| Address:
|
15TH FLOOR
1040 WEST GEORGIA STREET |
| City: |
VANCOUVER |
|
State: |
|
|
Zip Code: |
V6E 4H8 |
| Telephone: |
604-684-6365 |
|
Description of Business
|
Primary SIC Code:
1000 |
| (As filed with the SEC)
|
|
|
For the period 1983 to June 30, 2009, the Company was primarily an exploration
company and, therefore, did not have any significant operating assets.
On July 1, 2009, the Company acquired 51% of the Bokoni Mine and also took
management control. This was the first operating asset acquired by the Company
that generated revenue. There was therefore a significant increase in the asset
base of the Company as revenue generating assets were effectively acquired.
In 2010, Anooraq focused on implementing the foundation for its turnaround
strategy from losses to profits at the Bokoni Mine operations. From an
operational perspective, 2010 was a challenge with many of the foundational
initiatives associated with the turnaround having to be implemented. The key
areas of focus within the operations were:
. improving safety performance;
. cash cost cutting initiatives;
. improving productivity levels and efficiencies;
. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2011 | -0.14 | NA | N/E | | 12/2010 | -0.12 | NA | N/E | | 09/2010 | 0.14 | NA | 6.37 | | 06/2010 | 0.15 | NA | 6.93 | | 03/2010 | 0.12 | NA | 12.42 | | 12/2009 | 0.11 | NA | 7.91 | | 09/2009 | -0.16 | NA | N/E | | 06/2009 | -0.06 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -1.40 | Total Liab/Total Assets | 0.93 | | Net Inc/Total Assets | -0.09 | Total Liab/Inv Cap | 1.16 | | Net Inc/Inv Cap | -0.11 | Total Liab/Comm Equity | 15.15 | | Pretax Inc/Net Sales | -0.75 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -0.63 | Curr Debt/Equity | 1.20 | | Cash Flow/Net Sales | -0.10 | LTD/Equity | 7.88 | | SG&A/NetSales | 0.13 | Total Debt/Equity | 9.08 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.06 | Quick Ratio | 0.50 | | Inventory Turnover | 334.63 | Current Ratio | 0.50 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.57 | | Net Sales/Work Cap | -2.36 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.15 | | |
Income Statement (Millions) |
| |
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Total Revenues(Net Sales)
|
149.23
|
59.74
|
NA
|
NA
|
|
Cost of Goods Sold
|
174.26
|
77.23
|
3.25
|
2.95
|
|
Selling & Admin Exps
|
19.80
|
20.07
|
6.54
|
10.98
|
|
Operating Income
|
-44.83
|
-37.57
|
-9.91
|
-14.05
|
|
Interest Exp
|
NA
|
NA
|
1.62
|
2.08
|
|
Pretax Income
|
-111.66
|
-56.67
|
-11.04
|
-14.72
|
|
Other Income
|
-66.83
|
-18.90
|
0.50
|
1.42
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-94.26
|
-49.39
|
-11.04
|
-14.57
|
|
Assets
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Cash & Short Term Investments
|
27.32
|
30.75
|
3.15
|
7.27
|
|
Receivables - Total
|
36.59
|
22.38
|
0.13
|
0.17
|
|
Inventories - Total
|
0.00
|
1.04
|
NA
|
NA
|
|
Total Current Assets
|
63.90
|
54.18
|
3.37
|
7.92
|
|
Net Property, Plant & Equipment
|
1,015.38
|
898.99
|
0.38
|
0.11
|
|
Total Assets
|
1,099.09
|
967.44
|
12.55
|
17.56
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
32.05
|
25.85
|
2.89
|
0.53
|
|
Debt in Current Liabilities
|
95.00
|
0.00
|
NA
|
1.93
|
|
Total Current Liabilities
|
127.05
|
25.85
|
2.89
|
2.46
|
|
Long-Term Debt
|
626.51
|
529.89
|
10.74
|
10.28
|
|
Total Liabilities
|
1,019.62
|
845.84
|
13.64
|
12.74
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
42.68
|
78.24
|
NA
|
NA
|
|
Preferred Stock
|
163.95
|
155.40
|
NA
|
NA
|
|
Common Stock
|
72.31
|
68.41
|
44.96
|
52.86
|
|
Retained Earnings
|
NA
|
NA
|
-60.44
|
-61.55
|
|
Treasury Stock
|
-5.02
|
-4.76
|
NA
|
NA
|
|
Total Stockholders' Equity
|
79.47
|
121.60
|
-1.09
|
4.83
|
|
Total Liabilities and Stockholders' Equity
|
1,099.09
|
967.44
|
12.55
|
17.56
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Net Cash Provided by Operating Activities
|
-15.21
|
-27.31
|
-5.71
|
-3.77
|
|
Net Cash Provided by Investing Activities
|
-32.56
|
-147.15
|
-1.34
|
-1.57
|
|
Net Cash Provided by Financing Activities
|
41.72
|
201.90
|
4.64
|
0.92
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 0.00 | -3.87 | -0.03 | | 12/2007 | 0.00 | -14.57 | -0.08 | | 12/2008 | 0.00 | -11.04 | -0.06 | | 12/2009 | 59.74 | -49.39 | 0.11 | | 12/2010 | 149.23 | -94.26 | -0.12 | | Growth Rates | Infinity | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 8 | 7,669 | 3.80 |
|
Report Date :
2/6/2012
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