Before Tax-1.16M75.5k-3.95M-12.63M
Income Tax Expense----1.87M
Minority Interest----
Net Income From Continuing Ops-1.16M75.5k-3.95M-10.76M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-1.16M75.5k-3.95M-10.76M
Net Income Applicable To Common Shares-1.16M75.5k-3.95M-10.76M

Balance Sheet Statement

Balance Sheet Statement history of Argo Exploration Limited (ASX:AXT)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash100.38k21.43k41.42k178.5k
Net Receivables30.48k23.36k14.62k11.48k
Total Current Assets1.72M2.62M2.39M6.23M
Other Assets8.72k262.31k175.28k1.3M
Deferred Long Term Asset Charges8.72k262.31k175.28k1.3M
Total Assets1.73M2.89M2.57M7.54M
Accounts Payable522.84k419.58k301.63k242.17k
Other Current Liab191.38k156.39k116.3k69.71k
Other Liab8.72k262.31k175.28k1.3M
Total Current Liabilities714.22k575.98k417.94k311.88k
Total Liab722.94k838.29k593.22k1.62M
Common Stock15.12M15M15M15M
Retained Earnings-14.12M-12.95M-13.03M-9.08M
Total Stockholder Equity1M2.05M1.97M5.92M
Net Tangible Assets1M2.05M1.97M5.92M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Argo Exploration Limited (ASX:AXT)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-1.16M75.5k-3.95M-10.76M
Change To Netincome909.34k-340.73k3.71M12.32M
Change To Account Receivables-7.93k-8.73k-3.29k-2.33k
Change To Liabilities138.24k157.62k105.73k-1.76M
Total Cash From Operating Activities-123.86k-116.34k-137.08k-208.09k
Investments84.85k96.35k96.35k96.35k
Total Cashflows From Investing Activities84.85k96.35k96.35k96.35k
Other Cashflows From Financing Activities-2.03k-2.03k-2.03k-2.03k
Total Cash From Financing Activities117.97k117.97k117.97k117.97k
Change In Cash78.96k-19.99k-137.08k-208.09k
Issuance Of Stock120k120k120k120k
Capital Expenditures----
Dividends Paid----