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FIRAN TECHNOLOGY GROUP CORPORATION
Interim Consolidated Statements of (Loss) Earnings
-------------------------------------------------------------------------------------------------------------------------------------------------------- Three months ended----------------------------------------------------------------------------(unaudited) March 1, March 2,(in thousands of dollars, except per share amounts) 2013 2012--------------------------------------------------------------------------------------------------------------------------------------------------------Sales $ 13,015 $ 13,474----------------------------------------------------------------------------Cost of sales Cost of sales 10,523 10,052 Depreciation of plant and equipment 410 394----------------------------------------------------------------------------Total cost of sales 10,933 10,446----------------------------------------------------------------------------Gross margin 2,082 3,028----------------------------------------------------------------------------Expenses Selling, general and administrative 2,074 2,148 Research and development costs 667 605 Recovery of research and development costs (70) (30) Depreciation/amortization of plant and equipment and intangible assets 38 29 Interest expense on short-term debt 14 21 Interest expense on long-term debt 78 61 Foreign exchange (gain) loss (50) 154----------------------------------------------------------------------------Total expenses 2,751 2,988----------------------------------------------------------------------------(Loss) earnings before income taxes (669) 40Income tax expense 22 2----------------------------------------------------------------------------Net (loss) earnings $ (691) $ 38--------------------------------------------------------------------------------------------------------------------------------------------------------Loss per share Basic $ (0.04) $ - Diluted $ (0.04) $ ---------------------------------------------------------------------------------------------------------------------------------------------------------
FIRAN TECHNOLOGY GROUP CORPORATION
Interim Consolidated Statements of Comprehensive loss
-------------------------------------------------------------------------------------------------------------------------------------------------------- Three months ended----------------------------------------------------------------------------(unaudited) March 1, March 2,(in thousands of dollars) 2013 2012--------------------------------------------------------------------------------------------------------------------------------------------------------Net (loss) earnings $ (691) $ 38----------------------------------------------------------------------------Other comprehensive income (loss) Foreign currency translation adjustments 142 (118) Net unrealized loss on derivative financial instruments designated as cash flow hedges (237) ----------------------------------------------------------------------------- (95) (118)----------------------------------------------------------------------------Total comprehensive loss $ (786) $ (80)--------------------------------------------------------------------------------------------------------------------------------------------------------
