Lithium Australia Financial Analysis

This assignment requires a financial analysis of Lithium Australia NL (LIT) based on their provided income statement for fiscal years 2013-2017. Students must examine the data to identify trends in revenue, expenses, and net income. The analysis should aim to provide insights into the company's profitability and financial health over the specified period.

Running Head: Finance For Business
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Project Report: Finance for business

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Contents
Introduction.......................................................................................................................3
1. Company description...............................................................................................3
2. Ownership governance structure.............................................................................3
3. Performance ratios...................................................................................................4
4. Changes in stock price.............................................................................................7
5. Significant factors....................................................................................................8
6. Calculation of CAPM and beta values.....................................................................8
7. WACC calculations.................................................................................................9
8. Debt ratios..............................................................................................................10
9. Dividend policy......................................................................................................11
10. Recommendation and Conclusion.........................................................................11
References.......................................................................................................................12
Appendix.........................................................................................................................13

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Introduction:
Financial evaluation brief the management, investor and financial analyst that how
the company is managing its operations and the functions. An investor is always suggested by
the market analyst and financial analyst to identify and evaluate the financial position and
performance of the company first and then make a decision about the investment in the
company. Financial evaluation includes the process of evaluating the financial statements
through conducting the study of ratio analysis, capital asset pricing method, vertical analysis
method, horizontal analysis method, weighted average cost of capital etc. These methods
assist the investors to evaluate the actual worth of the company so that a good decision could
be made.
1. Company description:
LITHIUM AUSTRALIA NL is an Australian company which is operating its
business under Metals and Mining industry. The main function and operations of the
company is acquiring, exploring, and developing the mineral properties. The company
manufactures lithium carbonate for battery grade from lithium micas. The company is
operating its business in international market. It supplies it product and services to
worldwide. The main vision of the company is to cover the international market and serve its
services and the products to overseas (Bloomberg, 2018). This company has put the energy
storage, lithium batteries and electric car very quickly and efficiency in the global market.
The company has manufactured the lithium batteries in cheaper price through adopting the
new technology. Various financial analysts report express that this company is the best option
for the purpose of investment as it would offer huge profit and return to the investors.
2. Ownership governance structure:
Fir evaluating the worth of the company and the position of the company, study has
been done over corporate governance of the company and the board directors and members of
the company:
Substantial stakeholders:
Through the evaluation on annual report of LITHIUM AUSTRALIA NL, it has been
found that the main shareholder of the company is JP Morgan Nominees Australia Limited.
The company has the largest share of stock of the company which is around 4.906. Any of

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the shareholders of the company does not have 5% or more than 5% shareholdings in the
company. Following picture would depict about the top largest stockholders of the company
and their total share % in the total stock of the company. Totally, 31.742% of the company
stock is hold by the top 20 shareholders and rest stocks are held by the other stockholders of
the company.
(Annual Report, 2017)
Main people:
In addition to it, chief financial officer, chief executive officer, directors, executive
directors, non executive dissectors, board of directors etc has been analyzed and found that
how much stock are held by these main people of the company. Adrian Griffin is the
managing director of the company and he is managing the resources and the operations of the
company very effectively from last few years (Ross et al, 2007). He has 2.28% of stocks of
the company. More to it, George Bauk and Bryan Dixon is the non executive officer of the
company and they have few stocks of the company. Barry Woodhouse is the CFO, CS,
Director and the chairman of the company. In addition, none of the main people of the
company held 5% or more than 5% stocks of the company.
3. Performance ratios:

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Further, for evaluating the financial position and the worth of the company,
performance ratios have been done. The performance ratios of LITHIUM AUSTRALIA NL
are as follows:
Return on assets (ROA):
Return on assets is the part of performance ratios. Basically, it is an indicator which
explains that how much profits have been earn by the company in relation to the total assets
of the company (Ward, 2012). Return on assets offers an idea about the efficiency,
profitability etc to the management, analyst, and investors through using its assets to manage
and generate profits. Following is the calculations of ROA of LITHIUM AUSTRALIA NL:
A. Return on assets= NPAT/ total Assets
(4592)/16027
-28.652%
Above calculations brief that the total profit of the company was $ -4592 and the total
assets of the company was $ 16027 and thus the ROA of the company is -28.652% which
express about the loss position of the company. Company is suggested to make few changes
in its operations and the expenses to reach over a profitability position.
Return on equity (ROE):
Return on equity is the part of performance ratios. Basically, it is an indicator which
explains that how much profits have been earn by the company in relation to the total equity
of the company. Return on equity offers an idea about the efficiency, profitability etc to the
management, analyst, and investors through using its equity to manage and generate profits.
Following is the calculations of ROE of LITHIUM AUSTRALIA NL:
B. Return on Equity=
Net profit after tax/
ordinary equity
(4592)/15128
-30.35%
Above calculations brief that the total profit of the company was $ -4592 and the total
equity of the company was $ 15128 and thus the ROE of the company is -30.35% which

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express about the loss position of the company. Company is suggested to make few changes
in its operations and the expenses to reach over a profitability position.
Debt ratios:
Debt ratios express about the position of the company in terms of managing the better
capital structure. Debt ratios analyze the value of the company and assist the company to
maximize it. Debt ratios offer a balance among the total assets and total liabilities of the
company (Simons, 2007). It helped the company to make decision about the fund raising
source. Following is the calculations of debt ratios of LITHIUM AUSTRALIA NL:
C. Debt Ratios =
Total Liabilities/ total
assets
898/16027
5.60%
EBIT / TA * NPAT / EBIT * TA/ OE = NPAT / OE
(352/3793)*(368/352)*(3793/2502)= (368/2502)
0.147082334 0.147082334
(-4592/16027)*(-4592/-
4592)*(16027/15128)=
(-
4592/15128)
-30% -30%
Above calculations brief that the total liabilities of the company was $ 898 and the
total asset of the company was $ 16027 and thus the debt ratios of the company is 5.60%
which express about the bad capital structure position of the company. Company is suggested
to make few changes in its operations and the expenses to reach over a good capital structure
position.
TA/OE:
Ta stands for total assets and OE stands for ordinary equity. Total assets decide the
return on asset position. The more, the total assets of an organization, the more the
expectation of the company would be about the total profit of the company. It explains about
the total resources which have been used to manufacture the product so company is required
to keep minimum resources and utilize it as its maximum. At the same time, total equity
decides the return on equity position. The more, the total equity of an organization, the more

