Gold Road Resources Limited (ASX:GOR) Annual Report 2020



The latest annual report of Gold Road Resources Limited (GOR) was published on 31 Dec 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 - GOR Annual Results

Amounts in AUD

Total Revenue
294.65M
Gross Profit
138.66M
EBIT
103.11M
Net Tangible Assets
419.47M
Net Income
80.82M
Capital Expenditures
-45.08M

GOR Income Statement 2020 Annual Report

As per the latest Income Statement of GOR, the Net revenue increased by $219.21M (291%) compared to the previous period. The operating income in 2020 increased by $106.10M (3551%). The net income as per the annual report was 80.82M which increased by $85.47M (1836%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue294.65M75.44M
Gross Profit138.66M34.94M
Operating Income103.11M-2.99M
Income Before Tax113.47M-5.21M
Net Income80.82M-4.66M

Balance Sheet - GOR 2020 Annual Report

Read further: GOR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Gold Road Resources Limited showed the company increased the cash on balance sheet by $25.05M (25%). The Net tangible assets of GOR on the balance sheet were at 419.47M which is $83.33M (25%) more than previous annual report. The total stockholder equity also increased by $83.33M (25%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash126.39M101.33M
Total Assets627.12M 607.03M
Long Term Debt-28.95M
Total Liabilities207.65M 270.9M
Total Shareholder Equity419.47M336.13M
Net Tangible Assets419.47M336.13M

Cash Flow Statement - GOR 2020 Annual Report

The 2020 annual cash flow statement of Gold Road Resources Limited showed that the net income increased by $85.47M (1836%) compared to previous reporting period. Also the capital expenditure of GOR increased by $918000 (2%).

As of 2020, the total cash from investing activities was -26.98M and total cash from financing activities was -90.65M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income80.82M-4.66M
Capital Expenditures-45.08M-45.99M
Dividends Paid--
Total Cash From From Investing Activities-26.98M-46.35M
Total Cash From From Financing Activities-90.65M69.68M

Gold Road Resources Limited Annual Report History

Income Statement

Income Statement history of Gold Road Resources Limited (ASX:GOR)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Total Revenue294.65M75.44M204k318k
Cost Of Revenue155.99M40.51M--
Gross Profit138.66M34.94M204k318k
Research Development----
Selling General Administrative12.87M10.98M10.32M5.92M
Non Recurring----
Other Operating Expenses-2.02M9.31M7.21M2M
Total Operating Expenses191.54M78.43M36.81M28.08M
Operating Income103.11M-2.99M-36.81M-27.76M
Total Other Income Expense Net10.36M-2.23M3.23M5.91M
Ebit103.11M-2.99M-36.81M-27.76M
Interest Expense-7.58M-3.07M-827k-827k
Income Before Tax113.47M-5.21M-33.59M-21.86M
Income Tax Expense32.65M-560k-9.74M-6.36M
Minority Interest----
Net Income From Continuing Ops80.82M-4.66M-23.85M-15.5M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income80.82M-4.66M-23.85M-15.5M
Net Income Applicable To Common Shares80.82M-4.66M-23.85M-15.5M

Balance Sheet Statement

Balance Sheet Statement history of Gold Road Resources Limited (ASX:GOR)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Cash126.39M101.33M43.96M236.8M
Short Term Investments874k82k187k752k
Net Receivables5.5M1.81M4M19.03M
Inventory23.38M18.29M1.22M85k
Total Current Assets157.31M122.67M58.77M256.85M
Long Term Investments1.54M577k245k-
Property Plant Equipment468.27M472.89M424.79M134.24M
Total Assets627.12M607.03M495.35M391.18M
Accounts Payable11.46M8.99M4.32M11.62M
Other Current Liab15.51M10.81M1.32M-
Other Liab44.07M30.85M25.26M10.53M
Total Current Liabilities57.29M97.79M20.1M18.39M
Total Liab207.65M270.9M156.38M28.92M
Common Stock203.95M203.95M203.95M203.95M
Retained Earnings211.9M130.1M133.7M157.22M
Treasury Stock3.62M2.08M1.31M1.09M
Other Stockholder Equity3.62M2.08M1.31M1.09M
Total Stockholder Equity419.47M336.13M338.97M362.26M
Net Tangible Assets419.47M336.13M338.97M362.26M
Long Term Debt-28.95M2.21M-

Cash Flow Statement

Cash Flow Statement history of Gold Road Resources Limited (ASX:GOR)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Net Income80.82M-4.66M-23.85M-15.5M
Depreciation51.43M13.21M965k602k
Change To Netincome-18.03M10.72M8.29M-360k
Change To Account Receivables14k-15k1.32M904k
Change To Liabilities28.27M18.32M-8.62M-5.65M
Change To Inventory-5.08M-2.67M-2.67M-2.67M
Change To Operating Activities-1.85M-1.23M746k230k
Total Cash From Operating Activities142.69M34.04M-21.16M-20.56M
Capital Expenditures-45.08M-45.99M-186.61M-103M
Investments18.07M-50k14.45M274.76M
Total Cashflows From Investing Activities-26.98M-46.35M-172.11M190.97M
Net Borrowings-89.2M69.68M3M3M
Other Cashflows From Financing Activities-1.46M-1.46M-2.58M-2.58M
Total Cash From Financing Activities-90.65M69.68M424k560k
Change In Cash25.05M57.38M-192.84M170.97M
Dividends Paid----