FOR AGE ORBIT INC. CONSOLID A TED ST A TEMENTS OF EARNINGS Y ears ended January 31, 2007 and 2006 2007 2006 $$ CONTR A CT REVENUE .......................................... 30,495,394 21,137,379 COST OF CONTR A CT REVENUE .................................. 18,570,520 17,078,775 GROSS PROFIT ................................................ 11,924,874 4,058,604 EXPENSES General and administrative ....................................... 1,337,871 1,081,095 Amortization of capital assets ...................................... 1,042,417 830,818 L oss on sale of capital assets ...................................... 3 7 8 10,037 Interest on long-term debt ........................................ 170,159 132,659 Interest and bank charges ........................................ 128,432 50,060 F oreign exchange losses (gain) ..................................... (87,072) 7,142 Gain on sale of long-term investments ............................... (47,036) (25,165) 2,545,149 2,086,646 EARNINGS BEFORE THE FOLLOWING ITEMS ...................... 9,379,725 1,971,958 SHARE OF NET EARNINGS OF COMP ANY SUBJECT TO SIGNIFICANT INFL UENCE ................................................. 64,802 24,459 EARNINGS BEFORE INCOME T A XES AND NON-CONTROLLING INTEREST .................................................. 9,444,527 1,996,417 INCOME T A XES (Note 10) Current ..................................................... 3,097,617 552,232 F uture ...................................................... 75,692 14,615 3,173,309 566,847 EARNINGS BEFORE NON-CONTROLLING INTEREST ................. 6,271,218 1,429,570 NON-CONTROLLING INTEREST .................................. 132,692 — NET EARNINGS ............................................... 6,138,526 1,429,570 F-29