Laserfiche WebLink
<br /> CUB ELLIS BUSINESS TRUST <br /> CONSOLIDA TED STATEMENTS OF INCOME <br />. For the years ended December 31, 2006 2005 <br /> Gross fee income S 40,752,473 S 25.589.054 <br /> Direct expenses: <br /> Direct consultant 5,050,429 1.927,830 <br /> Direct expenses 4,418,025 2.534.346 <br /> 9,468,454 4,462.176 <br /> Net fee income 31,284,019 100.0% 21.126.878 100.0% <br /> Direct labor 10,251,184 32.8% 6.735.871 3 I. 9% <br /> Gross margin 21,032,835 67.2% 14.391.007 6R.1% <br /> Indirect expenses: <br /> Indirect payroll 8,886,568 28.4 % 5.328.227 25.2% <br /> Fringe bendils 2,764,240 8.8% 1.770.85 I 8.-+ (Yo <br /> facilities 1,934,105 6.2% 1.156.002 5.5% <br /> \'larketing. net of recoveries 251,206 0.8% 217.545 1.0% <br />. Overhead 4,659,992 14.9% 4.043.654 19.1% <br /> 18,496,111 59.1% 12.516.279 59.2% <br /> Income from operations 2,536,724 8.1% 1,874,728 8.9% <br /> Other income (expense): <br /> Loss on sale of equipment (6,647) 0.0% 0 O.OIX) <br /> Interest and other income 1,441 0.0% 7.114 0.0% <br /> Interest expense (438,924) 1.4% (179.138) 0.8% <br /> ~Iiscdlaneolls (12,980) 0.1% (59.805 ) 0.3% <br /> (457,110) 1.5% (231.829) 1.1% <br /> Income before income taxes 2,079,614 6.6% l.h42.R99 7.8% <br /> Income taxes: <br /> Current 0.0% 0.0% <br /> I k lerred (292,308) 0.9% (234.000) 1.1% <br /> (292,308) 0.9% (234.000) 1.I O/r) <br /> Net income S 1,787,306 5.7% S 1,-W8.899 6,7% <br />. <br /> See i1CCO/iIltill/ts' r('l'i('\\, ref1l1rtill/d I/otes to the IiI/iiI/cia! statemel/ts <br /> 3 <br />