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Excerpts from the 2016 nancial statements of Gas Aare in Extbl 1304 to 1.300 DOBIT 130A Gan Activewear Ics 2016 Coated Statements of Earning
Excerpts from the 2016 nancial statements of Gas Aare in Extbl 1304 to 1.300 DOBIT 130A Gan Activewear Ics 2016 Coated Statements of Earning GILDAN ACTIVEWEAR INC. Consolidated Statements of Eamings Fiscal year ended January 1, 2017 and January 3, 2016 In thousands of US dolland 2016 2015 (15 months) Net sales $2,545,070 $2,959,238 Cost of sales 1,365,367 2,229130 Gross proft 719,703 730,108 Selling general and administrative expenses (note 10 336,433 387.963 Restructuring and acquisition-related costs (note 17) 11,746 14,908 Operating income 371,524 321237 Fancial expenses, net (note 14c 19,680 17,797 Earnings before Income taxes Income tax expense (note 16) 351,838 5,200 309440 Net earnings 4526 346,638 304.914 Other comprehensive income (loss), net of related income taxes Cash flow hedges (note 14 23,518 Actuarial loss on employee benefit obligations (note 12 (5,239) (30,000 34,279 (1.375) Comprehensive income $300,017 EXHIBIT 10 Gildan Activar Inc 2016 Consolidated Statemems of Fandar Psition
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