Date
Résultats
Neptune Technologies & Bioressources inc. |
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Interim Consolidated Statement of Earnings |
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(unaudited) |
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| Three months ended |
| Nine months ended | ||||
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| February 28, |
| February 28, | ||||
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
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| $ |
| $ |
| $ |
| $ |
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Sales |
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| 1,822,548 |
| 1,292,461 |
| 5,089,341 |
| 3,606,291 | |
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Cost of sales and operating expenses (before amortization) |
| 1,544,575 |
| 1,139,038 |
| 4,223,504 |
| 3,165,002 | ||||||
Research expenses |
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| 76,606 |
| 37,042 |
| 204,981 |
| 115,685 | |||
Financial expenses |
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| 282,273 |
| 247,963 |
| 879,173 |
| 749,938 | |||
Amortization |
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| 250,260 |
| 244,135 |
| 786,622 |
| 730,830 | |||
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| 2,153,714 |
| 1,668,178 |
| 6,094,280 |
| 4,761,455 |
Loss before other revenue (expenses) |
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| (331,166) |
| (375,717) |
| (1,004,939) |
| (1,155,164) | ||||
Interest income |
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| 280 |
| 260 |
| 692 |
| 665 | |||
Exchange loss |
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| (30,793) |
| 30,844 |
| (127,603) |
| (80,987) | |||
Gain on debt settlement |
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| 1,400,000 |
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| 1,400,000 |
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Net loss |
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| 1,038,321 |
| (344,613) |
| 268,150 |
| (1,235,486) | ||
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Basic and diluted profit (loss) per share |
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| 0.032 |
| (0.013) |
| 0.009 |
| (0.049) | ||||
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Weighted average number of shares outstanding |
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| 32,419,020 |
| 25,594,805 |
| 28,889,419 |
| 25,418,016 | |||||
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Déficit- surplus d'apport
Neptune Technologies & Bioressources inc. |
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Interim Consolidated Statement of Deficit |
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Interim Consolidated Contributed Surplus |
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(unaudited) |
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Interim Consolidated Statement of Deficit |
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(unaudited) |
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| Three months ended |
| Nine months ended | ||||
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| February 28, |
| February 28, | ||||
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
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| $ |
| $ |
| $ |
| $ |
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Balance, beginning of year |
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| (14,752,608) |
| (13,105,725) |
| (13,982,437) |
| (12,194,383) | |||
Net profit (net loss) |
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| 1,038,321 |
| (344,613) |
| 268,150 |
| (1,235,486) | |||
Share issue expenses |
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| (421,457) |
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| (421,457) |
| (20,469) |
Balance, end of year |
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| (14,135,744) |
| (13,450,338) |
| (14,135,744) |
| (13,450,338) | |||
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Interim Consolidated Contributed Surplus |
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(unaudited) |
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| Three months ended |
| Nine months ended | ||||
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| February 28, |
| February 28, | ||||
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
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| $ |
| $ |
| $ |
| $ |
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Balance, beginning of year |
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| 472,270 |
| 309,491 |
| 345,387 |
| 187,754 | |||
Expired warrants |
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| 62,049 | |||
Stock-based compensation - employees |
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| 64,378 |
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| 179,498 |
| 52,369 | ||||
Stock-based compensation - non-employees |
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| 19,754 |
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| 31,517 |
| 7,319 |
Balance, end of year |
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| 556,402 |
| 309,491 |
| 556,402 |
| 309,491 | |||
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Flux de trésorerie
Neptune Technologies & Bioressources inc. |
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Interim Consolidated Statement of Cash Flows |
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(unaudited) |
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| Three months ended |
| Nine months ended | ||||
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| February 28, |
| February 28, | ||||
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
