| Income Statement for Meridian Gold Inc. (MDG) | | | | | | | Income | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Operating Revenue | 240,000 | 131,800 | 127,100 | 132,611 | 133,595 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (102,700) | (36,900) | (35,600) | (45,291) | (49,453) | | Gross Operating Profit | 137,300 | 94,900 | 91,500 | 87,320 | 84,142 | | | Selling/General/Admin Expense | (22,700) | (13,900) | (10,400) | (9,773) | (8,593) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 114,600 | 81,000 | 81,100 | 77,547 | 75,549 | | Depreciation & Amortization | (28,100) | (15,700) | (18,100) | (21,869) | (22,785) | | EBIT | 86,500 | 65,300 | 63,000 | 55,678 | 52,764 | | Interest Income | 12,200 | 6,900 | 2,600 | 1,428 | 1,846 | | Other Income, Net | 100 | 100 | (2,000) | - | - | | Total Income Avail For Interest Expense | 94,200 | (476,400) | 63,600 | 61,743 | 54,771 | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | 94,200 | (476,400) | 63,600 | 61,743 | 54,771 | | Income Taxes | (45,600) | 130,000 | (27,000) | (24,918) | (13,255) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 48,600 | (346,400) | 36,600 | 36,825 | 41,516 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 48,600 | (346,400) | 36,600 | 36,825 | 41,516 | | | Normalized Income | 53,200 | 202,300 | 36,600 | 32,188 | 41,355 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (4,600) | (548,700) | - | 4,637 | 161 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 48,600 | (346,400) | 36,600 | 36,825 | 41,516 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.48 | -3.47 | 0.37 | 0.37 | 0.48 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.48 | -3.47 | 0.37 | 0.37 | 0.48 | | | Diluted EPS from Continuing Operations | 0.48 | -3.47 | 0.37 | 0.37 | 0.47 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.48 | -3.47 | 0.37 | 0.37 | 0.47 | | | |
