Date: Thu, 18 Dec 1997 06:30:16 GMT Server: Stronghold/2.0.1 Apache/1.2.0 Connection: close Content-Type: text/html BIG ROCK BREWERY: Financial Statements

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Financial Statements

Big Rock Brewery Ltd.

 

STATEMENT OF INCOME AND RETAINED EARNINGS

Years ended March 31				   1996		     1995	
         						    $		      $	
         						__________	  __________
         			                        (Denominated in Canadian Dollars)
          
          

Revenue

Sales						21,957,456	  21,972,929
         Government taxes and commissions	       (8,282,244)	 (8,258,269)	
         						__________	  __________	
         						13,675,212	  13,714,660
         Cost of sales					 6,816,262	   6,079,808	
         						__________	  __________
         Gross profit					 6,858,950	   7,634,852	
         						__________	  __________
          
          
          

Expenses

Selling, general and administrative 		 3,951,819	   3,942,690
         Amortization					   681,025	     405,451
         Interest on long-term debt [note 4]		   108,737	      43,249
         (Gain) loss on disposal of capital assets 	  (22,554)	     441,130	
         						__________	  __________	
         						 4,719,027	   4,832,520	
         						__________	  __________
         Income before income taxes                       2,139,923         2,802,332
         Income taxes [note 9]				   836,000 	   1,060,000	
         						__________	  __________
         Net income for year				 1,303,923	   1,742,332	
         Retained earnings, beginning of year             4,795,418	   3,053,086	
         						__________	  __________
         Retained earnings, end of year                   6,099,341         4,795,418	
         						__________	  __________	
         						__________	  __________
         Earnings per share [note 10]
         Basic						      0.30		0.40
         Fully diluted					      0.30		0.39	
         						__________	  __________	
         						__________	  __________
          
          

This Annual Report
Financial Highlights | Report to Shareholders
Management Discussion and Analysis | Auditors' Report
Financial Statements and Notes | Corporate Information


Big Rock Brewery
5555 76th Ave S.E., Calgary, Alberta, Canada, Phone: 403-720-3239, Fax: 403-236-7523
ale@bigrockbeer.com

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