Northern Shield Resources Inc.
Financial Statements (IFRS) · Amounts in CAD
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 | 3,350 | 4,184 | 4,905 | 29,057 |
| Gross Profit | -3,350 | -4,184 | -4,905 | -29,057 |
| Selling General And Administration | 588,628 | 853,786 | 609,222 | 716,260 |
| General And Administrative Expense | 539,669 | 741,777 | 599,427 | 695,875 |
| Other Operating Expenses | -673,815 | -- | -405.00 | -220,433 |
| Operating Expense | -85,187 | 853,786 | 608,817 | 495,827 |
| Operating Income | 81,837 | -857,970 | -613,722 | -524,884 |
| EBIT | 81,837 | -857,970 | -613,722 | -524,884 |
| Interest Income | 86,505 | 0.00 | 7.00 | 33,861 |
| Interest Income Non Operating | 86,505 | 0.00 | 7.00 | 33,861 |
| Net Interest Income | 86,505 | 0.00 | 7.00 | 33,861 |
| Other Income Expense | -3.4M | -133,262 | 3,662 | 257,984 |
| Other Non Operating Income Expenses | 59,765 | 120,545 | 9,591 | 257,984 |
| Special Income Charges | -3.4M | -253,807 | -5,929 | 0.00 |
| Pretax Income | -3.2M | -991,232 | -610,053 | -233,039 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -3.2M | -991,232 | -610,053 | -233,039 |
| Net Income From Continuing Operation Net Minority Interest | -3.2M | -991,232 | -610,053 | -233,039 |
| Net Income Including Noncontrolling Interests | -3.2M | -991,232 | -610,053 | -233,039 |
| Net Income Common Stockholders | -3.2M | -991,232 | -610,053 | -233,039 |
| Net Income | -3.2M | -991,232 | -610,053 | -233,039 |
| EBITDA | 85,187 | -853,786 | -608,817 | -495,827 |
| Normalized EBITDA | 3.5M | -599,979 | -602,888 | -495,827 |
| Reconciled Depreciation | 3,350 | 4,184 | 4,905 | 29,057 |
| Basic EPS | -0.04 | -0.01 | -0.01 | -0.00 |
| Diluted EPS | -0.04 | -0.01 | -0.01 | -0.00 |
| Basic Average Shares | 83.9M | 75.4M | 59.5M | 56.6M |
| Diluted Average Shares | 83.9M | 75.4M | 59.5M | 56.6M |
| Total Unusual Items | -3.4M | -253,807 | -5,929 | 0.00 |
| Total Unusual Items Excluding Goodwill | -3.4M | -253,807 | -5,929 | 0.00 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | 228,107 | -737,425 | -604,124 | -233,039 |
| Diluted NI Availto Com Stockholders | -3.2M | -991,232 | -610,053 | -233,039 |
| Gain On Sale Of Ppe | -- | 0.00 | 3,065 | 0.00 |
| Impairment Of Capital Assets | 3.4M | 253,807 | 8,994 | 0.00 |
| Insurance And Claims | 28,409 | 29,905 | 27,786 | 24,400 |
| Net Income Continuous Operations | -3.2M | -991,232 | -610,053 | -233,039 |
| Net Non Operating Interest Income Expense | 86,505 | 0.00 | 7.00 | 33,861 |
| Other Gand A | 244,425 | 239,346 | 293,773 | 323,997 |
| Reconciled Cost Of Revenue | 3,350 | 4,184 | 4,905 | 29,057 |
| Salaries And Wages | 266,835 | 472,526 | 277,868 | 347,478 |
| Selling And Marketing Expense | 48,959 | 112,009 | 9,795 | 20,385 |
| Total Expenses | -81,837 | 857,970 | 613,722 | 524,884 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 386,939 | 175,532 | 216,977 | 301,621 |
| Cash Cash Equivalents And Short Term Investments | 386,939 | 175,532 | 216,977 | 301,621 |
| Cash Financial | 386,939 | 175,532 | 216,977 | 301,621 |
| Accounts Receivable | 46,819 | 81,245 | 17,924 | 159,400 |
| Receivables | 46,819 | 81,245 | 17,924 | 159,400 |
| Prepaid Assets | 68,847 | 99,869 | 104,344 | 72,101 |
| Current Assets | 502,605 | 356,646 | 339,245 | 533,122 |
| Gross PPE | 2.9M | 6.1M | 5.8M | 5.6M |
| Accumulated Depreciation | -407,161 | -399,558 | -390,152 | -462,224 |
| Net PPE | 2.5M | 5.7M | 5.4M | 5.2M |
| Goodwill And Other Intangible Assets | -- | -- | 634.00 | 1,083 |
| Other Intangible Assets | -- | -- | 634.00 | 1,083 |
| Investments And Advances | 833.00 | 833.00 | 833.00 | 833.00 |
| Other Investments | -- | -- | -- | 833.00 |
| Total Non Current Assets | 2.5M | 5.7M | 5.4M | 5.2M |
| Total Assets | 3.0M | 6.0M | 5.8M | 5.7M |
| Payables And Accrued Expenses | 449,168 | 714,447 | 450,860 | 313,986 |
