Variscan Mines Ltd
Variscan Mines Limited focuses on the acquisition, exploration, and development of mineral projects in Australia and Spain. The company explores for copper, gold, zinc, lead, and uranium deposits. Its flagship project is the Novales-Udias project located in the Basque-Cantabrian Basin. The company was formerly known as PlatSearch NL and changed its name to Variscan Mines Limited in January 2014. … Read more
Variscan Mines Ltd (VAR) - Net Assets
Latest net assets as of June 2025: AU$10.88 Million AUD
Based on the latest financial reports, Variscan Mines Ltd (VAR) has net assets worth AU$10.88 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$11.47 Million) and total liabilities (AU$591.83K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$10.88 Million |
| % of Total Assets | 94.84% |
| Annual Growth Rate | 5.34% |
| 5-Year Change | 17.33% |
| 10-Year Change | 27.95% |
| Growth Volatility | 178.23 |
Variscan Mines Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Variscan Mines Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Variscan Mines Ltd (1989–2025)
The table below shows the annual net assets of Variscan Mines Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$10.88 Million | +16.67% |
| 2024-06-30 | AU$9.32 Million | -0.55% |
| 2023-06-30 | AU$9.38 Million | +6.98% |
| 2022-06-30 | AU$8.76 Million | -5.47% |
| 2021-06-30 | AU$9.27 Million | +67.89% |
| 2020-06-30 | AU$5.52 Million | +341.86% |
| 2019-06-30 | AU$1.25 Million | -40.90% |
| 2018-06-30 | AU$2.11 Million | -69.00% |
| 2017-06-30 | AU$6.82 Million | -19.77% |
| 2016-06-30 | AU$8.50 Million | +46.89% |
| 2015-06-30 | AU$5.79 Million | -24.09% |
| 2014-06-30 | AU$7.62 Million | -52.78% |
| 2013-06-30 | AU$16.15 Million | -22.82% |
| 2012-06-30 | AU$20.92 Million | -8.46% |
| 2011-06-30 | AU$22.86 Million | +41.30% |
| 2010-06-30 | AU$16.17 Million | +127.35% |
| 2009-06-30 | AU$7.11 Million | -54.54% |
| 2008-06-30 | AU$15.65 Million | +16.45% |
| 2007-06-30 | AU$13.44 Million | +992.83% |
| 2006-06-30 | AU$1.23 Million | +28.42% |
| 2005-06-30 | AU$957.67K | +9.57% |
| 2004-06-30 | AU$874.01K | +35.95% |
| 2003-06-30 | AU$642.87K | -35.06% |
| 2002-06-30 | AU$990.00K | +62.11% |
| 2001-06-30 | AU$610.68K | -18.22% |
| 2000-06-30 | AU$746.77K | -3.97% |
| 1999-06-30 | AU$777.68K | -14.91% |
| 1998-06-30 | AU$913.90K | -19.22% |
| 1997-06-30 | AU$1.13 Million | +43.08% |
| 1996-06-30 | AU$790.72K | -23.82% |
| 1995-06-30 | AU$1.04 Million | -43.77% |
| 1994-06-30 | AU$1.85 Million | +223.86% |
| 1993-06-30 | AU$570.00K | -3.72% |
| 1992-06-30 | AU$592.00K | -39.09% |
| 1991-06-30 | AU$972.00K | -41.41% |
| 1990-06-30 | AU$1.66 Million | -0.60% |
| 1989-06-30 | AU$1.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Variscan Mines Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2767241500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$40.63 Million | 373.48% |
| Other Comprehensive Income | AU$-1.99 Million | -18.30% |
| Total Equity | AU$10.88 Million | 100.00% |
Variscan Mines Ltd Competitors by Market Cap
The table below lists competitors of Variscan Mines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AnalytixInsight Inc
PINK:ATIXF
|
$1.75 Million |
|
Kalo Gold Holdings Corp
OTCQB:KLGDF
|
$1.75 Million |
|
Plascar Participações Industriais S.A
SA:PLAS3
|
$1.75 Million |
|
Morningstar US Mid Cap PR USD
PINK:MMCP
|
$1.75 Million |
|
Aro Granite Industries Limited
NSE:AROGRANITE
|
$1.75 Million |
|
DRAGO ENTERTAINM. ZY -10
F:65M
|
$1.75 Million |
|
Labrador Iron Mines Holdings Limited
PINK:LBRMF
|
$1.75 Million |
|
Fastator AB
ST:FASTAT
|
$1.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Variscan Mines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,323,802 to 10,877,843, a change of 1,554,041 (16.7%).
