| Income Statement for Caledonia Mining Corp. (CALVF) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 10,108 | 11,662 | 2,272 | 701 | 501 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (9,812) | (7,435) | (6,808) | (5,376) | (2,883) | | Gross Operating Profit | 296 | 4,227 | (4,536) | (4,675) | (2,382) | | | Selling/General/Admin Expense | (2,138) | (1,723) | (2,581) | (1,653) | (991) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | (1,842) | 2,504 | (7,117) | (6,328) | (3,373) | | Depreciation & Amortization | (18) | (34) | (1,069) | (667) | (335) | | EBIT | (1,860) | 2,470 | (8,186) | (6,995) | (3,708) | | Interest Income | - | - | 49 | - | - | | Other Income, Net | (1,002) | 123 | (46) | (301) | 52 | | Total Income Avail For Interest Expense | (3,617) | 2,593 | (8,314) | (8,181) | (11,232) | | Interest Expense | (311) | (46) | (11) | (146) | (99) | | Pre-Tax Income | (3,928) | 2,547 | (8,325) | (8,327) | (11,331) | | Income Taxes | (5) | (560) | - | - | - | | Minority Interest | - | - | - | 11 | 29 | | Net Income from Continuing Operations | (3,933) | 1,987 | (8,324) | (8,316) | (11,300) | | Net Income from Discontinued Operations | (714) | (6,687) | - | - | - | | Net Income from Total Operations | (4,647) | (4,700) | (8,324) | (8,316) | (11,300) | | | Normalized Income | (3,178) | 1,987 | (8,193) | (7,431) | (3,724) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (755) | - | (131) | (885) | (7,576) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (4,647) | (4,700) | (8,324) | (8,316) | (11,300) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.01 | 0.00 | -0.03 | -0.03 | -0.05 | | Basic EPS from Discontinued Operations | -0.01 | -0.02 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.02 | -0.02 | -0.03 | -0.03 | -0.05 | | | Diluted EPS from Continuing Operations | -0.01 | 0.00 | -0.03 | -0.03 | -0.05 | | Diluted EPS from Discontinued Operations | -0.01 | -0.02 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.02 | -0.02 | -0.03 | -0.03 | -0.05 | | | |
