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For the six months ended 31 December 2019, Global Oil & Gas Ltd revenues decreased 99% to A$2K. Net loss decreased 84% to A$196K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects CVS loan write-down decrease from A$645K (expense) to A$0K, Provision non recovery CIS Loan decrease from A$355K (expense) to A$0K.
Period Ending: | Dec 31, 2019 | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Revenue | 0 | 0.44 | 0.24 | 0.51 |
Gross Profit | -0.09 | 0.26 | 0.16 | 0.45 |
Operating Income | -0.27 | -0.85 | -1.23 | -3.73 |
Net Income | -0.2 | -4.02 | -1.23 | -8.15 |
Period Ending: | Dec 31, 2019 | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Assets | 2.24 | 1.87 | 4.64 | 5.41 |
Total Liabilities | 0.04 | 0.04 | 0.03 | 0.36 |
Total Equity | 2.2 | 1.83 | 4.6 | 5.06 |
Period Ending: | Dec 31, 2019 | Jun 30, 2019 | Dec 31, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Period Length: | 6 Months | 12 Months | 6 Months | 12 Months |
Cash From Operating Activities | -0.2 | -0.96 | -0.78 | -0.34 |
Cash From Investing Activities | -0 | -0.11 | -0.1 | 0.02 |
Cash From Financing Activities | 0.56 | 0.78 | 0.78 | 0.73 |
Net Change in Cash | 0.36 | -0.3 | -0.11 | 0.41 |
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