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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Income statement        
SALES $ 14,458,713 $ 13,289,408 $ 37,588,354 $ 30,755,429
COST OF SALES 11,281,973 11,047,607 29,996,180 24,741,485
GROSS PROFIT 3,176,740 2,241,801 7,592,174 6,013,944
OPERATING EXPENSES        
Selling, general and administrative expenses 542,581 465,864 1,616,796 1,438,687
Depreciation and amortization 82,978 71,211 226,961 210,894
Wages and employee benefits 1,046,229 925,386 3,017,643 2,588,420
TOTAL OPERATING EXPENSES (1,671,788) (1,462,461) (4,861,400) (4,238,001)
Income from operations 1,504,952 779,340 2,730,774 1,775,943
OTHER ITEMS        
Gain on sale of property, plant and equipment     5,600  
Interest and other income 2,978 8,534 13,538 22,617
Interest expense   (658) (27) (658)
Litigation expense (Note 12(a))     (115,990)  
TOTAL OTHER ITEMS 2,978 7,876 (96,879) 21,959
Income before income taxes 1,507,930 787,216 2,633,895 1,797,902
Income tax expense (599,200) (326,116) (1,060,960) (725,455)
Net income $ 908,730 $ 461,100 $ 1,572,935 $ 1,072,447
Basic earnings per common share $ 0.37 $ 0.18 $ 0.64 $ 0.41
Diluted earnings per common share $ 0.37 $ 0.18 $ 0.64 $ 0.41
Weighted average number of common shares outstanding: Basic 2,458,170 2,561,702 2,470,566 2,612,199
Weighted average number of common shares outstanding: Diluted 2,458,170 2,561,702 2,470,566 2,612,199