- Net loss of 920,387 reduced equity.
- Share repurchases of 234,684 reduced equity.
- New share issuances of 2,367,335 increased equity.
- Other comprehensive income decreased equity by 2,293,004.
- Other factors increased equity by 2,634,781.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-920.39K | -8.46% |
| Share Repurchases | AU$234.68K | -2.16% |
| Share Issuances | AU$2.37 Million | +21.76% |
| Other Comprehensive Income | AU$-2.29 Million | -21.08% |
| Other Changes | AU$2.63 Million | +24.22% |
| Total Change | AU$- | 16.67% |
Book Value vs Market Value Analysis
This analysis compares Variscan Mines Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.42x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.01x to 0.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$1.02 | AU$0.01 | x |
| 1990-06-30 | AU$1.01 | AU$0.01 | x |
| 1991-06-30 | AU$0.59 | AU$0.01 | x |
| 1992-06-30 | AU$0.02 | AU$0.01 | x |
| 1993-06-30 | AU$0.02 | AU$0.01 | x |
| 1994-06-30 | AU$0.05 | AU$0.01 | x |
| 1995-06-30 | AU$0.02 | AU$0.01 | x |
| 1996-06-30 | AU$0.02 | AU$0.01 | x |
| 1997-06-30 | AU$0.02 | AU$0.01 | x |
| 1998-06-30 | AU$0.01 | AU$0.01 | x |
| 1999-06-30 | AU$0.01 | AU$0.01 | x |
| 2000-06-30 | AU$0.01 | AU$0.01 | x |
| 2001-06-30 | AU$0.01 | AU$0.01 | x |
| 2002-06-30 | AU$0.01 | AU$0.01 | x |
| 2003-06-30 | AU$0.01 | AU$0.01 | x |
| 2004-06-30 | AU$0.01 | AU$0.01 | x |
| 2005-06-30 | AU$0.01 | AU$0.01 | x |
| 2006-06-30 | AU$0.01 | AU$0.01 | x |
| 2007-06-30 | AU$0.09 | AU$0.01 | x |
| 2008-06-30 | AU$0.10 | AU$0.01 | x |
| 2009-06-30 | AU$0.05 | AU$0.01 | x |
| 2010-06-30 | AU$0.04 | AU$0.01 | x |
| 2011-06-30 | AU$0.06 | AU$0.01 | x |
| 2012-06-30 | AU$0.05 | AU$0.01 | x |
| 2013-06-30 | AU$0.04 | AU$0.01 | x |
| 2014-06-30 | AU$868.39 | AU$0.01 | x |
| 2015-06-30 | AU$589.04 | AU$0.01 | x |
| 2016-06-30 | AU$478.19 | AU$0.01 | x |
| 2017-06-30 | AU$245.20 | AU$0.01 | x |
| 2018-06-30 | AU$58.64 | AU$0.01 | x |
| 2019-06-30 | AU$0.02 | AU$0.01 | x |
| 2020-06-30 | AU$0.04 | AU$0.01 | x |
| 2021-06-30 | AU$0.04 | AU$0.01 | x |
| 2022-06-30 | AU$0.03 | AU$0.01 | x |
| 2023-06-30 | AU$0.03 | AU$0.01 | x |
| 2024-06-30 | AU$0.03 | AU$0.01 | x |
| 2025-06-30 | AU$0.02 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Variscan Mines Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12890.57%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-8.46%) is above the historical average (-24.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -0.12% | 0.00% | 0.00x | 1.01x | AU$-168.90K |
| 1990 | -0.60% | 0.00% | 0.00x | 1.01x | AU$-175.90K |
| 1991 | -70.68% | 0.00% | 0.00x | 1.01x | AU$-784.20K |
| 1992 | -64.19% | 0.00% | 0.00x | 1.08x | AU$-439.20K |
| 1993 | -34.56% | 0.00% | 0.00x | 1.10x | AU$-254.00K |
| 1994 | -17.93% | 0.00% | 0.00x | 1.01x | AU$-515.60K |
