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Economic and Financial dependence (note 2)
Commitments and Contingencies (note 14)
The accompanying notes are an integral part of these consolidated financial statements.
Approved by the Board:
Director: Signed "William Polley" Director: Signed "Kelly Ambrose" ---------------------------- ---------------------------- William Polley Kelly E. AmbroseAdvantex Marketing International Inc.Consolidated Statements of Income and Comprehensive IncomeFor the three and six months ended December 31, 2012 and December 31, 2011 - (unaudited)(expressed in Canadian dollars) For the three months For the six months ended December 31 ended December 31---------------------------------------------------------------------------- 2012 2011 2012 2011---------------------------------------------------------------------------- $ $ $ $----------------------------------------------------------------------------Revenues 4,427,976 4,234,322 8,831,393 8,069,429----------------------------------------------------------------------------Direct expenses 1,415,995 1,168,283 2,792,024 2,212,476--------------------------------------------------------------------------------------------------------------------------------------------------------Operating Expenses----------------------------------------------------------------------------Selling and marketing 977,914 925,084 1,887,751 1,701,413----------------------------------------------------------------------------General and administrative 1,007,794 1,140,546 2,085,642 2,178,638----------------------------------------------------------------------------Earnings from operations before amortization and interest 1,026,273 1,000,409 2,065,976 1,976,902--------------------------------------------------------------------------------------------------------------------------------------------------------Write-off of investment 100,000 - 100,000 -----------------------------------------------------------------------------Depreciation of property, plant and equipment, and intangibles 138,206 102,001 246,120 194,403----------------------------------------------------------------------------Interest expense:----------------------------------------------------------------------------Stated interest expense - loan payable, and debentures 514,079 517,890 1,030,675 1,008,724----------------------------------------------------------------------------Non-cash interest expense on loan payable, and debentures 149,991 133,658 291,280 265,662--------------------------------------------------------------------------------------------------------------------------------------------------------Net income and Comprehensive income 123,997 246,860 397,901 508,113--------------------------------------------------------------------------------------------------------------------------------------------------------Earnings per share---------------------------------------------------------------------------- Basic and Diluted (note 15) 0.00 0.00 0.00 0.00----------------------------------------------------------------------------



