AME EAST AFRICA LIMITED

• ⚠

  Material uncertainty over going concern

  Although the Group has been successful in the past in raising equity finance, its ability to do so is not completely within its control and the lack of formal binding agreements for the additional funding required indicates the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Although the Group has been successful in the past in raising equity finance, its ability to do so is not completely within its control and the lack of formal binding agreements for the additional funding required indicates the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. AME EAST AFRICA LIMITED · parent
   1. Matilda Minerals Limitada 99.99% · Mozambique · Mining & exploration

Significant events

• “In October 2016 Savannah Resources plc ('Savannah'), the Company and Rio Tinto entered into a Consortium Agreement ('CA'), whereby both Savannah Group and Rio Tinto combined their respective projects in Mozambique to form an unincorporated consortium. On the 1 December 2021 the Company signed a Deed of Termination relating to the CA.”
• “In 2023 the Company was indirectly notified that the Mozambican Tax Authority ('MTA') considers the transaction in scope for capital gains tax and that a tax amount of MZN134,261,677 (~GBP1,680,000) should be paid.”
• “The fact that the Company and the MTA have different opinions in this matter represents the existence of an uncertainty in the tax treatment relating to the Deed of Termination and therefore the Group is required to apply IFRIC 23.”
• “There were no Events After the Reporting Date to report.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -77%

  £147,001 → £33,821

• Net assets

  +121.1%

  -£223,179 → £47,030

• Employees

  —

  Not reported

• Operating profit

  +102.8%

  -£4,038 → £112

• Profit before tax

  +102.8%

  -£4,038 → £112

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers