Date
Neptune Technologies & Bioressources inc. | ||||
|
|
|
|
|
# du trimestre | 2 |
|
|
|
| Six months ended |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jour | 30 |
|
|
|
Mois | November |
|
|
|
Année | 2005 |
|
|
|
|
|
|
|
|
| November 30, |
|
| |
| November 30, 2005 |
|
| |
| November 30, |
|
| |
| ended November 30, 2005 |
|
| |
|
|
|
|
|
|
|
|
|
|
PROJET |
|
|
| |
|
|
|
|
|
Intermédiaires Août 2005 - V2 | 6/6/2007 12:25 |
| ||
|
|
|
|
|
Intermédiaires Août 2005 - V2 | 6/6/2007 12:25 |
|
Résultats
Neptune Technologies & Bioressources inc. |
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||
Interim Consolidated Statement of Earnings - restated |
| |||||||||||||
(unaudited) |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended |
| Six months ended | ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, | ||||
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| 2005 |
| 2004 |
|
|
|
|
|
|
|
| (restated-note2) |
|
| (restated-note2) |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
| $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
|
|
|
| 1,445,052 |
| 1,179,546 |
| 3,266,793 |
| 2,313,830 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of sales and operating expenses (before amortization) |
| 1,257,589 |
| 1,054,030 |
| 2,751,188 |
| 2,025,964 | ||||||
Research expenses |
|
|
|
| 67,751 |
| 40,589 |
| 128,375 |
| 78,643 | |||
Financial expenses |
|
|
|
| 293,933 |
| 250,866 |
| 596,900 |
| 501,975 | |||
Amortization |
|
|
|
| 251,187 |
| 243,373 |
| 536,362 |
| 486,695 | |||
|
|
|
|
|
|
|
| 1,870,460 |
| 1,588,858 |
| 4,012,825 |
| 3,093,277 |
Loss before other revenue (expenses) |
|
|
| 425,408 |
| 409,312 |
| 746,032 |
| 779,447 | ||||
Interest income |
|
|
|
| 217 |
| 300 |
| 412 |
| 405 | |||
Exchange loss |
|
|
|
| (27,411) |
| (93,631) |
| (96,810) |
| (111,831) | |||
Net loss |
|
|
|
|
| 452,602 |
| 502,643 |
| 842,430 |
| 890,873 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share |
|
|
|
| 0.018 |
| 0.020 |
| 0.033 |
| 0.035 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares outstanding |
|
| 25,594,805 |
| 25,594,805 |
| 25,594,805 |
| 25,330,594 |
Déficit- surplus d'apport
Neptune Technologies & Bioressources inc. |
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||
Interim Consolidated Statement of Deficit-restated |
|
| ||||||||||||
Interim Consolidated Contributed Surplus-restated |
|
|
|
| ||||||||||
(unaudited) |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interim Consolidated Statement of Deficit-restated |
|
|
|
| ||||||||||
(unaudited) |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended |
| Six months ended | ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, | ||||
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| 2005 |
| 2004 |
|
|
|
|
|
|
|
| (restated-note 2) |
|
| (restated-note 2) |
| ||
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
| $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of year |
|
|
|
| 14,372,265 |
| 12,603,082 |
| 13,982,437 |
| 12,194,383 | |||
Net loss |
|
|
|
|
| 452,602 |
| 502,643 |
| 842,430 |
| 890,873 | ||
Share issue expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| 20,469 |
Balance, end of year |
|
|
|
| 14,824,867 |
| 13,105,725 |
| 14,824,867 |
| 13,105,725 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interim Consolidated Contributed Surplus-restated-restated |
|
| ||||||||||||
(unaudited) |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended |
| Six months ended | ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, | ||||
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| 2005 |
| 2004 |
|
|
|
|
|
|
|
| (restated-note 2) |
|
| (restated-note 2) |
| ||
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of year |
|
|
|
| 419,232 |
| 276,408 |
| 345,387 |
| 187,754 | |||
Expired warrants |
|
|
|
|
|
|
|
|
|
| 62,049 | |||
Stock-based compensation – employees |
|
|
| 38,656 |
| 25,764 |
| 106,566 |
| 52,369 | ||||
Stock-based compensation - non-employees |
|
|
|
|
|
|
| 86,641 |
| 7,319 |
| 92,576 |
| 7,319 |
Balance, end of year |
|
|
|
| 544,529 |
| 309,491 |
| 544,529 |
| 309,491 |
Flux de trésorerie
Neptune Technologies & Bioressources inc. |
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||
Interim Consolidated Statement of Cash Flows-restated | ||||||||||||||
(unaudited) |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended |
| Six months ended | ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, | ||||
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| 2005 |
| 2004 |
|
|
|
|
|
|
|
| (restated-note 2) |
| (restated-note 2) | ||||
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
| $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
| |||
Net loss |
|
|
|
|
| (452,602) |
| (502,643) |
| (842,430) |
| (890,873) | ||
Non-cash items |
|
