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Fortune Minerals Limited

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
Cost Of Revenue 66,534 69,865 76,988 60,887
Gross Profit -66,534 -69,865 -76,988 -60,887
Selling General And Administration 971,011 1.1M 1.7M 1.1M
General And Administrative Expense 971,011 1.1M 1.7M 1.1M
Other Operating Expenses 1.5M 472,154 1.1M 86,175
Operating Expense 2.5M 1.6M 2.8M 1.2M
Operating Income -2.6M -1.7M -2.9M -1.2M
EBIT -2.5M -1.6M -436,858 -844,418
Interest Expense 1.1M 1.3M 2.1M 1.6M
Interest Expense Non Operating 1.1M 1.3M 2.1M 1.6M
Interest Income 20,144 7,822 9,020 3,222
Interest Income Non Operating 20,144 7,822 9,020 3,222
Net Interest Income -893,092 -1.3M -2.1M -1.3M
Other Income Expense -136,035 124,882 2.5M 106,445
Other Non Operating Income Expenses -161,108 -- -- 273,835
Special Income Charges 157,733 125,379 1.3M 0.00
Gain On Sale Of Security -132,660 -497.00 1.2M 106,445
Pretax Income -3.6M -2.9M -2.5M -2.4M
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -3.6M -2.9M -2.5M -2.4M
Net Income From Continuing Operation Net Minority Interest -3.6M -2.9M -2.5M -2.4M
Net Income Including Noncontrolling Interests -3.6M -2.9M -2.5M -2.4M
Net Income Common Stockholders -3.6M -2.9M -2.5M -2.4M
Net Income -3.6M -2.9M -2.5M -2.4M
EBITDA -2.4M -1.5M -359,870 -783,531
Normalized EBITDA -2.5M -1.6M -2.8M -889,976
Reconciled Depreciation 66,534 69,865 76,988 60,887
Basic EPS -0.01 -0.01 -0.01 -0.01
Diluted EPS -0.01 -0.01 -0.01 -0.01
Basic Average Shares 504.3M 472.9M 383.3M 365.4M
Diluted Average Shares 504.3M 472.9M 383.3M 365.4M
Total Unusual Items 25,073 124,882 2.5M 106,445
Total Unusual Items Excluding Goodwill 25,073 124,882 2.5M 106,445
Tax Rate For Calcs 0.00 0.00 0.00 0.00
Normalized Income -3.6M -3.0M -5.0M -2.5M
Diluted NI Availto Com Stockholders -3.6M -2.9M -2.5M -2.4M
Gain On Sale Of Ppe -- 0.00 -347.00 0.00
Impairment Of Capital Assets -- -- 31.2M 0.00
Net Income Continuous Operations -3.6M -2.9M -2.5M -2.4M
Net Non Operating Interest Income Expense -893,092 -1.3M -2.1M -1.3M
Other Gand A 971,011 845,041 915,853 781,653
Other Special Charges -157,733 -125,379 -1.3M --
Reconciled Cost Of Revenue 66,534 69,865 76,988 60,887
Salaries And Wages 0.00 303,740 809,200 299,205
Total Expenses 2.6M 1.7M 2.9M 1.2M
Total Other Finance Cost -201,427 -4,945 -- -273,835
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 1.6M 673,635 78,650 1.8M
Cash Cash Equivalents And Short Term Investments 1.6M 673,635 78,650 1.8M
Accounts Receivable 730,276 26,328 82,083 194,039
Receivables 730,276 26,328 82,083 194,039
Prepaid Assets 154,060 59,772 51,966 65,922
Current Assets 2.5M 759,735 212,699 2.1M
Gross PPE 5.4M 3.8M 3.6M 394,080
Accumulated Depreciation -3.2M -3.2M -3.1M -655,851
Net PPE 2.1M 601,781 506,646 394,080
Goodwill And Other Intangible Assets 2,564 3,944 6,067 9,334
Other Intangible Assets 2,564 3,944 6,067 9,334
Other Non Current Assets 199,982 199,329 178,735 176,337
Total Non Current Assets 2.3M 801,110 685,381 570,417
Total Assets 4.8M 1.6M 898,080 2.6M
Current Debt 12.6M 9.3M 8.0M 11.4M
Current Debt And Capital Lease Obligation 12.6M 9.3M 8.0M 11.5M
Payables And Accrued Expenses 588,203 187,451 239,750 440,266
Current Deferred Revenue 2.7M 0.00 0.00 0.00
Other Current Liabilities -- 201,427 -- --
Current Liabilities 15.9M 9.7M 8.3M 11.9M
Long Term Debt -- -- 60,000 1.3M
Long Term Debt And Capital Lease Obligation 110,720 169,204 282,603 1.6M
Long Term Capital Lease Obligation 110,720 169,204 222,603 271,250
Total Non Current Liabilities Net Minority Interest 267,271 307,875 308,119 2.8M
Total Liabilities Net Minority Interest 16.2M 10.0M 8.6M 14.7M
Common Stock 182.2M 181.6M 180.5M 174.4M
Capital Stock 182.2M 181.6M 180.5M 174.4M
Retained Earnings -211.4M -207.8M -204.9M -202.4M
Gains Losses Not Affecting Retained Earnings 17.4M 17.3M 16.7M 15.8M
Other Equity Adjustments 17.4M 17.3M 16.7M 15.8M
Common Stock Equity -11.4M -8.5M -7.7M -12.1M
