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For the fiscal year ended 30 June 2018, Summit Resources Ltd (Australia) revenues decreased 52% to A$30K. Net loss increased 18% to A$346K. Revenues reflect Interest Income decrease of 74% to A$8K, Other decrease of 29% to A$22K. Higher net loss reflects Evaluation and exploration expenditure increase from A$30K to A$80K (expense), Audit fees increase of 32% to A$29K (expense), ASX fees increase of 15% to A$38K (expense).
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 0.02 | 0.01 | 0.03 | 0.03 |
Gross Profit | ||||
Operating Income | -0.22 | -0.14 | -0.19 | -0.11 |
Net Income | -0.22 | -0.13 | -0.19 | -0.11 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 47.98 | 48.04 | 48.06 | 48.32 |
Total Liabilities | 0.32 | 0.17 | 0.06 | 0.13 |
Total Equity | 47.66 | 47.88 | 48 | 48.19 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 12 Months | 6 Months | 12 Months | 6 Months |
Cash From Operating Activities | -0.25 | -0.2 | -0.2 | -0.12 |
Cash From Investing Activities | -0.41 | -0.44 | -0.39 | -0.13 |
Cash From Financing Activities | -0 | 0 | 0.71 | 0.11 |
Net Change in Cash | -0.66 | -0.64 | 0.12 | -0.14 |
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