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the expectation of the company would be about the total profit of the company. It explains
about the total funds which have been used to manufacture the product so company is
required to keep minimum funds and utilize it as its maximum.
ROA and ROE:
ROE stands for return on equity and at the same time ROA stands for return on assets.
As discussed above, assets and equity makes an impact over the ROA and the ROE of the
company and it also explains that the more the total assets and equity of an organization
would be the less the ROA and ROE would be respectively. And accoridng to Net Mining
Boom (2018), total assets would always be greater than the total equity of the company
because it is the sum of total liabilities and total equity of the company thus the ROE would
always be greater than n the ROA of the company..
4. Changes in stock price:
In addition, for analyzing the value of the company, stock price of LITHIUM
AUSTRALIA NL of last 2 year has been analyzed and it has been compared with the stock
price of all ordinary shares of Australia. Following is the changes and the difference in both
the stock in last 2 years:
(Kaplan and Atkinson, 2015)
Evalaution:

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The changes in the AORD and the chnages in the stock price of LIT have been shown
in the above graph and it has been evalauted that the stock of LIT is quite stable whereas
various chnages have occurred into AORD stock. It epxlains that the stock price of AORD is
quite volatile. Though, the study of corerelation have been conducted to evalaute the
voltaivlity level of the stock and it has been found that the corerltion among both the shares
are -0.25 which epxlains that the shares of the company are less volatile (Macintosh and
Quattrone, 2010). Beta study has also been done over LIT to evalaute the systematic risk of
the company and it has been found that syste,atc risk of the company is 0.69 which express
about moderate risk of the company in compariosn of the industry risk. This report epxlains
about the actual market position of the company.
5. Significant factors:
The above evaluation over the stock price of the company explains that the stock price
of the company has not been changed a lot. Though, sometimes the stock price of the
company has been $ 0.08 from $ 0.20 and at the same time it has raised up to $ 0.25. These
sudden changes have taken place into the stock price of the company due to the following
reasons:
1. Analyst forecast:
Financial analyst have reported once in their report that LIT is the one of the best
mining industry and the revenues and the profit of the company would e enhanced in
near future. After this announcement the stock price of LIT has been enhanced.
2. Significant management changes:
Significant management changes have been done by the BOD of the company and
due to that the attractiveness of the company has been enhanced. After this
announcement the stock price of LIT has been enhanced (Davies and Crawford,
2011).
3. Competitors impact:
Further, the competition and the new technology uses by the competitive companies
have also affected the stock price of the company and due to it; the stock price of the
company has been lowered.
4. Industry wide factors:

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Further, the factors and the changes in the industry have also affected the stock price
of the company and due to it; the stock price of the company has been enhanced (Next
Mining Boom, 2018).
5. Law suits:
Lastly, a law suit has been won by the company in last year and it has directly
impacted over the stock price of the company (Horngren et al, 2005).
6. Calculation of CAPM and beta values:
Beta:
Beta represents the systematic risk of an organization. Beta of LIT is 0.69. It
expresses that the systematic risk of the company is moderate (Yahoo Finance, 2018).
CAPM:
CAPM calculations have been done in addition to evaluate the required rate of return.
Following is the calculation of CAPM:
Calculation of cost of equity (CAPM)
RF 4.00%
RM 6.00%
Beta 0.692
Required rate of return 5.38%
Explanation:
The chosen company is a not a conservative investment. As the financial and market
position of the company is below average and the company has faced huge loss in last 2 years
which explain that the chosen company is not at all good in the perspective of investment.
7. WACC calculations:
Calculations of WACC are as follows:
Calculation of WACC
Price Cost Weight WACC
Debt 0 3.50% 0 0
Equity 29,221 5.38% 1 0.05385
29,221 Kd 5.38%

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Calculation of cost of debt
Outstanding debt 0
interest rate 5%
Tax rate 0.3
Kd 3.50%
Calculation of cost of equity
(CAPM)
RF 4.00%
RM 6.00%
Beta 69.25%
Required rate of return 5.38%
It explains about the total cost of the company which would occur while raising the
funds. The current cost of the company is 5.38% out of which 3.5% is of debt and 5.38% is of
equity of the company (Annual Report, 2017).
Evaluation:
More, the WACC calculations explain that the WACC of the company is quite lower
and thus the investment proposal which would offer more that 5.38% of internal rate of return
would be a good opportunity for the company. The lower the cost of the company would be,
the higher the company would be able to make earnings. More, if the company would raise
the funds through debt, than the cost of capital of the company would be lower more and the
earnings opportunity of the company would be higher.
8. Debt ratios:
Optimal capital structure:
The calculations over the debt ratios of the company explain that the capital structure
of the company is not at all good. Total assets of the company is quite higher than the total
liabilities of the company. Following is the ratio of total asets and total liabilities of the
company:
2017 2016

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Debt Ratios =
Total Liabilities/ total
assets
Total Liabilities/ total
assets
898/16027 569/10222
5.60% 5.57%
This explains that the debt ratio of the company was 5.57% in 2016 and 5.60% in
2017. It explains that the total liabilities of the company are required to be enhanced and the
funds must be raised by the company through debt to make an optimal capital structure. The
current capital structure of the company is quite stable but few changes are required to be
done by the management (Davies and Crawford, 2011).
Gearing ratios:
Further, gearing ratios of the company explains that the gearing position of the
company has been enhanced by 0.05% in 2017. It explains that the capital employed of the
company has been enhanced in 2017 and this has taken place due to high reserves and high
issued capital of the company.
2017 2016
Gearing ratios =
Total Liabilities/ Capital
employed
Total Liabilities/ Capital
employed
898/(16027-898) 569/(10222-569)
5.94% 5.89%
The current capital structure of the company is quite stable but few changes are
required to be done by the management (Morningstar, 2018).
9. Dividend policy:
Further, it has been evaluated that the company has not paid any dividend in financial
year 2017 which explains that this company is following the rule of irrelevant dividend
policies which express that the profits must be kept by the company itself for the future
investments (Bromwich and Bhimani, 2005). Irrelevant dividend policies in good for the
organization as the company do not need to raise the funds from the market and could make
an investment through retained earnings but at the same time, it loses the attractiveness and
trust of investors.

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10. Recommendation and Conclusion:
To conclude, the chosen company is a not a good option for the investment. As the
financial and market position of the company is below average and the company has faced
huge loss in last 2 years which explain that the chosen company is not at all good in the
perspective of investment.

