Gulf & Pacific Equities Corp.

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	4.7M	4.4M	4.2M	4.0M
Operating Revenue	3.2M	3.0M	2.7M	2.7M
Cost Of Revenue	1.9M	1.9M	1.9M	1.6M
Gross Profit	2.8M	2.5M	2.3M	2.3M
Selling General And Administration	854,414	804,018	797,009	879,418
General And Administrative Expense	854,414	804,018	797,009	879,418
Depreciation And Amortization In Income Statement	18,988	19,051	19,737	19,736
Other Operating Expenses	--	--	-1,814	-23,472
Operating Expense	873,402	823,069	814,932	875,682
Operating Income	1.9M	1.7M	1.5M	1.5M
EBIT	1.9M	2.9M	3.1M	5.9M
Interest Expense	1.7M	1.6M	1.3M	1.1M
Interest Expense Non Operating	1.7M	1.6M	1.3M	1.1M
Net Interest Income	-1.7M	-1.6M	-1.3M	-1.1M
Other Income Expense	-21,487	1.1M	1.6M	4.4M
Other Non Operating Income Expenses	18,545	447,086	25,575	174,900
Special Income Charges	-9,549	-131,572	0.00	0.00
Write Off	9,549	131,572	0.00	0.00
Gain On Sale Of Security	-30,483	831,695	1.6M	4.2M
Pretax Income	234,972	1.3M	1.8M	4.8M
Tax Provision	40,000	94,000	236,000	364,000
Tax Effect Of Unusual Items	-6,815	52,414	210,231	325,325
Net Income From Continuing And Discontinued Operation	194,972	1.2M	1.6M	4.4M
Net Income From Continuing Operation Net Minority Interest	194,972	1.2M	1.6M	4.4M
Net Income Including Noncontrolling Interests	194,972	1.2M	1.6M	4.4M
Net Income Common Stockholders	194,972	1.2M	1.6M	4.4M
Net Income	194,972	1.2M	1.6M	4.4M
EBITDA	1.9M	2.9M	3.1M	5.9M
Normalized EBITDA	2.0M	2.2M	1.5M	1.7M
Reconciled Depreciation	18,988	19,051	19,737	19,736
Basic EPS	0.01	0.05	0.07	0.21
Diluted EPS	0.01	0.05	0.07	0.21
Basic Average Shares	21.4M	21.3M	21.3M	21.3M
Diluted Average Shares	22.0M	22.0M	21.7M	21.4M
Total Unusual Items	-40,032	700,123	1.6M	4.2M
Total Unusual Items Excluding Goodwill	-40,032	700,123	1.6M	4.2M
Tax Rate For Calcs	0.17	0.07	0.13	0.08
Normalized Income	228,189	513,911	171,762	466,433
Amortization	18,988	19,051	19,737	19,736
Amortization Of Intangibles Income Statement	18,988	19,051	19,737	19,736
Depreciation Amortization Depletion Income Statement	18,988	19,051	19,737	19,736
Diluted NI Availto Com Stockholders	194,972	1.2M	1.6M	4.4M
Net Income Continuous Operations	194,972	1.2M	1.6M	4.4M
Net Non Operating Interest Income Expense	-1.7M	-1.6M	-1.3M	-1.1M
Other Gand A	518,340	487,406	478,264	448,472
Reconciled Cost Of Revenue	1.9M	1.9M	1.9M	1.6M
Rent And Landing Fees	27,044	27,505	27,068	27,068
Rent Expense Supplemental	27,044	27,505	27,068	27,068
Salaries And Wages	309,030	289,107	291,677	403,878
Total Expenses	2.7M	2.7M	2.7M	2.5M
Total Other Finance Cost	3,574	1,810	12,291	3,434

