Blackberry 1999 Annual Report Download - page 24

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Statements of Operations and Retained Earnings
For the years ended February 28, 1999 1998 1997
Revenue $ 70,483 $ 31,118 $ 9,837
Cost of Sales 42,829 21,444 5,681
Gross Profit 27,654 9,674 4,156
Expenses
Research and development net of government
assistance of $5,269 (1998 - $2,041, 1997 - $2,234) 6,524 4,444 2,246
Administration and marketing 9,745 4,076 2,802
Amortization 4,144 2,192 566
20,413 10,712 5,614
Income (Loss) From Operations 7,241 (1,038) (1,458)
Investment Income 5,643 1,963 1,439
Income (Loss) Before Income Taxes 12,884 925 (19)
Provision for Income Taxes (note 7)
Current 3,343 385 55
Deferred – – (118)
3,343 385 (63)
Net Income 9,541 540 44
Retained Earnings, beginning of the year 1,822 1,672 1,628
Capital dividend paid during the year – (390) –
Retained Earnings, end of the year $ 11,363 $ 1,822 $ 1,672
Earnings Per Share –
Basic $ 0.15 $ 0.01 $ 0.00
Fully diluted $ 0.15 $ 0.01 $ 0.00
See accompanying notes.
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