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2. Significant Accounting Policies: Earnings Per Share (Policies)

3 Months Ended

Nov. 30, 2013

Earnings per share

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding in the period. Diluted earnings per common share takes into consideration common shares outstanding (computed under basic earnings per share) and potentially dilutive common shares.

The earnings per share data for the three months ended November 30, 2013 and November 30, 2012 are as follows:

	2013	2012

Net income	$ 332,579	$ 480,746

Basic weighted average number of common shares outstanding	3,134,936	3,135,942

Effect of dilutive securities
Stock options	0	0

Diluted weighted average number of common shares outstanding	3,134,936	3,135,942

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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