| Income Statement for Terravest Income Fund (TI.UN:CA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Operating Revenue | 229,238 | 271,347 | 198,142 | | Adjustments to Revenue | - | - | - | | Cost of Revenue | (170,661) | (195,610) | (147,836) | | Gross Operating Profit | 58,577 | 75,737 | 50,306 | | | Selling/General/Admin Expense | (38,391) | (42,182) | (26,890) | | Research & Development | - | - | - | | EBITDA | 20,186 | 33,555 | 23,416 | | Depreciation & Amortization | (8,606) | (9,358) | (7,520) | | EBIT | 11,580 | 24,197 | 15,896 | | Interest Income | - | - | - | | Other Income, Net | (1,534) | 464 | 285 | | Total Income Avail For Interest Expense | (26,469) | 5,955 | 16,181 | | Interest Expense | (3,605) | (4,247) | (1,791) | | Pre-Tax Income | (30,074) | 1,708 | 14,390 | | Income Taxes | 7,614 | (618) | (1,269) | | Minority Interest | 2,543 | (1,295) | - | | Net Income from Continuing Operations | (19,917) | (205) | 13,121 | | Net Income from Discontinued Operations | - | - | - | | Net Income from Total Operations | (19,917) | (205) | 13,121 | | | Normalized Income | 16,598 | 18,501 | 13,121 | | Extraordinary Income | - | - | - | | Special Income/Charges | (36,515) | (18,706) | - | | Income from Cum. Effect of Acct Change | - | - | - | | Income from Tax Loss Carryforward | - | - | - | | Other Gains | - | - | - | | Total Net Income | (19,917) | (205) | 13,121 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | | | Dividends Paid Per Share | 0.67 | 1.38 | 0.64 | | Preferred Dividends | - | - | - | | | Basic EPS from Continuing Operations | -1.13 | -0.01 | 0.88 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.13 | -0.01 | 0.88 | | | Diluted EPS from Continuing Operations | -1.13 | -0.01 | 0.88 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.13 | -0.01 | 0.88 | | | |
