| Income Statement for Willamette Valley Vineyards Inc. (WVVI) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 16,711 | 14,916 | 13,668 | 9,387 | 7,302 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (7,854) | (7,422) | (6,726) | (4,169) | (3,114) | | Gross Operating Profit | 8,857 | 7,494 | 6,942 | 5,218 | 4,188 | | | Selling/General/Admin Expense | (5,554) | (4,678) | (4,385) | (3,569) | (3,018) | | Research & Development | - | - | - | - | - | | EBITDA | 3,303 | 2,816 | 2,557 | 1,648 | 1,170 | | Depreciation & Amortization | (577) | (542) | (556) | (637) | (714) | | EBIT | 2,726 | 2,274 | 2,000 | 1,012 | 456 | | Interest Income | 80 | 60 | 1 | 5 | 5 | | Other Income, Net | 23 | 17 | 17 | 98 | 123 | | Total Income Avail For Interest Expense | 2,829 | 2,351 | 2,019 | 1,114 | 584 | | Interest Expense | (108) | (170) | (234) | (305) | (341) | | Pre-Tax Income | 2,721 | 2,181 | 1,785 | 809 | 242 | | Income Taxes | (1,034) | (890) | (628) | (345) | (104) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 1,687 | 1,292 | 1,157 | 464 | 138 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 1,687 | 1,292 | 1,157 | 464 | 138 | | | Normalized Income | 1,687 | 1,292 | 1,157 | 464 | 138 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 1,687 | 1,292 | 1,157 | 464 | 138 | | | 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 | 0.35 | 0.27 | 0.26 | 0.10 | 0.03 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.35 | 0.27 | 0.26 | 0.10 | 0.03 | | | Diluted EPS from Continuing Operations | 0.34 | 0.26 | 0.25 | 0.10 | 0.03 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.34 | 0.26 | 0.25 | 0.10 | 0.03 | | | |
