Clock - Uranium Supply Crunch and Critical ... - Andrew Johns

Uranium Canada Research | Page 49 of 87Exhibit 63: Financial StatementsUS$000s (Fiscal year-end Jun-30) 2011A 2012E 2013E 2014EIncome StatementRevenue 268,900 367,055 475,468 572,489Operating Expenses (186,100) (245,639) (272,349) (276,289)SG&A, Forex (57,000) (48,900) (40,000) (40,000)Mineral Write-offs 0 0 0 0Other (94,800) (222,200) (19,000) (14,000)EBITDA (69,000) (149,684) 144,119 242,200DD&A (36,100) (45,577) (54,335) (57,219)EBIT (105,100) (195,261) 89,784 184,981Interest income (expense) (36,400) (38,146) (42,558) (37,533)Tax recovery (expense) 16,600 66,941 (40,850) (76,764)Net Income (124,900) (166,465) 6,377 70,684Weighted Avg. S/O ('000s) 744,055 834,821 834,821 835,571Adjusted EPS (US$/sh; basic) (0.08) (0.06) 0.01 0.08Cash FlowOperating (102,000) (102,000) 60,712 127,902Investing (132,500) (132,500) (29,511) (58,229)Financing 1,300 1,300 (134,000) 1,842Net Change in Cash (net FX) (230,500) (231,600) (102,799) 71,515CFPS (US$/sh; w/o WC) (0.14) (0.10) 0.07 0.15Cash (EOP) 117,400 173,200 70,401 141,916Balance SheetCurrent Assets 329,400 432,600 329,801 401,316Non-current Assets 2,074,300 1,994,134 1,969,311 1,970,321Total Assets 2,403,700 2,426,735 2,299,112 2,371,637Current Liabilities 118,900 250,100 250,100 250,100Non-current Liabilities 929,600 948,200 814,200 814,200Total Liabilities 1,048,500 1,198,300 1,064,300 1,064,300Deficit, other comp income (loss) (701,800) (845,665) (839,288) (768,605)Shareholder Equity 2,057,000 2,074,100 2,074,100 2,075,942Total Liabilities + Equity 2,403,700 2,426,735 2,299,112 2,371,637Source: Raymond James Ltd., Paladin EnergyRaymond James Ltd. | 2200 – 925 West Georgia Street | Vancouver BC Canada V6C 3L2