INTERMAP TECHNOLOGIES CORPORATION
Consolidated Statements of Profit and Loss and Other Comprehensive Income
UNAUDITED
(In thousands of United States dollars, except per share information)
|
For the years ended December 31, |
|
2016 |
2015 | |||
|
|
|
|
| |||
|
Revenue |
|
$ |
7,049 |
$ |
8,642 | |
|
|
|
|
| |||
|
Expenses: |
|
|
| |||
|
|
Operating costs |
|
14,781 |
16,860 | ||
|
|
Depreciation of property and equipment |
|
837 |
974 | ||
|
|
Amortization of intangible assets |
|
- |
13 | ||
|
|
|
|
15,618 |
17,847 | ||
|
|
|
|
|
| ||
|
Operating loss |
|
(8,569) |
(9,205) | |||
|
|
|
|
| |||
|
Restructuring costs |
|
(941) |
- | |||
|
Gain on disposal of equipment |
|
- |
94 | |||
|
Change in fair value of derivative instruments |
|
1,948 |
(2,572) | |||
|
Financing costs |
|
(10,069) |
(6,661) | |||
|
Financing income |
|
7 |
8 | |||
|
(Loss) gain on foreign currency translation |
|
(105) |
136 | |||
|
Loss before income taxes |
|
(17,729) |
(18,200) | |||
|
|
|
|
| |||
|
Income tax expense: |
|
|
| |||
|
|
Current |
|
(14) |
(27) | ||
|
|
Deferred |
|
- |
73 | ||
|
|
|
|
(14) |
46 | ||
|
|
|
|
|
| ||
|
Net loss for the period |
|
$ |
(17,743) |
$ |
(18,154) | |
|
|
|
|
| |||
|
Other comprehensive loss: |
|
|
| |||
|
|
|
|
| |||
|
Items that are or may be reclassified subsequently to profit or loss: |
|
| ||||
|
|
Foreign currency translation differences |
|
(44) |
(45) | ||
|
|
|
|
| |||
|
Comprehensive loss for the period |
|
$ |
(17,787) |
$ |
(18,199) | |
|
|
|
|
| |||
|
Basic and diluted loss per share |
|
$ |
(0.18) |
$ |
(0.19) | |
|
|
|
|
| |||
|
Weighted average number of Class A common |
|
|
| |||
|
|
shares - basic & diluted |
|
100,878,954 |
96,102,755 | ||
