INTERMAP TECHNOLOGIES CORPORATION
Consolidated Statements of Profit and Loss and Other Comprehensive Income
(In thousands of United States dollars, except per share information)
For the years ended December 31, |
2015 |
2014 | ||||||||
|
|
| ||||||||
Revenue |
$ |
8,642 |
$ |
8,254 | ||||||
|
|
| ||||||||
Expenses: |
|
| ||||||||
|
Operating costs |
16,860 |
20,718 | |||||||
|
Depreciation of property and equipment |
974 |
1,123 | |||||||
|
Amortization of intangible assets |
13 |
103 | |||||||
|
17,847 |
21,944 | ||||||||
|
|
| ||||||||
Operating loss |
(9,205) |
(13,690) | ||||||||
|
|
| ||||||||
Gain on disposal of equipment |
94 |
456 | ||||||||
Change in fair value of derivative instruments |
(2,572) |
2,035 | ||||||||
Financing costs |
(6,661) |
(2,006) | ||||||||
Financing income |
8 |
15 | ||||||||
Gain on foreign currency translation |
136 |
7 | ||||||||
Loss before income taxes |
(18,200) |
(13,183) | ||||||||
|
|
| ||||||||
Income tax (expense) recovery: |
|
| ||||||||
|
Current |
(27) |
- | |||||||
|
Deferred |
73 |
383 | |||||||
|
46 |
383 | ||||||||
|
|
| ||||||||
Net loss for the period |
$ |
(18,154) |
$ |
(12,800) | ||||||
|
|
| ||||||||
Other comprehensive loss: |
|
| ||||||||
|
|
| ||||||||
Items that are or may be reclassified subsequently to profit or loss: |
|
| ||||||||
|
Foreign currency translation differences |
(45) |
(94) | |||||||
|
|
| ||||||||
Comprehensive loss for the period |
$ |
(18,199) |
$ |
(12,894) | ||||||
|
|
| ||||||||
Basic and diluted loss per share |
$ |
(0.19) |
$ |
(0.14) | ||||||
|
|
| ||||||||
Weighted average number of Class A common |
|
| ||||||||
|
shares - basic & diluted |
96,102,755 |
91,707,540 |