SHMEC Financial Report 30 Aug 06

Financial result August 06

INCOME

• Portfolio dividend: 11, 653, 008.37 isk
• Minerals Sell : 84 ,601, 757.97 isk
• Markets Sell: 121, 647 ,400 isk
• Corporation 10% tax : 22 ,195 ,793.82 isk

TOTAL INCOME: 240 ,097 ,960.16 isk

EXPENDITURES

• Alliance Fee : 2 ,000, 000 isk
• Mineral purchase: 58, 862 ,201 isk
• Office rent: 74 ,000 isk
• Operational Budget Security Division : 23 ,562 ,500 isk
• Sell Tax: 1 ,753, 204.08 isk
• Broker fee: 691, 775.93 isk
• Production Fee: 48, 003.09 isk
• Dividends : 56 ,000 ,000 isk

TOTAL EXPENDITURES : 142 ,991 ,684.10 isk

NET IMCOME : 97 ,106 ,276.06 isk

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ASSET

Wallet : 243 ,340 ,086.01 isk

Shares portfolio : 134 ,930, 000 isk

Blueprints : 54, 520, 000 isk

Corp Ships : 101 ,775 ,000 isk

Minerals in stock : 316 ,032 ,452.20 isk

Buy order : 59 ,381 ,973.27 isk

Sell Order : 29, 614 ,061 isk

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NEW NET ASSET VALUE ( NAV) : 939 ,593, 572.48 isk

NEW NAV PER SHARE : 46 ,979.68 ( + 43.02%)

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Another month is over , for the last 10 days of the month our product hit the market helped us to increase our income, we also got our first covetor and the moon exploration started. we looking forward to be able to built our first POS and get our first Hulk for our Mining Division.

We still planning to go public as by the term of our contract with EMFI. The goal now is to increase our NAV and find a good Moon to install our first POS. as soon all the requirement are reach we will do a first IPO release to help us to gather the isk to built our large mining POS.

Tolmar

SHMEC VCEO and Financial EO