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Q1 Financial Report - 2011

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Ag Growth International Inc.<br />

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN<br />

SHAREHOLDERS' EQUITY<br />

[in thousands of Canadian dollars]<br />

For the three-month period ended March 31, 2010<br />

Equity<br />

Common shares<br />

component of<br />

convertible<br />

debentures<br />

Contributed<br />

surplus<br />

Retained<br />

earnings<br />

Cash flow hedge<br />

and foreign<br />

currency reserve Total equity<br />

$ $ $ $ $ $<br />

As at January 1, 2010 157,279 5,105 3,859 59,562 5,590 231,395<br />

Profit for the period — — — 4,351 — 4,351<br />

Other comprehensive loss — — — — (55) (55)<br />

Total comprehensive income 157,279 5,105 3,859 63,913 5,535 235,691<br />

Share-based payment transactions (204) — 93 — — (111)<br />

Dividends to shareholders — — — (6,701) — (6,701)<br />

As at March 31, 2010 157,075 5,105 3,952 57,212 5,535 228,879<br />

See accompanying notes<br />

42

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