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Lara Exploration Ltd.

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 1.9M 1.0M 461,231 537,361
Gross Profit -1.9M -1.0M -461,231 -537,361
Selling General And Administration 1.2M 1.9M 762,106 635,890
General And Administrative Expense 1.2M 1.9M 762,106 635,890
Other Operating Expenses -- 202,330 140,862 123,673
Operating Expense 1.2M 1.9M 762,106 635,890
Operating Income -3.1M -2.9M -1.2M -1.2M
EBIT -3.1M -2.9M -1.2M -1.2M
Other Income Expense 1.9M -118,012 878,755 3.6M
Other Non Operating Income Expenses -262,171 107,233 832,391 252,934
Special Income Charges 2.6M -125,628 -26,883 -58,049
Restructuring And Mergern Acquisition 0.00 -42,831 0.00 --
Write Off -- 0.00 26,883 0.00
Gain On Sale Of Security -384,530 -79,159 83,474 3.3M
Earnings From Equity Interest -41,172 -20,458 -10,227 97,994
Pretax Income -1.2M -3.0M -344,582 2.4M
Tax Provision -- -- 0.00 -11,203
Tax Effect Of Unusual Items 0.00 0.00 0.00 853,467
Net Income From Continuing And Discontinued Operation -1.2M -3.0M -344,582 2.4M
Net Income From Continuing Operation Net Minority Interest -1.2M -3.0M -344,582 2.4M
Net Income Including Noncontrolling Interests -1.2M -3.0M -344,582 2.4M
Net Income Common Stockholders -1.2M -3.0M -344,582 2.4M
Net Income -1.2M -3.0M -344,582 2.4M
EBITDA -3.1M -2.9M -1.2M -1.2M
Normalized EBITDA -5.3M -2.7M -1.3M -4.4M
Reconciled Depreciation 5,554 5,301 16,654 16,697
Basic EPS -0.02 -0.07 -0.01 0.06
Diluted EPS -0.02 -0.07 -0.01 0.06
Basic Average Shares 46.3M 45.8M 43.0M 39.6M
Diluted Average Shares 46.3M 45.8M 43.0M 39.6M
Total Unusual Items 2.2M -204,787 56,591 3.2M
Total Unusual Items Excluding Goodwill 2.2M -204,787 56,591 3.2M
Tax Rate For Calcs 0.00 0.00 0.00 0.27
Normalized Income -3.4M -2.8M -401,173 42,347
Diluted NI Availto Com Stockholders -1.2M -3.0M -344,582 2.4M
Gain On Sale Of Business 0.00 -168,459 0.00 0.00
Gain On Sale Of Ppe 2.6M 0.00 -- --
Impairment Of Capital Assets 2,307 0.00 0.00 58,049
Net Income Continuous Operations -1.2M -3.0M -344,582 2.4M
Other Gand A 567,246 445,279 394,592 285,336
Reconciled Cost Of Revenue 1.9M 1.0M 461,231 537,361
Rent And Landing Fees 411,891 401,459 367,514 333,918
Rent Expense Supplemental 411,891 401,459 367,514 333,918
Salaries And Wages 221,721 1.0M 0.00 16,636
Total Expenses 3.1M 2.9M 1.2M 1.2M
Total Operating Income As Reported -3.1M -2.9M -1.2M --
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 5.1M 1.0M 3.3M 1.9M
Cash Cash Equivalents And Short Term Investments 5.1M 1.0M 3.3M 1.9M
Cash Equivalents -- -- 352,811 149,387
Cash Financial -- -- 2.9M 1.8M
Accounts Receivable 26,640 59,105 56,816 76,599
Receivables 26,640 59,105 56,816 81,050
Prepaid Assets 92,217 81,552 49,069 159,889
Current Assets 5.3M 2.7M 4.9M 2.2M
Gross PPE 143,464 85,129 96,513 289,113
Accumulated Depreciation -- -- -210,830 -194,176
Net PPE 143,464 85,129 96,513 94,937
Investments And Advances 3.1M 3.4M 3.5M 3.5M
Long Term Equity Investment 26,137 67,309 87,767 97,994
Other Non Current Assets 57,976 57,976 97,391 57,500
Total Non Current Assets 3.3M 3.5M 3.7M 3.6M
Total Assets 8.6M 6.2M 8.6M 5.8M
Accounts Payable 109,093 208,251 175,352 251,976
Payables 109,093 208,251 175,352 251,976
Payables And Accrued Expenses 109,093 208,251 175,352 251,976
Current Liabilities 109,093 208,251 594,302 1.5M
Total Non Current Liabilities Net Minority Interest 0.00 0.00 0.00 0.00
Total Liabilities Net Minority Interest 109,093 208,251 594,302 1.5M
