ORBIT GAR ANT DRILLING INC. NOTES TO THE UNA UDITED PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME (Continued) 4. FOR AGE ORBIT INC. FINANCIAL INFORMA TION The column ‘‘F orage Orbit Inc.’’ on the unaudited pro forma statement of earnings and comprehensive income includes the operati ons of F orage Orbit Inc. (consolidated) for the 7 months ended January 31, 2007 which were determined as follows (before acquisitio n on January 31, 2007): F orage Orbit inc F orage Orbit inc F orage Orbit inc year ended 5 months ended 7 months ended January 31, June 30, January 31, 2007 2006 2007 $$$ (1) (2) (1) - (2) CONTR A CT REVENUE .......................... 30,495,394 12,191,598 18,303,796 COST OF CONTR A CT REVENUE ................... 18,570,520 7,983,112 10,587,408 GROSS PROFIT ............................... 11,924,874 4,208,486 7,716,388 EXPENSES General and administrative ........................ 1,337,871 476,110 861,761 Amortization of capital assets ...................... 1,042,417 373,929 668,488 L oss on sale of capital assets ....................... 3 7 8 — 3 7 8 F oreign exchange gain ........................... (87,072) (42,047) (45,025) Gain on sale of long-term investments ................. (47,036) (44,501) (2,535) Interest on long-term debt ........................ 170,159 63,160 106,999 Interest and bank charges ......................... 128,432 48,695 79,737 2,545,149 875,346 1,669,803 EARNINGS BEFORE THE FOLLOWING ITEMS ......... 9,379,725 3,333,140 6,046,585 SHARE IN NET EARNINGS OF A COMP ANY SUBJECT TO A SIGNIFICANT INFL UENCE .................... 64,802 27,001 37,801 EARNINGS BEFORE INCOME T A XES ................ 9,444,527 3,360,141 6,084,386 INCOME T A XES ............................... 3,173,309 1,182,097 1,991,212 NET EARNINGS BEFORE NON-CONTROLLING INTEREST . 6,271,218 2,178,044 4,093,174 NON-CONTROLLING INTEREST ................... 132,692 34,672 98,020 NET EARNINGS ............................... 6,138,526 2,143,372 3,995,154 F-58