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Oceanic Iron Ore Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 0.00 0.00 0.00 0.00
Operating Revenue 0.00 0.00 0.00 0.00
Selling General And Administration 671,823 537,697 557,034 599,193
General And Administrative Expense 671,823 537,697 557,034 599,193
Other Operating Expenses 32,973 33,439 23,860 25,358
Operating Expense 704,796 571,136 580,894 624,551
Operating Income -704,796 -571,136 -580,894 -624,551
EBIT -4.0M 590,879 -605,452 3.5M
Interest Expense 698,230 539,281 454,455 360,463
Interest Expense Non Operating 698,230 539,281 454,455 360,463
Net Interest Income -698,230 -539,281 -454,455 -360,463
Other Income Expense -3.3M 1.2M -24,558 4.1M
Gain On Sale Of Security -3.3M 1.2M -24,558 4.1M
Pretax Income -4.7M 51,598 -1.1M 3.1M
Tax Effect Of Unusual Items 0.00 464,806 0.00 1.1M
Net Income From Continuing And Discontinued Operation -4.7M 51,598 -1.1M 3.1M
Net Income From Continuing Operation Net Minority Interest -4.7M 51,598 -1.1M 3.1M
Net Income Including Noncontrolling Interests -4.7M 51,598 -1.1M 3.1M
Net Income Common Stockholders -4.7M 51,598 -1.1M 3.1M
Net Income -4.7M 51,598 -1.1M 3.1M
EBITDA -4.0M 590,879 -605,452 3.5M
Normalized EBITDA -704,796 -571,136 -580,894 -624,551
Basic EPS -0.04 0.00 -0.01 0.03
Diluted EPS -0.04 0.00 -0.01 0.02
Basic Average Shares 110.1M 103.3M 97.1M 94.3M
Diluted Average Shares 110.1M 103.3M 97.1M 127.7M
Total Unusual Items -3.3M 1.2M -24,558 4.1M
Total Unusual Items Excluding Goodwill -3.3M 1.2M -24,558 4.1M
Tax Rate For Calcs 0.00 0.40 0.00 0.27
Normalized Income -1.4M -645,611 -1.0M 96,219
Diluted NI Availto Com Stockholders -4.7M 51,598 -1.1M 3.1M
Insurance And Claims 18,220 25,481 27,831 31,932
Net Income Continuous Operations -4.7M 51,598 -1.1M 3.1M
Net Non Operating Interest Income Expense -698,230 -539,281 -454,455 -360,463
Other Gand A 445,354 362,276 365,404 343,464
Rent And Landing Fees 10,670 10,670 10,484 10,162
Rent Expense Supplemental 10,670 10,670 10,484 10,162
Salaries And Wages 197,579 139,270 153,315 213,635
Total Expenses 704,796 571,136 580,894 624,551
Total Operating Income As Reported -704,796 -571,136 -580,894 -624,551
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 1.4M 269,513 662,818 293,162
Cash Cash Equivalents And Short Term Investments 1.4M 269,513 662,818 293,162
Cash Financial 1.4M 269,513 662,818 293,162
Accounts Receivable 21,027 6,319 5,869 3,753
Receivables 21,027 6,319 5,869 3,753
Prepaid Assets 2,057 13,552 6,976 13,613
Current Assets 1.4M 289,384 675,663 310,528
Net PPE 44.9M 44.5M 44.2M 43.9M
Total Non Current Assets 44.9M 44.5M 44.2M 43.9M
Total Assets 46.3M 44.7M 44.9M 44.2M
Current Debt 9.1M 3.4M 1.1M 1.2M
Current Debt And Capital Lease Obligation 9.1M 3.4M 1.1M 1.2M
Accounts Payable 257,674 343,279 346,651 236,230
Payables 723,493 1.0M 713,329 717,920
Payables And Accrued Expenses 723,493 1.0M 713,329 717,920
Current Liabilities 9.8M 4.5M 1.8M 1.9M
Long Term Debt -- 3.4M 3.4M 1.9M
Long Term Debt And Capital Lease Obligation -- 3.4M 3.4M 1.9M
