content_image/276524.jpg
## DIVERSIFIED ROYALTY CORP . 

Notes toConsolidatedFinancial Statements 

(Unaudited) 

(Expressed in Canadian dollars) 

Year ended December 31, 2014 

## 17. Finance income and finance costs: 

<img src='content_image/276524.jpg'>

## 18. Loss on disposal of assets held for sale and related restructuring costs: 

## Completion of Sale of Saint Ambroise Waste Treatment Plant 

On May 31, 2013 the Company completed the sale of its Saint Ambroise, Quebec waste treatment plant and related assets and liabilities to 8439117 Canada Inc., a company indirectly controlled by the plant’s manager. The preliminary purchase price of $8,000,000 was reduced by $277,264 for working capital assumed by the buyer and increased by $9,328 for soil contracts received prior to closing. These changes resulted in an adjusted price of $7,732,064. The Company may be entitled to additional consideration which could be as high as $2,000,000 or more, contingent on a specific potential new contract being entered into prior to March 7, 2016. As of December 31, 2014 no amount of contingent consideration has been received. The receipt of the potential new contract for any amount of contingent consideration cannot be assured. Disposal costs were $1,035,286 of which $946,379 was paid prior to the end of the fourth quarter of 2013 resulting in net cash proceeds of $7,062,949. 

