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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in U.S. Dollars) (Prepared by Management) (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Feb. 28, 2013
Feb. 29, 2012
SALES $ 14,227,824 $ 11,751,797 $ 23,524,229 $ 18,992,407
COST OF SALES 11,788,155 9,660,496 19,093,554 15,434,911
GROSS PROFIT 2,439,669 2,091,301 4,430,675 3,557,496
OPERATING EXPENSES        
Selling, general and administrative expenses 468,162 460,595 803,982 888,944
Depreciation and amortization 64,202 64,297 121,696 125,495
Wages and employee benefits 928,246 893,973 1,753,553 1,707,686
Total operating expenses 1,460,610 1,418,865 2,679,231 2,722,125
Income from operations 979,059 672,436 1,751,444 835,371
OTHER ITEMS        
Gain on sale of property, plant and equipment 353,852   353,852  
Interest and other income 6,605   23,315  
Interest expense (400) [1] 16,203 [1] (400) [1]    [1]
Litigation reserves    [1] 1,443,629 [1]    [1] 1,443,629 [1]
Total non-operating expenses 360,057 1,459,832 376,767 1,443,629
Income before income taxes 1,339,116 2,132,268 2,128,211 2,279,000
Income tax expense (548,485) (844,494) (856,834) (927,193)
Net income $ 790,631 $ 1,287,774 $ 1,271,377 $ 1,351,807
Basic earnings per common share $ 0.50 $ 0.71 $ 0.81 $ 0.73
Diluted earnings per common share $ 0.50 $ 0.71 $ 0.81 $ 0.73
Weighted average number of common shares outstanding: Basic 1,567,930 1,823,423 1,567,951 1,861,819
Weighted average number of common shares outstanding: Diluted 1,567,930 1,823,423 1,567,951 1,861,819
[1] Note 12a