Financial Information

CONSOLIDATED STATEMENT OF RETAINED EARNINGS

  2005 2004
  $ $
Retained Earnings, beginning of year:    
As previously reported 4,528,147 3,252,161
Restatement of consolidated financial
statements (Note 3)
(3,656,719) (2,684,333)
As restated 871,428 567,828
Net income for the year 810,214 303,600
Retained earnings, end of year $1,681,642 $871,428

See accompanying notes to financial statements.

CONSOLIDATED STATEMENT OF RETAINED EARNINGS

  2005 2004
    (Note 3)
Revenue 17,227,494 14,393,779
Cost of Sales 3,688,697 3,320,404
Gross Profit 13,538,797 11,073,375
Expenses    
Selling 5,966,172 4,812,790
General and administrative 3,202,301 3,210,444
  9,168,473 8,023,234
Income from operations    
before other expenses: 4,370,324 3,050,140
Other expenses:    
Amortization:    
Property, Plant and Equipment 2,185,598 1,598,352
Deferred charges 9,592 10,404
Intangible assets 752,577 490,412
Interest (Note 9) 96,850 146,740
  35,145  
  3,079,762 2,245,908
Income before income taxes 1,290,563 804,232
Income taxes (Note 10) 480,349 500,632
Net income for the year $810,214 $303,600
Basic net income per common share, ( Note 13) $ 0.07 $ 0.03
Diluted net income per common share, ( Note 13) $ 0.07 $ 0.03

See accompanying notes to financial statements.


Ask a Question

First Name *
Last Name *
Email *
Phone *
Reach Me
State/Province *
Message
Characters Left
  Submit

Testimonials

  • On the occasions we have had to talk to Central Station, your representatives have always been very patient and courteous.
    -Donna, AB
  • Getting AlarmForce was one of the best things we ever did for our family. Last summer we were notified via cell phone of a potential break-in. We were 5 minutes away from our home and when we arrived an official AlarmForce security person was already at our home. Fortunately we believe one of our cats set the alarm off and it was a false alarm but the speed that AlarmForce used was incredibly comforting for us. Thank you. AlarmForce to us is a necessity not a luxury and gives us complete peace of mind. I also appreciate the "emergency" button on the control panel, especially when I have my elderly parents (both with health issues) staying with us. Being that they live out of town and do not know this area very well, if I leave them alone to run errands, etc. I simply remind them if there is a health issue, just press this button and the phone will ring within minutes (we are equipped for voip). Thank you again AlarmForce and continued success with your excellent products, staff and service!
    -Gordon, ON
  • We have had other alarm companies in the past and were very selective when choosing our alarm company on our last move. We checked out the local and national competitors. AlarmForce openly discussed the prices and service contract while others did not. AF also is one of the fewer companies that offer live voice through a speaker and can monitor any situation. This is great for our family and two children as it makes them feel safer knowing there is a LIVE person to talk to - or they can monitor what's really happening in our house. Sales staff is professional and never pushy.
    -Jody S. - St. Albert, AB
  • Still the best value in the industry!
    -Dave, ON
  • Thanks for being so nice when we accidentally set off the alarm.
    -Sue, BC
  • Doing a great job! Can't beat it for the money.
    -Lonnie, NC
  • I recently had some service done to our alarm system and after retelling the story my father had suggested that I email you about the experience. In fact, it really was no different then past service visits we have had with AlarmForce. The three guys I have seen over the last few years have all been fairly young and each of them has pleasantly surprised me with their professional demeanor. Each one of them has been courteous, friendly and organized. it starts with them showing up on time for the appointment, taking their shoes off without having to be asked, respecting their surroundings and always offering up advice or guidance with the system. In fact. even the service I receive on the phone from your central station has always been pleasant and professional. So all said, you've done an excellent job at training them to provide an exceptional customer experience. Anyways, I thought I'd share.
    -Jamie, QC
  • Your whole team is superb.  We have highly recommended AlarmForce to anyone who asks.  Keep up the great work!
    -Spencer, ON
View Testimonials
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23