Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. Global Battery Metals Ltd.
  6. News
  7. Summary
    GBML   CA37958K1093

GLOBAL BATTERY METALS LTD.

(GBML)
Delayed Bourse de Toronto  -  03:42 2022-09-30 pm EDT
0.1000 CAD   -.--%
09/29Global Battery Metals Ltd. Reports Earnings Results for the First Quarter Ended July 31, 2022
CI
09/20Global Battery Metals Strengthens Lithium Project Interests with North-West Leinster Property Option Exercise
MT
09/07Global Battery Announces Closing of Oversubscribed $1.16 Million Non-Brokered Private Placement
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancialsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Global Battery Metals : FY2022 Audited Annual Financial Statements

07/28/2022 | 04:09pm EDT

GLOBAL BATTERY METALS LTD.

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED APRIL 30, 2022 AND 2021

(Expressed in Canadian Dollars, unless otherwise noted)

Independent auditor's report

To the Shareholders of Global Battery Metals Ltd.

Our opinion

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Global Battery Metals Ltd. and its subsidiaries (together, the Company) as at April 30, 2022 and 2021, and its financial performance and its cash flows for the years then ended in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS).

What we have audited

The Company's consolidated financial statements comprise:

  • the consolidated statements of financial position as at April 30, 2022 and 2021;
  • the consolidated statements of loss and comprehensive loss for the years then ended;
  • the consolidated statements of equity for the years then ended;
  • the consolidated statements of cash flows for the years then ended; and
  • the notes to the consolidated financial statements, which include significant accounting policies and other explanatory information.

Basis for opinion

We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the consolidated financial statements section of our report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in Canada. We have fulfilled our other ethical responsibilities in accordance with these requirements.

Other information

Management is responsible for the other information. The other information comprises the Management's Discussion and Analysis.

PricewaterhouseCoopers LLP

PricewaterhouseCoopers Place, 250 Howe Street, Suite 1400, Vancouver, British Columbia, Canada V6C 3S7 T: +1 604 806 7000, F: +1 604 806 7806

"PwC" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.

Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the consolidated financial statements, our responsibility is to read the other information identified above and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of management and those charged with governance for the consolidated financial statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with IFRS, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Company's financial reporting process.

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with Canadian generally accepted auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

  • Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
  • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.
  • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
  • Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
  • Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
  • Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

The engagement partner on the audit resulting in this independent auditor's report is Leonard Wadsworth.

Chartered Professional Accountants

Vancouver, British Columbia

July 28, 2022

GLOBAL BATTERY METALS LTD.

Consolidated Statements of Financial Position

As at

(Expressed in Canadian dollars)

April 30,

April 30,

Note

2022

2021

Assets

$

$

Current

Cash

1,418,253

2,674,570

Receivables

5,010

13,834

Prepaid expenses and deposits

59,909

62,421

1,483,172

2,750,825

Deposits

5

46,770

-

Mineral property interests

4,907,532

4,765,888

6,437,474

7,516,713

Liabilities

Current

9

Accounts payable and accrued liabilities

114,445

109,451

Equity

7

Share capital

15,019,263

14,738,489

Contributed surplus

7

2,849,426

2,907,789

Accumulated other comprehensive income

(400,649)

(463,092)

Deficit

(13,144,562)

(11,750,128)

Equity attributable to shareholders

4,323,478

5,433,058

Non-controlling interest

1,999,551

1,974,204

6,323,029

7,407,262

6,437,474

7,516,713

Contingencies (Note 14)

On behalf of the Board:

"Alan Matthews"

Director

"Michael Murphy"

Director

The accompanying notes are an integral part of these consolidated financial statements

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Global Battery Metals Ltd. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 20:07:55 UTC.


© Publicnow 2022
All news about GLOBAL BATTERY METALS LTD.
09/29Global Battery Metals Ltd. Reports Earnings Results for the First Quarter Ended July 31..
CI
09/20Global Battery Metals Strengthens Lithium Project Interests with North-West Leinster Pr..
MT
09/07Global Battery Announces Closing of Oversubscribed $1.16 Million Non-Brokered Private P..
AQ
09/06Global Battery Metals Ltd. announced that it has received CAD 1.16 million in funding
CI
09/01Global Battery Metals : OTCQB Certification
PU
08/22Global Battery Amends and Restates Letter of Intent for North-West Leinster Lithium Pro..
AQ
08/16Global Battery Upsizes Non-Brokered Financing to $1,000,000
AQ
07/28Global Battery Metals : FY2022 CFO Certification of Annual Filings
PU
07/28Global Battery Metals : FY2022 CEO Certification of Annual Filings
PU
07/28Global Battery Metals : FY2022 Management's Discussion and Analysis
PU
More news
Financials
Sales 2022 - - -
Net income 2022 -1,39 M -1,02 M -1,02 M
Net cash 2022 1,42 M 1,03 M 1,03 M
P/E ratio 2022 -7,58x
Yield 2022 -
Capitalization 6,77 M 4,93 M 4,93 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees -
Free-Float 93,5%
Chart GLOBAL BATTERY METALS LTD.
Duration : Period :
Global Battery Metals Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Michael Darren Murphy President, Chief Executive Officer & Director
Rebecca Moriarty Chief Financial Officer
Alan Forester Matthews Independent Director
Craig P. Roberts Independent Director
Cameron Bell Independent Director
Sector and Competitors
1st jan.Capi. (M$)
GLOBAL BATTERY METALS LTD.-48.72%5
BHP GROUP LIMITED17.38%125 682
RIO TINTO PLC0.08%90 431
GLENCORE PLC27.52%68 600
SAUDI ARABIAN MINING COMPANY (MA'ADEN)77.32%45 597
ANGLO AMERICAN PLC-9.30%37 009