Financial Analysis

[Name of the Student]

[Name of the Institute]

[Date]

Financial Analysis

Introduction

The purpose of the paper is to discuss the financial position of Aquarius platinum ltd. The paper attempts to extricate complete analysis of the company's financial statements. First the paper discuses what the company owns and what the company owes. Then the paper elaborates the revenues and the expenses of the company. The paper discusses the current position of the company's closing balance and how the company manages its operating, financing and investing operations. In addition to it, the paper interprets the financial ration of the company and compares these ratios with the industry trend. In a nut shell, the paper in aimed to interpret the last five fiscal years financial statements of Aquarius platinum ltd in order to determine the actual financial health of the company. On the basis of these information, the paper attempts to recommend the investing ideas pertaining to the forecasted future of the financial position of Aquarius platinum ltd

Company overview

Aquarius platinum ltd is a platinum group mine production that is quoted on the Landon Stock Exchange, the Australian Stock Exchange as well as the Johannesburg Stock Exchange. The company was established n 1820 and was first listed in the Australian Stock Exchange in 1984 (Glaister, B. J., & Mudd, G. M. 2010). The aim of the company was to exploit the Kalgoorlie Goldfield. In the year 1995, the company acquired Randex Platinum Holdings as well as Gemex Exploration & Mining Company.

In the year 1998, the Aquarius Platinum Ltd got the control of the Kroondal Mine by acquiring Pacific Platinum. Moreover, in 2003, company enhanced its operation by stimulating the mining interest through the agreement with Anglo Platinum. This agreement provided the company a pool to share the mining interest with the Anglo Platinum. However, during the year 2012 the Aquarius platinum ltd is facing some issues pertaining to the violence of the unrest labour. The reason behind this violence is the prevailing large scale mining protest (Kirkos, E., Spathis, C., & Manolopoulos, Y. 2007).

During the end of the fiscal year 2011 (June 30 2011), the Aquarius platinum ltd encompassed its operations in the following mine

Kroondal Platinum Mine

Marikana Platinum Mine The Mimosa Platinum Mine

The Everest Platinum Mine The Platinum Mile Joint Venture The Chrome Tailings Retreatment Plant The Blue Ridge Mine

Sheba's Ridge Project

Currently the company has the aim to focus on the exploration, acquisition and development of the platinum group metals (PGM) projects as well as the mining operation of the projects related to the platinum group metals (Hilliard, H. E. 1998). Balance sheet

The balance sheet provides the clear picture of the firm's financial condition (Penman, S. H. 2007). It extricates the layout of the fundamental of the company's financials for instance the debt outlay of the company as well as the position of its cash and equivalents. It is basically used to determine the actual picture of what company owns in actual (assets) and what it actually owes (liabilities of the firm) as well ...