In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
London City Equities Limited Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of London City Equities Limited (ASX:LCE) was around $- which consisted of $19,758 of Cash, no Inventory and $87,917 of Net receivables. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations within one year.
All amounts in AUD
The latest balance sheet of London City Equities Limited also showed no Property Plant Equipment and no Good will. Also there were no Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $26,612,577.
London City Equities Limited Balance Sheet Statement - Liabilities
LCE's latest annual results shows the balance sheet has $153,884 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and no Total Current Liabilities. Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.
As per the 30 Jun 2024's annual report of London City Equities Limited, the total liabilities were $5,175,281.
LCE Balance Sheet Statement - Stock Holder Equity
Stockholders' equity, also referred to as shareholders' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings and treasury stock.
The latest Balance sheet of London City Equities Limited showed the total stock holder equity was $21,437,296 which consisted of $8,080,174 of Common stocks, $6,256,148 of Retained earnings and no Other stock holder equity.
LCE Balance Sheet Statement History
Following table shows the history of balance sheet for London City Equities Limited (LCE).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | 30 Jun 2021 | |
|---|---|---|---|---|
| Cash | 19,758 | 17,587 | 1,551,842 | 1,351,999 |
| Net Receivables | 87,917 | 52,819 | 63,434 | 74,484 |
| Inventory | - | - | - | - |
| Total Current Assets | - | - | - | - |
| Property Plant Equipment | - | - | - | - |
| Good Will | - | - | - | - |
| Intangible Assets | - | - | - | - |
| Other Assets | - | - | - | - |
| Deferred Long Term Asset Charges | 3,660,000 | 2,960,000 | 2,960,000 | 2,760,000 |
| Total Assets | 26,612,577 | 20,610,857 | 22,970,975 | 19,609,225 |
| Accounts Payable | 153,884 | 91,380 | 219,730 | 203,113 |
| Short/Long Term Debt | - | - | - | - |
| Other Current Liabilities | - | - | - | - |
| Long Term Debt | - | - | - | - |
| Other Liabilities | - | - | - | - |
| Total Current Liabilities | - | - | - | - |
| Total Liabilities | 5,175,281 | 3,146,344 | 3,849,587 | 3,373,659 |
| Common Stock | 8,080,174 | 7,948,002 | 7,725,485 | 7,511,916 |
| Retained Earnings | 6,256,148 | 6,712,837 | 6,971,975 | 5,575,653 |
| Treasury Stock | - | - | - | - |
| Other Stockholder Equity | - | - | - | - |
| Total Stockholder Equity | 21,437,296 | 17,464,513 | 19,121,388 | 16,235,566 |
| Net Tangible Assets | 21,437,296 | 17,464,513 | 19,121,388 | 16,235,566 |
London City Equities Limited (ASX:LCE) Balance Sheet Statement FAQ
1. How much Cash London City Equities Limited has on their balance sheet?
As of 30 Jun 2024, London City Equities Limited (ASX:LCE) has $19,758 of Cash.
2. What's the long term debt of London City Equities Limited?
As per the latest Balance sheet of London City Equities Limited (ASX:LCE), it has no Long term debt.
3. How much share holder equity does London City Equities Limited has?
The London City Equities Limited (ASX:LCE)'s balance sheet shows that it has $21,437,296 of Total stock holder equity.