Critically analyze 3 years financial statements of comprehensive income and financial position discussing important aspects of the company like ROA, EPS, Revenue, Debt structure, equity structure, assets, current ratio etc.

Reference:

2017

2018

2019

CHATHAM ROCK PHOSPHATE LIMITED Condensed Consolidated Balance Sheets (Expressed in Canadian dollars) (Unaudited) June 30 Notes 2017 March 31, 2017 Assets $ Current assets: Cash and cash equivalents Accounts receivable and prepaid expenses Current tax assets Other current assets (including restricted cash) $ 779,042 29,418 9,325 659,006 1,476,791 762,672 103,541 7,573 556,450 1,430,236 5 Non-current assets: Property, plant and equipment NZX Bond Mineral property interest 290 14,258 4,401,385 4,415,934 285 13,992 4,244,497 4,258,774 Total assets $ 5,892,725 $ 5,689,010 Liabilities and Shareholders' Equity Current liabilities: Trade and other payables 7 $ $ 1,270,485 1,270,485 1,304,155 1,304,155 Total liabilities 1,270,485 1,304,155 8 Shareholders' equity: Share capital Currency translation reserve Deficit Total shareholders' equity 32,902,075 177,559 (28,457,394) 4,622,240 32,426,568 97,334 (28,139,047) 4,384,855 Total liabilities and shareholders' equity $ 5,892.725 $ 5,689,010 Going concern (note 1) Contingencies (note 16) The accompanying notes form an integral part of these consolidated financial statements. Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Expressed in Canadian dollars) (Unaudited) For the three months ended June 30, 2017 and 2016 Notes 2017 2016 Revenue 6,852 6,852 1,418 1,418 11 12 (313,182) Finance income Net finance income/(expense) General and administrative expenses Depreciation Exploration costs Marine Consent Application costs Profit/(loss) before income tax (continuing operations) Income tax expense Net (loss profit for the period from continuing operations (224,684) (127) (2,404) (2,051) (227,848) (12,017) (318,347) (318,347) (227,848) Total comprehensive (lossyprofit for the period $ (318,347) $ (227,848) Basic shareholders' loss per share (Canadian cents) (2.30) $ (0.04) Diluted shareholders' loss per share (Canadian cents) (2.04) $ (0.04) Weighted average number of common shares outstanding 13,822,606 604,911,826 The accompanying notes form an integral part of these consolidated financial statements. CHATHAM ROCK PHOSPHATE LIMITED Consolidated Balance Sheet (Expressed in Canadian dollars) March 31, Notes 2018 March 31, 2017 Assets $ $ Current assets: Cash and cash equivalents Accounts receivable and other receivables Current tax assets Other current assets 81,484 12,631 9,973 169,271 273,359 762,672 103,541 7,573 556,450 1,430,236 5 Non-current assets: Property, plant and equipment NZX Bond Mineral property interest 106 13,962 4,552,204 4,566,272 285 13,992 4,244,497 4,258,774 6 Total assets $ 4,839,631 $ 5,689,010 Liabilities and Shareholders' Equity Current liabilities: Trade and other payables 7 $ $ 263,229 263,229 1,304,155 1,304,155 263,229 1,304,155 Total liabilities Shareholders' equity Share capital Currency translation reserve Deficit Total shareholders' equity B 33,843,499 99,955 (29,367,052) 4,576,402 32,426,568 97,334 (28,139,047) 4,384,855 $ 5,689,010 Total liabilities and shareholders' equity $ 4,839,631 Going concern (note 1) Commitments and contingencies (note 19) The accompanying notes form an integral part of these consolidated financial statements. CHATHAM ROCK PHOSPHATE LIMITED Consolidated Statements of Operations and Comprehensive (Loss) Income (Expressed in Canadian dollars) For the year ended March 31, 2018 and 2017 Notes 2018 2017 Revenue $ 4,585 $ Finance income Finance expense Net finance income (expense) 7,650 (50.469) (42,819) 8,216 (2.809) 11 5,407 Expenses 12 General and administrative expenses Depreciation Exploration costs Marine Consent Application costs Profit/(loss) before income tax (continuing operations) (1,102,537) (176) (10,230) (76,828) (1,228,005) (1.488,192) (531) (2,513) (150,721) (1,636,550) Income tax expense Net (lossyprofit for the period from continuing operations (1,228,005) (1.636,550) Total comprehensive (lossyprofit for the period S(1,228,005) $ (1.636,550) Basic shareholders' loss per share (Canadian cents) (7.93) (0.24) Diluted shareholders' loss per share (Canadian cents) (7.93) (0.24) Weighted average number of common shares outstanding 15,486,362 753,037,211 The accompanying notes form an integral part of these consolidated financial statements. CHATHAM ROCK PHOSPHATE LIMITED Consolidated Balance Sheet (Expressed in Canadian dollars) June 30, 2019 March 31, 2019 Notes Assets $ S Current assets: Cash and cash equivalents Accounts receivable and other receivables Current tax assets Other current assets 276,711 13,629 243,615 57,880 2,113 81,464 385,072 5 30,675 321,015 Non-current assets: Property, plant and equipment NZX Bond Mineral property interest 100 13,152 4,530,989 4,544,241 104 13,668 4,680,435 4,694,207 6 Total assets $ 4,865,256 $ 5,079,279 Liabilities and Shareholders' Equity Current liabilities: Trade and other payables 7 $ $ 39,787 39,787 82,492 82,492 Total liabilities 39,787 82.492 8 Shareholders' equity: Share capital Employee share option reserve Accumulated deficit Total shareholders' equity 35,241,168 230,787 (30,646,486) 4,825,469 35,068,781 230,787 (30,302,781) 4,996,787 Total liabilities and shareholders' equity $ 4,865,256 $ 5,079,279 Going concern (note 1) Commitments and contingencies (note 17) The accompanying notes form an integral part of these consolidated financial statements. CHATHAM ROCK PHOSPHATE LIMITED Consolidated Statements of Operations and Comprehensive (Loss) Income (Expressed in Canadian dollars) For the three months ended June 30, 2019 and 2018 Notes 2019 2018 Revenue S 1,329 $ 1,363 413 Finance income Finance expense Net finance income (expense) (1,374) (1,374) 11 413 Expenses 12 (155,302) General and administrative expenses Marine Consent Application costs Profit/(loss) before income tax (continuing operations) (176,055) 4,434 (171,632) (153,560) Income tax expense $(153,560) S (171,632) Net (loss)profit for the period from continuing operations Other Comprehensive Income Foreign currency translation Total comprehensive (loss profit for the period (190,145) (104.522) $ (343,705) S (276,154) Basic shareholders' loss per share (Canadian cents) (0.61) (0.95) Diluted shareholders' loss per share (Canadian cents) (0.61) (0.95) Weighted average number of common shares outstanding 25,314,081 18,118,581 The accompanying notes form an integral part of these consolidated financial statements