|
|
|
|
|
|
|
|
|
| |||
| Amortization of property and equipment |
|
|
| 251,187 |
| 243,373 |
| 536,362 |
| 486,695 | |||
| Amortization of deferred financing costs |
|
|
| 8,716 |
| 6,277 |
| 14,998 |
| 12,559 | |||
| Financial expenses |
|
|
|
| 189,919 |
| 159,443 |
| 380,070 |
| 320,524 | ||
| Stock-based compensation - employees |
|
|
| 38,656 |
| 33,083 |
| 106,566 |
| 59,688 | |||
| Stock-based compensation - non-employees |
|
| 86,641 |
|
|
| 92,576 |
|
| ||||
| Changes in working capital items |
|
|
| (561,257) |
| 270,792 |
| (684,910) |
| (210,346) | |||
Cash flows from operating activities |
|
|
|
| (438,740) |
| 210,325 |
| (396,768) |
| (221,753) | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
| |||
Immobilisations of property and equipment |
|
|
| (5,093) |
| (2,015) |
| (5,093) |
| (2,015) | ||||
Intangible assets |
|
|
|
| (17,974) |
| (15,379) |
| (53,001) |
| (29,344) | |||
Other assets |
|
|
|
| (10,977) |
|
|
| (10,977) |
|
| |||
Cash flows from investing activities |
|
|
|
| (34,044) |
| (17,394) |
| (69,071) |
| (31,359) | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
| |||
Repayment of long-term debt |
|
|
|
| (19,819) |
| (29,365) |
| (77,382) |
| (68,079) | |||
Issue of capital stock |
|
|
|
| 568,981 |
|
|
| 568,981 |
| 370,839 | |||
Issue of warrants |
|
|
|
|
|
|
|
|
|
| 340,092 | |||
Share issue expenses |
|
|
|
|
|
|
|
|
|
| (15,280) | |||
Cash flows from financing activities |
|
|
|
| 549,162 |
| (29,365) |
| 491,599 |
| 627,572 | |||
Increase (decrease) in cash and |
|
|
|
|
|
|
|
|
|
| ||||
cash equivalents |
|
|
|
| 76,378 |
| 163,566 |
| 25,760 |
| 374,460 | |||
Cash and cash equivalents, beginning of period |
|
| 131,332 |
| 164,254 |
| 181,950 |
| (46,640) | |||||
Cash and cash equivalents, end of period |
|
|
| 207,710 |
| 327,820 |
| 207,710 |
| 327,820 |
Bilan
Neptune Technologies & Bioressources inc. |
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||
Interim Consolidated Balance Sheets-restated |
|
| ||||||||||||
(unaudited) |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unaudited |
| Audited |
|
|
|
|
|
|
|
|
|
|
|
| November 30, |
| May 31 |
|
|
|
|
|
|
|
|
|
|
|
| 2005 |
| 2005 |
|
|
|
|
|
|
|
|
|
|
|
| (restated-note 2) |
| |
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
| ||
Current assets |
|
|
|
|
|
|
|
|
|
|
| |||
| Cash |
|
|
|
|
|
|
|
|
| 182,710 |
| 181,950 | |
| Short-term investment, 1% interest |
|
|
|
|
|
|
| 25,000 |
|
| |||
| Accounts receivable |
|
|
|
|
|
|
|
| 1,539,205 |
| 1,154,379 | ||
| Research tax credits receivable |
|
|
|
|
|
|
|
| 94,927 |
| 61,198 | ||
| Inventories |
|
|
|
|
|
|
|
| 1,054,556 |
| 813,642 | ||
| Prepaid expenses |
|
|
|
|
|
|
|
| 56,432 |
| 62,673 | ||
|
|
|
|
|
|
|
|
|
|
|
| 2,952,830 |
| 2,273,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| & nbsp; |
Property and equipment |
|
|
|
|
|
|
|
| 3,622,443 |
| 3,881,552 | |||
Intangible assets |
|
|
|
|
|
|
|
| 604,221 |
| 553,833 | |||
Other assets |
|
|
|
|
|
|
|
| 379,499 |
| 588,118 | |||
|
|
|
|
|
|
|
|
|
|
|
| 7,558,993 |
| 7,297,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
| |||
Current liabilities |
|
|
|
|
|
|
|
|
|
|
| |||
| Accounts payable and accrued liabilities |
|
|
|
|
|
|
|
|
|
| |||
|
| Company controlled by an officer and director |
|
|
|
|
| 18,136 |
| 73,494 | ||||
|
| Other |
|
|
|
|
|
|
|
| 1,020,621 |
| 996,945 | |
| Instalments on long-term debt |
|
|
|
|
|
|
|
| 270,937 |
| 841,917 | ||
|
|
|
|
|
|
|
|
|
|
|
| 1,309,694 |
| 1,912,356 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LONG-TERM DEBT (Note 4) |
|
|
|
|
|
|
|
| 3,442,591 |
| 2,868,780 | |||
LIABILITY COMPONENT OF CONVERTIBLE DEBENTURES (Note 5) |
|
|
| 5,521,236 |
| 5,156,430 | ||||||||
|
|
|
|
|
|
|
|
|
|
|
| 10,273,521 |
| 9,937,566 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY (DEFICIENCY) |
|
|
|
|
|
|
|
| ||||||
Capital stock and warrants (Note 6) |
|
|
|
|
|
|
|
| 11,565,810 |
| 10,996,829 | |||
Contributed surplus |
|
|
|
|
|
|
|
| 544,529 |
| 345,387 | |||
Deficit |
|
|
|
|
|
|
|
|
|
| (14,824,867) |
| (13,982,437) | |
|
|
|
|
|
|
|
|
|
|
|
| (2,714,528) |
| (2,640,221) |
|
|
|
|
|
|
|
|
|
|
|
| 7,558,993 |
| 7,297,345 |
Notes intérimaires
Neptune Technologies & Bioressources inc. |
|
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Notes to Interim Financial Statements |
|
|
|
|
| ||||||||||
August 31, 2005 (unaudited) |
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 - INTERIM FINANCIAL INFORMATION |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
These interim consolidated financial statements as at November 30, 2005 are unaudited. They have been prepared by the Company in accordance with | |||||||||||||||
generally accepted accounting principles in Canada for interim information and use the same accounting policies and methods of computation as the | |||||||||||||||
