Arizona Lithium Limited (ASX:AZL) Annual Report 2022



The latest annual report of Arizona Lithium Limited (AZL) 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 - AZL Annual Results

Amounts in AUD

Total Revenue
28.5k
Gross Profit
28.5k
EBIT
-10.55M
Net Tangible Assets
42.82M
Net Income
-4.23M
Capital Expenditures
-72.28k

AZL Income Statement 2022 Annual Report

As per the latest Income Statement of AZL, the Net revenue increased by $1796 (7%) compared to the previous period. The operating income in 2022 decreased by $-7.10M (-205%). The net income as per the annual report was -4.23M which decreased by $-772715 (-22%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 28.5k 26.7k
Gross Profit 28.5k 26.7k
Operating Income -10.55M -3.46M
Income Before Tax -10.62M -3.43M
Net Income -4.23M -3.46M

Balance Sheet - AZL 2022 Annual Report

Read further: AZL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Arizona Lithium Limited showed the company increased the cash on balance sheet by $38.03M (768%). The Net tangible assets of AZL on the balance sheet were at 42.82M which is $37.95M (779%) more than previous annual report. The total stockholder equity also increased by $37.95M (779%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 42.98M 4.95M
Total Assets 44.12M 5.38M
Long Term Debt - -
Total Liabilities 1.31M 512.13k
Total Shareholder Equity 42.82M 4.87M
Net Tangible Assets 42.82M 4.87M

Cash Flow Statement - AZL 2022 Annual Report

The 2022 annual cash flow statement of Arizona Lithium Limited showed that the net income decreased by $-772715 (-22%) compared to previous reporting period. Also the capital expenditure of AZL increased by $0 (0%).

As of 2022, the total cash from investing activities was -110.13k and total cash from financing activities was 43.01M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -4.23M -3.46M
Capital Expenditures -72.28k -72.28k
Dividends Paid - -
Total Cash From From Investing Activities -110.13k -110.13k
Total Cash From From Financing Activities 43.01M 7.87M

Arizona Lithium Limited Annual Report History

Income Statement

Income Statement history of Arizona Lithium Limited (ASX:AZL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 28.5k 26.7k 15.38k 10.43k
Cost Of Revenue - - - -
Gross Profit 28.5k 26.7k 15.38k 10.43k
Research Development - - - -
Selling General Administrative 9.17M 1.67M 1.1M 3.19M
Non Recurring - - - -
Other Operating Expenses -5.68k 19.41k -37.23k 201.97k
Total Operating Expenses 10.58M 3.48M 3.38M 12.6M
Operating Income -10.55M -3.46M -3.37M -12.59M
Total Other Income Expense Net -72.96k 24.85k -109.08k 906
Ebit -10.55M -3.46M -3.37M -12.59M
Interest Expense - - - -
Income Before Tax -10.62M -3.43M -3.48M -12.59M
Income Tax Expense - - - -
Minority Interest - - - -
Net Income From Continuing Ops -10.62M -3.43M -3.48M -12.59M
Discontinued Operations 6.4M -25.03k -11.77k -35.22k
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -4.23M -3.46M -3.49M -12.62M
Net Income Applicable To Common Shares -4.23M -3.46M -3.49M -12.62M

Balance Sheet Statement

Balance Sheet Statement history of Arizona Lithium Limited (ASX:AZL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 42.98M 4.95M 230.75k 2.02M
Net Receivables 234.71k 52.06k 10.86k 33.31k
Total Current Assets 43.37M 5.02M 256.04k 2.07M
Property Plant Equipment 119.03k - - -
Other Assets 633.23k 363.41k 336.77k 363.76k
Total Assets 44.12M 5.38M 612.81k 2.45M
Accounts Payable 295.85k 363.85k 262k 113.59k
Other Current Liab 943.69k 148.28k 152.27k 59.16k
Total Current Liabilities 1.25M 512.13k 414.27k 172.75k
Total Liab 1.31M 512.13k 414.27k 172.75k
Common Stock 113.59M 79.62M 71.84M 67M
Retained Earnings -84.32M -79.3M -75.85M -72.36M
Treasury Stock 13.54M 4.56M 4.2M 7.64M
Other Stockholder Equity 13.54M 4.56M 4.2M 7.64M
Total Stockholder Equity 42.82M 4.87M 198.54k 2.28M
Net Tangible Assets 42.82M 4.87M 198.54k 2.28M
Long Term Debt - - - -

Cash Flow Statement

Cash Flow Statement history of Arizona Lithium Limited (ASX:AZL)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income -4.23M -3.46M -3.49M -12.62M
Change To Netincome -57.97k 250.14k 517.77k 9.89M
Change To Account Receivables -182.64k -41.21k 22.45k 12.85k
Change To Liabilities 12.02k 112.38k 235.62k -2.53k
Change To Operating Activities -410.09k -14.8k 3.15k 5.81k
Total Cash From Operating Activities -4.87M -3.15M -2.71M -2.71M
Capital Expenditures -72.28k -72.28k -72.28k -72.28k
Investments -285.64k -285.64k -33.4k -20k
Total Cashflows From Investing Activities -110.13k -110.13k -33.4k -307.11k
Other Cashflows From Financing Activities -2.23M -220.38k -49.46k -208.16k
Total Cash From Financing Activities 43.01M 7.87M 950.54k 4.65M
Effect Of Exchange Rate 1.17k -2.36k 600 -2.01k
Change In Cash 38.03M 4.72M -1.79M 1.63M
Issuance Of Stock 45.24M 8.09M 1M 4.9M
Dividends Paid - - - -