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, |
|
2017 |
2016 | |||
|
Revenue |
|
$ |
19,304 |
$ |
7,049 | |
|
|
|
|
|
| ||
|
Expenses: |
|
|
| |||
|
|
Operating costs |
|
16,828 |
14,781 | ||
|
|
Restructuring costs |
|
244 |
941 | ||
|
|
Depreciation of property and equipment |
|
924 |
837 | ||
|
|
|
|
17,996 |
16,559 | ||
|
Operating income (loss) |
|
1,308 |
(9,510) | |||
|
|
|
|
|
| ||
|
Gain on disposal of equipment |
|
3 |
- | |||
|
Change in fair value of derivative instruments |
|
137 |
1,948 | |||
|
Financing costs |
|
(2,538) |
(10,069) | |||
|
Financing income |
|
- |
7 | |||
|
Loss on foreign currency translation |
|
(214) |
(105) | |||
|
Loss before income taxes |
|
(1,304) |
(17,729) | |||
|
|
|
|
|
| ||
|
Income tax expense: |
|
|
| |||
|
|
Current |
|
(51) |
(14) | ||
|
|
Deferred |
|
200 |
2,458 | ||
|
|
|
|
149 |
2,444 | ||
|
Net loss for the period |
$ |
(1,155) |
$ |
(15,285) | ||
|
Other comprehensive loss: |
|
|
| |||
|
|
|
|
|
| ||
|
Items that are or may be reclassified subsequently to profit or loss: |
|
| ||||
|
|
Foreign currency translation differences |
|
3 |
(44) | ||
|
Comprehensive loss for the period |
|
$ |
(1,152) |
$ |
(15,329) | |
|
Basic and diluted loss per share |
|
$ |
(0.08) |
$ |
(1.33) | |
|
|
|
|
|
| ||
|
Weighted average number of Class A common |
|
|
| |||
|
|
shares - basic & diluted |
|
15,182,474 |
11,517,236 | ||
