JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS YEARS ENDED AUGUST 31 - USD ($)		12 Months Ended
		Aug. 31, 2016	Aug. 31, 2015
Income statement
SALES		$ 48,110,998	$ 42,238,151
COST OF SALES		38,374,405	33,821,114
GROSS PROFIT		9,736,593	8,417,037
OPERATING EXPENSES
Selling, general and administrative		1,789,230	1,814,899
Depreciation and amortization		276,268	281,762
Wages and employee benefits		4,055,948	3,396,793
Total operating expenses		6,121,446	5,493,454
Income from operations		3,615,146	2,923,583
OTHER ITEMS
Gain on sale of property, plant and equipment		5,600
Interest and other income		15,164	31,993
Interest expense		(27)
Litigation expense	[1]	(115,990)
Total other items		(95,253)	31,993
Income before income taxes		3,519,893	2,955,576
Income taxes
Current	[2]	1,394,794	1,208,277
Deferred	[2]	(2,947)	(26,672)
Net income for the year		$ 2,125,099	$ 1,773,971
Basic earnings per common share		$ 0.87	$ 0.69
Diluted earnings per common share		$ 0.87	$ 0.69
Weighted average number of common shares outstanding: Basic		2,435,650	2,581,850
Weighted average number of common shares outstanding: Diluted		2,435,650	2,581,850

[1] Note 12(a)

[2] Note 6