FINANCIAL HIGHLIGHTS

INCOME STATEMENT DATA (in thousands of dollars, except percentages, earnings per share and shares outstanding)

 

2014

2013

2012

2011

2010

 
  IFRS IFRS IFRS IFRS CGAAP  

Revenue

141,930

154,995

148,219

157,621

164,217

 

Cost of Sales

73,697

76,579

71,513

71,352

77,438

 

Gross Profit

68,233

78,416

76,706

86,269

86,779

 

Selling, General & Administrative Expenses

79,086

76,620

71,357

75,618

75,714

 

Interest Income

(118)

(236)

(229)

(160)

(46)

 

Interest Expense

59

51

51

103

162

 

Earnings (Loss) Before Income Taxes

(10,794)

1,981

5,527

10,708

10,949

 

Income Tax Expense (Recovery)

(3,131)

570

1,524

3,140

3,730

 

Net Earnings (Loss)

(7,663)

1,411

4,003

7,568

7,219

 

 

 

 

 

 

 

 

Net Earnings (Loss) Per Share

 

 

 

 

 

 
Basic ($2.00) $0.34 $0.86 $1.62 $1.30  
Diluted ($2.00) $0.33 $0.83 $1.55 $1.28  
Shares Outstanding at Year-End 3,854,168 3,832,168 4,646,902 4,678,135 4,568,169  
             
Supplemental Information:            
EBITDA (1) (6,545) 5,357 9,029 14,564 15,310  
Adjusted EBITDA (1) (4,568) 5,381 8,784 14,875 14,984  
             
SELECTED BALANCE SHEET DATA            
Cash 13,507 24,541 34,332 28,698 26,563  
Working Capital 29,180 37,961 49,217 46,110 37,336  
Total Assets 60,629 69,049 78,612 76,084 74,071  
Share Capital 11,772 11,533 15,040 15,160 14,176  
Shareholders' Equity 48,407 55,909 65,491 61,928 54,821  
             
SELECTED FINANCIAL INFORMATION            
 
2014
2013
2012
2011
2010
 
 
IFRS
IFRS
IFRS
IFRS CGAAP  
Comparable store sales increase (decrease) (10%) 5% (6%) (4%) 4%  
             
Revenue ($000)            
Shopping Mall/Street Front/Direct Sales 89,122 98,456 93,735 95,978 98,939  
Power Centre 52,808 56,539 54,484 61,643 65,278
Total 141,930 154,995 148,219 157,621 164,217  
             
Retail Square Footage            
Shopping Mall/Street-Front 123,711 123,463 119,343 117,981 117,250  
Power Centre 159,592 159,918 173,493 188,069 201,677  
Total 283,303 283,381 292,836 306,050 318,927  
             
Number of Stores            
Shopping Mall/Street-Front 62 62 61 59 58  
Power Centre 28 27 28 30 32  
Total 90 89 89 89 90  

 

(1)              EBITDA is defined as net earnings (loss) before interest expense, interest income, income taxes and amortization. Adjusted EBITDA is defined as EBITDA before impairment loss on property and equipment, foreign exchange loss (gain) and termination benefits. EBITDA is a financial metric used by management and some investors to compare companies on the basis of ongoing operating results before interest expense, interest income, income taxes and amortization and its ability to incur and service debt. Adjusted EBITDA is a financial metric used by management and some investors to compare EBITDA (as defined above) before impairment loss on property and equipment, foreign exchange loss (gain) and termination benefits.  EBITDA and Adjusted EBITDA is also used by management to measure performance against internal targets, prior period results and other retailers.  EBITDA and Adjusted EBITDA are not recognized measures for financial presentation under International Financial Reporting Standards ("IFRS") nor should they construed as an alternative to other financial measures determined in accordance with IFRS. Non-GAAP earnings measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other issuers. A reconciliation of EBITDA and Adjusted EBITDA can be found in Danier's 2014 Fourth Quarter and Year-End Press Release.