ORBIT GAR ANT DRILLING INC. NOTES TO THE UNA UDITED PRO FORMA CONSOLID A TED ST A TEMENT OF EARNINGS AND COMPREHENSIVE INCOME (Continued) 3. PRO FORMA ADJUSTMENTS (a) The pro forma consolidated statement of earnings and comprehensive income for the 12 months ended March 31, 2007 reflects th e pro forma adjustment of $2,562,564 required to present 12 months of amortization expense relating to the acquired intangible assets of Garant and Orbit (see Note 2). Similarly, the pro forma consolidated statements of earnings and comprehensive income for the 3 months ended March 31, 2007 reflect an increase of $137,891 in amortization of intangible assets. The corresponding adjustments to future income taxes amount to $805,414 for the 12 months ended March 31, 2007 and $43,339 for the three months ended March 31, 2007. (b) F or the purpose of the pro forma consolidated statement of earnings and comprehensive income for the 12 months ended March 31, 2008, no adjustments were needed for the amortization of intangible assets. (c) The pro forma consolidated statements of earnings and comprehensive income for the 12 months ended March 31, 2008, 12 months ended March 31, 2007 and 3 months ended March 31, 2007 do not give effect to the reduction of interest expense on long-term debt relating to the use of a part of the net proceeds of the offering to repay debt. 4. DRIF T FINANCIAL INFORMA TION The column ‘‘Drift’’ on the unaudited pro forma consolidated statement of earnings and comprehensive income for the 12 months ended March 31, 2008 includes the operations of Phyl-Don Holdings and Management Ltd., Drift Exploration Drilling Inc. and Drif t de Mexico S.A. De C.V . for the 16 days ended April 16, 2007 which were derived as follows (before acquisition on April 16, 2007): Phyl-Don Holdings and Drift Exploration Drift de Drift Management Ltd. Drilling Inc. Mexico S.A . De C.V . 16 days 16 days ended 16 days ended 16 days ended ended April 16, April 16, April 16, April 16, 2007 2007 2007 2007 $$ $ $ CONTR A CT REVENUE .................. 100,000 88,554 52,594 241,148 COST OF CONTR A CT REVENUE ........... 32,389 35,053 100,000 167,442 GROSS PROFIT ........................ 67,611 53,501 (47,406) 73,706 EXPENSES General and administrative ................ 26,105 2,137 — 28,242 Amortization of capital assets .............. 4,294 1,425 — 5,719 F oreign exchange gain ................... (5,477) — — (5,477) 24,922 3,562 — 28,484 EARNINGS (LOSS) BEFORE THE FOLLOWING ITEMS ............................. 42,689 49,939 (47,406) 45,222 OTHER REVENUE (EXPENSES) ............ 150,000 (150,000) — — EARNINGS (LOSS) BEFORE INCOME T A XES . . . 192,689 (100,061) (47,406) 45,222 INCOME T A XES (RECO VER Y) ............. 66,083 (25,015) (11,852) 29,216 NET EARNINGS (NET LOSS) .............. 126,606 (75,046) (35,554) 16,006 F-64