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References:
Bromwich, M. and Bhimani, A., 2005. Management accounting: Pathways to progress. Cima
publishing.
Davies, T. and Crawford, I., 2011. Business accounting and finance. Pearson.
Horngren, C.T., Sundem, G.L., Stratton, W.O., Burgstahler, D. and Schatzberg, J.,
2005. Introduction to management accounting. Upper Saddle River, New Jersey: Prentice
Hall.
Kaplan, R.S. and Atkinson, A.A., 2015. Advanced management accounting. PHI Learning.
Macintosh, N.B. and Quattrone, P., 2010. Management accounting and control systems: An
organizational and sociological approach. John Wiley & Sons.
Ross, S, A,. Westerfield, R, W,. and Jaffe, J,.2007. Corporate Finance, India, the McGraw-
hill.
Simons, R., 2007. Accounting control systems and business strategy: an empirical
analysis. Accounting, Organizations and Society, 12(4), pp.357-374.
Ward, K., 2012. Strategic management accounting. Routledge.
Weston, J.F. and Brigham, E.F., 2015. Managerial finance. Hinsdale, IL: Dryden Press.
Annual report. 2017. LITHIUM AUSTRALIA NL, viewed Jan 18, 2018,
https://lithiumau.wpengine.com/wp-content/uploads/2016/11/30102017-LIT-Annual-Report-
to-shareholders.pdf
Bloomberg. 2018. LITHIUM AUSTRALIA NL, viewed Jan 18, 2018,
https://www.bloomberg.com/profiles/companies/LIT:AU-lithium-australia-nl
Morningstar. 2018. LITHIUM AUSTRALIA NL, viewed Jan 18, 2018,
http://financials.morningstar.com/cash-flow/cf.html?t=LIT&region=aus&culture=en-US
Yahoo Finance. 2018. LITHIUM AUSTRALIA NL, viewed Jan 18, 2018,
https://au.finance.yahoo.com/quote/%5EAORD/history?
period1=1451586600&period2=1514658600&interval=1d&filter=history&frequency=1d
Next timing boom. 2018. LITHIUM AUSTRALIA NL, viewed Jan 18, 2018,
http://www.nextminingboom.com/company/lit/

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Appendix:
Date
Adj
Close Return Date Adj Close Return
42372.00 0.17 42372.00 5322.80
42373.00 0.16 -0.09 42373.00 5239.20 -0.02
42374.00 0.16 0.03 42374.00 5178.00 -0.01
42375.00 0.16 0.00 42375.00 5068.80 -0.02
42376.00 0.16 0.00 42376.00 5049.40 0.00
42379.00 0.17 0.03 42379.00 4990.70 -0.01
42380.00 0.16 -0.06 42380.00 4982.20 0.00
42381.00 0.15 -0.03 42381.00 5041.60 0.01
42382.00 0.16 0.07 42382.00 4964.10 -0.02
42383.00 0.17 0.03 42383.00 4948.50 0.00
42386.00 0.15 -0.12 42386.00 4911.80 -0.01
42387.00 0.14 -0.03 42387.00 4955.10 0.01
42388.00 0.13 -0.07 42388.00 4896.90 -0.01
42389.00 0.13 0.00 42389.00 4917.60 0.00
42390.00 0.15 0.15 42390.00 4969.60 0.01
42393.00 0.17 0.10 42393.00 5057.10 0.02
42395.00 0.16 -0.03 42395.00 5000.80 -0.01
42396.00 0.15 -0.06 42396.00 5028.10 0.01
42397.00 0.16 0.07 42397.00 5056.60 0.01
42400.00 0.16 -0.03 42400.00 5094.30 0.01
42401.00 0.14 -0.10 42401.00 5044.00 -0.01
42402.00 0.15 0.04 42402.00 4930.80 -0.02
42403.00 0.15 0.03 42403.00 5029.30 0.02
42404.00 0.15 0.00 42404.00 5025.60 0.00
42407.00 0.15 0.00 42407.00 5022.10 0.00
42408.00 0.15 -0.03 42408.00 4882.60 -0.03
42409.00 0.13 -0.10 42409.00 4826.50 -0.01
42410.00 0.14 0.08 42410.00 4870.90 0.01
42411.00 0.14 -0.04 42411.00 4816.60 -0.01
42414.00 0.14 0.00 42414.00 4893.40 0.02
42415.00 0.13 -0.04 42415.00 4961.60 0.01
42416.00 0.14 0.04 42416.00 4938.40 0.00
42417.00 0.13 -0.04 42417.00 5047.10 0.02
42418.00 0.13 0.00 42418.00 5008.30 -0.01
42421.00 0.16 0.19 42421.00 5056.60 0.01
42422.00 0.15 -0.03 42422.00 5039.10 0.00
42423.00 0.15 0.00 42423.00 4943.30 -0.02
42424.00 0.16 0.03 42424.00 4944.70 0.00
42425.00 0.15 -0.03 42425.00 4945.10 0.00

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42428.00 0.15 0.00 42428.00 4947.90 0.00
42429.00 0.15 -0.03 42429.00 4989.60 0.01
42430.00 0.16 0.07 42430.00 5083.50 0.02
42431.00 0.16 0.03 42431.00 5142.20 0.01
42432.00 0.14 -0.13 42432.00 5151.10 0.00
42435.00 0.15 0.07 42435.00 5204.70 0.01
42436.00 0.15 0.00 42436.00 5169.50 -0.01
42437.00 0.15 0.00 42437.00 5215.70 0.01
42438.00 0.15 -0.03 42438.00 5210.90 0.00
42439.00 0.15 0.00 42439.00 5224.80 0.00
42442.00 0.14 -0.03 42442.00 5242.40 0.00
42443.00 0.15 0.04 42443.00 5168.60 -0.01
42444.00 0.15 0.00 42444.00 5175.70 0.00
42445.00 0.15 0.03 42445.00 5226.40 0.01
42446.00 0.15 -0.03 42446.00 5239.30 0.00
42449.00 0.15 0.00 42449.00 5224.90 0.00
42450.00 0.15 0.00 42450.00 5230.80 0.00
42451.00 0.15 0.03 42451.00 5204.30 -0.01
42452.00 0.15 0.00 42452.00 5151.60 -0.01
42457.00 0.15 -0.03 42457.00 5076.20 -0.01
42458.00 0.15 0.03 42458.00 5081.50 0.00
42459.00 0.15 0.00 42459.00 5151.80 0.01
42460.00 0.15 -0.03 42460.00 5073.80 -0.02
42464.00 0.18 0.24 42464.00 5070.10 0.00
42465.00 0.21 0.17 42465.00 5000.40 -0.01
42466.00 0.20 -0.07 42466.00 5024.60 0.00
42467.00 0.21 0.08 42467.00 5042.30 0.00
42468.00 0.21 0.00 42468.00 5018.00 0.00
42471.00 0.25 0.19 42471.00 5013.20 0.00
42472.00 0.26 0.04 42472.00 5053.70 0.01
42473.00 0.24 -0.08 42473.00 5127.20 0.01
42474.00 0.25 0.02 42474.00 5187.70 0.01
42475.00 0.28 0.14 42475.00 5224.10 0.01
42478.00 0.30 0.07 42478.00 5204.90 0.00
42479.00 0.35 0.17 42479.00 5254.70 0.01
42480.00 0.36 0.01 42480.00 5281.20 0.01
42481.00 0.33 -0.08 42481.00 5336.40 0.01
42482.00 0.32 -0.03 42482.00 5299.20 -0.01
42486.00 0.27 -0.14 42486.00 5283.60 0.00
42487.00 0.26 -0.04 42487.00 5250.90 -0.01
42488.00 0.24 -0.08 42488.00 5289.40 0.01
42489.00 0.23 -0.06 42489.00 5316.00 0.01
42492.00 0.25 0.09 42492.00 5312.00 0.00

