|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: GOLDONLINE INTERNATIONAL INC, 8-K, EX-99.2, 2000-11-13 |
Next: GOLDONLINE INTERNATIONAL INC, 8-K, EX-99.4, 2000-11-13 |
<PAGE> 1
GOLDONLINE INTERNATIONAL, INC.
PRO FORMA COMBINED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED JULY 31, 2000
EXHIBIT 99.3
(Unaudited)
<TABLE>
<CAPTION>
GOLDONLINE HMS
INTERNATIONAL JEWELRY ADJUSTMENTS PRO FORMA
<S> <C> <C> <C> <C> <C>
Sales and revenues $ 1,634,962 14,564,421 16,199,383
Cost of sales 1,023,215 10,780,192 11,803,407
--------------------------- ------------
Gross profit 611,747 3,784,229 4,395,976
Selling, general and administrative expenses 883,613 2,128,117 (1) 180,000 3,430,820
(2) 239,090
--------------------------- ------------
Earnings (loss) from operations (271,866) 1,656,112 965,156
Other income (expense):
Interest expense (30,515) (171,337) (3) (200,000) (401,852)
Interest and other income 61,268 206,398 267,666
--------------------------- ------------
30,753 35,061 (134,186)
--------------------------- ------------
Earnings (loss) before income taxes (241,113) 1,691,173 830,970
Income tax expense (benefit) (26,456) (4) 365,000 338,544
--------------------------- ------------
Net earnings (loss) (214,657) 1,691,173 492,426
=========================== ============
Basic and diluted earnings (loss) per share (0.002) 0.006
============ ============
Weighted average shares outstanding 89,381,618 89,381,618
============ ============
</TABLE>
<PAGE> 2
GOLDONLINE INTERNATIONAL, INC.
PRO FORMA COMBINED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED JULY 31, 2000
PRO FORMA ADJUSTMENTS
(Unaudited)
<TABLE>
<CAPTION>
DEBIT CREDIT
<S> <C> <C>
(1)
Selling, general and administrative expenses 180,000
Record salary of CEO
(2)
Selling, general and administrative expenses 239,090
Record goodwill amortization
(3)
Interest expense 200,000
Record interest on $2,500,000 debt
(4)
Income tax expense 365,000
</TABLE>
Record income taxes based upon combined earnings
|
|