Common Stock 34.4M 30.8M 30.8M 26.8M
Capital Stock 34.4M 30.8M 30.8M 26.8M
Retained Earnings -36.8M -35.6M -32.6M -32.3M
Common Stock Equity 8.5M 6.0M 8.0M 4.3M
Stockholders Equity 8.5M 6.0M 8.0M 4.3M
Total Equity Gross Minority Interest 8.5M 6.0M 8.0M 4.3M
Total Capitalization 8.5M 6.0M 8.0M 4.3M
Net Tangible Assets 8.5M 6.0M 8.0M 4.3M
Tangible Book Value 8.5M 6.0M 8.0M 4.3M
Working Capital 5.2M 2.5M 4.3M 701,423
Invested Capital 8.5M 6.0M 8.0M 4.3M
Share Issued 49.4M 45.8M 45.8M 39.6M
Ordinary Shares Number 49.4M 45.8M 45.8M 39.6M
Current Deferred Liabilities -- 0.00 418,950 1.2M
Financial Assets Designatedas Fair Value Through Profitor Loss Total 3.1M 3.3M 3.4M 3.4M
Investmentin Financial Assets 3.1M 3.3M 3.4M 3.4M
Investmentsin Associatesat Cost 26,137 67,309 87,767 97,994
Loans Receivable -- -- 0.00 0.00
Machinery Furniture Equipment -- -- 231,225 215,302
Non Current Deferred Liabilities -- -- -- 0.00
Non Current Deferred Taxes Liabilities -- -- -- 0.00
Other Equity Interest 10.9M 10.9M 9.8M 9.8M
Other Properties 143,464 85,129 96,513 73,811
Restricted Cash 0.00 1.5M 1.5M 0.00
Taxes Receivable -- -- 5,615 4,451
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -1.8M -2.3M -2.7M 97,843
Cash Flow From Continuing Operating Activities -1.8M -2.3M -2.7M 97,843
Depreciation And Amortization 5,554 5,301 16,654 16,697
Depreciation Amortization Depletion 5,554 5,301 16,654 16,697
Stock Based Compensation 221,721 1.0M 0.00 16,636
Deferred Tax -- -- 0.00 -11,203
Deferred Income Tax -- -- 0.00 -11,203
Change In Working Capital 1.4M -521,895 -2.3M 1.0M
Change In Receivables 32,465 -4,406 -2,649 -44,946
Change In Payables And Accrued Expense -99,158 120,984 -76,624 143,541
Change In Other Working Capital 1.5M -620,273 -2.3M 1.0M
Other Non Cash Items -- -- 26,883 --
Capital Expenditure -67,870 -- -18,230 -55,222
Purchase Of PPE -67,870 0.00 -18,230 -55,222
Net PPE Purchase And Sale -67,870 0.00 -18,230 -55,222
Purchase Of Business 0.00 -464,377 0.00 0.00
Sale Of Business 0.00 479,497 0.00 --
Purchase Of Investment -- -- -- 0.00
Sale Of Investment 2.6M 0.00 0.00 268,939
Net Investment Purchase And Sale 2.6M 0.00 0.00 268,939
Investing Cash Flow 2.5M 15,120 -18,230 213,717
Cash Flow From Continuing Investing Activities 2.5M 15,120 -18,230 213,717
Issuance Of Capital Stock -- 0.00 4.0M 0.00
Net Common Stock Issuance -- 0.00 4.0M 0.00
Financing Cash Flow 3.4M 0.00 4.0M 0.00
Cash Flow From Continuing Financing Activities 3.4M 0.00 4.0M 0.00
Effect Of Exchange Rate Changes -9,196 1,946 87,859 17,754
Changes In Cash 4.1M -2.2M 1.3M 311,560
Beginning Cash Position 1.0M 3.3M 1.9M 1.6M
End Cash Position 5.1M 1.0M 3.3M 1.9M
Free Cash Flow -1.9M -2.3M -2.7M 42,621
Asset Impairment Charge 2,307 0.00 0.00 58,049
Change In Prepaid Assets -10,665 -18,200 110,820 -120,293
Common Stock Issuance -- 0.00 4.0M 0.00
Depreciation 5,554 5,301 16,654 16,697
Earnings Losses From Equity Investments 41,172 20,458 10,227 -97,994
Gain Loss On Investment Securities -- -- -- -72,539
Gain Loss On Sale Of Business -2.6M 125,628 0.00 --
Net Business Purchase And Sale 0.00 15,120 0.00 0.00
Net Foreign Currency Exchange Gain Loss 10,870 3,876 -87,859 -17,754
Net Income From Continuing Operations -1.2M -3.0M -344,582 2.4M
Operating Gains Losses -2.6M 149,962 -77,632 -188,287
Proceeds From Stock Option Exercised 3.4M 0.00 -- 0.00
Unrealized Gain Loss On Investment Securities 207,587 79,745 -8,675 -3.2M
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