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.
VEEM Ltd Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of VEEM Ltd (ASX:VEE) was around $39,238,734 which consisted of $170,558 of Cash, $23,433,884 of Inventory and $13,204,501 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 VEEM Ltd also showed $29,974,099 of Property Plant Equipment and no Good will. Also there were $21,902,417 of Intangible assets and no Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were $93,965,934.
VEEM Ltd Balance Sheet Statement - Liabilities
VEE's latest annual results shows the balance sheet has $6,286,170 of Accounts Payable. Also there were $21,979,101 of Short/Long term debt, $9,752,908 of Long term debt, no Other Current liabilities and $16,561,694 of 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 VEEM Ltd, the total liabilities were $41,682,406.
VEE 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 VEEM Ltd showed the total stock holder equity was $52,283,528 which consisted of $11,541,213 of Common stocks, $40,600,612 of Retained earnings and no Other stock holder equity.
VEE Balance Sheet Statement History
Following table shows the history of balance sheet for VEEM Ltd (VEE).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | 30 Jun 2021 | |
|---|---|---|---|---|
| Cash | 170,558 | 2,421,112 | 2,632,302 | 2,233,076 |
| Net Receivables | 13,204,501 | 10,112,724 | 10,613,826 | 9,820,535 |
| Inventory | 23,433,884 | 20,937,448 | 26,135,631 | 12,992,181 |
| Total Current Assets | 39,238,734 | 35,515,345 | 41,203,289 | 28,250,912 |
| Property Plant Equipment | 29,974,099 | 327,717 | -4,898,066 | 25,026,404 |
| Good Will | - | - | - | - |
| Intangible Assets | 21,902,417 | 21,021,524 | 18,053,058 | 15,705,046 |
| Other Assets | - | - | - | - |
| Deferred Long Term Asset Charges | - | - | - | - |
| Total Assets | 93,965,934 | 61,132,987 | 57,215,110 | 70,283,972 |
| Accounts Payable | 6,286,170 | 4,878,254 | 7,945,174 | 4,326,074 |
| Short/Long Term Debt | 21,979,101 | 26,171,743 | 21,666,612 | 20,041,430 |
| Other Current Liabilities | - | - | - | 717,931 |
| Long Term Debt | 9,752,908 | 10,508,404 | 8,121,339 | 5,277,849 |
| Other Liabilities | - | - | - | - |
| Total Current Liabilities | 16,561,694 | 16,785,860 | 17,519,513 | 12,118,112 |
| Total Liabilities | 41,682,406 | 44,681,920 | 42,129,567 | 33,661,520 |
| Common Stock | 11,541,213 | 11,509,613 | 11,509,613 | 5,140,616 |
| Retained Earnings | 40,600,612 | 35,352,005 | 32,067,675 | 31,481,836 |
| Treasury Stock | - | - | - | - |
| Other Stockholder Equity | - | - | - | - |
| Total Stockholder Equity | 52,283,528 | 46,821,862 | 43,602,010 | 36,622,452 |
| Net Tangible Assets | 30,381,111 | 25,800,338 | 25,548,952 | 20,917,406 |
VEEM Ltd (ASX:VEE) Balance Sheet Statement FAQ
1. How much Cash VEEM Ltd has on their balance sheet?
As of 30 Jun 2024, VEEM Ltd (ASX:VEE) has $170,558 of Cash.
2. What's the long term debt of VEEM Ltd?
As per the latest Balance sheet of VEEM Ltd (ASX:VEE), it has $9,752,908 of Long term debt.
3. How much share holder equity does VEEM Ltd has?
The VEEM Ltd (ASX:VEE)'s balance sheet shows that it has $52,283,528 of Total stock holder equity.