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| $ |
| $ |
| $ |
| $ |
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OPERATING ACTIVITIES |
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Net Income (net loss) |
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| 1,038,321 |
| (344,613) |
| 268,150 |
| (1,235,486) | |||
Non-cash items |
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| Property and equipment |
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| 250,260 |
| 244,135 |
| 786,622 |
| 730,830 | ||
| Amortization of deferred financing costs |
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| 35,737 |
| 6,280 |
| 50,735 |
| 18,839 | |||
| Financial expenses |
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| 119,495 |
| 157,145 |
| 499,565 |
| 477,669 | ||
| Stock-based compensation - employees |
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| 64,378 |
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| 179,498 |
| 59,688 | |||
| Stock-based compensation - non-employees |
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| 19,754 |
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| 31,517 |
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| Gain on debt settlement |
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| (400,000) |
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| (400,000) |
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| Changes in working capital items |
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| (86,546) |
| (238,572) |
| (771,456) |
| (448,918) | |||
Cash flows from operating activities |
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| 1,041,399 |
| (175,625) |
| 644,631 |
| (397,378) | |||
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INVESTING ACTIVITIES |
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Immobilisations of property and equipment |
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| (11,451) |
| (8,305) |
| (16,544) |
| (10,320) | ||||
Intangible assets |
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| (17,738) |
| (22,858) |
| (70,739) |
| (52,202) | |||
Other assets |
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| (10,977) |
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Cash flows from investing activities |
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| (29,189) |
| (31,163) |
| (98,260) |
| (62,522) | |||
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FINANCING ACTIVITIES |
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Bank loan |
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| 500,000 |
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| 500,000 |
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Repayment of long-term debt |
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| (19,120) |
| (29,844) |
| (96,502) |
| (97,923) | |||
Debenture settlement |
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| (1,350,137) |
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| (1,350,137) |
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Issue of capital stock |
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| 698,719 |
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| 1,267,700 |
| 370,839 | |||
Issue of warrants |
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| 340,092 | |||
Share issue expenses |
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| (421,457) |
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| (421,457) |
| (15,280) | |||
Cash flows from financing activities |
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| (591,995) |
| (29,844) |
| (100,396) |
| 597,728 | |||
Increase (decrease) in cash and |
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cash equivalents |
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| 420,215 |
| (236,632) |
| 445,975 |
| 137,828 | |||
Cash and cash equivalents, beginning of period |
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| 207,710 |
| 327,820 |
| 181,950 |
| (46,640) | |||||
Cash and cash equivalents, end of period |
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| 627,925 |
| 91,188 |
| 627,925 |
| 91,188 | ||||
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Bilan
Neptune Technologies & Bioressources inc. |
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Interim Consolidated Balance Sheets |
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| Unaudited |
| Audited |
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| February 28, |
| 31 mai |
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| 2006 |
| 2005 |
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| $ |
| $ |
ASSETS |
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Current assets |
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| Cash |
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| 193,775 |
| 181,950 | |
| Short-term investment, interest 1% to 3.775% |
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| 434,150 |
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| Accounts receivable |
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| 1,770,012 |
| 1,154,379 | ||
| Research tax credits receivable |
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| 115,628 |
| 61,198 | ||
| Inventories |
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| 1,104,007 |
| 813,642 | ||
| Prepaid expenses |
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| 67,835 |
| 62,673 | ||
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| 3,685,407 |
| 2,273,842 |
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Property and equipment |
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| 3,487,243 |
| 3,881,552 | |||
Intangible assets |
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| 620,653 |
| 553,833 | |||
Other assets |
