XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) (USD $)
3 Months Ended 9 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
Income statement        
SALES $ 15,335,570 $ 15,051,509 $ 33,074,500 $ 38,575,738
COST OF SALES 12,384,976 12,021,388 26,516,458 31,114,942
GROSS PROFIT 2,950,594 3,030,121 6,558,042 7,460,796
OPERATING EXPENSES        
Selling, general and administrative expenses 402,013 372,191 1,240,800 1,176,173
Depreciation and amortization 73,145 66,735 212,694 188,431
Wages and employee benefits 922,899 904,687 2,599,270 2,658,240
Total operation expenses 1,398,057 1,343,613 4,052,764 4,022,844
Income from operations 1,552,537 1,686,508 2,505,278 3,437,952
OTHER ITEMS        
Gain on sale of property, plant and equipment     4,109 353,852
Interest and other income 6,734 6,734 20,008 30,049
Interest expense       (400)
Total other items 6,734 6,734 24,117 383,501
Income before income taxes 1,559,271 1,693,242 2,529,395 3,821,453
Income tax expense (622,942) (674,678) (1,023,089) (1,531,512)
Net income $ 936,329 $ 1,018,564 $ 1,506,306 $ 2,289,941
Basic earnings per common share $ 0.33 $ 0.32 $ 0.50 $ 0.73
Diluted earnings per common share $ 0.33 $ 0.32 $ 0.50 $ 0.73
Weighted average number of common shares outstanding:Basic 2,866,273 3,135,128 3,042,692 3,135,641
Weighted average number of common shares outstanding:Diluted 2,866,273 3,135,128 3,042,692 3,135,641