consolidated financial statements for the fiscal year ended May 31, 2005. These interim consolidated financial statements should be read in |
| ||||||||||||||
conjunction with the audited annual consolidated financial statements and notes thereto in the Company's 2005 annual report. |
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 - RESTATEMENT |
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On September 20, 2006 the Company has proceeded with a restatement of the financial statements it initially filed for the three and six-month periods | |||||||||||||||
ended on November 30, 2005. In reviewing its accounting procedures, Neptune has determined that the date used for calculating its stock-based | |||||||||||||||
compensation costs for non-employees for the interim period ended November 30, 2005 was incorrect. The fair value of the options granted to | |||||||||||||||
non-employees was originally determined using the date on which the options were granted, rather than the date on which the options were valued | |||||||||||||||
resulting in a non-cash adjustment of $72,259, in compliance with the CICA handbook recommendations, chapter 3870. |
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following schedule summarizes the impact of the restatement for the second quarter ended November 30, 2005: |
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impact of restatement on net loss: |
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
| Three months ended |
| Six months ended |
| ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, |
| ||||
|
|
|
|
|
|
|
|
|
| 2005 |
|
|
| 2005 |
|
|
|
|
|
|
|
|
|
|
| (restated) |
|
|
| (restated) |
|
|
|
| Net loss as previously reported |
|
|
|
|
| (380,343) |
|
|
| (770,171) |
| |
|
|
| Adjustments; cost of sales and operating expenses (1) |
|
| (72,259) |
|
|
| (72,259) |
| ||||
|
|
| Net loss as restated |
|
|
|
|
|
| (452,602) |
|
|
| (842,430) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impact of restatement on the consolidated Balance sheet: |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
| As previously |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| reported |
|
|
| As restated |
|
|
|
| As November 30, 2005 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| Contributed surplus |
|
|
| 472,270 |
|
|
| 544,529 |
| ||
|
|
|
| Deficit |
|
|
|
|
| (14,752,608) |
|
|
| (14,824,867) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) This restatement does not affect the Company's cash position |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 - RELATED PARTY TRANSACTIONS |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company entered into an agreement with a shareholder (a company controlled by an officer and director), as of June 1, 2002, calling royalties to be | |||||||||||||||
paid in semi-annual instalments of 1% of net annual sales, for an unlimited period. The amount paid cannot exceed net earnings before interest, taxes | |||||||||||||||
and amortization. For the current period, total royalties amount to $13,472 ($11,795 in 2004). As at November 30, 2005, the balance due to this |
| ||||||||||||||
shareholder amounts to $18,136 ($73,494 as at May 31,2005). This amount is shown on the balance sheet under accounts payable and accrued | |||||||||||||||
liabilities. |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
These transactions occurred in the normal course of operations and are measured at the exchange amount, which is the amount of consideration | |||||||||||||||
determined and accepted by the parties involved. |
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 - LONG TERM DEBT |
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 30, |
| May 31 |
|
|
|
|
|
|
|
|
|
|
|
|
| 2005 |
| 2005 |
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
|
Mortgage loan, $1,200,000 par value, secured by processing and laboratory equipment having an |
|
|
|
|
| ||||||||||
amortized cost of $2,837,038 in 2005, prime rate plus 6.25% (13.5% as at November 30, 2005 and |
|
|
|
|
| ||||||||||
12.5% as at May 31, 2005), payable in monthly capital instalments of $20,000, whit moratorium |
|
|
|
|
| ||||||||||
until September 2006, maturing in May 2011 |
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| 1,120,000 |
| 1,140,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loan, $980,000 par value less the net value of series "E" warrants, secured by the |
|
|
|
|
| ||||||||||
universality of property, weekly variable interest rate determined by the lender plus 1.25% (7,5% as |
|
|
|
|
| ||||||||||
at November 30, 2005 and 7% as at May 31, 2005), payable in 60 monthly capital instalments of $16,333 |
|
|
|
|
| ||||||||||
whit moratorium until September 2006, maturing in September 2011 |
