| Consolidated
Statements of Income and Retained Earnings |
| Bering
Straits Native Corporation and Subsidiaries |
| Years
Ended March 31, 200 and 1999 |
| __________________________________________________________________________ |
| |
|
2000 |
1999 |
| __________________________________________________________________________ |
|
- |
| Operating
revenues: |
| |
Investment
income (note 3) |
$
563,526 |
709,543 |
| |
Gain
on investment securities (note 3) |
1,820,710 |
391,393 |
| |
Resource
revenues from other regional corporations |
763,450 |
1,232,266 |
| |
Natural
resources |
313,240 |
294,302 |
| |
Rentals
(note 5) |
2,554,097 |
2,393,514 |
| |
Contract
revenue |
3,287,002 |
2,912,389 |
| |
Miscellaneous |
23,062 |
33,747 |
| ___________________________________________________________________ |
| |
Total
operating revenues |
9,325,087 |
7,967,154 |
|
__________________________________________________________________________ |
| Operating
expenses: |
|
|
| |
Natural
resources |
284,911 |
444,278 |
| |
Rental
operations |
1,997,621 |
1,596,278 |
| |
Contracts |
3,171,796 |
2,757,941 |
| |
General
and administrative |
1,696,653 |
1,619,219 |
|
___________________________________________________________________ |
| |
Total
operating expenses |
7,150,981 |
6,417,716 |
|
__________________________________________________________________________ |
| - |
|
|
|
| |
Operating
income |
2,174,106 |
1,549,438 |
| - |
|
|
|
| Other
income (expense): |
|
|
| |
Interest
expense |
(215,303) |
(173,052) |
| |
Gain
on fixed asset disposition |
14,071 |
9,453 |
| |
Minority
interest in earnings |
(40,111) |
(66,963) |
| - |
|
(241,343) |
(230,562) |
| |
Income
from operations before income tax
expense |
1,932,763 |
1,318,876 |
| |
|
|
| Income
tax expense (note 10) |
(341,369) |
(476,277) |
|
__________________________________________________________________________ |
| - |
|
|
|
| |
Net
income |
1,591,394 |
842,599 |
| - |
|
|
|
| Retained
earnings subsequent to reorganization at beginning of
year |
14,134,893 |
842,599 |
|
__________________________________________________________________________ |
| - |
|
|
|
| Retained
earnings subsequent to reorganization at end of year |
$
15,726,287 |
14,134,893 |
|
__________________________________________________________________________ |
| - |
|
|
|
| Net
income per share |
$
2.51 |
1.33 |
| - |
|
|
|
| - |
|
|
|
|
See
accompanying notes to consolidated financial statements. |
| |
|
