Page 11 - Bahamas Waste inside pages

STATEMENT OF COMPREHENSIVE INCOME
(Expressed in Bahamian Dollars)
BAHAMAS WASTE LIMITED
Year ended December 31
2018 2017
Continuing operations
Income
Sales and services rendered
Less: cost of sales and direct expenses (Note 11)
$
12,629,012 (7,940,748 )
4,688,264
1,595,125 728,401 268,797 195,405 157,312 141,319
72,875 66,900 54,000 41,113 39,060 33,787
3,394,094
1,294,170
112,731 (59,233 ) 53,498
1,347,668 0.34
$ $
$ 11,970,407 (7,772,410 )
Gross profit
4,197,997
Expenses
Salaries and related expenses (Note 16) General and administrative
Repairs and maintenance
Professional fees
Business license
Impairment losses, net (Note 17) Donations
Advertising and promotion Directors’ fees (Note 12)
Office supplies
Interest and bank charges Registration and transfer agent fees
1,448,385 691,930 195,893 250,355 146,026 123,100
48,099 55,518 54,000 36,978 30,067 41,657
Total operating expenses
3,122,008
Income from operations
Other income
Share in net loss of associates (Note 8)
1,075,989
152,723 (87,663 )
Total other income
65,060
Net income and total comprehensive income for the year
$ 1,141,049
Earnings per share (Note 13)
$ 0.29
See accompanying notes to financial statements.
11
BAHAMAS WASTE LIMITED ANNUAL REPORT 2018