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42493.00 0.29 0.16 42493.00 5415.00 0.02
42494.00 0.29 0.00 42494.00 5335.60 -0.01
42495.00 0.27 -0.05 42495.00 5344.50 0.00
42496.00 0.27 0.00 42496.00 5358.60 0.00
42499.00 0.29 0.07 42499.00 5387.80 0.01
42500.00 0.30 0.03 42500.00 5403.90 0.00
42501.00 0.29 -0.05 42501.00 5434.80 0.01
42502.00 0.28 -0.02 42502.00 5423.40 0.00
42503.00 0.28 0.00 42503.00 5396.30 0.00
42506.00 0.27 -0.05 42506.00 5420.30 0.00
42507.00 0.25 -0.06 42507.00 5458.50 0.01
42508.00 0.25 -0.02 42508.00 5420.50 -0.01
42509.00 0.24 -0.04 42509.00 5385.60 -0.01
42510.00 0.23 -0.02 42510.00 5415.20 0.01
42513.00 0.24 0.02 42513.00 5384.90 -0.01
42514.00 0.23 -0.04 42514.00 5361.90 0.00
42515.00 0.22 -0.04 42515.00 5436.80 0.01
42516.00 0.22 0.02 42516.00 5451.90 0.00
42517.00 0.26 0.16 42517.00 5469.70 0.00
42520.00 0.26 0.00 42520.00 5473.60 0.00
42521.00 0.26 0.02 42521.00 5447.80 0.00
42522.00 0.24 -0.10 42522.00 5395.20 -0.01
42523.00 0.25 0.06 42523.00 5354.20 -0.01
42524.00 0.25 -0.02 42524.00 5392.50 0.01
42527.00 0.25 0.00 42527.00 5431.00 0.01
42528.00 0.24 -0.02 42528.00 5441.00 0.00
42529.00 0.25 0.02 42529.00 5441.10 0.00
42530.00 0.26 0.04 42530.00 5437.40 0.00
42531.00 0.29 0.12 42531.00 5391.60 -0.01
42535.00 0.26 -0.11 42535.00 5282.50 -0.02
42536.00 0.27 0.04 42536.00 5230.40 -0.01
42537.00 0.25 -0.06 42537.00 5231.70 0.00
42538.00 0.25 -0.02 42538.00 5248.30 0.00
42541.00 0.25 0.02 42541.00 5335.60 0.02
42542.00 0.26 0.04 42542.00 5353.30 0.00
42543.00 0.25 -0.06 42543.00 5349.50 0.00
42544.00 0.25 0.00 42544.00 5358.60 0.00
42545.00 0.24 -0.04 42545.00 5192.80 -0.03
42548.00 0.23 -0.02 42548.00 5216.20 0.00
42549.00 0.24 0.04 42549.00 5179.70 -0.01
42550.00 0.25 0.02 42550.00 5221.00 0.01
42551.00 0.26 0.04 42551.00 5310.40 0.02
42552.00 0.27 0.06 42552.00 5327.00 0.00

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42555.00 0.27 0.00 42555.00 5365.20 0.01
42556.00 0.27 -0.02 42556.00 5312.80 -0.01
42557.00 0.27 0.00 42557.00 5284.70 -0.01
42558.00 0.27 0.02 42558.00 5311.00 0.00
42559.00 0.28 0.02 42559.00 5315.60 0.00
42562.00 0.30 0.09 42562.00 5417.50 0.02
42563.00 0.29 -0.05 42563.00 5433.20 0.00
42564.00 0.28 -0.02 42564.00 5470.30 0.01
42565.00 0.30 0.05 42565.00 5491.80 0.00
42566.00 0.29 -0.02 42566.00 5510.10 0.00
42569.00 0.28 -0.05 42569.00 5538.90 0.01
42570.00 0.28 0.00 42570.00 5533.90 0.00
42571.00 0.27 -0.02 42571.00 5565.90 0.01
42572.00 0.26 -0.04 42572.00 5588.70 0.00
42573.00 0.25 -0.04 42573.00 5574.30 0.00
42576.00 0.25 -0.02 42576.00 5607.50 0.01
42577.00 0.25 0.00 42577.00 5612.60 0.00
42578.00 0.24 -0.02 42578.00 5615.00 0.00
42579.00 0.25 0.02 42579.00 5636.70 0.00
42580.00 0.24 -0.02 42580.00 5644.00 0.00
42583.00 0.24 0.00 42583.00 5670.10 0.00
42584.00 0.26 0.08 42584.00 5622.10 -0.01
42585.00 0.26 0.00 42585.00 5551.40 -0.01
42586.00 0.26 0.00 42586.00 5563.40 0.00
42587.00 0.25 -0.04 42587.00 5585.60 0.00
42590.00 0.25 0.00 42590.00 5625.70 0.01
42591.00 0.25 0.00 42591.00 5636.70 0.00
42592.00 0.24 -0.04 42592.00 5628.20 0.00
42593.00 0.24 0.00 42593.00 5599.40 -0.01
42594.00 0.25 0.04 42594.00 5626.30 0.00
42597.00 0.24 -0.06 42597.00 5633.80 0.00
42598.00 0.23 -0.02 42598.00 5625.70 0.00
42599.00 0.23 0.00 42599.00 5628.10 0.00
42600.00 0.23 -0.02 42600.00 5607.30 0.00
42601.00 0.23 0.00 42601.00 5625.40 0.00
42604.00 0.21 -0.07 42604.00 5612.30 0.00
42605.00 0.21 0.00 42605.00 5647.10 0.01
42606.00 0.20 -0.05 42606.00 5653.60 0.00
42607.00 0.19 -0.08 42607.00 5631.40 0.00
42608.00 0.18 -0.03 42608.00 5607.40 0.00
42611.00 0.18 -0.03 42611.00 5561.50 -0.01
42612.00 0.20 0.14 42612.00 5573.50 0.00
42613.00 0.21 0.05 42613.00 5529.40 -0.01