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
| 954,978 |
| 951,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loan, $1,500,000 par value less the net value of the issued shares, secured by the |
|
|
|
|
| ||||||||||
universality of property, weekly variable interest rate determined by the lender plus 2.25% (8,5% as |
|
|
|
|
| ||||||||||
at November 30, 2005 and 8% as at May 31, 2005), payable in 60 monthly capital instalments of $25,000 |
|
|
|
|
| ||||||||||
whit moratorium until September 2006, maturing in September 2011 |
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
|
|
|
|
| 1,432,822 |
| 1,420,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9% unsecured loan, payable in monthly blended instalments of $993, maturing in September 2005 |
|
|
| 3,900 |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unsecured loan, without interest, matured |
|
|
|
|
|
|
| 70,000 |
| 70,000 |
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Obligations under capital leases, interest rates varying from 0.00% to 15.46%, payable in monthly |
|
|
|
|
| ||||||||||
instalments of $7,235, maturing at different dates until August 2010 |
|
|
|
| 135,728 |
| 124,261 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
| 3,713,528 |
| 3,710,697 |
|
Instalments due within one year |
|
|
|
|
|
|
|
| 270,937 |
| 841,917 |
| |||
|
|
|
|
|
|
|
|
|
|
|
| 3,442,591 |
| 2,868,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 - LIABILITY COMPONENT OF CONVERTIBLE DEBENTURES |
|
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 30, |
| May 31 |
|
|
|
|
|
|
|
|
|
|
|
|
| 2005 |
| 2005 |
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
|
Unsecured convertible debenture (a face amount of $2,195,342, bearing interest at 15%) |
| 2,414,878 |
| 2,250,226 |
| ||||||||||
Secured convertible debenture (a face amount of $1,261,780, bearing interest at 15% compounded annually) | 1,793,858 |
| 1,668,704 |
| |||||||||||
Unsecured convertible debenture (a face amount of $1,000,000, bearing interest at 15%) |
| 1,312,500 |
| 1,237,500 |
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
| 5,521,236 |
| 5,156,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 - CAPITAL STOCK AND WARRANTS |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 30, |
| May 31 |
|
|
|
|
|
|
|
|
|
|
|
|
| 2005 |
| 2005 |
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issued and fully paid |
|
|
|
|
|
|
|
|
|
|
|
| |||
27,870,727 common shares (25,594,805 common shares as at May 31, 2005) |
|
|
| 11,453,310 |
| 10,656,737 |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
750,000 | series "H" warrants |
|
|
|
|
|
|
|
| 75,000 |
| 302,592 |
| ||
250,000 | series "I" warrants |
|
|
|
|
|
|
|
| 37,500 |
| 37,500 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| 112,500 |
| 340,092 |
|
|
|
|
|
|
|
|
|
|
|
|
| 11,565,810 |
| 10,996,829 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period, changes in the Company's issued capital stock were as follows: |
|
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| shares |
| Consideration |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
|
Commun shares |
|
|
|
|
|
|
|
|
|
|
|
| |||
Balance as at August 31, 2005 |
|
|
|
|
|
|
|
| 25,594,805 |
| 10,656,737 |
| |||
Issued upon series "H" warrants |
|
|
|
|
|
|
|
| 2,275,922 |
| 796,573 |
| |||
Balance as at November 30, 2005 |
|
|
|
|
|
|
|
| 27,870,727 |
| 11,453,310 |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period, 2,275,922 series "H" warrants were exercised whit a compensation in cash of 568,981$ and a non monetary compensation |
| ||||||||||||||
of 227,592$ representing the attributed value at the emission of the series "H" warrants, June 9 2004. |
|
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 - STOCK-BASED COMPENSATION PLAN |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Activities within the plan are detailed as follows: |
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
| November 30, 2005 | May 31, 2005 |
| |||||
|
|
|
|
|
|
|
|
|
| Weighted |
|
|
| Weighted |
|
|
|
|
|
|
|
|
|
|
| average |
|
|
| average |
|
|
|
|
|
|
|
|
| Number of |
| exercise |
| Number of |
| exercise |
|
|
|
|
|
|
|
|
| options |
| price |
| options |
| price |
|
|
|
|
|
|
|
|
|
| $ |
|
|
| $ |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding, beginning of period |
|
|
| 3,986,000 |
| 0.25 |
| 2,280,000 |
| 0.88 |
| ||||
Awarded |
|
|
|
|
| 70,000 |
| 0.57 |
| 1,129,000 |
| 0.25 |
| ||
Cancelled |
|
|
|
|
| (81,000) |
| 0.25 |
| (483,000) |
| 0.80 |
| ||
Exercise price amendment |
|
|
|
|
|
|
|
|
|
|
|
| |||
Former price |
|
|
|
|
|
|
|
| (1,920,000) |
| 0.85 |
| |||
New price |
|
|
|
|
|
|
|
| 1,920,000 |
| 0.25 |
| |||
Options outstanding, end of period |
|
|
|
| 3,975,000 |
| 0.26 |
| 2,926,000 |
| 0.25 |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable options, end of period |
