Patagonia Gold Corp.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2021Dec 31, 2021
Total Revenue	18.1M
Operating Revenue	18.1M
Cost Of Revenue	13.6M
Gross Profit	4.5M
Selling General And Administration	4.1M
General And Administrative Expense	4.1M
Depreciation And Amortization In Income Statement	538,000
Other Operating Expenses	4.7M
Operating Expense	12.5M
Operating Income	-7.9M
EBIT	-10.0M
Interest Expense	1.4M
Interest Expense Non Operating	1.4M
Interest Income	221,000
Interest Income Non Operating	221,000
Net Interest Income	-1.2M
Other Income Expense	-2.3M
Other Non Operating Income Expenses	1.4M
Special Income Charges	-3.5M
Write Off	2.3M
Gain On Sale Of Security	-224,000
Pretax Income	-11.4M
Tax Provision	-177,000
Tax Effect Of Unusual Items	-57,231
Net Income From Continuing And Discontinued Operation	-11.2M
Net Income From Continuing Operation Net Minority Interest	-11.2M
Net Income Including Noncontrolling Interests	-11.3M
Minority Interests	97,000
Net Income Common Stockholders	-11.2M
Net Income	-11.2M
EBITDA	-6.3M
Normalized EBITDA	-2.6M
Reconciled Depreciation	3.7M
Basic EPS	-0.03
Diluted EPS	-0.03
Basic Average Shares	446.4M
Diluted Average Shares	446.4M
Total Unusual Items	-3.7M
Total Unusual Items Excluding Goodwill	-3.7M
Tax Rate For Calcs	0.02
Normalized Income	-7.5M
Amortization	100,000
Amortization Of Intangibles Income Statement	100,000
Depletion Income Statement	1.3M
Depreciation Amortization Depletion Income Statement	1.8M
Depreciation Income Statement	438,000
Diluted NI Availto Com Stockholders	-11.2M
Gain On Sale Of Ppe	336,000
Impairment Of Capital Assets	1.5M
Net Income Continuous Operations	-11.3M
Net Non Operating Interest Income Expense	-1.2M
Other Gand A	3.5M
Other Taxes	1.2M
Reconciled Cost Of Revenue	11.7M
Rent And Landing Fees	59,000
Rent Expense Supplemental	59,000
Salaries And Wages	583,000
Total Expenses	26.0M

Line Item	FY 2021Dec 31, 2021
Cash And Cash Equivalents	291,000
Cash Cash Equivalents And Short Term Investments	291,000
Cash Financial	291,000
Accounts Receivable	112,000
Receivables	2.5M
Inventory	3.8M
Current Assets	6.6M
Gross PPE	94.2M
Accumulated Depreciation	-48.4M
Net PPE	45.7M
Goodwill	4.0M
Goodwill And Other Intangible Assets	4.0M
Investments And Advances	15,000
Total Non Current Assets	51.2M
Total Assets	57.7M
Current Debt	7.2M
Current Debt And Capital Lease Obligation	7.2M
Accounts Payable	4.2M
Payables	6.5M
Payables And Accrued Expenses	7.1M
Current Accrued Expenses	609,000
Current Liabilities	14.3M
Long Term Debt	15.8M
Long Term Debt And Capital Lease Obligation	15.8M
Total Non Current Liabilities Net Minority Interest	25.8M
Total Liabilities Net Minority Interest	40.0M
Common Stock	11.2M
Capital Stock	11.2M
Additional Paid In Capital	189.7M
Retained Earnings	-201.7M
Gains Losses Not Affecting Retained Earnings	19.9M
Common Stock Equity	19.1M
Stockholders Equity	19.1M
Total Equity Gross Minority Interest	17.7M
Minority Interest	-1.4M
Total Capitalization	34.9M
Net Tangible Assets	15.1M
Tangible Book Value	15.1M
Working Capital	-7.7M
Invested Capital	42.1M
Total Debt	23.0M
Net Debt	22.7M
Share Issued	466.6M
Ordinary Shares Number	466.6M
Available For Sale Securities	15,000
Buildings And Improvements	2.0M
Capital Lease Obligations	9,000
Current Capital Lease Obligation	9,000
Dueto Related Parties Current	208,000
Finished Goods	1.7M
Income Tax Payable	50,000
Investmentin Financial Assets	15,000
Line Of Credit	6.7M
Long Term Provisions	6.2M
Machinery Furniture Equipment	39.3M
Non Current Accounts Receivable	1.4M
Non Current Deferred Liabilities	3.8M
Non Current Deferred Taxes Liabilities	3.8M
Other Current Borrowings	508,000
Other Properties	2.2M
Other Receivables	551,000
Raw Materials	2.1M
Taxes Receivable	1.8M
Total Tax Payable	2.0M
Tradeand Other Payables Non Current	8,000

Line Item	FY 2021Dec 31, 2021
Operating Cash Flow	-591,000
Cash Flow From Continuing Operating Activities	-591,000
Depreciation And Amortization	3.7M
Depreciation Amortization Depletion	3.7M
Stock Based Compensation	362,000
Deferred Tax	-177,000
Deferred Income Tax	-177,000
Change In Working Capital	445,000
Change In Receivables	-671,000
Change In Inventory	-1.3M
Change In Payables And Accrued Expense	2.5M
Change In Payable	2.5M
Change In Other Working Capital	-49,000
Change In Other Current Assets	0.00
Other Non Cash Items	765,000
Capital Expenditure	-4.2M
Purchase Of PPE	-4.2M
Net PPE Purchase And Sale	-3.9M
Investing Cash Flow	-3.9M
Cash Flow From Continuing Investing Activities	-3.9M
Issuance Of Debt	0.00
Repayment Of Debt	-3.2M
Net Issuance Payments Of Debt	-3.2M
Issuance Of Capital Stock	7.4M
Repurchase Of Capital Stock	-20,000
Net Common Stock Issuance	7.4M
Common Stock Payments	-20,000
Financing Cash Flow	3.9M
Cash Flow From Continuing Financing Activities	3.9M
Effect Of Exchange Rate Changes	84,000
Changes In Cash	-612,000
Beginning Cash Position	819,000
End Cash Position	291,000
Free Cash Flow	-4.8M
Income Tax Paid Supplemental Data	47,000
Interest Paid Supplemental Data	457,000
Amortization Cash Flow	100,000
Amortization Of Intangibles	100,000
Asset Impairment Charge	4.9M
Change In Account Payable	2.5M
Change In Accrued Expense	0.00
Change In Income Tax Payable	-47,000
Change In Interest Payable	0.00
Change In Tax Payable	-47,000
Common Stock Issuance	7.4M
Depreciation	3.6M
Long Term Debt Issuance	0.00
Long Term Debt Payments	-265,000
Net Income From Continuing Operations	-11.3M
Net Long Term Debt Issuance	-265,000
Net Other Financing Charges	-326,000
Net Short Term Debt Issuance	-2.9M
Operating Gains Losses	-336,000
Provisionand Write Offof Assets	983,000
Sale Of PPE	337,000
Short Term Debt Issuance	0.00
Short Term Debt Payments	-2.9M