Finance For Business
18
42614.00 0.20 -0.07 42614.00 5511.20 0.00
42615.00 0.21 0.05 42615.00 5470.60 -0.01
42618.00 0.21 0.00 42618.00 5524.40 0.01
42619.00 0.21 0.00 42619.00 5510.40 0.00
42620.00 0.22 0.07 42620.00 5521.10 0.00
42621.00 0.22 -0.02 42621.00 5484.60 -0.01
42622.00 0.21 -0.02 42622.00 5440.50 -0.01
42625.00 0.20 -0.07 42625.00 5319.10 -0.02
42626.00 0.20 0.03 42626.00 5310.00 0.00
42627.00 0.20 -0.03 42627.00 5326.60 0.00
42628.00 0.20 0.00 42628.00 5337.10 0.00
42629.00 0.20 0.00 42629.00 5396.70 0.01
42632.00 0.20 0.03 42632.00 5393.70 0.00
42633.00 0.20 -0.03 42633.00 5397.30 0.00
42634.00 0.20 0.00 42634.00 5429.40 0.01
42635.00 0.19 -0.03 42635.00 5466.30 0.01
42636.00 0.19 0.00 42636.00 5518.60 0.01
42639.00 0.20 0.03 42639.00 5519.10 0.00
42640.00 0.19 -0.03 42640.00 5493.70 0.00
42641.00 0.19 0.00 42641.00 5500.20 0.00
42642.00 0.19 0.00 42642.00 5558.20 0.01
42643.00 0.19 -0.03 42643.00 5525.20 -0.01
42645.00 0.20 0.05 42645.00 5564.80 0.01
42646.00 0.22 0.10 42646.00 5569.90 0.00
42647.00 0.22 0.02 42647.00 5537.00 -0.01
42648.00 0.19 -0.14 42648.00 5564.80 0.01
42649.00 0.20 0.03 42649.00 5548.50 0.00
42652.00 0.19 -0.03 42652.00 5555.50 0.00
42653.00 0.19 0.00 42653.00 5562.20 0.00
42654.00 0.19 0.00 42654.00 5555.20 0.00
42655.00 0.19 0.00 42655.00 5518.30 -0.01
42656.00 0.19 0.00 42656.00 5518.50 0.00
42659.00 0.19 -0.03 42659.00 5470.90 -0.01
42660.00 0.19 0.00 42660.00 5492.00 0.00
42661.00 0.19 0.00 42661.00 5518.40 0.00
42662.00 0.19 0.00 42662.00 5526.20 0.00
42663.00 0.19 0.00 42663.00 5513.90 0.00
42666.00 0.18 -0.03 42666.00 5489.10 0.00
42667.00 0.19 0.06 42667.00 5523.30 0.01
42668.00 0.19 0.00 42668.00 5442.10 -0.01
42669.00 0.19 0.00 42669.00 5378.40 -0.01
42670.00 0.19 -0.03 42670.00 5370.90 0.00
42673.00 0.19 0.00 42673.00 5402.40 0.01

Finance For Business
19
42674.00 0.19 0.03 42674.00 5375.20 -0.01
42675.00 0.19 -0.03 42675.00 5311.00 -0.01
42676.00 0.18 -0.03 42676.00 5306.60 0.00
42677.00 0.18 0.00 42677.00 5263.10 -0.01
42680.00 0.19 0.03 42680.00 5330.90 0.01
42681.00 0.18 -0.05 42681.00 5342.20 0.00
42682.00 0.17 -0.03 42682.00 5238.30 -0.02
42683.00 0.18 0.03 42683.00 5408.90 0.03
42684.00 0.18 0.03 42684.00 5446.60 0.01
42687.00 0.18 -0.03 42687.00 5420.30 0.00
42688.00 0.17 -0.03 42688.00 5399.80 0.00
42689.00 0.16 -0.06 42689.00 5399.60 0.00
42690.00 0.17 0.03 42690.00 5408.90 0.00
42691.00 0.17 0.00 42691.00 5427.50 0.00
42694.00 0.17 0.03 42694.00 5419.30 0.00
42695.00 0.17 0.00 42695.00 5480.60 0.01
42696.00 0.17 0.00 42696.00 5549.90 0.01
42697.00 0.17 0.00 42697.00 5549.00 0.00
42698.00 0.17 0.00 42698.00 5570.50 0.00
42701.00 0.17 0.00 42701.00 5532.60 -0.01
42702.00 0.17 -0.03 42702.00 5520.50 0.00
42703.00 0.17 0.00 42703.00 5502.40 0.00
42704.00 0.17 0.00 42704.00 5560.40 0.01
42705.00 0.16 -0.03 42705.00 5502.60 -0.01
42708.00 0.16 -0.03 42708.00 5458.00 -0.01
42709.00 0.16 0.03 42709.00 5486.60 0.01
42710.00 0.16 0.00 42710.00 5535.40 0.01
42711.00 0.16 -0.03 42711.00 5599.00 0.01
42712.00 0.16 0.00 42712.00 5615.80 0.00
42715.00 0.16 0.03 42715.00 5619.10 0.00
42716.00 0.14 -0.13 42716.00 5600.70 0.00
42717.00 0.14 -0.04 42717.00 5639.70 0.01
42718.00 0.14 0.00 42718.00 5595.00 -0.01
42719.00 0.14 0.00 42719.00 5589.70 0.00
42722.00 0.14 0.00 42722.00 5612.80 0.00
42723.00 0.14 0.00 42723.00 5640.00 0.00
42724.00 0.13 -0.04 42724.00 5662.00 0.00
42725.00 0.14 0.04 42725.00 5691.80 0.01
42726.00 0.14 0.00 42726.00 5675.10 0.00
42731.00 0.14 0.04 42731.00 5732.40 0.01
42732.00 0.14 0.00 42732.00 5746.70 0.00
42733.00 0.15 0.04 42733.00 5719.10 0.00
42737.00 0.14 -0.03 42737.00 5784.60 0.01