|
|
|
| 1,017,500 |
| 0.25 |
| 1,430,000 |
| 0.25 |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 - STOCK-BASED COMPENSATION PLAN (continued) |
|
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 30, 2005 |
|
|
|
|
|
|
| Options outstanding |
| Exercisable options |
| ||||||
|
|
|
|
|
|
|
| Weighted |
| Number |
| Number |
|
|
|
|
|
|
|
|
| Weighted |
| remaining |
| of options |
| of options |
| Weighted |
|
|
|
|
|
|
| average |
| contractual |
| outstanding |
| exercisable |
| average |
|
|
|
|
|
|
| exercise |
| life |
| as at |
| as at |
| exercise |
|
|
|
|
|
|
| price |
| outstanding |
| 2005-08-31 |
| 2005-08-31 |
| price |
|
|
|
|
|
|
| $ |
|
|
|
|
|
|
| $ |
|
|
|
|
|
|
| 0.25 |
| 3.82 |
| 3,905,000 |
| 1,017,500 |
| 0.25 |
|
|
|
|
|
|
| 0.50 |
| 4.88 |
| 50,000 |
|
|
|
|
|
|
|
|
|
|
| 0.75 |
| 4.99 |
| 20,000 |
|
|
|
|
|
|
|
|
|
|
| 0.25 |
| 4.07 |
| 3,975,000 |
| 1,017,500 |
| 0.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On October 17, 2005, the Company granted 50,000 stock options to employees at an exercise price of $0,50 per share. The fair value of each |
| ||||||||||||||
option granted has been estimated according to the Black-Scholes option pricing model using the following assumptions: |
|
|
| ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) Fair value of the common shares at $0.50 |
|
|
|
|
|
|
|
|
|
|
| ||||
ii) Risk-free interest rate of 3.60% |
|
|
|
|
|
|
|
|
|
|
|
| |||
iii) Estimated life of four years |
|
|
|
|
|
|
|
|
|
|
|
| |||
iv) Expected volatility of 119% |
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The fair value of the options granted is $0.3912 per option. |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On November 25, 2005, the Company granted 20,000 stock options to employees at an exercise price of $0.75 per share. The fair value of |
| ||||||||||||||
each option granted has been estimated according to the Black-Scholes option pricing model using the following assumptions: |
|
| |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i) Fair value of the common shares at $0.87 |
|
|
|
|
|
|
|
|
|
|
| ||||
ii) Risk-free interest rate of 3.77% |
|
|
|
|
|
|
|
|
|
|
|
| |||
iii) Estimated life of four years |
|
|
|
|
|
|
|
|
|
|
|
| |||
iv) Expected volatility of 119% |
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The fair value of the options granted is $0.6955 per option. |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended November 30, 2005, an amount of $38,656 ($25,764 in 2004) representing employees' vested interests during the |
| ||||||||||||||
period was expensed as compensation. An amount of $86,641 ($7,319 in 2004) representing non-employees' vested interests during the period | |||||||||||||||
was expensed. |
|
|
|
|
|
|
|
|
|
|
|
|
Frais
Neptune Technologies & Bioressources inc. |
|
| PROJET | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||
Informations |
|
|
|
|
|
|
|
| 6/6/2007 12:36 | |||||
31 août 2005, (non vérifiées) |
|
|
|
|
| Intermédiaires Août 2005 - V2 | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 - INFORMATIONS SUR LES PROJETS DE RECHERCHE EN COURS |
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Les coûts encourus pour les projets de recherche en cours sont : |
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
| Période de trois mois |
| Six months ended | ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, | ||||
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| 2005 |
| 2004 |
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
| $ |
Salaires et charges sociales |
|
|
|
| 74,788 |
| 50,158 |
| 68,956 |
| 50,158 | |||
Sous-traitance |
|
|
|
| 25,915 |
|
|
| 6,083 |
|
| |||
Frais de déplacements et de représentations |
|
|
| 1,555 |
| 154 |
|
|
| 154 | ||||
|
|
|
|
|
|
|
| 102,258 |
| 50,312 |
| 75,039 |
| 50,312 |
Crédits d'impôts à la recherche |
|
|
|
| (89,652) |
| (12,258) |
| (14,415) |
| (12,258) | |||
Frais de recherche |
|
|
|
| 12,606 |
| 38,054 |
| 60,624 |
| 38,054 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Les crédits d'impôts à la recherche comptabilisés par la société doivent être examinés et approuvés par les autorités fiscales et il est | ||||||||||||||
possible que les montants accordés diffèrent des montants comptabilisés. |
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 - INFORMATIONS SUR LES FRAIS D'ADMINISTRATION |
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Période de trois mois |
| Six months ended | ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, | ||||
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| 2005 |
| 2004 |
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
| $ |
Salaires et charges sociales |
|
|
|
| 108,589 |
| 110,130 |
| 153,614 |
| 78,931 | |||
Conseil d'administration |
