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.
White Cliff Minerals Limited Balance Sheet Statement - Assets
As of 30 Jun 2024, The total current assets of White Cliff Minerals Limited (ASX:WCN) was around $4,559,639 which consisted of $2,958,993 of Cash, no Inventory and $52,998 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 White Cliff Minerals Limited also showed $1,007,606 of 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 $5,567,245.
White Cliff Minerals Limited Balance Sheet Statement - Liabilities
WCN's latest annual results shows the balance sheet has $310,398 of Accounts Payable. Also there were no Short/Long term debt, no Long term debt, no Other Current liabilities and $310,398 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 White Cliff Minerals Limited, the total liabilities were $310,398.
WCN 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 White Cliff Minerals Limited showed the total stock holder equity was $5,256,847 which consisted of $45,604,370 of Common stocks, $-41,787,399 of Retained earnings and no Other stock holder equity.
WCN Balance Sheet Statement History
Following table shows the history of balance sheet for White Cliff Minerals Limited (WCN).
| 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2022 | 30 Jun 2021 | |
|---|---|---|---|---|
| Cash | 2,958,993 | 2,194,386 | 554,777 | 1,302,415 |
| Net Receivables | 52,998 | - | 21,836 | 49,323 |
| Inventory | - | - | - | - |
| Total Current Assets | 4,559,639 | 7,927,609 | 958,573 | 2,221,516 |
| Property Plant Equipment | 1,007,606 | 4,353,772 | 3,151,474 | 1,141,816 |
| Good Will | - | - | - | - |
| Intangible Assets | - | - | - | - |
| Other Assets | - | - | - | - |
| Deferred Long Term Asset Charges | - | - | - | - |
| Total Assets | 5,567,245 | 12,281,381 | 4,110,047 | 3,363,332 |
| Accounts Payable | 310,398 | 344,125 | 70,705 | 70,050 |
| Short/Long Term Debt | - | - | - | - |
| Other Current Liabilities | - | - | - | - |
| Long Term Debt | - | - | - | - |
| Other Liabilities | - | - | - | - |
| Total Current Liabilities | 310,398 | 1,066,161 | 119,270 | 118,615 |
| Total Liabilities | 310,398 | 1,066,161 | 162,259 | 211,604 |
| Common Stock | 45,604,370 | 39,147,963 | 35,459,070 | 33,199,580 |
| Retained Earnings | -41,787,399 | -30,602,765 | -33,761,990 | -31,689,973 |
| Treasury Stock | - | - | - | - |
| Other Stockholder Equity | - | - | - | - |
| Total Stockholder Equity | 5,256,847 | 11,215,220 | 3,947,788 | 3,151,728 |
| Net Tangible Assets | 5,256,847 | 11,215,220 | 3,947,788 | 3,151,728 |
White Cliff Minerals Limited (ASX:WCN) Balance Sheet Statement FAQ
1. How much Cash White Cliff Minerals Limited has on their balance sheet?
As of 30 Jun 2024, White Cliff Minerals Limited (ASX:WCN) has $2,958,993 of Cash.
2. What's the long term debt of White Cliff Minerals Limited?
As per the latest Balance sheet of White Cliff Minerals Limited (ASX:WCN), it has no Long term debt.
3. How much share holder equity does White Cliff Minerals Limited has?
The White Cliff Minerals Limited (ASX:WCN)'s balance sheet shows that it has $5,256,847 of Total stock holder equity.