Reconnaissance Energy Africa Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Mar 31, 2024 | FY 2021Dec 31, 2021 |
|---|---|---|
| Total Revenue | 0.00 | 10.4M |
| Operating Revenue | 0.00 | 10.4M |
| Cost Of Revenue | -- | 8.9M |
| Gross Profit | -- | 1.5M |
| Selling General And Administration | 20.8M | 32.6M |
| General And Administrative Expense | 19.6M | 30.8M |
| Research And Development | -- | 0.00 |
| Other Operating Expenses | 439,929 | 1.3M |
| Operating Expense | 21.3M | 34.0M |
| Operating Income | -21.3M | -32.5M |
| EBIT | -21.3M | -259.6M |
| Interest Expense | -- | 3.5M |
| Interest Expense Non Operating | -- | 3.5M |
| Net Interest Income | -- | -3.5M |
| Other Income Expense | 85.7M | -227.1M |
| Other Non Operating Income Expenses | 120,540 | -11.8M |
| Special Income Charges | 85.5M | -105.3M |
| Write Off | -- | 105.3M |
| Gain On Sale Of Security | 69,282 | -109.9M |
| Pretax Income | 64.4M | -263.1M |
| Tax Provision | 123,918 | 294,112 |
| Tax Effect Of Unusual Items | 164,617 | -57.0M |
| Net Income From Continuing And Discontinued Operation | 41.1M | -263.4M |
| Net Income From Continuing Operation Net Minority Interest | 64.3M | -263.4M |
| Net Income Including Noncontrolling Interests | 41.1M | -263.4M |
| Net Income Common Stockholders | 41.1M | -263.4M |
| Net Income | 41.1M | -263.4M |
| EBITDA | -21.3M | -259.5M |
| Normalized EBITDA | -106.8M | -44.3M |
| Reconciled Depreciation | -- | 34,383 |
| Basic EPS | 0.20 | -1.60 |
| Diluted EPS | 0.20 | -1.60 |
| Basic Average Shares | 208.1M | 164.6M |
| Diluted Average Shares | 208.1M | 164.6M |
| Total Unusual Items | 85.6M | -215.2M |
| Total Unusual Items Excluding Goodwill | 85.6M | -215.2M |
| Tax Rate For Calcs | 0.00 | 0.27 |
| Normalized Income | -21.1M | -105.2M |
| Diluted NI Availto Com Stockholders | 41.1M | -263.4M |
| Gain On Sale Of Business | 85.5M | -- |
| Insurance And Claims | 1.6M | 250,658 |
| Net Income Continuous Operations | 64.3M | -263.4M |
| Net Income Discontinuous Operations | -23.2M | -- |
| Net Non Operating Interest Income Expense | -- | -3.5M |
| Other Gand A | 4.5M | 5.9M |
| Reconciled Cost Of Revenue | -- | 8.9M |
| Salaries And Wages | 13.5M | 24.6M |
| Selling And Marketing Expense | 1.2M | 1.8M |
| Total Expenses | 21.3M | 42.9M |
| Line Item | FY 2024Mar 31, 2024 | FY 2021Dec 31, 2021 |
|---|---|---|
| Cash And Cash Equivalents | 2.1M | 61.2M |
| Cash Cash Equivalents And Short Term Investments | 2.1M | 61.2M |
| Cash Financial | 2.1M | 61.2M |
| Accounts Receivable | 0.00 | 9.8M |
| Receivables | 420,869 | 11.6M |
| Prepaid Assets | 551,059 | 867,482 |
| Current Assets | 3.0M | 73.6M |
| Gross PPE | 136.5M | 61.5M |
| Accumulated Depreciation | -2.3M | -1.1M |
| Net PPE | 134.2M | 60.3M |
| Total Non Current Assets | 139.3M | 60.3M |
| Total Assets | 142.3M | 133.9M |
| Accounts Payable | 3.4M | 6.6M |
| Payables | 3.4M | 47.7M |
| Payables And Accrued Expenses | 3.4M | 47.7M |
| Current Liabilities | 4.4M | 47.7M |
| Total Non Current Liabilities Net Minority Interest | 1.0M | 1.1M |
| Total Liabilities Net Minority Interest | 5.4M | 48.7M |
| Common Stock | 360.5M | 311.0M |
| Capital Stock | 360.5M | 311.0M |