|
|
|
| 9,375 |
| 9,375 |
| 12,999 |
| 12,999 | |||
Représentations et déplacements |
|
|
|
| 9,152 |
| 8,897 |
| 9,827 |
| 9,339 | |||
Loyer |
|
|
|
|
|
| 27,050 |
| 24,985 |
| 28,590 |
| 27,803 | |
Entretien et réparation |
|
|
|
| 5,022 |
| 10,454 |
| 3,503 |
| 764 | |||
Assurances |
|
|
|
| 24,898 |
| 23,316 |
| 16,821 |
| 22,287 | |||
Communications |
|
|
|
| 4,991 |
| 4,437 |
| 5,604 |
| 5,597 | |||
Taxes et permis |
|
|
|
| 79 |
|
|
| 10,500 |
| 15,000 | |||
Frais de bureau |
|
|
|
| 6,694 |
| 5,936 |
| 7,683 |
| 2,009 | |||
Honoraires professionnels |
|
|
|
| 27,808 |
| 85,772 |
| 29,735 |
| 32,495 | |||
|
|
|
|
|
|
|
|
|
| 2,500 |
|
|
|
|
|
|
|
|
|
|
|
| 223,658 |
| 285,802 |
| 278,876 |
| 207,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 - INFORMATIONS SUR LES FRAIS FINANCIERS |
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Période de trois mois |
| Six months ended | ||||
|
|
|
|
|
|
|
| November 30, |
| November 30, | ||||
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| 2005 |
| 2004 |
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
| $ |
Frais bancaires et contrats |
|
|
|
| (9,387) |
| 1,307 |
| 21,110 |
| 1,307 | |||
Intérêts - emprunt à court terme |
|
|
|
|
|
|
|
| 230 |
|
| |||
Intérêts - dette à long terme |
|
|
|
| 97,183 |
| 95,356 |
| 92,942 |
| 95,356 | |||
Intérêts - composante passif des débentures convertibles |
| 141,067 |
| 148,164 |
| 182,403 |
| 148,164 | ||||||
Amortissement - frais de financement reportés |
|
| 6,280 |
| 6,282 |
| 6,282 |
| 6,282 | |||||
|
|
|
|
|
|
|
| 235,143 |
| 251,109 |
| 302,967 |
| 251,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 - IMMOBILISATIONS |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 30, 2005 |
|
|
|
|
|
|
|
|
|
|
|
| Amortissement |
| Écart non |
|
|
|
|
|
|
|
|
|
| Coût |
| cumulé |
| amorti |
|
|
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
Améliorations locatives - siège social |
|
|
|
|
| 52,149 |
| 36,023 |
| 16,126 | ||||
Améliorations locatives - transformation |
|
|
|
|
| 741,652 |
| 208,590 |
| 533,062 | ||||
Mobilier et agencement |
|
|
|
|
|
| 98,230 |
| 57,053 |
| 41,177 | |||
Équipement de bureau |
|
|
|
|
|
| 66,659 |
| 42,325 |
| 24,334 | |||
Équipement de transformation |
|
|
|
|
|
| 3,506,418 |
| 779,201 |
| 2,727,217 | |||
Équipement de laboratoire |
|
|
|
|
|
| 227,358 |
| 101,006 |
| 126,352 | |||
Système informatique |
|
|
|
|
|
| 72,157 |
| 58,937 |
| 13,220 | |||
Logiciels |
|
|
|
|
|
|
| 2,350 |
| 2,350 |
|
| ||
|
|
|
|
|
|
|
|
|
| 4,766,973 |
| 1,285,485 |
| 3,481,488 |
Biens loués en vertu de contrats de location-acquisition |
|
|
|
|
|
|
|
| ||||||
| Équipement de transformation |
|
|
|
|
|
| 139,960 |
| 30,498 |
| 109,462 | ||
| Équipement de laboratoire |
|
|
|
|
|
| 173,460 |
| 69,509 |
| 103,951 | ||
| Équipement de bureau |
|
|
|
|
|
| 72,240 |
| 2,206 |
| 70,034 | ||
|
|
|
|
|
|
|
|
|
| 5,152,633 |
| 1,387,698 |
| 3,764,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 31 mai 2005 |
|
|
|
|
|
|
|
|
|
|
|
| Amortissement |
| Écart non |
|
|
|
|
|
|
|
|
|
| Coût |
| cumulé |
| amorti |
|
|
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
Améliorations locatives - siège social |
|
|
|
|
| 52,149 |
| 34,719 |
| 17,430 | ||||
Améliorations locatives - transformation |
|
|
|
|
| 741,652 |
| 148,330 |
| 593,322 | ||||
Mobilier et agencement |
|
|
|
|
|
| 98,230 |
| 54,882 |
| 43,348 | |||
Équipement de bureau |
|
|
|
|
|
| 66,659 |
| 40,352 |
| 26,307 | |||
Équipement de transformation |
|
|
|
|
|
| 3,506,418 |
| 691,542 |
| 2,814,876 | |||
Équipement de laboratoire |
|
|
|
|
|
| 227,358 |
| 89,639 |
| 137,719 | |||
Système informatique |
|
|
|
|
|
| 72,157 |
| 55,539 |
| 16,618 | |||
Logiciels |
|
|
|
|
|
|
| 2,350 |
| 2,350 |
|
| ||
|
|
|
|
|
|
|
|
|
| 4,766,973 |
| 1,117,353 |
| 3,649,620 |
Biens loués en vertu de contrats de location - acquisition |
|
|
|
|
|
|
|
| ||||||
| Équipement de transformation |
|
|
|
|
|
| 139,960 |
| 26,999 |
| 112,961 | ||
| Équipement de laboratoire |
|
|
|
|
|
| 173,460 |
| 60,836 |
| 112,624 | ||
| Équipement de bureau |
|
|
|
|
|
| 7,290 |
| 943 |
| 6,347 | ||
|
|
|
|
|
|
|
|
|
| 5,087,683 |
| 1,206,131 |
| 3,881,552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 - ACTIFS INCORPORELS |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 30, 2005 |
|
|
|
|
|
|
|
|
|
|
|
| Amortissement |
| Écart non |
|
|
|
|
|
|
|
|
|
| Coût |
| cumulé |
| amorti |
|
|
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
Actifs incorporels amortissables |
|
|
|
|
|
|
|
|
|
|
| |||
| Brevets |
|
|
|
|
|
| 541,453 |
| 5,902 |
| 535,551 | ||
| Licence |
|
|
|
|
|
| 7,500 |
| 1,687 |
| 5,813 | ||
|
|
|
|
|
|
|
|
|
| 548,953 |
| 7,589 |
| 541,364 |
Actifs incorporels non amortissables |
|
|
|
|
|
|
|
|
|
| ||||
| Marques de commerce |
|
|
|
|
|
| 46,189 |
|
|
| 46,189 | ||