| Other Current Liabilities | 100,000 | -- | -- | -- |
| Current Liabilities | 671,579 | 816,623 | 561,512 | 334,014 |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 671,579 | 816,623 | 561,512 | 334,014 |
| Common Stock | 33.9M | 33.6M | 32.8M | 32.4M |
| Capital Stock | 33.9M | 33.6M | 32.8M | 32.4M |
| Retained Earnings | -36.4M | -33.2M | -32.2M | -31.6M |
| Common Stock Equity | 2.3M | 5.2M | 5.2M | 5.4M |
| Stockholders Equity | 2.3M | 5.2M | 5.2M | 5.4M |
| Total Equity Gross Minority Interest | 2.3M | 5.2M | 5.2M | 5.4M |
| Total Capitalization | 2.3M | 5.2M | 5.2M | 5.4M |
| Net Tangible Assets | 2.3M | 5.2M | 5.2M | 5.4M |
| Tangible Book Value | 2.3M | 5.2M | 5.2M | 5.4M |
| Working Capital | -168,974 | -459,977 | -222,267 | 199,108 |
| Invested Capital | 2.3M | 5.2M | 5.2M | 5.4M |
| Total Debt | -- | -- | -- | 0.00 |
| Share Issued | 91.4M | 83.3M | 68.3M | 58.3M |
| Ordinary Shares Number | 91.4M | 83.3M | 68.3M | 58.3M |
| Available For Sale Securities | 833.00 | 833.00 | 833.00 | 833.00 |
| Capital Lease Obligations | -- | -- | -- | 0.00 |
| Current Capital Lease Obligation | -- | -- | -- | 0.00 |
| Current Deferred Liabilities | 122,411 | 102,176 | 110,652 | 20,028 |
| Investmentin Financial Assets | 833.00 | 833.00 | 833.00 | 833.00 |
| Machinery Furniture Equipment | 216,637 | 216,637 | 216,637 | 215,277 |
| Other Equity Interest | 4.7M | 4.7M | 4.6M | 4.5M |
| Other Properties | 2.7M | 5.8M | 5.6M | 5.4M |
| Treasury Shares Number | -- | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 104,128 | -535,657 | -367,544 | -556,797 |
| Cash Flow From Continuing Operating Activities | 104,128 | -739,757 | -367,544 | -556,797 |
| Depreciation And Amortization | 3,350 | 4,184 | 4,905 | 29,057 |
| Depreciation Amortization Depletion | 3,350 | 4,184 | 4,905 | 29,057 |
| Stock Based Compensation | -- | -- | -- | 0.00 |
| Change In Working Capital | -67,564 | 114,029 | 238,201 | -95,662 |
| Change In Receivables | 34,426 | -63,321 | 141,476 | -103,898 |
| Change In Payables And Accrued Expense | -133,012 | 172,875 | 128,968 | 47,036 |
| Other Non Cash Items | -59,765 | 83,555 | -9,591 | -257,153 |
| Capital Expenditure | -- | -330,764 | -614.00 | -7,972 |
| Purchase Of PPE | -- | 0.00 | -614.00 | -7,972 |
| Net PPE Purchase And Sale | -- | 0.00 | -614.00 | -7,972 |
| Investing Cash Flow | -340,413 | -330,764 | -218,047 | -1.7M |
| Cash Flow From Continuing Investing Activities | -340,413 | -330,764 | -218,047 | -1.7M |
| Repayment Of Debt | -- | 0.00 | 0.00 | -25,443 |
| Net Issuance Payments Of Debt | -- | 0.00 | 0.00 | -25,443 |
| Issuance Of Capital Stock | 347,692 | 824,976 | 500,947 | 753,829 |
| Net Common Stock Issuance | 347,692 | 824,976 | 500,947 | 753,829 |
| Financing Cash Flow | 447,692 | 824,976 | 500,947 | 728,386 |
| Cash Flow From Continuing Financing Activities | 447,692 | 824,976 | 500,947 | 728,386 |
| Changes In Cash | 211,407 | -41,445 | -84,644 | -1.5M |
| Beginning Cash Position | 175,532 | 216,977 | 301,621 | 1.8M |
| End Cash Position | 386,939 | 175,532 | 216,977 | 301,621 |
| Free Cash Flow | 104,128 | -535,657 | -368,158 | -564,769 |
| Amortization Cash Flow | -- | 4,184 | 4,905 | 29,057 |
| Amortization Of Intangibles | -- | 4,184 | 4,905 | 29,057 |
| Asset Impairment Charge | 3.4M | 253,807 | 8,994 | 0.00 |
| Change In Prepaid Assets | 31,022 | 4,475 | -32,243 | -38,800 |
| Common Stock Issuance | 347,692 | 824,976 | 500,947 | 753,829 |
| Depreciation | 3,350 | 4,184 | 4,905 | 29,057 |
| Long Term Debt Payments | -- | 0.00 | 0.00 | -25,443 |
| Net Income From Continuing Operations | -3.2M | -991,232 | -610,053 | -233,039 |
| Net Long Term Debt Issuance | -- | 0.00 | 0.00 | -25,443 |
| Net Other Financing Charges | 100,000 | -- | -- | -- |
| Net Other Investing Changes | -340,413 | -330,764 | -217,433 | -1.6M |
| Sale Of PPE | -- | 0.00 | -614.00 | -7,972 |