| Retained Earnings | -306.0M | -274.2M |
| Gains Losses Not Affecting Retained Earnings | 82.3M | 48.4M |
| Other Equity Adjustments | 82.3M | 48.4M |
| Common Stock Equity | 136.9M | 85.2M |
| Stockholders Equity | 136.9M | 85.2M |
| Total Equity Gross Minority Interest | 136.9M | 85.2M |
| Total Capitalization | 136.9M | 85.2M |
| Net Tangible Assets | 136.9M | 85.2M |
| Tangible Book Value | 136.9M | 85.2M |
| Working Capital | -1.4M | 25.9M |
| Invested Capital | 136.9M | 85.2M |
| Share Issued | 210.9M | 189.2M |
| Ordinary Shares Number | 210.9M | 189.2M |
| Current Deferred Liabilities | 472,190 | -- |
| Current Provisions | 586,397 | -- |
| Long Term Provisions | 596,378 | 758,184 |
| Machinery Furniture Equipment | 409,615 | 361,693 |
| Non Current Accounts Receivable | 5.1M | -- |
| Non Current Deferred Liabilities | 441,061 | 294,112 |
| Non Current Deferred Taxes Liabilities | 441,061 | 294,112 |
| Other Payable | -- | 41.0M |
| Other Properties | 136.1M | 61.1M |
| Other Receivables | 420,869 | 1.7M |
| Restricted Cash | 0.00 | 0.00 |
| Line Item | FY 2024Mar 31, 2024 | FY 2021Dec 31, 2021 |
|---|---|---|
| Operating Cash Flow | -14.5M | -11.7M |
| Cash Flow From Continuing Operating Activities | -14.5M | -11.7M |
| Depreciation And Amortization | -- | 34,383 |
| Depreciation Amortization Depletion | -- | 34,383 |
| Stock Based Compensation | 5.9M | 17.9M |
| Deferred Tax | 123,918 | 294,112 |
| Deferred Income Tax | 123,918 | 294,112 |
| Change In Working Capital | 478,424 | 2.7M |
| Change In Receivables | -849,397 | -5.8M |
| Change In Payables And Accrued Expense | 1.5M | 9.1M |
| Change In Payable | -- | 9.1M |
| Other Non Cash Items | 67,394 | 125.7M |
| Capital Expenditure | -17.1M | -35.6M |
| Purchase Of PPE | -17.1M | -35.6M |
| Net PPE Purchase And Sale | -17.1M | -35.6M |
| Sale Of Business | -- | 14.2M |
| Investing Cash Flow | -17.4M | -21.3M |
| Cash Flow From Continuing Investing Activities | -17.4M | -21.3M |
| Repayment Of Debt | -- | 0.00 |
| Net Issuance Payments Of Debt | -- | 0.00 |
| Issuance Of Capital Stock | 9.5M | 90.3M |
| Net Common Stock Issuance | 9.5M | 90.3M |
| Financing Cash Flow | 8.6M | 87.4M |
| Cash Flow From Continuing Financing Activities | 8.6M | 87.4M |
| Effect Of Exchange Rate Changes | -17,120 | -5,281 |
| Changes In Cash | -36.7M | 54.4M |
| Beginning Cash Position | 38.8M | 6.8M |
| End Cash Position | 2.1M | 61.2M |
| Free Cash Flow | -31.6M | -47.3M |
| Asset Impairment Charge | -- | 105.3M |
| Cash Flow From Discontinued Operation | -13.4M | -- |
| Change In Account Payable | -- | 875,711 |
| Change In Prepaid Assets | -170,600 | -649,406 |
| Common Stock Issuance | 9.5M | 90.3M |
| Depreciation | -- | 34,383 |
| Gain Loss On Sale Of PPE | -85.5M | -41,910 |
| Long Term Debt Payments | -- | 0.00 |
| Net Business Purchase And Sale | -- | 14.2M |
| Net Foreign Currency Exchange Gain Loss | 132,670 | -168,426 |
| Net Income From Continuing Operations | 64.3M | -263.4M |
| Net Long Term Debt Issuance | -- | 0.00 |
| Net Other Financing Charges | -897,611 | -2.9M |
| Net Other Investing Changes | -276,400 | -- |
| Operating Gains Losses | -85.4M | -210,336 |
| Sale Of PPE | -- | 70,412 |