|
|
|
|
|
|
|
|
|
| 595,142 |
| 7,589 |
| 587,553 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 31 mai 2005 |
|
|
|
|
|
|
|
|
|
|
|
| Amortissement |
| Écart non |
|
|
|
|
|
|
|
|
|
| Coût |
| cumulé |
| amorti |
|
|
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
Actifs incorporels amortissables |
|
|
|
|
|
|
|
|
|
|
| |||
| Brevets |
|
|
|
|
|
| 518,287 |
| 4,783 |
| 513,504 | ||
| Licence |
|
|
|
|
|
| 7,500 |
| 1,500 |
| 6,000 | ||
|
|
|
|
|
|
|
|
|
| 525,787 |
| 6,283 |
| 519,504 |
Actifs incorporels non amortissables |
|
|
|
|
|
|
|
|
|
| ||||
| Marques de commerce |
|
|
|
|
|
| 34,329 |
|
|
| 34,329 | ||
|
|
|
|
|
|
|
|
|
| 560,116 |
| 6,283 |
| 553,833 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 - AUTRES ÉLÉMENTS D'ACTIFS |
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 30, |
| 31 mai |
|
|
|
|
|
|
|
|
|
|
|
| 2005 |
| 2005 |
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
Frais de démarrage, ai coût non amorti |
|
|
|
|
|
|
| 306,896 |
| 409,197 | ||||
Frais de financement reportés, au coût non amorti |
|
|
|
|
| 72,639 |
| 78,921 | ||||||
Dépôts |
|
|
|
|
|
|
|
|
|
| 100,000 |
| 100,000 | |
|
|
|
|
|
|
|
|
|
|
|
| 479,535 |
| 588,118 |
Ne pas imprimer
Neptune Technologies & Bioressources inc. |
|
|
|
| |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Détails coût des ventes et frais d'exploitation |
|
|
| ||||||||||
aux 31 août 2005 et 2004 |
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 31 août |
| 31 août |
| ÉCART | |
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| $ CDN | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COÛT DES VENTES |
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock au début |
|
|
|
| 807,880 |
| 1,231,843 |
| (423,963) |
| |||
Achats - krill M.P. |
|
|
|
| 255,531 |
|
|
| 255,531 |
| |||
Achats - |
|
|
|
|
|
|
|
|
|
|
| ||
Achats - |
|
|
|
|
|
|
|
|
|
|
| ||
Achats - Packaging |
|
|
|
| 5,769 |
| 7,022 |
| (1,253) |
| |||
Achats - acetone |
|
|
|
| 43,812 |
|
|
| 43,812 |
| |||
Achats - Azote |
|
|
|
| 5,040 |
| 4,980 |
| 60 |
| |||
Achats - Fourn. production |
|
|
|
| 2,372 |
|
|
| 2,372 |
| |||
Coût - échantillons |
|
|
|
| (263) |
| (2,033) |
| 1,770 |
| |||
Coût - escomptes sur achats |
|
|
|
|
|
|
|
|
|
| |||
Coût - transport à l'achat |
|
|
|
| 8,783 |
| 7,134 |
| 1,649 |
| |||
Coût - transport vente |
|
|
|
| 12,744 |
| 10,479 |
| 2,265 |
| |||
Coût - sous-traitance Lyophilisation |
|
|
|
|
|
|
|
|
|
| |||
Coût - sous-traitance - mélange |
|
|
|
|
|
|
|
|
|
| |||
Coût - sous-traitant encapsulage |
|
|
|
| 24,925 |
| 84,383 |
| (59,458) |
| |||
Coût - salaire opérateur |
|
|
|
| 86,449 |
| 2,251 |
| 84,198 |
| |||
Coût - salaire opérateur - options |
|
|
|
| 1,550 |
|
|
| 1,550 |
| |||
Coût - syndicat |
|
|
|
|
|
|
|
|
|
| |||
Coût - r.r.q. |
|
|
|
|
| 3,788 |
| 56 |
| 3,732 |
| ||
Coût - f.s.s. |
|
|
|
|
| 2,462 |
| 53 |
| 2,409 |
| ||
Coût - ass. emploie |
|
|
|
| 2,089 |
| 43 |
| 2,046 |
| |||
Coût - C.S.S.T. |
|
|
|
| 1,075 |
| 12 |
| 1,063 |
| |||
Coût - CNT |
|
|
|
|
|
|
|
|
|
|
| ||
Coût - Ass. groupe prime |
|
|
|
| 4,327 |
| 2,690 |
| 1,637 |
| |||
Coût - Ass. groupe employé |
|
|
|
| (1,438) |
| (190) |
| (1,248) |
| |||
Coût - syndicat |
|
|
|
|
|
|
|
|
|
| |||
Coût - Autres avantages |
|
|
|
| 24 |
|
|
| 24 |
| |||
FG - Salaires direction |
|
|
|
| 49,017 |
| 36,121 |
| 12,895 |
| |||
FG - Salaires direction - options |
|
|
|
| 8,043 |
| 2,608 |
| 5,435 |
| |||
FG - Salaires autres |
|
|
|
| 57,513 |
| 18,026 |
| 39,487 |
| |||
FG - Salaires autres - options |
|
|
|
| 3,451 |
|
|
| 3,451 |
| |||
FG - R.R.Q. |
|
|
|
|
| 3,349 |
| 923 |
| 2,426 |
| ||
FG - f.s.s. |
|
|
|
|
| 3,122 |
| 1,216 |
| 1,906 |
| ||
FG - ass. emploie |
|
|
|
| 1,795 |
| 584 |
| 1,211 |
| |||
FG - C.S.S.T. |
|
|
|
| 1,269 |
| 336 |
| 933 |
| |||
FG - C.N.T. |
|
|
|
|
|
|
|
|
|
|
| ||
FG - ass. groupe prime |
|
|
|
| 4,165 |
| 1,836 |
| 2,329 |
| |||
FG - Ass. groupe employé |
|
|
|
| (1,567) |
| (1,046) |
| (522) |
| |||
FG - syndicat |
|
|
|
|
|
|
|
|
|
| |||
FG - autres avantages |
|
|
|
|
|
|
|
|
|
| |||
FG - Loyer |
|
|
|
|
| 40,905 |
| 45,596 |
| (4,691) |
| ||
FG - Remb. loyer |
|
|
|
| (1,875) |
| (2,514) |
| 639 |
| |||
FG - taxes |
|
|
|
|
| 8,702 |
| 3,863 |
| 4,839 |
| ||
FG - ass. général |
|
|
|
| 5,919 |
| 6,164 |
| (245) |
| |||
FG - ass. Produit |
|
|
|
| 12,714 |
| 10,585 |
| 2,129 |
| |||
FG - ass. Perte affaire |
|
|
|
| 998 |
| 1,031 |
| (33) |
| |||
FG - ass. Autres |
|
|
|
| 1,764 |
| 1,842 |
| (77) |
| |||
FG - électricité |
|
|
|
| 23,651 |
| 13,815 |
| 9,836 |
| |||
FG - Chauffage (gaz) |
|
|
|
| 12,599 |
| 596 |
| 12,004 |
| |||
FG - entretien et réparation équip. |
|
|
|
| 24,244 |
| 3,745 |
| 20,499 |
| |||
FG - entretien locaux |
|
|
|
| 1,042 |
| 2,026 |
| (984) |
| |||
FG - fournitures atelier |
|
|
|
|
|
|
|
|
|
| |||