| 1995 | -77.94% | 0.00% | 0.00x | 1.05x | AU$-912.80K |
| 1996 | -31.44% | 0.00% | 0.00x | 1.05x | AU$-327.69K |
| 1997 | -50.57% | 0.00% | 0.00x | 1.07x | AU$-685.30K |
| 1998 | -54.10% | 0.00% | 0.00x | 1.03x | AU$-585.82K |
| 1999 | -57.45% | 0.00% | 0.00x | 1.04x | AU$-524.54K |
| 2000 | -60.45% | -6448.70% | 0.01x | 1.05x | AU$-526.09K |
| 2001 | -52.58% | -439.86% | 0.07x | 1.82x | AU$-382.17K |
| 2002 | -29.14% | -253.05% | 0.08x | 1.48x | AU$-387.48K |
| 2003 | -54.00% | -264.98% | 0.11x | 1.83x | AU$-411.41K |
| 2005 | -39.37% | -130.01% | 0.29x | 1.05x | AU$-472.79K |
| 2006 | -43.02% | -826.70% | 0.05x | 1.04x | AU$-652.07K |
| 2007 | 10.30% | 2197.39% | 0.00x | 1.14x | AU$40.40K |
| 2008 | 14.29% | 54.41% | 0.22x | 1.17x | AU$671.33K |
| 2009 | -80.09% | -901.59% | 0.09x | 1.03x | AU$-6.41 Million |
| 2010 | 3.31% | 19.58% | 0.12x | 1.40x | AU$-785.85K |
| 2011 | 19.90% | 44.23% | 0.31x | 1.44x | AU$1.73 Million |
| 2012 | 15.23% | 30.45% | 0.34x | 1.47x | AU$810.78K |
| 2013 | -71.99% | -315540.66% | 0.00x | 1.90x | AU$-8.22 Million |
| 2014 | -0.08% | -287.82% | 0.00x | 1.07x | AU$-768.17K |
| 2015 | -0.03% | -58.15% | 0.00x | 1.12x | AU$-580.67K |
| 2016 | -0.02% | -61.01% | 0.00x | 1.09x | AU$-851.49K |
| 2017 | -0.02% | -747.80% | 0.00x | 1.13x | AU$-683.70K |
| 2018 | -0.06% | -907.56% | 0.00x | 1.46x | AU$-212.64K |
| 2019 | -0.09% | -34604.62% | 0.00x | 1.09x | AU$-126.10K |
| 2020 | -20.73% | -67718.64% | 0.00x | 1.08x | AU$-1.70 Million |
| 2021 | -7.38% | -11204.80% | 0.00x | 1.03x | AU$-1.61 Million |
| 2022 | -9.44% | -142595.00% | 0.00x | 1.03x | AU$-1.70 Million |
| 2023 | -9.45% | -9299.48% | 0.00x | 1.03x | AU$-1.82 Million |
| 2024 | -6.97% | -60603.08% | 0.00x | 1.05x | AU$-1.58 Million |
| 2025 | -8.46% | -12890.57% | 0.00x | 1.05x | AU$-2.01 Million |
Industry Comparison
This section compares Variscan Mines Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $18,826,689
- Average return on equity (ROE) among peers: -37.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Variscan Mines Ltd (VAR) | AU$10.88 Million | -0.12% | 0.05x | $1.75 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.03K |
| Morella Corporation Ltd (1MC) | $64.99 Million | -144.24% | 4.26x | $2.93 Million |
| 6K Additive Inc (6KA) | $62.92 Million | -28.47% | 0.10x | $24.39 Million |
| Atlantic Lithium Ltd (A11) | $15.58 Million | -14.80% | 0.03x | $91.16 Million |
| African Gold Ltd (A1G) | $10.30 Million | -17.56% | 0.09x | $169.49 Million |
| Albright Metals Ltd (ABR) | $7.74 Million | -10.47% | 0.03x | $949.11K |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $1.74 Million | -130.20% | 4.99x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $939.49K |
| Admiralty Resources NL (ADY) | $6.66 Million | 0.00% | 0.34x | $5.70 Million |