CLEARLY CANADIAN BEVERAGE CORPORATION |
Proforma Consolidated Statement of Earnings |
(Unaudited) |
(Expressed in thousands of United States dollars, except for share and per share amounts) |
For the three months ended March 31, 2007 and 2006 |
Proforma (Unaudited) | (Unaudited) | |||||
March 31, 2007 | March 31, 2006 | |||||
Sales | $ | 2,557 | $ | 1,702 | ||
Cost of sales | 2,000 | 1,342 | ||||
Gross profit | 557 | 360 | ||||
Expenses: | ||||||
Selling, general and administration expenses | 2,772 | 2,511 | ||||
Amortization of property, plant and equipment | 24 | 32 | ||||
Royalty revenue | - | (59 | ) | |||
Interest income | (63 | ) | - | |||
Other (income) expense | (7 | ) | (32 | ) | ||
Financing costs | - | 65 | ||||
Interest on short-term debt | 5 | 91 | ||||
Interest on long-term debt | 2 | 10 | ||||
Interest on acquisition debt | 33 | - | ||||
Gain on sale of investments | - | (201 | ) | |||
Restructuring | - | (13 | ) | |||
2,766 | 2,404 | |||||
Loss for the period | $ | (2,209 | ) | $ | (2,044 | ) |
Loss per share, basic and diluted | $ | (0.12 | ) | $ | (0.29 | ) |
Weighted average number of shares outstanding | 18,836,629 | 7,072,681 |
See accompanying notes to proforma consolidated financial statements.
CLEARLY CANADIAN BEVERAGE CORPORATION |
Notes to Proforma Consolidated Financial Statements |
(Unaudited) |
(Tabular amounts expressed in thousands of United States dollars, except where indicated) |
Three months ended March 31, 2007 |
1. | Operating Result : |
The proforma include result of operations of DMR Food Corporation, My Organic Baby Inc., Clearly Canadian Beverage Corporation, CC Beverage (US) Corp. Blue Mountain Springs Ltd. and Clearly Canadian Beverage (International) Corp. for the period January 1, 2007 to March 31, 2007. | |
2. | Proforma presentation |
These interim financial statements have been prepared in accordance with accounting principles generally accepted in United States. | |
The accompanying proforma Financial Statements for the three months ended March 31, 2007 have not been reviewed or audited by the Company’s Auditors. |