Annual Statements for Actcelerate International Group Limited (ACT)
| 31-Dec 2023 |
31-Dec 2022 |
31-Dec 2021 |
31-Dec 2020 |
31-Dec 2019 |
31-Dec 2018 |
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| AUD | AUD | AUD | AUD | AUD | AUD | |
| REVENUE | ||||||
| Interest Received | 799 | 488 | 35,760 | 39,562 | 31,121 | 5,301 |
| Total Revenue | 799 | 488 | 35,760 | 39,562 | 31,121 | 5,301 |
| Cost of sales | ||||||
| Gross Profit | 799 | 488 | 35,760 | 39,562 | 31,121 | 5,301 |
| EXPENSES | ||||||
| Administration Expenses | (129,398) | (118,662) | (86,947) | (123,863) | (95,382) | (145,426) |
| Amortisation and impairments | (1,029,869) | |||||
| Consultancy fees | (33,000) | (33,000) | (20,223) | (36,300) | (46,200) | (132,550) |
| Professional Expenses | (15,700) | (15,700) | ||||
| Auditor Remuneration | (46,991) | (35,726) | (30,468) | (37,974) | (31,321) | (32,580) |
| Management fees | (114,000) | (114,000) | (114,000) | (108,710) | (114,000) | (132,000) |
| Share of Net profit/loss of associates | (33,544) | (37,626) | ||||
| Other Expenses | 492,005 | 88,198 | 616,874 | (14,070) | (20,347) | |
| Total Expenses | 168,616 | (213,190) | 365,236 | (320,917) | (1,375,055) | (495,882) |
| PROFIT / (LOSS) | ||||||
| Profit/Loss before income tax | 169,415 | (212,702) | 400,996 | (281,355) | (1,343,934) | (490,581) |
| Profit/Loss after income tax | 169,415 | (212,702) | 400,996 | (281,355) | (490,581) | |
| Foreign Exchange Gain/(Loss) on Translation of Foreign Ops | (897) | 13,273 | 79,276 | |||
| Total Comprehensive Income | 168,518 | (212,702) | 400,996 | (281,355) | (1,330,661) | 79,276 |
| Total Profit/Loss | 168,415 | (212,702) | 400,996 | (281,355) | (1,330,661) | (411,305) |
| ASSETS | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | 37,875 | 225,075 | 499,927 | 21,755 | 35,350 | 865,459 |
| Trade and Other Receivables | 26,025 | 26,755 | 31,423 | 28,999 | 25,018 | 17,787 |
| Other Investments | 127,612 | 394,422 | 260,161 | |||
| Total Current Assets | 63,900 | 379,442 | 531,350 | 445,176 | 60,368 | 1,143,407 |
| Non-Current Assets | ||||||
| Other Non-Current Assets | 1,717,469 | 1,097,160 | 1,132,653 | 102,822 | 546,404 | 773,984 |
| Total Non-Current Assets | 1,717,469 | 1,476,602 | 1,132,653 | 102,822 | 546,404 | 773,984 |
| Total Assets | 1,781,369 | 1,476,602 | 1,664,003 | 547,998 | 606,772 | 1,917,391 |
| LIABILITIES | ||||||
| Current Liabilities | ||||||
| Trade and other payables | 319,153 | 253,460 | 243,159 | 230,811 | 145,600 | 125,558 |
| Borrowings | 251,077 | 180,521 | 165,521 | 77,370 | ||
| Total Current Liabilities | 570,230 | 433,981 | 408,680 | 308,181 | 145,600 | 125,558 |
| Non-Current Liabilities | ||||||
| Total Liabilities | 570,230 | 433,981 | 408,680 | 308,181 | 145,600 | 125,558 |
| NET ASSETS | 1,211,139 | 1,042,621 | 1,255,323 | 239,817 | 461,172 | 1,791,833 |
| EQUITY | ||||||
| Issued Capital | 3,028,359 | 3,028,359 | 3,028,359 | 2,413,849 | 2,353,849 | 2,353,849 |
| Reserves | 92,549 | 92,549 | 92,549 | 92,549 | 92,549 | 79,276 |
| Retained Earnings | (2,503,788) | (2,672,306) | (2,459,604) | (2,860,600) | (2,579,245) | (1,235,311) |
| Contributed Equity | 594,019 | 594,019 | 594,019 | 594,019 | 594,019 | 594,019 |
| Total Equity | 1,211,139 | 1,042,621 | 1,255,323 | 239,817 | 461,172 | 1,791,833 |
| CASH FLOW | ||||||
| Net Cash provided by (used in) operating activities | (187,476) | (273,776) | (211,416) | (148,628) | (258,283) | (476,852) |
| Net Cash provided by (used in) investing activities | (571,834) | (258,000) | ||||
| Net Cash provided by (used in) financing activities | 689,510 | 135,000 | 1,598,388 | |||
| Net Increase (decrease) in cash held | (186,677) | (273,776) | 478,094 | (13,628) | (830,117) | 863,536 |
| Foreign Exchange Gain/Loss | (523) | (1,076) | 78 | 33 | 8 | 124 |
| Cash at the beginning of the period | 225,075 | 499,927 | 21,755 | 35,350 | 865,459 | 1,799 |
| Cash at the end of the period | 37,875 | 225,075 | 499,927 | 21,755 | 35,350 | 865,459 |