VREYF - TORC Oil & Gas Ltd.

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Income Statement
Balance Sheet
Cash Flow

Income Statement

Annual
All numbers in thousands
Revenue12/31/201712/31/201612/31/201512/31/2014
Total Revenue326,194238,497214,770267,790
Cost of Revenue98,29194,43688,12962,962
Gross Profit227,903144,061126,641204,828
Operating Expenses
Research Development----
Selling General and Administrative9,6299,17811,2189,739
Non Recurring----
Others6,0665,8232,462-21,838
Total Operating Expenses308,008291,700315,214248,237
Operating Income or Loss18,186-53,203-100,44419,553
Income from Continuing Operations
Total Other Income/Expenses Net-30,512-10,376-127,258-6,353
Earnings Before Interest and Taxes18,186-53,203-100,44419,553
Interest Expense-9,327-9,703-8,403-6,211
Income Before Tax-12,326-63,579-227,70213,200
Income Tax Expense-1,836-13,136-55,0476,942
Minority Interest----
Net Income From Continuing Ops-10,490-50,443-172,6556,258
Non-recurring Events
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Changes----
Other Items----
Net Income
Net Income-10,490-50,443-172,6556,258
Preferred Stock And Other Adjustments----
Net Income Applicable To Common Shares-10,490-50,443-172,6556,258