CONSOLIDATED STATEMENT OF INCOME OF GOLDART HOLDING INC. ( Currency : USD )
	2004 / 12	2005/ 12
A) GROSS SALES	963,785,138	2,396,504,098
1- Domestic Sales	900,221,329	2,337,920,530
2- Export Sales	62,695,625	57,496,592
3- Other Sales	868,184	1,086,976
B) SALES DEDUCTIONS (-)	-1,392,379	-2,125,692
1- Sales Returns (-)	-985,058	-1,521,332
2- Sales Discounts (-)	-407,321	-604,360
3- Other Deductions (-)
C) NET SALES	962,392,759	2,394,378,406
D) COST OF SALES (-)	-943,496,905	-2,375,331,966
GROSS PROFIT OR (LOSS)	18,895,854	19,046,440
E) OPERATING EXPENSES (-)	-9,551,184	-12,977,240
1- Research and Development Expenses (-)	-175,821	-76,879
2- Marketing, Selling and Distribution Expenses (-)	-3,541,402	-6,170,126
3- General Administration Expenses (-)	-5,833,961	-6,730,235
OPERATING PROFIT OR (LOSS)	9,344,670	6,069,200
F) INCOME AND PROFIT FROM OTHER OPERATIONS	10,101,348	14,048,574
1- Dividend Income from Affiliates
2- Dividend Income from Subsidiaries
3- Interest and Other Dividend Income	3,065	654
4- Other Income and Profit	10,098,283	14,047,920
G) EXPENSES AND LOSSES FROM OTHER OPERATIONS (-)	-13,405,073	-13,158,004
H) FINANCIAL EXPENSES (-)	-3,705,320	-1,603,489
1- Short Term Financial Expenses (-)	-3,705,320	-1,603,489
2- Long Term Financial Expenses (-)
OPERATING PROFIT OR (LOSS)	2,335,625	5,356,281
I) EXTRAORDINARY REVENUES AND PROFITS	225,396	14,460
1- Provisions No Longer Required
2- Previous Period Revenues and Profits
3- Other Extraordinary Revenues and Profits	225,396	14,460
J) EXTRAORDINARY EXPENSES AND LOSSES	-2,944	-81,077
1- Idle Capacity Expenses and losses (-)
2- Previous Period Expenses and Losses (-)	-2,944
3- Other Extraordinary Expenses and Losses (-)		-81,077
K) PROVISIONS FOR TAXES PAYABLE (-)		-761,352
NET PROFIT OR (LOSS) FOR THE YEAR	2,558,077	4,528,312