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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in U.S. Dollars) (Prepared by Management) (Unaudited) (USD $)
3 Months Ended 9 Months Ended
May 31, 2013
May 31, 2012
May 31, 2013
May 31, 2012
Income statement        
SALES $ 15,051,509 $ 16,113,435 $ 38,575,738 $ 35,105,842
COST OF SALES 12,021,388 13,306,308 31,114,942 28,741,219
GROSS PROFIT 3,030,121 2,807,127 7,460,796 6,364,623
OPERATING EXPENSES        
Selling, general and administrative expenses 372,191 233,947 1,176,173 1,122,892
Depreciation and amortization 66,735 61,279 188,431 186,773
Wages and employee benefits 904,687 955,702 2,658,240 2,663,388
Total Operating Expenses 1,343,613 1,250,928 4,022,844 3,973,053
Income from operations 1,686,508 1,556,199 3,437,952 2,391,570
OTHER ITEMS        
Gain on sale of property, plant and equipment     353,852  
Interest and other income 6,734 7,234 30,049 7,234
Interest expense    [1] (743) [1] (400) [1] (743) [1]
Litigation income    [1]    [1]    [1] 1,443,629 [1]
Total Other Items 6,734 6,491 383,501 1,450,120
Income before income taxes 1,693,242 1,562,690 3,821,453 3,841,690
Income tax expense (674,678) (625,600) (1,531,512) (1,552,793)
Net income $ 1,018,564 $ 937,090 $ 2,289,941 $ 2,288,897
Basic earnings per common share $ 0.32 $ 0.29 $ 0.73 $ 0.65
Diluted earnings per common share $ 0.32 $ 0.29 $ 0.73 $ 0.65
Weighted average number of common shares outstanding:        
Basic 3,135,128 3,199,702 3,135,641 3,547,718
Diluted 3,135,128 3,199,702 3,135,641 3,547,718
[1] Note 12 (a)