LOM 2023 Annual Report - Report - Page 33
LOM
2021 ANNUAL REPORT
Consolidated Statements of Operations
For the years ended December 31, 2021 and 2020 (expressed in U.S. Dollars)
2021
2020
Broking fee income
$7,505,575
$6,424,273
Management and investment advisory fees including related party management fees of
$3,194,307 (2020 - $2,464,070)
$7,164,421
$5,546,378
Net interest income, net of interest expense of $154,737 (2020 - $182,168)
$553,135
$831,555
Rental income, including related party rent of $202,400 (2020 - $204,988)
$526,768
$581,676
Other Income
$433,864
$421,223
Income from equity investment in affiliate
$156,900
$211,740
Foreign exchange income, net
$752,874
$579,663
$7,141,405
$2,801,210
$46,814
$48,578
$211,728
$161,437
$24,493,484
$17,607,733
Employee compensation and benefits
$4,647,610
$4,304,902
Commissions and referral fees
$5,699,135
$4,447,220
Computer and information services
$727,513
$675,073
Depreciation of property and equipment (Note 5)
$419,927
$417,861
Jitney fees
$846,295
$826,037
Professional fees
$692,213
$725,739
Occupancy
$813,158
$799,681
Administration
$798,017
$276,502
Insurance
$199,722
$213,108
Custodial charges
$340,347
$248,128
Mortgage interest
$8,937
$15,416
($179,712)
($169,903)
$15,013,162
$12,779,764
$9,480,322
$4,827,969
($12,807)
($32,347)
$9,467,515
$4,795,622
$1.83
$0.90
$5,166,109
$5,436,115
Revenues
Net trading gains on securities owned
Corporate finance income
Administration and custody fees
Total Revenues
Operating Expenses
Net foreign exchange transaction (gains)
Total Operating Expenses
Net Income Before Tax
Income tax expense
Net Income After Tax
Net Income Per Common Share
Basic and diluted
Weighted Average Common Shares Outstanding
Basic and diluted
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