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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. 28, 2018
Feb. 28, 2017
Feb. 28, 2018
Feb. 28, 2017
Income statement        
SALES $ 13,341,338 $ 9,499,286 $ 22,755,308 $ 19,921,089
COST OF SALES 10,705,532 7,370,224 17,932,754 15,397,585
GROSS PROFIT 2,635,806 2,129,062 4,822,554 4,523,504
OPERATING EXPENSES        
Selling, general and administrative expenses 616,074 453,668 1,061,951 1,004,717
Depreciation and amortization 122,745 69,368 195,410 138,007
Wages and employee benefits 1,176,743 1,057,792 2,274,647 2,040,041
Total operating expenses 1,915,562 1,580,828 3,532,008 3,182,765
Income from operations 720,244 548,234 1,290,546 1,340,739
OTHER ITEMS        
(Loss) gain on sale of property, plant and equipment 530 (393) (27,022) (393)
Interest and other income 5,793 2,000 8,483 3,820
Total other items 6,323 1,607 (18,539) 3,427
Income before income taxes 726,567 549,841 1,272,007 1,344,166
Income tax expense (218,269) (240,828) (441,276) (549,233)
Net income $ 508,298 $ 309,013 $ 830,731 $ 794,933
Basic earnings per common share $ 0.23 $ 0.14 $ 0.37 $ 0.35
Diluted earnings per common share $ 0.23 $ 0.14 $ 0.37 $ 0.35
Weighted average number of common shares outstanding:        
Basic 2,234,494 2,286,294 2,234,494 2,286,294
Diluted 2,234,494 2,286,294 2,234,494 2,286,294