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| 241,461 |
| 588,118 | |||
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| 8,034,764 |
| 7,297,345 |
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LIABILITIES |
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Current liabilities |
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| Bank loan (note 3) |
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| 500,000 |
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| Accounts payable and accrued liabilities |
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| Company controlled by an officer and director |
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| 35,588 |
| 73,494 | ||||
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| Other |
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| 940,798 |
| 996,945 | |
| Instalments on long-term debt |
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| 550,071 |
| 841,917 | ||
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| 2,026,457 |
| 1,912,356 |
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LONG-TERM DEBT (Note 4) |
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| 3,153,420 |
| 2,868,780 | |||
LIABILITY COMPONENT OF CONVERTIBLE DEBENTURES (Note 5) |
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| 5,156,430 | ||||||||
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| 5,179,877 |
| 9,937,566 |
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SHAREHOLDERS' EQUITY (DEFICIENCY) |
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Capital stock and warrants (Note 6) |
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| 16,434,229 |
| 10,996,829 | |||
Contributed surplus |
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| 556,402 |
| 345,387 | |||
Deficit |
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| (14,135,744) |
| (13,982,437) | |
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| 2,854,887 |
| (2,640,221) |
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| 8,034,764 |
| 7,297,345 |
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Notes intérimaires
Neptune Technologies & Bioressources inc. |
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Notes to Interim Financial Statements |
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February 28, 2006 (unaudited) |
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1 - INTERIM FINANCIAL INFORMATION |
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These interim consolidated financial statements as at February 28, 2006 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 |
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conjunction with the audited annual consolidated financial statements and notes thereto in the Company's 2005 annual report. |
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2 - RELATED PARTY TRANSACTIONS |
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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 $17,452 ($11,844 in 2005). As at February 28, 2006, the balance due to this |
| ||||||||||||||
shareholder amounts to $35,588 ($73,494 as at May 31,2005). This amount is shown on the balance sheet under accounts payable and accrued | |||||||||||||||
liabilities. |
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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. |
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3 - BANK LOAN |
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The Company has at its disposal an authorized operating line of credit line of $500,000, and another credit facility for $500,000 at a prime rate plus 2.10% | |||||||||||||||
(7.35% at February 28). The bank loan is secured by first lien commercial mortgage on universality of creditors, taxes credits, accounts receivables, | |||||||||||||||
and inventories up to the amount of $1,000,000. The bank loan is renewable November 15, 2006. |
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4 - LONG TERM DEBT |
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| February 28, |
| May 31, |
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| 2006 |
| 2005 |
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| $ |
| $ |
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Mortgage loan, $1,200,000 par value, secured by processing and laboratory equipment having an |
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| ||||||||||
amortized cost of $2,744,821 in 2006, prime rate plus 6.25% (14.00% as at February 28, 2006 and |
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| ||||||||||
12.5% as at May 31, 2005), payable in monthly capital instalments of $26,650, whit moratorium |
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|
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| ||||||||||
until August 2006, maturing in Marsh 2012 |
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|
|
|
| 1,120,000 |
| 1,140,000 |
| ||||
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Mortgage loan, $980,000 par value less the net value of series "E" warrants, secured by the |
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| ||||||||||
universality of property, weekly variable interest rate determined by the lender plus 5.00% (11,75% as |
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| ||||||||||
at February, 2006 and 7% as at May 31, 2005), payable in 60 monthly capital instalments of $16,333 |
|
|
|
|
| ||||||||||
whit moratorium until August 2006, maturing in August 2011 |
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|
|
| 957,641 |
| 951,726 |
| ||||||
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Mortgage loan, $1,500,000 par value less the net value of the issued shares, secured by the |
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| ||||||||||