Finance For Business
20
42738.00 0.14 -0.04 42738.00 5788.20 0.00
42739.00 0.14 0.00 42739.00 5805.10 0.00
42740.00 0.13 -0.07 42740.00 5809.00 0.00
42743.00 0.13 0.04 42743.00 5857.70 0.01
42744.00 0.14 0.04 42744.00 5813.00 -0.01
42745.00 0.14 0.00 42745.00 5823.70 0.00
42746.00 0.15 0.07 42746.00 5821.60 0.00
42747.00 0.16 0.10 42747.00 5776.80 -0.01
42750.00 0.19 0.16 42750.00 5803.00 0.00
42751.00 0.21 0.11 42751.00 5754.70 -0.01
42752.00 0.19 -0.07 42752.00 5733.70 0.00
42753.00 0.20 0.05 42753.00 5745.40 0.00
42754.00 0.19 -0.05 42754.00 5709.70 -0.01
42757.00 0.20 0.05 42757.00 5668.00 -0.01
42758.00 0.20 -0.03 42758.00 5706.30 0.01
42759.00 0.19 -0.03 42759.00 5726.00 0.00
42761.00 0.20 0.03 42761.00 5765.60 0.01
42764.00 0.19 -0.03 42764.00 5714.30 -0.01
42765.00 0.18 -0.08 42765.00 5675.00 -0.01
42766.00 0.17 -0.03 42766.00 5704.00 0.01
42767.00 0.18 0.03 42767.00 5696.40 0.00
42768.00 0.18 0.03 42768.00 5672.50 0.00
42771.00 0.19 0.03 42771.00 5665.40 0.00
42772.00 0.19 0.00 42772.00 5672.60 0.00
42773.00 0.18 -0.05 42773.00 5703.40 0.01
42774.00 0.18 0.00 42774.00 5717.70 0.00
42775.00 0.18 0.00 42775.00 5771.60 0.01
42778.00 0.17 -0.03 42778.00 5812.90 0.01
42779.00 0.17 0.00 42779.00 5810.90 0.00
42780.00 0.16 -0.06 42780.00 5859.10 0.01
42781.00 0.16 0.00 42781.00 5863.00 0.00
42782.00 0.16 0.00 42782.00 5851.00 0.00
42785.00 0.16 0.00 42785.00 5840.50 0.00
42786.00 0.16 -0.03 42786.00 5835.40 0.00
42787.00 0.15 -0.06 42787.00 5850.10 0.00
42788.00 0.16 0.07 42788.00 5832.50 0.00
42789.00 0.15 -0.06 42789.00 5786.90 -0.01
42792.00 0.17 0.17 42792.00 5773.80 0.00
42793.00 0.17 -0.03 42793.00 5761.00 0.00
42794.00 0.17 0.03 42794.00 5750.90 0.00
42795.00 0.17 -0.03 42795.00 5820.70 0.01
42796.00 0.17 0.00 42796.00 5775.40 -0.01
42799.00 0.17 0.00 42799.00 5788.50 0.00

Finance For Business
21
42800.00 0.17 0.00 42800.00 5801.90 0.00
42801.00 0.16 -0.03 42801.00 5799.50 0.00
42802.00 0.16 0.00 42802.00 5780.50 0.00
42803.00 0.15 -0.06 42803.00 5811.20 0.01
42806.00 0.15 0.00 42806.00 5794.60 0.00
42807.00 0.16 0.03 42807.00 5798.10 0.00
42808.00 0.15 -0.03 42808.00 5813.70 0.00
42809.00 0.15 0.00 42809.00 5827.50 0.00
42810.00 0.15 0.00 42810.00 5840.80 0.00
42813.00 0.14 -0.07 42813.00 5820.50 0.00
42814.00 0.14 0.00 42814.00 5819.50 0.00
42815.00 0.14 -0.04 42815.00 5732.00 -0.02
42816.00 0.14 0.00 42816.00 5754.00 0.00
42817.00 0.14 0.00 42817.00 5796.10 0.01
42820.00 0.14 0.04 42820.00 5789.20 0.00
42821.00 0.14 0.00 42821.00 5860.40 0.01
42822.00 0.14 -0.04 42822.00 5910.70 0.01
42823.00 0.14 0.04 42823.00 5931.80 0.00
42824.00 0.14 -0.04 42824.00 5903.80 0.00
42828.00 0.13 -0.04 42828.00 5909.70 0.00
42829.00 0.13 0.00 42829.00 5895.80 0.00
42830.00 0.13 -0.04 42830.00 5915.90 0.00
42831.00 0.13 0.04 42831.00 5897.30 0.00
42832.00 0.14 0.04 42832.00 5902.60 0.00
42835.00 0.14 0.00 42835.00 5948.90 0.01
42836.00 0.13 -0.04 42836.00 5964.60 0.00
42837.00 0.13 0.00 42837.00 5968.90 0.00
42838.00 0.13 0.00 42838.00 5925.90 -0.01
42843.00 0.14 0.04 42843.00 5868.70 -0.01
42844.00 0.13 -0.07 42844.00 5839.90 0.00
42845.00 0.13 0.00 42845.00 5854.40 0.00
42846.00 0.13 0.04 42846.00 5885.60 0.01
42849.00 0.13 0.00 42849.00 5900.70 0.00
42851.00 0.13 0.00 42851.00 5936.80 0.01
42852.00 0.13 0.00 42852.00 5944.40 0.00
42853.00 0.13 0.00 42853.00 5947.60 0.00
42856.00 0.13 -0.04 42856.00 5976.40 0.00
42857.00 0.11 -0.16 42857.00 5971.40 0.00
42858.00 0.09 -0.11 42858.00 5919.90 -0.01
42859.00 0.10 0.05 42859.00 5904.50 0.00
42860.00 0.11 0.07 42860.00 5863.80 -0.01
42863.00 0.10 -0.07 42863.00 5897.80 0.01
42864.00 0.11 0.07 42864.00 5874.50 0.00