FG - location remorque |
|
|
|
| 11,234 |
| 375 |
| 10,859 |
| |||
FG - Loc. Autres |
|
|
|
| 3,400 |
|
|
| 3,400 |
| |||
FG - uniformes / fournitures de travail |
|
|
| 2,390 |
| 149 |
| 2,240 |
| ||||
FG - Équip. sécurité / examen |
|
|
|
|
|
|
|
|
|
| |||
FG - Inspection - normes |
|
|
|
| 3,043 |
| 1,186 |
| 1,856 |
| |||
FG - entreposage |
|
|
|
| 4,176 |
| 54 |
| 4,122 |
| |||
FG - Rebuts |
|
|
|
|
| 912 |
| 920 |
| (8) |
| ||
FG - Fourn. shipping |
|
|
|
| 1,027 |
| 25 |
| 1,002 |
| |||
FG - Courrier |
|
|
|
| 117 |
|
|
| 117 |
| |||
FG - déplacements |
|
|
|
| 82 |
| 433 |
| (351) |
| |||
FG - communications |
|
|
|
| 268 |
| 52 |
| 216 |
| |||
FG - fourn. laboratoire |
|
|
|
| 8,711 |
| 2,259 |
| 6,452 |
| |||
FG - |
|
|
|
|
|
|
|
|
|
|
|
| |
FG - Analyse labo. externe |
|
|
|
| 3,439 |
| 1,387 |
| 2,052 |
| |||
FG - Formation |
|
|
|
|
|
|
|
|
|
| |||
Stock à la fin |
|
|
|
| (661,043) |
| (881,134) |
| 220,091 |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 905,497 |
| 621,784 |
| 283,713 | 54.39% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FRAIS DE COMMERCIALISATION |
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vente - sal. direction |
|
|
|
| 74,327 |
| 33,116 |
| 41,212 |
| |||
Vente - sal. directon - options |
|
|
|
| 8,419 |
| 4,564 |
| 3,855 |
| |||
Vente - sal. representant |
|
|
|
|
|
|
|
|
|
| |||
Vente - sal. représentant - options |
|
|
|
|
|
|
|
|
|
| |||
Vente - Commissions sur ventes CDN |
|
|
|
|
|
|
|
|
| ||||
Vente - Commission sur ventes US |
|
|
|
| 20,765 |
| 18,005 |
| 2,760 |
| |||
Vente - r.r.q. |
|
|
|
| 998 |
| 624 |
| 375 |
| |||
Vente - f.s.s. |
|
|
|
| 2,299 |
| 760 |
| 1,540 |
| |||
Vente - ass. emploie |
|
|
|
| 512 |
| 378 |
| 133 |
| |||
Vente - Autres Avantages |
|
|
|
|
|
|
|
|
|
| |||
Vente - C.S.S.T. |
|
|
|
| 429 |
| 160 |
| 269 |
| |||
Vente - C.N.T. |
|
|
|
|
|
|
|
|
|
| |||
Vente - ass. groupe prime |
|
|
|
| 378 |
|
|
| 378 |
| |||
Vente - Ass. groupe employé |
|
|
|
| (255) |
|
|
| (255) |
| |||
Vente - syndicat |
|
|
|
|
|
|
|
|
|
| |||
Vente - représentation |
|
|
|
| 19 |
| 715 |
| (696) |
| |||
Vente - Frais de repas extérieur |
|
|
|
| 905 |
| 587 |
| 318 |
| |||
Vente - publicité, coop Euro |
|
|
|
| 38,000 |
|
|
| 38,000 |
| |||
Vente - publicité, coop CDN |
|
|
|
| 64,642 |
| 17,181 |
| 47,461 |
| |||
Vente - publicité, coop US |
|
|
|
| 40,687 |
|
|
| 40,687 |
| |||
Vente - publicité CDN |
|
|
|
| 119 |
|
|
| 119 |
| |||
Vente - Publicité US |
|
|
|
|
|
|
|
|
|
| |||
Vente - Site Web |
|
|
|
| 188 |
| 191 |
| (2) |
| |||
Vente- mise en marché Options |
|
|
|
| 6,703 |
|
|
| 6,703 |
| |||
Vente - mise en marché |
|
|
|
| 11,030 |
| 23,494 |
| (12,464) |
| |||
Vente - Échantillons |
|
|
|
| 1,765 |
| 2,033 |
| (268) |
| |||
Vente - marketing |
|
|
|
|
|
|
|
|
|
| |||
Vente - Tél. et Cell. Internet |
|
|
|
| 391 |
| 869 |
| (478) |
| |||
Vente - Courrier |
|
|
|
| 143 |
| 316 |
| (173) |
| |||
Vente - Fr voyage - héberg |
|
|
|
| 5,491 |
| 3,136 |
| 2,355 |
| |||
Vente - Fr voyage - avion |
|
|
|
| 2,668 |
| 5,069 |
| (2,402) |
| |||
Vente - Frais de déplacement |
|
|
|
| 609 |
| 1,526 |
| (917) |
| |||
Vente - Royautés |
|
|
|
| 16,200 |
| 27,665 |
| (11,465) |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 297,432 |
| 140,388 |
| 157,045 | 30.10% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FRAIS D'ADMINISTRATION |
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salaires et charges sociales |
|
|
|
| 153,614 |
| 78,931 |
| 74,683 |
| |||
Conseil d'administration |
|
|
|
| 12,999 |
| 12,999 |
|
|
| |||
Représentation et déplacement |
|
|
|
| 9,827 |
| 9,339 |
| 488 |
| |||
Loyer |
|
|
|
|
|
| 28,590 |
| 27,803 |
| 787 |
| |
Entretien et réparations |
|
|
|
| 3,503 |
| 764 |
| 2,739 |
| |||
Assurances |
|
|
|
| 16,821 |
| 22,287 |
| (5,466) |
| |||
Communications |
|
|
|
| 5,604 |
| 5,597 |
| 7 |
| |||
Taxes et permis |
|
|
|
| 10,500 |
| 15,000 |
| (4,500) |
| |||
Frais de bureau |
|
|
|
| 7,683 |
| 2,009 |
| 5,674 |
| |||
Mauvaises créances |
|
|
|
|
|
|
|
|
|
| |||
Honoraires professionnels |
|
|
|
| 29,735 |
| 32,495 |
| (2,760) |
| |||
Honoraires de gestion |
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| 278,876 |
| 207,224 |
| 71,652 | 13.74% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMUNICATIONS FINANCIÈRES |
|
|
|
| 11795 |
| 2540 |
| 9,255 | 1.77% | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,493,600 |
| 971,935 |
| 521,665 | 100.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOMMAIRE DES ÉCARTS |
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SALAIRES |
|
|
|
|
|
|
|
|
| 275,623 | 52.84% | ||
INVENTAIRE |
|
|
|
|
|
|
|
| 37,662 | 7.22% | |||
OPTIONS |
|
|
|
|
|
|
|
|
| 73,845 | 14.16% | ||
COOP |
|
|
|
|
|
|
|
|
|
| 126,148 | 24.18% | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 513,278 | 98.39% |