RE: RE: RE: Q1 Copper Mountain Mining Corporation
Consolidated Statement of Income (Loss) and Comprehensive Income (Loss)
For the three months ended March 31,
Canadian dollars (Unaudited)
The accompanying notes are an integral part of these consolidated financial statements.
Page 3 of 16
2012
$
2011
$
Revenue (note 11) 71,019,733 -
Cost of sales (note 12) 43,675,866 -
Gross profit 27,343,867 -
Other income and expenses
General and administration (note 12) 1,211,984 1,068,046
Share based compensation (note 10) 257,809 1,032,506
Operating income (loss) 25,874,074 (2,100,552)
Finance income 209,079 99,123
Finance expense (note 13) (1,844,513) (3,004)
Foreign exchange gain 5,278,465 5,679,901
Unrealized gain on interest rate swap - 58,426
Income before tax 29,517,105 3,733,894
Income and resource tax expense 674,368 -
Net income and comprehensive income 28,842,737 3,733,894
Net income and comprehensive income attributable to:
Shareholders of the Company 21,234,711 2,284,925
Non-controlling interest 7,608,026 1,448,969
28,842,737 3,733,894
Earnings per share:
Basic 0.21 0.02
Diluted 0.21 0.02
Weighted average shares outstanding 98,481,155 94,175,339
Shares outstanding at end of period 98,504,377 98,001,031