Alderon Iron Ore Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	Sep '19 Sep 30, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014
Cash & Equivalents	2.12	6.03	14.84	8.85	13.87	21.44
Short-Term Investments	1.01	1	0.99	1.25	0.97	-
Cash & Short-Term Investments	3.14	7.04	15.83	10.11	14.84	21.44
Cash Growth	-61.97%	-55.56%	56.62%	-31.89%	-30.79%	-77.52%
Other Receivables	0.03	0.03	0.04	0.4	0.71	1.06
Receivables	0.03	0.03	0.04	0.4	0.71	1.06
Prepaid Expenses	0.05	0.05	0.05	0.1	0.04	0.08
Other Current Assets	-	-	-	-	0.09	24.62
Total Current Assets	3.22	7.11	15.92	10.6	15.69	47.21
Property, Plant & Equipment	115.49	115.22	115	206.03	205.86	203.8
Other Intangible Assets	-	-	-	-	-	0.03
Other Long-Term Assets	-	-	-	41.47	41.47	20.47
Total Assets	118.71	122.33	130.92	258.1	263.01	271.5
Accounts Payable	0.09	0.13	0.13	0.24	0.02	0.34
Accrued Expenses	4.19	4.34	4.44	5.62	4.72	5.4
Short-Term Debt	18.15	17.59	-	-	-	0.4
Current Portion of Long-Term Debt	-	-	22.49	-	-	-
Other Current Liabilities	5.19	5.35	5.24	5.8	6.18	3.4
Total Current Liabilities	27.68	27.41	32.3	11.67	10.92	9.54
Long-Term Debt	-	-	-	21.41	20.56	18.85
Other Long-Term Liabilities	-	-	-	-	-	0.13
Total Liabilities	27.73	27.41	32.3	33.08	31.47	28.52
Common Stock	266.55	266.25	264.49	264.35	264.35	263.95
Retained Earnings	-213.76	-209.92	-204.86	-107.75	-105.14	-99.43
Comprehensive Income & Other	27.17	27.23	26.13	25.04	24.96	24.85
Total Common Equity	79.96	83.56	85.75	181.64	184.17	189.37
Minority Interest	11.02	11.36	12.86	43.38	47.36	53.61
Shareholders' Equity	90.98	94.91	98.62	225.02	231.54	242.98
Total Liabilities & Equity	118.71	122.33	130.92	258.1	263.01	271.5
Total Debt	18.25	17.59	22.49	21.41	20.56	19.25
Net Cash (Debt)	-15.11	-10.56	-6.66	-11.3	-5.71	2.19
Net Cash Growth	-	-	-	-	-	-97.70%
Net Cash Per Share	-0.11	-0.08	-0.05	-0.09	-0.04	0.02
Filing Date Shares Outstanding	139.35	138.4	132.64	132.13	132.13	132.13
Total Common Shares Outstanding	139.35	138.28	132.64	132.13	132.13	132.13
Working Capital	-24.46	-20.31	-16.38	-1.06	4.77	37.67
Book Value Per Share	0.57	0.60	0.65	1.37	1.39	1.43
Tangible Book Value	79.96	83.56	85.75	181.64	184.17	189.34
Tangible Book Value Per Share	0.57	0.60	0.65	1.37	1.39	1.43
Land	-	-	-	-	-	0.18
Machinery	0	0	-	-	-	0.45
Construction In Progress	16.16	16.16	16.12	28.91	28.91	26.76
Leasehold Improvements	-	-	-	-	-	0.26

Source: S&P Global Market Intelligence. Standard template. Financial Sources.