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The above statements should be read in conjunction with the entire interim consolidated financial statements and notes.
They will be available on the Investor Relations section of www.andrewpeller.com or at www.sedar.com.
ANDREW PELLER LIMITEDCondensed Consolidated Statements of EarningsUnauditedThese financial statements have not been reviewed by our auditors-------------------------------------------------------------------------------------------------------------------------------------------------------- For the three months For the nine months ended ended December 31 December 31(in thousands of Canadian 2012 2011 2012 2011 dollars) $ $ $ $----------------------------------------------------------------------------Sales 79,813 76,595 225,557 215,992Cost of goods sold 49,001 45,876 138,416 130,688Amortization of plant and equipment used in production 1,180 1,233 3,527 3,677 -------------------------------------------Gross profit 29,632 29,486 83,614 81,627Selling and administration 18,942 18,861 56,697 55,159Amortization of plant, equipment, and intangibles used in selling and administration 646 688 2,426 2,119Interest 1,288 1,170 3,866 4,201 -------------------------------------------Operating earnings 8,756 8,767 20,625 20,148Net unrealized (gains) losses on derivative financial instruments (683) (117) (1,079) 296Other (income) expenses 214 44 (213) 700 -------------------------------------------Earnings before income taxes 9,225 8,840 21,917 19,152 -------------------------------------------Provision for income taxesCurrent 2,140 1,879 5,089 4,706Deferred 453 652 1,194 841 ------------------------------------------- 2,593 2,531 6,283 5,547 -------------------------------------------Net earnings for the period 6,632 6,309 15,634 13,605Net earnings per shareBasic and diluted Class A shares 0.47 0.46 1.12 0.98 ------------------------------------------- ------------------------------------------- Class B shares 0.42 0.39 0.98 0.85 ------------------------------------------- -------------------------------------------
The above statements should be read in conjunction with the entire interim consolidated financial statements and notes.
They will be available on the Investor Relations section of www.andrewpeller.com or at www.sedar.com.
ANDREW PELLER LIMITEDCondensed Consolidated Statements of Comprehensive IncomeUnauditedThese financial statements have not been reviewed by our auditors-------------------------------------------------------------------------------------------------------------------------------------------------------- For the three For the nine months ended months ended December 31 December 31 2012 2011 2012 2011(in thousands of Canadian dollars) $ $ $ $----------------------------------------------------------------------------Net earnings for the period 6,632 6,309 15,634 13,605Net actuarial losses on post-employment benefit plans (133) (438) (1,941) (2,295)Deferred income taxes 34 114 504 597 -------------------------------Other comprehensive loss for the period (99) (324) (1,437) (1,698) -------------------------------Net comprehensive income for the period 6,533 5,985 14,197 11,907 ------------------------------- -------------------------------
