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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Feb. 29, 2016
Feb. 28, 2015
Income statement        
SALES $ 11,188,133 $ 9,483,404 $ 23,129,641 $ 17,466,021
COST OF SALES 9,152,554 7,581,284 18,714,207 13,693,878
GROSS PROFIT 2,035,579 1,902,120 4,415,434 3,772,143
OPERATING EXPENSES        
Selling, general and administrative expenses 531,423 511,375 1,074,216 972,823
Depreciation and amortization 68,470 70,600 143,983 139,683
Wages and employee benefits 1,095,069 853,441 1,971,414 1,663,034
Total operating expenses 1,694,962 1,435,416 3,189,613 2,775,540
Income from operations 340,617 466,704 1,225,821 996,603
OTHER ITEMS        
Gain on sale of property, plant and equipment 5,600   5,600  
Interest and other income 1,800 7,188 10,534 14,083
Litigation expense [1] (115,990)   (115,990)  
Total other items (108,590) 7,188 (99,856) 14,083
Income before income taxes 232,027 473,892 1,125,965 1,010,686
Income tax expense (100,067) (190,332) (461,760) (399,339)
Net income $ 131,960 $ 283,560 $ 664,205 $ 611,347
Basic earnings per common share $ 0.05 $ 0.11 $ 0.27 $ 0.23
Diluted earnings per common share $ 0.05 $ 0.11 $ 0.27 $ 0.23
Weighted average number of common shares outstanding: Basic 2,476,832 2,585,661 2,476,832 2,637,587
Weighted average number of common shares outstanding: Diluted 2,476,832 2,585,661 2,476,832 2,637,587
[1] Note 12(a)