Statement of Financial Position
Statement of Financial Position published as at 28 February 2025 for prospectus requirements.
- Total equity £17,210,227 (prior £16,671,422)
- Cash and cash equivalents £293,421 (prior £881,349)
- Total assets £17,796,436 (prior £17,210,289)
- Current liabilities £575,509 (prior £528,851)
- Intangible assets £17,157,603 (prior £16,023,022)
- Net debt £(260,580)
Select text to share a quote on X · sign in to keep highlights & notes in your BEM notes
Beowulf Mining (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, provides a statement of its financial position as at the end of February 2025.
In relation to the ongoing Capital Raise and specifically the Rights Issue as announced on 4 April 2025, the Company intends to publish a prospectus shortly. The prospectus contains certain financial information that must be less than 90 days old, as set out below. For ease of reference, the unaudited Condensed Consolidated Statement of Financial Position as at 28 February 2025 and 31 December 2024 (previously released) in the Company's normal format are also presented below.
Unaudited Statement of financial position
| Amount in GBP | As of 28 February 2025 |
|---|---|
| Total current liabilities | 22,141 |
| Against guarantee or guarantee | - |
| Towards security | - |
| Without warranty/guarantee or security (a) | 22,141 |
| Total long-term liabilities | 10,700 |
| Against guarantee or guarantee | - |
| Towards security | - |
| Without warranty/guarantee or security (b) | 10,700 |
| Total equity | 17,210,227 |
| Share capital (c) | 12,356,927 |
| Reserve Fund (d+g) | 30,303,901 |
| Other reserves (e+f+h+i) | (25,450,601) |
| Total | 17,243,068 |
Note: (a) to (i) refer to Consolidated Statement of Financial Position below
Net debt (unaudited)
| Amount in GBP | As of 28 February 2025 |
|---|---|
| (A) Cash and bank | 293,421 |
| (B) Other cash and cash equivalents | - |
| (C) Other financial assets | - |
| (d) Liquidity (A+B+C) | 293,421 |
| (E) Current financial liabilities 1 | 22,141 |
| (F) Short-term share of long-term financial liabilities | - |
| (G) Current financial debt (E+F) 575,509 | 22,141 |
| (H) Net current financial liabilities (G-D) 282.088 | -271,280 |
| (I) Long-term financial liabilities 2 | 10,700 |
| (J) Debt instruments | - |
| (K) Current accounts payable and other liabilities - | - |
| (L) Net long-term financial debt (I+J+K) 10,700 | 10,700 |
| (M) Total financial debt (H+L) | -260,580 |
Notes
- Includes short-term lease liabilities of £22,141
- Includes long-term lease liabilities of £10,700
BEOWULF MINING PLC
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025
| (Unaudited) As at 28 February 2025 | (Unaudited) As at 31 December 2024 | |
|---|---|---|
| £ | £ | |
| ASSETS | ||
| NON-CURRENT ASSETS | ||
| Intangible assets | 17,157,603 | 16,023,022 |
| Property, plant and equipment | 52,393 | 56,685 |
| Investments | 3,250 | 3,250 |
| Loans and other financial assets | 2,784 | 5,138 |
| Right of use asset | 51,631 | 48,333 |
| 17,267,661 | 16,136,428 | |
| CURRENT ASSETS | ||
| Trade and other receivables | 235,354 | 192,512 |
| Cash and cash equivalents | 293,421 | 881,349 |
| 528,775 | 1,073,861 | |
| TOTAL ASSETS | 17,796,436 | 17,210,289 |
| EQUITY | ||
| SHAREHOLDERS' EQUITY | ||
| Share capital (c) | 12,356,927 | 12,356,927 |
| Share premium (d) | 29,878,404 | 29,878,404 |
| Capital contribution reserve (e) | 46,451 | 46,451 |
| Share Based Payment reserve (f) | 1,186,003 | 1,124,131 |
| Merger Reserve (g) | 425,497 | 425,497 |
| Translation reserve (h) | (1,653,140) | (2,395,934) |
| Accumulated losses (i) | (25,029,915) | (24,764,054) |
| 17,210,227 | 16,671,422 | |
| Non-controlling interests | - | - |
| TOTAL EQUITY | 17,210,227 | 16,671,422 |
| LIABILITIES | ||
| CURRENT LIABILITIES | ||
| Trade and other payables | 553,368 | 508,124 |
| Lease liability (a) | 22,141 | 20,727 |
| Borrowings | 0 | - |
| 575,509 | 528,851 | |
| NON - CURRENT LIABILITIES | ||
| Lease liability (b) | 10,700 | 10,016 |
| TOTAL LIABILITIES | 586,209 | 538,867 |
| TOTAL EQUITY AND LIABILITIES | 17,796,436 | 17,210,289 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.