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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Details    
SALES $ 57,501,543 $ 44,945,263
COST OF SALES 43,354,897 32,472,080
GROSS PROFIT 14,146,646 12,473,183
OPERATING EXPENSES    
Selling, general and administrative 3,204,945 2,502,989
Depreciation and amortization 244,279 217,712
Wages and employee benefits 6,957,730 5,894,346
Operating Expenses 10,406,954 8,615,047
Income from operations 3,739,692 3,858,136
OTHER ITEMS    
Gain on sale of property, plant and equipment 0 6,600
Gain on extinguishment of debt (Note 8) 687,387 0
Interest and other income (2,871) 24,420
Other Income 684,516 31,020
Income before income taxes 4,424,208 3,889,156
Income taxes (note 6)    
Current [1] 949,262 1,068,883
Deferred (recovery) [1] 19,993 35,748
Net income for the year $ 3,454,953 $ 2,784,525
Basic earnings per common share $ 0.99 $ 0.77
Diluted earnings per common share $ 0.99 $ 0.77
Basic 3,486,537 3,623,413
Diluted 3,486,537 3,623,413
[1] IS1