Auditors' Report Financial Position Net Assets Operations Cash Flows Notes

Consolidated Statement of Operations 2005 2004 Year ended March 31 $ $ [in thousands of Canadian dollars] Revenue 181,820  175,658  Expenses Direct 85,777  82,109  Selling, general and administrative 82,911  85,144  Depreciation 5,615  5,365  Amortization of deferred expenses and    intangible assets 2,109  1,379  Project expenditures 4,906  7,087  181,318  181,084  Gain (loss) from operations 502  (5,426) Investment income 2,077  3,104  Foreign exchange gain (loss) (1,155)  359  Excess (deficiency) of revenue over expenses    for the year 1,424  (1,963) See accompanying notes © Copyright 2005 Canadian Standards Association. All rights reserved.