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Grain Wealth (0001470701)

Tuesday, February 8, 2011

GRAIN WEALTH LIMITED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)
	For the three months Ended
	September 30,
	2010			2009			Variance		%


NET REVENUES	$	7,523,433		$	3,829,380		$	3,694,053		96	%
COST OF REVENUES		5,447,965			2,377,195			3,070,770		129	%
GROSS PROFIT		2,075,468			1,452,185			623,283		43	%
		-
OPERATING EXPENSES:		-
Selling and marketing expenses		245,660			204,507
General and administrative expenses		212,456			164,027			48,429		30	%
Total Operating Expenses		458,116			368,534			89,582		24	%
		-
INCOME FROM OPERATIONS		1,617,352			1,083,651			533,701		49	%

OTHER (EXPENSE) INCOME:
Interest income		-			-
Interest expense		(96,814	)		(80,336	)
Non-operational income		14,749			20,359
Total Other (Expense) Income		(82,065	)		(59,977	)
		-
INCOME BEFORE INCOME TAXES		1,535,287			1,023,674			511,613		50	%
INCOME TAXES		-			-
NET INCOME	$	1,535,287		$	1,023,674			511,613		50	%

COMPREHENSIVE INCOME:
Net Income	$	1,535,287		$	1,023,674			511,613		50	%
Other Comprehensive Income:
Foreign currency translation gain		265,884			10,144			255,740		2521	%
TOTAL COMPREHENSIVE INCOME	$	1,801,171		$	1,033,818			767,353		74	%

BASIC AND DILUTED INCOME PER COMMON SHARE	$	153.53		$	102.37		$	51.16		50	%

BASIC AND DILUTED WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING		10,000			10,000

GRAIN WEALTH LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	For the Years Ended
	June 30,
	2010			2009			Variance		%

NET REVENUES	$	25,098,672		$	18,734,371		$	6,364,301		34	%
COST OF REVENUES		15,978,235			12,083,734			3,894,501		32	%
GROSS PROFIT		9,120,437			6,650,637			2,469,800		37	%

OPERATING EXPENSES:
Selling and marketing expenses		1,239,766			1,125,819
General and administrative expenses		967,548			761,331			206,217		27	%
Total Operating Expenses		2,207,314			1,887,150			320,164		17	%

INCOME FROM OPERATIONS		6,913,123			4,763,487			2,149,636		45	%

OTHER (EXPENSE) INCOME:
Interest income		5,334			5,604
Interest expense		(397,272	)		(463,397	)
Non-operational income		166,935			85,414
Total Other (Expense) Income		(225,003	)		(372,379	)

INCOME BEFORE INCOME TAXES		6,688,120			4,391,108			2,297,012		52	%
INCOME TAXES		-			-
NET INCOME	$	6,688,120		$	4,391,108			2,297,012		52	%

COMPREHENSIVE INCOME:
Net Income	$	6,688,120		$	4,391,108			2,297,012		52	%
Other Comprehensive Income:
Foreign currency translation gain		39,961			20,810			19,151		92	%
TOTAL COMPREHENSIVE INCOME	$	6,728,081		$	4,411,918			2,316,163		52	%