universality of property, weekly variable interest rate determined by the lender plus 3.00% (9,75% as |
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| ||||||||||
at February 28, 2006 and 8% as at May 31, 2005), payable in 60 monthly capital instalments of $25,000 |
|
|
|
|
| ||||||||||
whit moratorium until August 2006, maturing in August 2011 |
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|
|
|
| 1,439,241 |
| 1,420,810 |
| ||||||
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|
|
9% unsecured loan, payable in monthly blended instalments of $993, maturing in September 2005 |
|
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| 3,900 |
| ||||||||||
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Unsecured loan, without interest, matured |
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| 70,000 |
| 70,000 |
| ||||
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Obligations under capital leases, interest rates varying from 0.00% to 15.46%, payable in monthly |
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| ||||||||||
instalments of $7,235, maturing at different dates until August 2010 |
|
|
|
| 116,609 |
| 124,261 |
| |||||||
|
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|
|
| 3,703,491 |
| 3,710,697 |
|
Instalments due within one year |
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|
|
|
| 550,071 |
| 841,917 |
| |||
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|
|
| 3,153,420 |
| 2,868,780 |
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5 - LIABILITY COMPONENT OF CONVERTIBLE DEBENTURES |
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| February 28, |
| May 31, |
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| 2006 |
| 2005 |
|
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|
|
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|
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| $ |
| $ |
|
Unsecured convertible debenture (a face amount of $2,195,342, bearing interest at 15%) |
|
|
| 2,250,226 |
| ||||||||||
Secured convertible debenture (a face amount of $1,261,780, bearing interest at 15% compounded annually) |
|
| 1,668,704 |
| |||||||||||
Unsecured convertible debenture (a face amount of $1,000,000, bearing interest at 15%) |
|
|
| 1,237,500 |
| ||||||||||
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| 5,156,430 |
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6 - CAPITAL STOCK AND WARRANTS |
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| ||||||
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| February 28, |
| May 31, |
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|
|
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|
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| 2006 |
| 2005 |
|
|
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|
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|
|
| $ |
| $ |
|
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|
Issued and fully paid |
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|
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|
|
|
|
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|
| |||
32,938,789 common shares (25,594,805 common shares as at May 31, 2005) |
|
|
| 16,325,479 |
| 10,656,737 |
| ||||||||
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|
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|
|
|
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|
|
| 750 000 | series "H" warrants |
|
|
|
|
|
|
|
| 75,000 |
| 302,592 |
|
|
| 225 000 | series "I" warrants |
|
|
|
|
|
|
|
| 33,750 |
| 37,500 |
|
|
|
|
|
|
|
|
|
|
|
|
| 108,750 |
| 340,092 |
|
|
|
|
|
|
|
|
|
|
|
|
| 16,434,229 |
| 10,996,829 |
|
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|
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|
|
During the period, changes in the Company's issued capital stock were as follows: |
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| ||||||||
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| Number of |
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|
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|
|
|
|
|
|
|
|
| shares |
| Consideration |
|
|
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|
|
|
|
|
|
|
|
|
| $ |
|
Commun shares |
|
|
|
|
|
|
|
|
|
|
|
| |||
Balance as at November 30, 2005 |
|
|
|
|
|
|
|
| 27,870,727 |
| 11,453,310 |
| |||
Issued upon debentures convertion |
|
|
|
|
|
|
|
| 3,800,000 |
| 3,881,512 |
| |||
Issued for cash |
|
|
|
|
|
|
|
| 600,000 |
| 600,000 |
| |||
Issued in consideration of a dept settlement |
|
|
|
|
|
|
| 288,187 |
| 288,188 |
| ||||
Issued upon stock options exercised |
|
|
|
|
|
|
| 354,875 |
| 92,469 |
| ||||
Issued upon series "I" warrants |
|
|
|
|
|
|
|
| 25,000 |
| 10,000 |
| |||
Balance as at February 28, 2006 |
|
|
|
|
|
|
|
| 32,938,789 |
| 16,325,479 |
| |||
|
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|
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|
|
During the period, 25,000 series "I" warrants were exercised whit a compensation in cash of 6,250$ and a compensation of 25,000 common shares | |||||||||||||||
representing the attributed value at the emission of the series "I" warrants, July 13 2004. |
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| ||||||||||
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|
During the period, 354,875 stocks options were exercised whit a compensaiton in cash of $92,469 and a compensation of 354 875 common shares. | |||||||||||||||
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|
|
7 - STOCK-BASED COMPENSATION PLAN |
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| ||||||
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|
|
Activities within the plan are detailed as follows: |
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| |||||