Finance For Business
22
42865.00 0.10 -0.07 42865.00 5911.10 0.01
42866.00 0.11 0.07 42866.00 5912.00 0.00
42867.00 0.10 -0.05 42867.00 5870.90 -0.01
42870.00 0.11 0.05 42870.00 5868.40 0.00
42871.00 0.10 -0.05 42871.00 5882.20 0.00
42872.00 0.10 0.00 42872.00 5821.20 -0.01
42873.00 0.11 0.05 42873.00 5775.50 -0.01
42874.00 0.11 0.00 42874.00 5768.90 0.00
42877.00 0.10 -0.05 42877.00 5811.20 0.01
42878.00 0.10 0.00 42878.00 5802.80 0.00
42879.00 0.10 0.00 42879.00 5811.60 0.00
42880.00 0.10 0.00 42880.00 5828.80 0.00
42881.00 0.10 0.02 42881.00 5792.10 -0.01
42884.00 0.10 -0.02 42884.00 5747.70 -0.01
42885.00 0.11 0.05 42885.00 5756.00 0.00
42886.00 0.11 0.00 42886.00 5761.30 0.00
42887.00 0.10 -0.03 42887.00 5772.50 0.00
42888.00 0.10 -0.02 42888.00 5821.10 0.01
42891.00 0.10 -0.01 42891.00 5792.10 0.00
42892.00 0.10 -0.02 42892.00 5708.10 -0.01
42893.00 0.10 -0.02 42893.00 5707.80 0.00
42894.00 0.10 0.01 42894.00 5714.80 0.00
42895.00 0.10 0.01 42895.00 5715.50 0.00
42899.00 0.10 -0.01 42899.00 5801.80 0.02
42900.00 0.10 -0.01 42900.00 5862.20 0.01
42901.00 0.10 0.01 42901.00 5796.70 -0.01
42902.00 0.09 -0.03 42902.00 5808.00 0.00
42905.00 0.09 -0.08 42905.00 5835.50 0.00
42906.00 0.09 -0.01 42906.00 5792.30 -0.01
42907.00 0.08 -0.01 42907.00 5703.20 -0.02
42908.00 0.09 0.01 42908.00 5742.30 0.01
42909.00 0.08 -0.02 42909.00 5754.60 0.00
42912.00 0.08 -0.06 42912.00 5758.40 0.00
42913.00 0.08 0.01 42913.00 5752.50 0.00
42914.00 0.08 -0.03 42914.00 5796.10 0.01
42915.00 0.08 -0.01 42915.00 5855.90 0.01
42916.00 0.07 -0.03 42916.00 5764.00 -0.02
42919.00 0.08 0.01 42919.00 5727.50 -0.01
42920.00 0.08 0.00 42920.00 5819.60 0.02
42921.00 0.07 -0.03 42921.00 5801.00 0.00
42922.00 0.08 0.05 42922.00 5797.50 0.00
42923.00 0.11 0.43 42923.00 5743.90 -0.01
42926.00 0.15 0.36 42926.00 5762.90 0.00

Finance For Business
23
42927.00 0.15 -0.03 42927.00 5768.50 0.00
42928.00 0.14 -0.07 42928.00 5717.70 -0.01
42929.00 0.14 0.04 42929.00 5779.10 0.01
42930.00 0.15 0.04 42930.00 5808.70 0.01
42933.00 0.14 -0.03 42933.00 5800.80 0.00
42934.00 0.14 0.00 42934.00 5738.20 -0.01
42935.00 0.14 -0.04 42935.00 5779.40 0.01
42936.00 0.13 -0.07 42936.00 5805.70 0.00
42937.00 0.13 0.04 42937.00 5771.20 -0.01
42940.00 0.13 -0.04 42940.00 5738.00 -0.01
42941.00 0.13 0.00 42941.00 5775.30 0.01
42942.00 0.12 -0.04 42942.00 5823.30 0.01
42943.00 0.13 0.04 42943.00 5832.20 0.00
42944.00 0.13 0.00 42944.00 5755.20 -0.01
42947.00 0.13 0.04 42947.00 5773.90 0.00
42948.00 0.13 -0.04 42948.00 5820.60 0.01
42949.00 0.12 -0.04 42949.00 5794.50 0.00
42950.00 0.12 -0.04 42950.00 5786.80 0.00
42951.00 0.12 0.04 42951.00 5773.30 0.00
42954.00 0.13 0.08 42954.00 5824.50 0.01
42955.00 0.13 0.00 42955.00 5795.70 0.00
42956.00 0.12 -0.12 42956.00 5816.40 0.00
42957.00 0.12 0.00 42957.00 5810.60 0.00
42958.00 0.13 0.09 42958.00 5743.50 -0.01
42961.00 0.12 -0.04 42961.00 5778.60 0.01
42962.00 0.12 0.00 42962.00 5804.00 0.00
42963.00 0.12 0.00 42963.00 5830.80 0.00
42964.00 0.12 0.00 42964.00 5827.20 0.00
42965.00 0.12 -0.04 42965.00 5798.50 0.00
42968.00 0.12 0.04 42968.00 5780.00 0.00
42969.00 0.12 -0.04 42969.00 5804.80 0.00
42970.00 0.12 0.00 42970.00 5792.70 0.00
42971.00 0.12 0.04 42971.00 5801.70 0.00
42972.00 0.12 0.00 42972.00 5803.40 0.00
42975.00 0.12 0.00 42975.00 5771.20 -0.01
42976.00 0.12 0.00 42976.00 5733.60 -0.01
42977.00 0.12 0.00 42977.00 5733.80 0.00
42978.00 0.12 0.00 42978.00 5776.30 0.01
42979.00 0.12 -0.04 42979.00 5786.10 0.00
42982.00 0.12 0.04 42982.00 5763.80 0.00
42983.00 0.12 -0.04 42983.00 5767.80 0.00
42984.00 0.12 0.00 42984.00 5752.90 0.00
42985.00 0.13 0.13 42985.00 5753.80 0.00

Finance For Business
24
42986.00 0.12 -0.08 42986.00 5739.40 0.00
42989.00 0.12 0.00 42989.00 5779.00 0.01
42990.00 0.13 0.04 42990.00 5806.40 0.00
42991.00 0.13 0.04 42991.00 5804.00 0.00
42992.00 0.13 0.00 42992.00 5798.40 0.00
42993.00 0.14 0.08 42993.00 5755.80 -0.01
42996.00 0.14 0.00 42996.00 5779.00 0.00
42997.00 0.14 0.00 42997.00 5772.40 0.00
42998.00 0.14 0.00 42998.00 5769.70 0.00
42999.00 0.14 0.00 42999.00 5716.70 -0.01
43000.00 0.13 -0.07 43000.00 5740.60 0.00
43003.00 0.13 -0.04 43003.00 5741.70 0.00
43004.00 0.13 0.00 43004.00 5729.60 0.00
43005.00 0.13 0.00 43005.00 5725.50 0.00
43006.00 0.12 -0.04 43006.00 5731.50 0.00
43007.00 0.13 0.08 43007.00 5744.90 0.00
43009.00 0.14 0.04 43009.00 5791.30 0.01
43010.00 0.14 0.00 43010.00 5764.20 0.00
43011.00 0.15 0.07 43011.00 5719.60 -0.01
43012.00 0.14 -0.03 43012.00 5720.30 0.00
43013.00 0.15 0.07 43013.00 5777.40 0.01
43016.00 0.15 0.00 43016.00 5805.10 0.00
43017.00 0.14 -0.07 43017.00 5807.10 0.00
43018.00 0.13 -0.07 43018.00 5840.80 0.01
43019.00 0.14 0.08 43019.00 5864.10 0.00
43020.00 0.16 0.11 43020.00 5884.70 0.00
43023.00 0.19 0.19 43023.00 5917.20 0.01
43024.00 0.16 -0.14 43024.00 5958.10 0.01
43025.00 0.17 0.03 43025.00 5954.80 0.00
43026.00 0.17 0.00 43026.00 5959.80 0.00
43027.00 0.18 0.06 43027.00 5968.60 0.00
43030.00 0.17 -0.03 43030.00 5957.20 0.00
43031.00 0.18 0.03 43031.00 5962.50 0.00
43032.00 0.18 0.03 43032.00 5972.70 0.00
43033.00 0.18 -0.03 43033.00 5982.50 0.00
43034.00 0.18 0.03 43034.00 5969.30 0.00
43037.00 0.21 0.17 43037.00 5983.70 0.00
43038.00 0.21 0.00 43038.00 5976.40 0.00
43039.00 0.21 -0.02 43039.00 6005.50 0.00
43040.00 0.22 0.07 43040.00 6002.20 0.00
43041.00 0.21 -0.05 43041.00 6030.30 0.00
43044.00 0.22 0.05 43044.00 6027.20 0.00
43045.00 0.24 0.07 43045.00 6087.40 0.01

