For the years ended December 31, 2002 and 2001 (expressed in thousands of dollars) df, Westshore Terminals Ltd. Statements of Earnings and Deficit 2002 2001 $ $ Revenue Coal 109,581 126,186 Other 2,085 879 111,666 127,065 Expenses Operating 52,445 61,922 Administrative 5,867 6,286 58,312 68,208 Earnings before depreciation, interest and income taxes 53,354 58,857 Depreciation 10,201 10,023 Interest expense (note 3) 43,865 50,164 Loss before income taxes (712) (1,330) Recovery of income taxes (note 5) 1,543 3,378 Net earnings for the year 831 2,048 Deficit - Beginning of year (569,966) (572,014) Deficit - End of year (569,135) (569,966) 19