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|
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|
|
| February 28, 2006 | 31 mai 2005 |
| |||||
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|
|
|
|
| Weighted |
|
|
| Weighted |
|
|
|
|
|
|
|
|
|
|
| average |
|
|
| average |
|
|
|
|
|
|
|
|
| Number of |
| exercise |
| Number of |
| exercise |
|
|
|
|
|
|
|
|
| options |
| price |
| options |
| price |
|
|
|
|
|
|
|
|
|
| $ |
|
|
| $ |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding, beginning of period |
|
|
| 3,975,000 |
| 0.26 |
| 2,280,000 |
| 0.88 |
| ||||
Awarded |
|
|
|
|
| 696,000 |
| 1.04 |
| 1,129,000 |
| 0.25 |
| ||
Exercise |
|
|
|
|
| (354,875) |
| 0.26 |
|
|
|
|
| ||
Cancelled |
|
|
|
|
| (371,250) |
| 0.32 |
| (483,000) |
| 0.80 |
| ||
Exercise price amendment |
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|
|
|
|
|
|
|
|
|
|
| |||
| Former price |
|
|
|
|
|
|
|
| (1,920,000) |
| 0.85 |
| ||
| New price |
|
|
|
|
|
|
|
| 1,920,000 |
| 0.25 |
| ||
Options outstanding, end of period |
|
|
|
| 3,944,875 |
| 0.39 |
| 2,926,000 |
| 0.25 |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable options, end of period |
|
|
|
| 1,040,875 |
| 0.25 |
| 1,430,000 |
| 0.25 |
| |||
|
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|
|
|
| February 28, 2006 |
|
|
|
|
|
|
| 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 |
| 28-02-2006 |
| 28-02-2006 |
| price |
|
|
|
|
|
|
| $ |
|
|
|
|
|
|
| $ |
|
|
|
|
|
|
| 0.25 |
| 2.98 |
| 3,233,875 |
| 1,040,875 |
| 0.25 |
|
|
|
|
|
|
| 0.75 |
| 4.74 |
| 20,000 |
|
|
|
|
|
|
|
|
|
|
| 0.80 |
| 4.77 |
| 25,000 |
|
|
|
|
|
|
|
|
|
|
| 1.00 |
| 2.81 |
| 216,000 |
|
|
|
|
|
|
|
|
|
|
| 1.15 |
| 4.89 |
| 450,000 |
|
|
|
|
|
|
|
|
|
|
| 0.39 |
| 3.75 |
| 3,944,875 |
| 1,040,875 |
| 0.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On December 8, 2005, the Company granted 30,000 stock options to non-employees at an exercise price of $0,80 per share. The fair value of each | |||||||||||||||
option granted has been estimated according to the Black-Scholes option pricing model using the following assumptions: |
|
|
| ||||||||||||
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
i) | Fair value of the common shares at $0.88 |
|
|
|
|
|
|
|
|
|
|
| |||
ii) | Risk-free interest rate of 3.89% |
|
|
|
|
|
|
|
|
|
|
|
| ||
iii) | Estimated life of five years |
|
|
|
|
|
|
|
|
|
|
|
| ||
iv) | Expected volatility of 119% |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The fair value of the options granted is $0.7409 per option. |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 - STOCK-BASED COMPENSATION PLAN (continued) |
|
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On December 20, 2005, the Company granted 216,000 stock options to non-employees at an exercise price of $1,15 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 $1.15 |
|
|
|
|
|
|
|
|
|
|
| |||
ii) | Risk-free interest rate of 3.84% |
|
|
|
|
|
|
|
|
|
|
|
| ||
iii) | Estimated life of three years |
|
|
|
|
|
|
|
|
|
|
|
| ||
iv) | Expected volatility of 118% |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The fair value of the options granted is $0.8172 per option. |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On January 31, 2006, the Company granted 450,000 stock options to non-employees at an exercise price of $1,00 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 $0,94 |
|
|
|
|
|
|
|
|
|
|
| |||
ii) | Risk-free interest rate of 3.86% |
|
|
|
|
|
|
|
|
|
|
|
| ||
iii) | Estimated life of four years |
|
|
|
|
|
|
|
|
|
|
|
| ||
iv) | Expected volatility of 118% |
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The fair value of the options granted is $0.7286 per option. |
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
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During the period ended February 28, 2006, an amount of $64,378 (nil in 2005) representing employees' vested interests during the |
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period was expensed as compensation. An amount of $19,754 (nil in 2005) representing non-employees' vested interests during the period |
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was expensed. |
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8 - FINANCIAL INSTRUMENTS |
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The Company had concluded a foreign exchange contract to protect is future cash flows in US currencies. At the end of the contract, the Company | |||||||||||||||
must sell an amount of 100,000 US dollars for a counterpart in canadian currency, at an exchange rate of 1,15, maturing in May 31, 2006. |
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Frais
Neptune Technologies & Bioressources inc. |
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Informations |
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| 4/25/2006 17:36 | |||||
28 février 2006, (non vérifiées) |
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3 - INFORMATIONS SUR LES PROJETS DE RECHERCHE EN COURS |
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Les coûts encourus pour les projets de recherche en cours sont : |
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| Période de trois mois |
| Nine months ended | ||||
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| February 28, |
| February 28, | ||||
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
|
|
|
|
|
|
|
| $ |
| $ |
| $ |
| $ |
Salaires et charges sociales |
|
|
|
| 94,807 |
| 50,512 |
| 241,036 |
| 154,314 | |||
Sous-traitance |
|
|
|
| 443 |
|
|
| 14,591 |
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| |||
Frais de maintien de brevets |
|
|
|
| 1,998 |
| 472 |
| 3,725 |
| 2,222 | |||
Frais de déplacements et de représentations |
|
|
| 59 |
| 813 |
| 59 |
| 1,635 | ||||
|
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|