Finance For Business
25
43046.00 0.23 -0.02 43046.00 6089.10 0.00
43047.00 0.24 0.02 43047.00 6122.40 0.01
43048.00 0.25 0.04 43048.00 6104.30 0.00
43051.00 0.25 0.02 43051.00 6097.20 0.00
43052.00 0.23 -0.08 43052.00 6048.70 -0.01
43053.00 0.21 -0.09 43053.00 6012.30 -0.01
43054.00 0.22 0.02 43054.00 6023.50 0.00
43055.00 0.22 0.02 43055.00 6038.30 0.00
43058.00 0.21 -0.05 43058.00 6028.00 0.00
43059.00 0.21 -0.02 43059.00 6044.20 0.00
43060.00 0.21 0.02 43060.00 6067.60 0.00
43061.00 0.21 -0.02 43061.00 6067.50 0.00
43062.00 0.20 -0.02 43062.00 6063.10 0.00
43065.00 0.21 0.05 43065.00 6070.40 0.00
43066.00 0.21 -0.02 43066.00 6066.70 0.00
43067.00 0.20 -0.05 43067.00 6096.10 0.00
43068.00 0.19 -0.03 43068.00 6057.20 -0.01
43069.00 0.19 -0.03 43069.00 6075.50 0.00
43072.00 0.18 -0.05 43072.00 6070.60 0.00
43073.00 0.17 -0.03 43073.00 6057.30 0.00
43074.00 0.16 -0.06 43074.00 6029.90 0.00
43075.00 0.17 0.03 43075.00 6060.80 0.01
43076.00 0.18 0.06 43076.00 6077.40 0.00
43079.00 0.18 0.03 43079.00 6081.90 0.00
43080.00 0.19 0.03 43080.00 6093.10 0.00
43081.00 0.19 0.00 43081.00 6103.10 0.00
43082.00 0.20 0.05 43082.00 6096.40 0.00
43083.00 0.19 -0.03 43083.00 6087.10 0.00
43086.00 0.20 0.03 43086.00 6130.00 0.01
43087.00 0.21 0.05 43087.00 6163.20 0.01
43088.00 0.20 -0.02 43088.00 6167.90 0.00
43089.00 0.21 0.02 43089.00 6156.30 0.00
43090.00 0.20 -0.05 43090.00 6167.30 0.00
43095.00 0.20 0.03 43095.00 6169.70 0.00
43096.00 0.21 0.02 43096.00 6189.40 0.00
43097.00 0.20 -0.02 43097.00 6167.30 0.00
0.00 0.00
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.09

Finance For Business
26
R Square 0.01
Adjusted R
Square 0.01
Standard
Error 0.06
Observations 504.00
ANOVA
df SS MS F
Significan
ce F
Regression 1.00 0.01
0.0
1 3.88 0.05
Residual 502.00 1.67
0.0
0
Total 503.00 1.68
Coefficie
nts
Standard
Error
t
Sta
t
P-
value
Lower
95%
Upper
95%
Lower
95.0%
Upper
95.0%
Intercept 0.00 0.00
0.6
5 0.51 0.00 0.01 0.00 0.01
X Variable 1 0.69 0.35
1.9
7 0.05 0.00 1.38 0.00 1.38
LITHIUM AUSTRALIA NL (LIT) Statement of CASH FLOW
Fiscal year ends in June. AUD in thousands
except per share data.
2017-
06
2016-
06
2015-
06
2014-
06
2013-
06
Cash Flows From Operating Activities
Other non-cash items -4186 -2552 -1306 -1823 -994
Net cash provided by operating activities -4186 -2552 -1306 -1823 -994
Cash Flows From Investing Activities
Investments in property, plant, and equipment -106 -32 -4
Purchases of investments -247 -105 -350
Sales/Maturities of investments 13
Purchases of intangibles -3056 -574 -10
Other investing activities -281 -5
Net cash used for investing activities -3678 -710 -19 -350
Cash Flows From Financing Activities
Common stock issued 4721 8402 2002 1728
Other financing activities -27 -235 -158 -107
Net cash provided by (used for) financing
activities 4694 8167 1844 1622
Net change in cash -3170 4904 518 -551 -994

Finance For Business
27
Cash at beginning of period 5757 853 334 885 1879
Cash at end of period 2587 5757 853 334 885
Free Cash Flow
Operating cash flow -4186 -2552 -1306 -1823 -994
Capital expenditure -3444 -606 -14
Free cash flow -7630 -3158 -1321 -1823 -994
LITHIUM AUSTRALIA NL (LIT) CashFlowFlag BALANCE SHEET
Fiscal year ends in June. AUD in thousands
except per share data.
2017-
06
2016-
06
2015-
06
2014-
06
2013-
06
Assets
Current assets
Cash
Cash and cash equivalents 2587 5757 853 334 885
Short-term investments 3386
Total cash 2587 9142 853 334 885
Receivables 1038 317 91 16 26
Prepaid expenses 4 6 4
Other current assets 5
Total current assets 3625 9460 953 355 916
Non-current assets
Property, plant and equipment
Gross property, plant and equipment 3118 170 25 197 1
Accumulated Depreciation -48
Net property, plant and equipment 3070 170 25 197 1
Equity and other investments 5632 288 3 6 6
Intangible assets 3700 703
Total non-current assets
1240
2 1162 29 203 7
Total assets
1602
7
1062
2 982 558 922
Liabilities and stockholders' equity
Liabilities
LITHIUM AUSTRALIA NL (LIT) CashFlowFlag INCOME STATEMENT
Fiscal year ends in June. AUD in thousands
except per share data.
2017-
06
2016-
06
2015-
06
2014-
06
2013-
06
Revenue 2
Gross profit 2
Costs and expenses