Stockholders Equity -11.4M -8.5M -7.7M -12.1M
Total Equity Gross Minority Interest -11.4M -8.5M -7.7M -12.1M
Total Capitalization -11.4M -8.5M -7.6M -10.8M
Net Tangible Assets -11.4M -8.5M -7.7M -12.1M
Tangible Book Value -11.4M -8.5M -7.7M -12.1M
Working Capital -13.5M -9.0M -8.1M -9.8M
Invested Capital 1.2M 810,693 361,564 654,708
Total Debt 12.7M 9.5M 8.3M 13.1M
Net Debt 11.0M 8.6M 8.0M 11.0M
Share Issued 511.5M 499.6M 459.8M 374.1M
Ordinary Shares Number 511.5M 499.6M 459.8M 374.1M
Buildings And Improvements 593,724 593,724 593,724 --
Capital Lease Obligations 169,204 222,603 271,250 314,915
Construction In Progress 1.9M 355,000 190,000 0.00
Current Capital Lease Obligation 58,484 53,399 48,647 43,665
Current Deferred Liabilities 2.7M 0.00 0.00 0.00
Current Notes Payable 6.7M 6.1M 5.5M 11.4M
Derivative Product Liabilities -- 0.00 0.00 1.2M
Long Term Provisions 156,551 138,671 25,516 23,409
Machinery Furniture Equipment 1.9M 1.8M 1.8M 619,472
Non Current Prepaid Assets 1.9M 355,000 190,000 0.00
Other Current Borrowings 5.8M 3.2M 2.5M 11.4M
Other Equity Interest 297,358 470,167 -- --
Other Properties 963,186 963,186 963,186 76.4M
Restricted Cash -- -- 25,592 25,249
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -186,522 -1.2M -1.7M -814,588
Cash Flow From Continuing Operating Activities -186,522 -1.2M -1.7M -814,588
Depreciation And Amortization 66,534 69,865 76,988 60,887
Depreciation Amortization Depletion 66,534 69,865 76,988 60,887
Stock Based Compensation 0.00 303,740 809,200 299,205
Change In Working Capital -397,484 -4,350 -74,604 730,651
Changes In Account Receivables -703,948 55,755 111,956 -125,502
Change In Receivables -703,948 55,755 111,956 -125,502
Change In Payables And Accrued Expense 400,752 -52,299 -200,516 866,356
Change In Payable -- -- -200,516 253,784
Other Non Cash Items 3.6M 1.2M 1.3M 614,426
Capital Expenditure -1.6M -165,000 -191,101 -93,455
Purchase Of PPE -1.6M -165,000 -191,101 -93,455
Net PPE Purchase And Sale -1.6M -165,000 -189,901 -93,455
Investing Cash Flow -1.6M -185,594 -192,299 -1.4M
Cash Flow From Continuing Investing Activities -1.6M -185,594 -192,299 -1.4M
Issuance Of Debt 2.9M 110,000 1.2M 1.5M
Repayment Of Debt -106,000 -5,500 -1.3M 0.00
Net Issuance Payments Of Debt 2.8M 104,500 -63,200 1.5M
Issuance Of Capital Stock 0.00 2.1M 250,050 948,711
Net Common Stock Issuance 0.00 2.1M 250,050 948,711
Financing Cash Flow 2.7M 2.0M 141,125 2.9M
Cash Flow From Continuing Financing Activities 2.7M 2.0M 141,125 2.9M
Changes In Cash 918,694 594,985 -1.7M 724,036
Beginning Cash Position 673,635 78,650 1.8M 1.1M
End Cash Position 1.6M 673,635 78,650 1.8M
Free Cash Flow -1.8M -1.4M -1.9M -908,043
Amortization Cash Flow 66,534 69,865 76,988 60,887
Amortization Of Intangibles 66,534 69,865 76,988 60,887
Asset Impairment Charge -- -- 31.2M 0.00
Capital Expenditure Reported -- -- -- -93,455
Change In Account Payable -- -- -200,516 253,784
Change In Accrued Expense -- -- 924,101 612,572
Change In Interest Payable -- -- 924,101 612,572
Change In Prepaid Assets -94,288 -7,806 13,956 -10,203
Common Stock Issuance 0.00 2.1M 250,050 948,711
Gain Loss On Investment Securities -- -- -1.2M -106,541
Gain Loss On Sale Of PPE -- 0.00 347.00 0.00
Long Term Debt Issuance 2.9M 110,000 1.2M 1.5M
Long Term Debt Payments -66,000 -5,500 -1.3M 0.00
Net Foreign Currency Exchange Gain Loss 79,700 0.00 -- --
Net Income From Continuing Operations -3.6M -2.9M -2.5M -2.4M
Net Long Term Debt Issuance 2.9M 104,500 -63,200 1.5M
Net Other Financing Charges -110,000 -174,822 -83,725 --
Net Other Investing Changes -653.00 -20,594 -2,398 -1.3M
Net Short Term Debt Issuance -40,000 0.00 -- --
Operating Gains Losses 79,700 -20,000 -1.2M -106,541
Proceeds From Stock Option Exercised -- 0.00 38,000 485,933
Provisionand Write Offof Assets 17,880 113,155 -- --
Sale Of PPE -- 0.00 1,200 0.00
Short Term Debt Payments -40,000 0.00 -- --
Unrealized Gain Loss On Investment Securities 82,090 0.00 -- --
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