|
|
|
|
| 97,307 |
| 51,797 |
| 259,411 |
| 158,171 |
Crédits d'impôts à la recherche |
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| (20,701) |
| (14,755) |
| (54,430) |
| (42,486) | |||
Frais de recherche |
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| 76,606 |
| 37,042 |
| 204,981 |
| 115,685 | |||
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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. |
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4 - INFORMATIONS SUR LES FRAIS D'ADMINISTRATION |
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| Three months ended |
| Nine months ended | ||||
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| February 28, |
| February 28, | ||||
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
|
|
|
|
|
|
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| $ |
| $ |
| $ |
| $ |
Salaires et charges sociales |
|
|
|
| 183,731 |
| 107,259 |
| 501,583 |
| 314,060 | |||
Conseil d'administration |
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|
|
| 12,999 |
| 12,999 |
| 29,456 |
| 38,997 | |||
Représentations et déplacements |
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|
|
| 14,860 |
| 9,283 |
| 46,694 |
| 33,885 | |||
Loyer |
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|
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| 28,590 |
| 28,058 |
| 85,769 |
| 83,664 | |
Entretien et réparation |
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| 4,449 |
| 1,320 |
| 10,283 |
| 3,999 | |||
Assurances |
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|
|
| 12,303 |
| 17,258 |
| 43,359 |
| 61,528 | |||
Communications |
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|
|
| 8,686 |
| 5,827 |
| 23,006 |
| 16,653 | |||
Taxes et permis |
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|
|
| 10,664 |
| 15,243 |
| 31,743 |
| 45,322 | |||
Frais de bureau |
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|
|
| 21,377 |
| 7,256 |
| 41,261 |
| 15,833 | |||
Honoraires professionnels |
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| 75,012 |
| 42,502 |
| 136,425 |
| 121,007 | |||
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|
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| 372,671 |
| 247,005 |
| 949,579 |
| 734,948 |
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5 - INFORMATIONS SUR LES FRAIS FINANCIERS |
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| Three months ended |
| Nine months ended | ||||
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| February 28, |
| February 28, | ||||
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| 2006 |
| 2005 |
| 2006 |
| 2005 |
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| $ |
| $ |
| $ |
| $ |
Frais bancaires et contrats |
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|
| 7,996 |
| 695 |
| 35,324 |
| 2,490 | |||
Intérêts - emprunt à court terme |
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| 3,786 |
|
|
| 5,017 |
|
| |||
Intérêts - dette à long terme |
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|
|
| 124,341 |
| 92,824 |
| 312,878 |
| 284,116 | |||
Intérêts - composante passif des débentures convertibles |
| 110,413 |
| 148,164 |
| 475,219 |
| 444,493 | ||||||
Amortissement - frais de financement reportés |
|
| 35,737 |
| 6,280 |
| 50,735 |
| 18,839 | |||||
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| 282,273 |
| 247,963 |
| 879,173 |
| 749,938 |
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6 - IMMOBILISATIONS |
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| February 28, 2006 |
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| Amortissement |
| Écart non |
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| Coût |
| cumulé |
| amorti |
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| $ |
| $ |
| $ |
Améliorations locatives - siège social |
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| 52,149 |
| 38,630 |
| 13,519 | ||||
Améliorations locatives - transformation |
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|
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| 746,002 |
| 255,195 |
| 490,807 | ||||
Mobilier et agencement |
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| 98,230 |
| 61,388 |
| 36,842 | |||
Équipement de bureau |
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| 66,659 |
| 46,271 |
| 20,388 | |||
Équipement de transformation |
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| 3,616,418 |
| 984,773 |
| 2,631,645 | |||
Équipement de laboratoire |
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|
|
| 236,917 |
| 123,742 |
| 113,175 | |||
Système informatique |
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|
|
| 72,899 |
| 74,792 |
| 64,256 |
| 10,536 | |||
Logiciels |
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| 2,350 |
| 2,350 |
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| 4,893,517 |
| 1,576,605 |
| 3,316,912 |
Biens loués en vertu de contrats de location-acquisition |
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| ||||||
| Équipement de transformation |
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|
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| 29,960 |
| 7,246 |
| 22,714 | ||
| Équipement de laboratoire |
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|
|
| 173,460 |
| 86,855 |
| 86,605 | ||
| Équipement de bureau |
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|
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| 72,240 |
| 11,228 |
| 61,012 | ||
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|
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| 5,169,177 |
| 1,681,934 |
| 3,487,243 |
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| 31 mai 2005 |
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|
