Solar-Lightning Inc.

Income Statement
2010 2009
Revenues
Sales
Sale of Goods 181,221,384.83 195,882,722.33
Other Revenues
Interest Income 676,505.10 490,415.59
Miscellaneous Income 296,283.68 453,935.34
Foreign Currency Gains (Losses) 225,268.63 208,403.40
1,198,057.41 1,152,754.33

182,419,442.24 197,035,476.66

Expenses
Cost of Goods Sold (123,676,691.66) (132,811,464.52)
Operating Expenses
Salaries and Employees Benefits (17,553,704.00) (18,404,917.22)
Rent Expenses (9,890,912.60) (9,581,426.85)
Communications, Light and Water (4,016,399.51) (3,492,864.96)
Security Services (3,938,023.72) (3,584,505.92)
Advertising and Pormotions (3,783,654.03) (6,819,038.69)
Depreciation and Amortization Expenses (1,678,234.49) (1,728,719.02)
Others- Telephone and Fax (1,463,833.32) (1,541,406.81)
Taxes and Licenses (1,347,682.27) (1,545,450.46)
Transportation and Travel Expenses (1,314,920.20) (1,337,985.99)
Professional Fees (842,186.71) (808,177.81)
Repairs and Maintenance Expenses (407,852.89) (303,349.35)
(46,237,403.74) (49,147,843.08)
Other Operating Expenses
Bank Charges (2,660,907.61) (2,860,510.39)
Loss (Gain) on Sale of Properties (1,000,453.54) (116,105.08)
Miscellaneous Expenses (697,988.81) (394,209.74)
Representation Expenses (463,803.63) (859,020.11)
Supplies Expense (372,234.60) (358,300.72)
Insurance Expenses (158,555.71) (162,103.37)
Loss on damaged inventory (1,871.00)
(5,353,943.90) (4,752,120.41)
Income Tax Provisions
Income Tax Expense- Current (1,290,947.16) (1,371,637.36)
Income Tax Expense- Deferred (25,034.29) (72,270.01)
(1,315,981.45) (1,443,907.37)

(176,584,020.75) (188,155,335.38)
NET INCOME 5,835,421.49 8,880,141.28