Date: Thu, 18 Dec 1997 06:32:21 GMT Server: Stronghold/2.0.1 Apache/1.2.0 Connection: close Content-Type: text/html
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|
|
$ |
$ |
|
| |
REVENUE |
|
|
Sales |
24,163,841 |
21,957,456 |
Government taxes and commissions |
(9,039,191) |
(8,282,244) |
|
|
|
|
15,124,650 |
13,675,212 |
Cost of Sales |
7,368,018 |
6,816,262 |
|
|
|
Gross Profit |
7,756,632 |
6,858,950 |
|
|
|
EXPENSES |
|
|
Selling, general and administrative |
4,699,778 |
3,684,851 |
Interest on long-term debt [note 4] |
545,093 |
108,737 |
Amortization |
823,200 |
681,025 |
Bad debt expense |
348,412 |
244,414 |
Writedown of surplus facilities and equipment [note 4] |
500,000 |
-- |
|
|
|
|
6,916,483 |
4,719,027 |
|
|
|
Income before income taxes |
840,149 |
2,139,923 |
Income taxes [note 8] |
325,000 |
836,000 |
|
|
|
Net income for year |
515,149 |
1,303,923 |
|
|
|
Retained earnings, |
6,099,341 |
4,795,418 |
Retained earnings, |
6,614,490 |
6,099,341 |
|
|
|
|
|
|
|
|
|
Earnings per share [note 2] |
|
|
Basic and fully diluted |
0.12 |
0.30 |
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