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	356,810	729,426	185,227	178,058
Cash Cash Equivalents And Short Term Investments	356,810	729,426	185,227	178,058
Cash Financial	--	--	185,227	178,058
Accounts Receivable	300,555	460,948	499,785	275,144
Receivables	300,555	491,520	499,785	275,144
Prepaid Assets	19,282	5,674	5,674	5,674
Current Assets	676,647	1.2M	690,686	458,876
Gross PPE	126,478	126,478	80,590	80,590
Accumulated Depreciation	-116,984	-97,996	-78,945	-59,208
Net PPE	9,494	28,482	1,645	21,382
Investments And Advances	32,544	24,408	40,680	48,816
Other Non Current Assets	58,691	56,121	53,452	51,448
Total Non Current Assets	50.5M	50.5M	47.9M	43.6M
Total Assets	51.2M	51.7M	48.6M	44.1M
Accounts Payable	2.4M	2.5M	2.8M	--
Payables	2.4M	2.5M	2.8M	--
Payables And Accrued Expenses	2.4M	2.5M	2.8M	2.4M
Current Liabilities	2.4M	2.5M	2.8M	2.4M
Long Term Debt	24.7M	25.5M	23.3M	21.0M
Long Term Debt And Capital Lease Obligation	24.7M	25.5M	23.3M	21.0M
Long Term Capital Lease Obligation	10,137	29,384	1,865	23,627
Total Non Current Liabilities Net Minority Interest	26.5M	27.2M	25.0M	22.5M
Total Liabilities Net Minority Interest	28.9M	29.7M	27.8M	24.8M
Common Stock	7.5M	7.5M	7.5M	7.5M
Capital Stock	7.5M	7.5M	7.5M	7.5M
Additional Paid In Capital	2.9M	2.9M	2.9M	2.9M
Retained Earnings	11.8M	11.6M	10.4M	8.8M
Common Stock Equity	22.2M	22.0M	20.8M	19.2M
Stockholders Equity	22.2M	22.0M	20.8M	19.2M
Total Equity Gross Minority Interest	22.2M	22.0M	20.8M	19.2M
Total Capitalization	47.0M	47.4M	44.1M	40.3M
Net Tangible Assets	22.2M	22.0M	20.8M	19.2M
Tangible Book Value	22.2M	22.0M	20.8M	19.2M
Working Capital	-1.7M	-1.2M	-2.1M	-1.9M
Invested Capital	47.0M	47.4M	44.1M	40.3M
Total Debt	24.7M	25.5M	23.3M	21.0M
Net Debt	24.4M	24.7M	23.1M	20.8M
Share Issued	21.4M	21.3M	21.3M	21.3M
Ordinary Shares Number	21.4M	21.3M	21.3M	21.3M
Accrued Interest Receivable	0.00	30,572	0.00	--
Buildings And Improvements	126,478	126,478	80,590	80,590
Capital Lease Obligations	10,137	29,384	1,865	23,627
Investment Properties	50.4M	50.4M	47.8M	43.5M
Non Current Deferred Liabilities	1.8M	1.8M	1.7M	1.4M
Non Current Deferred Taxes Liabilities	1.8M	1.8M	1.7M	1.4M
Properties	0.00	0.00	0.00	0.00

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	2.0M	1.6M	1.7M	1.9M
Cash Flow From Continuing Operating Activities	2.0M	1.6M	1.7M	1.9M
Depreciation And Amortization	18,988	19,051	19,737	19,736
Depreciation Amortization Depletion	18,988	19,051	19,737	19,736
Stock Based Compensation	--	--	0.00	134,508
Deferred Tax	40,000	94,000	236,000	364,000
Deferred Income Tax	40,000	94,000	236,000	364,000
Change In Working Capital	-152,099	-327,919	10,160	88,185
Changes In Account Receivables	160,393	-92,735	-224,641	-17,979
Change In Receivables	190,965	-123,307	-224,641	-17,979
Change In Payables And Accrued Expense	-326,886	-201,943	236,805	106,164
Change In Other Current Assets	-2,570	0.00	-2,004	0.00
Other Non Cash Items	1.8M	1.4M	1.5M	1.2M
Capital Expenditure	--	--	-97,913	-151,447
Purchase Of PPE	--	--	-97,913	-151,447
Net PPE Purchase And Sale	--	--	-97,913	-151,447
Investing Cash Flow	-202,486	-1.9M	-2.9M	-151,447
Cash Flow From Continuing Investing Activities	-202,486	-1.9M	-2.9M	-151,447
Issuance Of Debt	0.00	3.3M	3.5M	560,000
Repayment Of Debt	-743,030	-1.2M	-1.2M	-1.3M
Net Issuance Payments Of Debt	-743,030	2.1M	2.3M	-704,538
Financing Cash Flow	-2.1M	780,223	1.2M	-1.7M
Cash Flow From Continuing Financing Activities	-2.1M	780,223	1.2M	-1.7M
Changes In Cash	-372,616	544,199	7,169	30,183
Beginning Cash Position	729,426	185,227	178,058	147,875
End Cash Position	356,810	729,426	185,227	178,058
Free Cash Flow	2.0M	1.6M	1.7M	1.8M
Amortization Cash Flow	--	--	19,737	19,736
Amortization Of Intangibles	--	--	19,737	19,736
Asset Impairment Charge	0.00	131,572	0.00	--
Cash Dividends Paid	0.00	0.00	0.00	0.00
Change In Prepaid Assets	-13,608	-2,669	--	--
Depreciation	18,988	19,051	19,737	19,736
Gain Loss On Investment Securities	30,483	-831,695	-1.6M	-4.2M
Interest Paid Cff	-1.4M	-1.3M	-1.1M	-1.0M
Long Term Debt Issuance	0.00	3.3M	3.5M	560,000
Long Term Debt Payments	-743,030	-1.2M	-1.2M	-1.3M
Net Income From Continuing Operations	194,972	1.2M	1.6M	4.4M
Net Investment Properties Purchase And Sale	-202,486	-1.9M	-2.9M	0.00
Net Long Term Debt Issuance	-743,030	2.1M	2.3M	-704,538
Net Other Financing Charges	-5,000	-23,784	-13,350	-5,000
Operating Gains Losses	30,483	-831,695	-1.6M	-4.2M
Proceeds From Stock Option Exercised	44,400	0.00	--	--
Purchase Of Investment Properties	-202,486	-1.9M	-2.9M	0.00