XML 61 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2015
May. 31, 2014
Income statement        
SALES $ 13,289,408 $ 15,335,570 $ 30,755,429 $ 33,074,500
COST OF SALES 11,047,607 12,384,976 24,741,485 26,516,458
GROSS PROFIT 2,241,801 2,950,594 6,013,944 6,558,042
OPERATING EXPENSES        
Selling, general and administrative expenses 465,864 402,013 1,438,687 1,240,800
Depreciation and amortization 71,211 73,145 210,894 212,694
Wages and employee benefits 925,386 922,899 2,588,420 2,599,270
Total operation expenses (1,462,461) (1,398,057) (4,238,001) (4,052,764)
Income from operations 779,340 1,552,537 1,775,943 2,505,278
OTHER ITEMS        
Gain on sale of property, plant and equipment       4,109
Interest and other income 8,534 6,734 22,617 20,008
Interest expense (658)   (658)  
Total other items 7,876 6,734 21,959 24,117
Income before income taxes 787,216 1,559,271 1,797,902 2,529,395
Income tax expense (326,116) (622,942) (725,455) (1,023,089)
Net income $ 461,100 $ 936,329 $ 1,072,447 $ 1,506,306
Basic earnings per common share $ 0.18 $ 0.33 $ 0.41 $ 0.50
Diluted earnings per common share $ 0.18 $ 0.33 $ 0.41 $ 0.50
Weighted average number of common shares outstanding: Basic 2,561,702 2,866,273 2,612,199 3,042,692
Weighted average number of common shares outstanding: Diluted 2,561,702 2,866,273 2,612,199 3,042,692