Daily price prediction thread, page-8741

Ok, here is Accounting lesson.

Capex includes all non current assets. So that includes (although irrelevant here, desks, chairs etc).shares in other companies, land and building etc
If you look at the Balance Sheet on page 56 of the 2022 annual report. The net Non Current Assets (otherwise relating to capex) is $22.9m. This includes deferred exploration expenditure. Plant and Equipment is $431,969. Previous year was $10,802.
Now, to find out a little more detail, you go to the notes. Notes 9 & 11 are the key ones in this discussion. Go to page 76. P&E gross spend of $675k. Oh, and while you are there, note 10 - the capex figure you quote includes Land and Buildings rights of use (lease). Then move onto note 11. net is $12m - The expenditure above relates principally to the exploration and evaluation phase - nothing to do with equipment which would be shown under P&E.
To find out what's behind all the numbers, you MUST look at the Balance Sheet first and then the notes to those respective numbers. Oh and Note 1 (very detailed) is probably the most important because that always identifies the accounting policies adopted. These can be very different in each company. yes, there are rules around the treatment of everything but you can drive a large truck through a number of them.For example, assets are usually listed at historical cost less accumulated depreciation. That is not always the case either - They can be revalued and a revised carrying cost listed. Gotto look at the Notes.