XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Feb. 28, 2014
Feb. 28, 2013
Income statement        
SALES $ 9,732,649 $ 14,227,824 $ 17,738,930 $ 23,524,229
COST OF SALES 7,974,979 11,788,155 14,131,481 19,093,554
GROSS PROFIT 1,757,670 2,439,669 3,607,449 4,430,675
OPERATING EXPENSES        
Selling, general and administrative expenses 446,900 468,162 838,786 803,982
Depreciation and amortization 69,531 64,202 139,550 121,696
Wages and employee benefits 832,421 928,246 1,676,371 1,753,553
Total operation expenses 1,348,852 1,460,610 2,654,707 2,679,231
Income from operations 408,818 979,059 952,742 1,751,444
OTHER ITEMS        
Gain on sale of property, plant and equipment   353,852 4,109 353,852
Interest and other income 6,612 6,605 13,273 23,315
Interest expense   (400)   (400)
Total other items 6,612 360,057 17,382 376,767
Income before income taxes 415,430 1,339,116 970,124 2,128,211
Income tax expense (178,032) (548,485) (400,147) (856,834)
Net income $ 237,398 $ 790,631 $ 569,977 $ 1,271,377
Basic earnings per common share $ 0.08 $ 0.25 $ 0.18 $ 0.41
Diluted earnings per common share $ 0.08 $ 0.25 $ 0.18 $ 0.41
Weighted average number of common shares outstanding Basic 3,129,764 3,135,860 3,132,365 3,135,902
Weighted average number of common shares outstanding Diluted 3,129,764 3,135,860 3,132,365 3,135,902