SMTC Corporation Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Revisions of Previously Issued Financial Statements (Tables)

6 Months Ended

Jun. 28, 2015

Impact on the Unaudited Interim Consolidated Statements of Operations and Comprehensive Loss In thousands, except per share data	Three months ended June 29, 2014 As previously filed			Adjustment			Three months ended June 29, 2014 As adjusted
Cost of sales – unrealized gain on derivative instruments (2)	$	(797	)	$	(54	)	$	(851	)
Gross profit		5,779			54			5,833
Operating earnings		766			54			820
Net earnings and comprehensive income	$	33		$	54		$	87
Basic and diluted earnings per share	$	0.01					$	0.01

Impact on the Unaudited Interim Consolidated Statements of Operations and Comprehensive Loss In thousands, except per share data	Six months ended June 29, 2014 As previously filed			Adjustment			Six months ended June 29, 2014 As adjusted
Cost of sales – unrealized gain on derivative instruments (2)	$	(889	)	$	(205	)	$	(1,094	)
Cost of sales – depreciation (1)		2,107			(175	)		1,932
Gross profit		10,164			380			10,544
Operating earnings		238			380			618
Net loss and comprehensive loss	$	(1,072	)	$	380		$	(692	)
Basic and diluted loss per share	$	(0.07	)				$	(0.04	)

Impact on the Interim Consolidated Statement of Changes in Shareholders’ Equity

In thousands

June 29, 2014

previously filed

Adjustment

June 29, 2014

adjusted

Shareholders’ equity – deficit (3)

(234,072

)

(1,338

)

(235,410

)

Impact on the Interim Consolidated Statement of Cash Flow In thousands	Six months ended June 29, 2014 As previously filed			Adjustment			Six months ended June 29, 2014 As adjusted
Net loss	$	(1,072	)	$	380		$	(692	)
Items not involving cash:
Depreciation		2,107			(175	)		1,932
Unrealized gain on derivative instruments		(889	)		(205	)		(1,094	)
Accounts payable (4)		2,369			(78	)		2,291
Accrued liabilities (4)		(268	)		(17	)		(285	)
Cash flow provided by operations		352			(95	)		257
Cash flow used by investing (4)		(832	)		95			(737	)