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| Amortissement |
| Écart non |
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| Coût |
| cumulé |
| amorti |
|
|
|
|
|
|
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|
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| $ |
| $ |
| $ |
Améliorations locatives - siège social |
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|
|
| 52,149 |
| 34,719 |
| 17,430 | ||||
Améliorations locatives - transformation |
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|
|
|
| 741,652 |
| 148,330 |
| 593,322 | ||||
Mobilier et agencement |
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|
|
|
|
| 98,230 |
| 54,882 |
| 43,348 | |||
Équipement de bureau |
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|
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| 66,659 |
| 40,352 |
| 26,307 | |||
Équipement de transformation |
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|
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| 3,506,418 |
| 691,542 |
| 2,814,876 | |||
Équipement de laboratoire |
|
|
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|
|
| 227,358 |
| 89,639 |
| 137,719 | |||
Système informatique |
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|
|
|
|
| 72,157 |
| 55,539 |
| 16,618 | |||
Logiciels |
|
|
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|
|
|
| 2,350 |
| 2,350 |
|
| ||
|
|
|
|
|
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|
|
| 4,766,973 |
| 1,117,353 |
| 3,649,620 |
Biens loués en vertu de contrats de location - acquisition |
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|
|
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|
|
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| ||||||
| Équipement de transformation |
|
|
|
|
|
| 139,960 |
| 26,999 |
| 112,961 | ||
| Équipement de laboratoire |
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|
|
|
| 173,460 |
| 60,836 |
| 112,624 | ||
| Équipement de bureau |
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|
|
| 7,290 |
| 943 |
| 6,347 | ||
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|
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| 5,087,683 |
| 1,206,131 |
| 3,881,552 |
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7 - ACTIFS INCORPORELS |
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|
|
| February 28, 2006 |
|
|
|
|
|
|
|
|
|
|
|
| Amortissement |
| Écart non |
|
|
|
|
|
|
|
|
|
| Coût |
| cumulé |
| amorti |
|
|
|
|
|
|
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|
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| $ |
| $ |
| $ |
Actifs incorporels amortissables |
|
|
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|
|
|
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|
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|
| |||
| Brevets |
|
|
|
|
|
| 561,143 |
| 8,140 |
| 553,003 | ||
| Licence |
|
|
|
|
|
| 7,500 |
| 2,063 |
| 5,437 | ||
|
|
|
|
|
|
|
|
|
| 568,643 |
| 10,203 |
| 558,440 |
Actifs incorporels non amortissables |
|
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|
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|
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|
| ||||
| Marques de commerce |
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|
|
|
|
| 62,213 |
|
|
| 62,213 | ||
|
|
|
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|
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|
|
|
| 630,856 |
| 10,203 |
| 620,653 |
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| 31 mai 2005 |
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|
|
| Amortissement |
| Écart non |
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|
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|
|
| Coût |
| cumulé |
| amorti |
|
|
|
|
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|
|
|
|
| $ |
| $ |
| $ |
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 |
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|
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|
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|
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|
| ||||
| Marques de commerce |
|
|
|
|
|
| 34,329 |
|
|
| 34,329 | ||
|
|
|
|
|
|
|
|
|
| 560,116 |
| 6,283 |
| 553,833 |
|
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8 - AUTRES ÉLÉMENTS D'ACTIFS |
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| ||||
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| February 28, |
| 31 mai |
|
|
|
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|
|
|
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|
|
| 2006 |
| 2005 |
|
|
|
|
|
|
|
|
|
|
|
| $ |
| $ |
Frais de démarrage, au coût non amorti |
|
|
|
|
|
|
| 102,298 |
| 409,197 | ||||
Frais de financement reportés, au coût non amorti |
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|
|
|
| 39,163 |
| 78,921 | ||||||
Dépôts |
|
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|
|
|
|
|
|
|
| 100,000 |
| 100,000 | |
|
|
|
|
|
|
|
|
|
|
|
| 241,461 |
| 588,118 |
|
|
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|
Ne pas imprimer
Neptune Technologies & Bioressources inc. |
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| |||||||||
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|
Détails coût des ventes et frais d'exploitation |
| 38832.7335 |
| ||||||||||
aux 31 août 2005 et 2004 |
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|
|
|
|
|
|
| 31 août |
| 31 août |
| ÉCART | |
|
|
|
|
|
|
|
| 2005 |
| 2004 |
| $ CDN | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COÛT DES VENTES |
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| |||
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|
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|
|
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% | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|