Total Non Current Liabilities Net Minority Interest 416,283 423,652 3.9M 2.4M
Total Liabilities Net Minority Interest 10.3M 4.9M 5.6M 4.2M
Common Stock 63.2M 62.4M 61.9M 61.6M
Capital Stock 63.2M 62.4M 61.9M 61.6M
Retained Earnings -38.5M -33.9M -33.9M -32.9M
Gains Losses Not Affecting Retained Earnings 11.5M 11.3M 11.2M 11.2M
Common Stock Equity 36.1M 39.8M 39.2M 40.0M
Stockholders Equity 36.1M 39.8M 39.2M 40.0M
Total Equity Gross Minority Interest 36.1M 39.8M 39.2M 40.0M
Total Capitalization 36.1M 39.8M 42.6M 41.9M
Net Tangible Assets 36.1M 39.8M 39.2M 40.0M
Tangible Book Value 36.1M 39.8M 39.2M 40.0M
Working Capital -8.4M -4.2M -1.1M -1.6M
Invested Capital 45.2M 43.3M 43.7M 43.1M
Total Debt 9.1M 3.4M 4.5M 3.1M
Net Debt 7.7M 3.2M 3.8M 2.8M
Share Issued 114.3M 106.5M 99.7M 96.7M
Ordinary Shares Number 114.3M 106.5M 99.7M 96.7M
Dueto Related Parties Current 249,069 475,690 197,149 309,335
Other Current Borrowings 9.1M 3.4M 1.1M 1.2M
Other Payable 216,750 219,529 169,529 172,355
Tradeand Other Payables Non Current 416,283 423,652 423,221 423,220
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -797,470 -231,128 -619,576 -817,116
Cash Flow From Continuing Operating Activities -797,470 -231,128 -619,576 -817,116
Stock Based Compensation 167,579 109,270 50,388 109,601
Change In Working Capital -260,253 230,738 -89,070 -302,166
Change In Receivables -9,487 -212.00 -1,873 -867.00
Change In Payables And Accrued Expense -255,657 231,557 -94,466 -297,465
Change In Payable -255,657 231,557 -94,466 -297,465
Other Non Cash Items 698,230 539,281 454,455 360,463
Capital Expenditure -250,808 -87,177 -62,254 -114,907
Purchase Of PPE -- -- -62,254 -114,907
Net PPE Purchase And Sale -- -- -62,254 -114,907
Investing Cash Flow -250,808 -87,177 -62,254 -114,907
Cash Flow From Continuing Investing Activities -250,808 -87,177 -62,254 -114,907
Issuance Of Debt 2.4M 0.00 1.2M 1.6M
Net Issuance Payments Of Debt 2.4M 0.00 1.2M 1.6M
Financing Cash Flow 2.2M -75,000 1.1M 1.2M
Cash Flow From Continuing Financing Activities 2.2M -75,000 1.1M 1.2M
Changes In Cash 1.2M -393,305 369,656 246,530
Beginning Cash Position 269,513 662,818 293,162 46,632
End Cash Position 1.4M 269,513 662,818 293,162
Free Cash Flow -1.0M -318,305 -681,830 -932,023
Capital Expenditure Reported -250,808 -87,177 -62,254 -114,907
Cash Dividends Paid -- 0.00 0.00 0.00
Change In Account Payable -29,036 -46,984 53,706 -45,826
Change In Prepaid Assets 4,891 -607.00 7,269 -3,834
Gain Loss On Investment Securities 3.3M -1.2M 24,558 -4.1M
Interest Paid Cff -- 0.00 -134,090 -243,061
Long Term Debt Issuance 2.4M 0.00 1.2M 1.6M
Net Income From Continuing Operations -4.7M 51,598 -1.1M 3.1M
Net Long Term Debt Issuance 2.4M 0.00 1.2M 1.6M
Net Other Financing Charges -274,751 -75,000 -34,424 -138,314
Net Other Investing Changes -- -87,177 -62,254 --
Operating Gains Losses 3.3M -1.2M 24,558 -4.1M
Proceeds From Stock Option Exercised 89,500 0.00 0.00 2,380
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