Altyngold Regulatory News (ALTN)

Unaudited

2022

Audited

2021

$000

$000

Revenue

62,037

50,290

Cost of sales

(32,697)

(22,496)

Gross profit

29,340

27,794

Administrative expenses

(8,590)

(5,138)

Administrative expenses – sponsorship programmes

(3,654)

-

Impairments

(82)

(734)

Operating profit

17,014

21,922

Foreign exchange

(504)

(366)

Finance expense

(3,096)

(3,289)

Total finance cost

(3,600)

(3,655)

Profit before tax

13,414

18,267

Taxation receipt/(expense)

(181)

56

Profit for the year attributable to the equity holders of the parent

13,233

18,323

Profit per ordinary share

Basic

48.42c

67.04c

Diluted

48.42c

67.04c

Unaudited 2022

Audited

2021

$000

$000

Profit for the year

13,233

18,323

Items that may be reclassified subsequently to the income statement

Currency translation differences arising on translations of foreign operations

(4,822)

(1,491)

Currency translation differences on translation of foreign operations relating to tax

(1,408)

3,038

(6,230)

1,547

Total comprehensive profit for the year

7,003

19,870

Total comprehensive profit attributable to:

Equity holders of the parent

7,003

19,870

Unaudited

2022

Audited

2021

(Registration number: 05048549)

$000

$000

Assets

Non-current assets

Intangible assets

12,698

13,346

Property, plant and equipment

36,975

35,350

Deferred tax assets

6,052

8,189

Trade and other receivables

14,600

3,925

Restricted cash

50

70

70,375

60,880

Current assets

Inventories

11,260

9,121

Trade and other receivables

16,622

21,530

Cash and cash equivalents

116

3,593

27,998

34,244

Total assets

98,373

95,124

Equity and liabilities

Current liabilities

Trade and other payables

(6,253)

(5,684)

Provisions

(263)

(232)

Loans and borrowings

(13,611)

(15,087)

(20,127)

(21,003)

Non-current liabilities

Vat payable

(332)

(242)

Other payables

(688)

(1000)

Provisions

(5,517)

(5,453)

Loans and borrowings

(9,501)

(12,221)

(16,038)

(18,916)

Total liabilities

(36,165)

(39,919)

Equity

Share capital

(4,267)

(4,267)

Share premium

(152,839)

(152,839)

Merger reserve

282

282

Foreign currency translation reserve

57,642

51,412

Accumulated losses

36,974

50,207

Equity attributable to owners of the company

(62,208)

(55,205)

Total equity and liabilities

(98,373)

(95,124)

Currency

Share

Share

Merger

translation

Other

Accumulated

Total

capital

premium

reserve

reserve

reserves

losses

equity

$000

$000

$000

$000

$000

$000

$000

At 1 January 2021

4,267

152,839

(282)

(52,959)

333

(68,863)

35,335

Profit for the year

–

–

–

–

–

18,323

18,323

Other comprehensive income

–

–

–

1,547

–

–

1,547

Total comprehensive income

–

–

–

1,547

–

18,323

19,870

New share capital subscribed

–

–

–

–

–

–

–

Share based payment charge

–

–

–

–

–

–

–

Share options exercised

–

–

–

–

(333)

333

–

At 31 December 2021 Audited

4,267

152,839

(282)

(51,412)

–

(50,207)

55,205

At 1 January 2022

4,267

152,839

(282)

(51,412)

–

(50,207)

55,205

Profit for the year

–

–

–

–

–

13,233

13,233

Other comprehensive loss

–

–

–

(6,230)

–

–

(6,230)

Total comprehensive income

–

–

–

(6,230)

–

13,233

7,003

Transfer to reserves

–

–

–

–

–

–

–

At 31 December 2022 unaudited

4,267

152,839

(282)

(57,642)

–

(36,974)

62,208

Unaudited

2022

Audited

2021

$000

$000

Cash flows from operating activities

Net cash flow from operating activities

12,234

6,797

Cash flows from investing activities

Acquisitions of property plant and equipment

(8,948)

(5,502)

Acquisition of intangible assets

(240)

(830)

Net cash flows from investing activities

(9,188)

(6,332)

Cash flows from financing activities

Interest paid

(2,388)

(2,411)

Loans received

11,025

6,356

Loans repaid

(15,028)

(7,985)

Net cash flows from financing activities

(6,391)

(4,040)

Net (decrease)/increase in cash and cash equivalents

(3,345)

(3,575)

Cash and cash equivalents at 1 January

3,593

7,154

Effect of exchange rate fluctuations on cash held

(132)

14

Cash and cash equivalents at 31 December

116

3,593