Avanceon Limited (PSX: AVN)

Avanceon Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	60.68	1,131	1,347	1,312	527.33	105.23
Short-Term Investments	-	10.12	-	300	64.33	188.25
Trading Asset Securities	-	-	0.17	0.19	2.96	1.44
Cash & Short-Term Investments	60.68	1,141	1,347	1,613	594.61	294.92
Cash Growth	-96.21%	-15.29%	-16.44%	171.19%	101.62%	22.78%
Accounts Receivable	2,869	14,889	12,768	9,672	7,347	6,034
Other Receivables	649.84	105.16	121.68	163.56	82.68	47.86
Receivables	3,519	14,995	12,890	9,835	7,430	6,081
Inventory	123.04	130.27	67.11	72.81	123.78	160.93
Prepaid Expenses	17.12	59.58	40.86	58.2	12.35	6.53
Other Current Assets	143.43	2,943	2,302	574.92	416.66	435.08
Total Current Assets	3,863	19,269	16,647	12,154	8,577	6,979
Property, Plant & Equipment	688.91	1,199	953.43	467.76	431.33	433.83
Long-Term Investments	5,529	113.08	-	967.66	874.02	843.13
Goodwill	-	221.81	221.81	-	-	-
Other Intangible Assets	-	5,044	463.99	51.72	20.03	-
Long-Term Deferred Tax Assets	-	33.93	15.4	-	58.85	73.82
Other Long-Term Assets	-	76.68	54.17	35.78	32.43	-
Total Assets	10,088	25,958	18,359	13,679	9,994	8,357
Accounts Payable	414.99	5,555	4,598	2,363	2,202	1,322
Accrued Expenses	992.94	996.82	533.62	384.62	216.36	187.78
Short-Term Debt	329.83	1,220	616.41	713.75	487.39	599.34
Current Portion of Long-Term Debt	68.1	103.58	69.83	23.55	25.91	1.52
Current Portion of Leases	-	22.02	21.3	46.76	38.16	45.55
Current Income Taxes Payable	129.98	1,051	76.2	237.77	231.16	74.96
Current Unearned Revenue	259.86	2,257	1,739	883.34	903.31	1,127
Other Current Liabilities	589.05	975.81	1,151	500.94	100.79	342.5
Total Current Liabilities	2,785	12,181	8,806	5,153	4,205	3,701
Long-Term Debt	115.06	243.59	177.18	-	23.55	-
Long-Term Leases	-	148.6	101.38	69.63	42.3	67.64
Long-Term Unearned Revenue	-	-	-	-	0.52	-
Long-Term Deferred Tax Liabilities	-	-	-	3.67	-	-
Other Long-Term Liabilities	-	-	-	-	0	-
Total Liabilities	2,900	12,868	9,271	5,346	4,372	3,850
Common Stock	4,150	3,763	3,247	2,566	2,118	1,925
Additional Paid-In Capital	508.91	450.92	314.01	144.19	138.38	138.38
Retained Earnings	2,033	4,443	2,417	3,480	2,413	1,566
Comprensive Income & Other	495.77	3,812	2,584	1,815	948.51	873.68
Total Common Equity	7,188	12,469	8,562	8,005	5,617	4,503
Minority Interest	-	620.61	525.26	328.07	4.51	4.35
Shareholders' Equity	7,188	13,090	9,088	8,333	5,622	4,507
Total Liabilities & Equity	10,088	25,958	18,359	13,679	9,994	8,357
Total Debt	513	1,737	986.09	853.68	617.31	714.05
Net Cash (Debt)	-452.32	-596.03	361.37	758.84	-22.7	-419.13
Net Cash Growth	-	-	-52.38%	-	-	-
Net Cash Per Share	-1.00	-1.42	0.86	1.81	-0.06	-1.02
Filing Date Shares Outstanding	415.02	413.93	410.75	405.74	401.87	401.87
Total Common Shares Outstanding	415.02	413.93	410.75	405.74	401.87	401.87
Working Capital	1,078	7,087	7,841	7,000	4,372	3,278
Book Value Per Share	17.32	30.12	20.85	19.73	13.98	11.20
Tangible Book Value	7,188	7,203	7,877	7,954	5,597	4,503
Tangible Book Value Per Share	17.32	17.40	19.18	19.60	13.93	11.20
Land	-	290.55	290.55	223.5	208.6	186.25
Buildings	-	116.3	110.24	90.42	91.76	78.91
Machinery	-	765.46	298.91	193.16	178.18	128.87
Order Backlog	-	17,761	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.