Digital Brand Media and Marketing Group Inc (DBMM)

[Gatsby]

The derivatives price is calculated by taking into account different parameters as the price of the underlying, the prevailing interest rate, the current volatility of the underlying (i.e. higher volatility translate in higher derivatives calculated price).
So it is right to have a look at this item when looking at the net gain/loss and separate the operation gain/loss, the other fees, the extra income/expense due to the change of value of the derivatives (highly volatile).

For 2023, we have the following change in the derivatives :
Value of the derivatives :
End August 23 = 206'746
End May 23 (Q3) = 377'243
End August 22 = 281'932
If no derivatives have been added or converted or removed, the difference in prices will translate in "change in fair value of derivative liab." in the Operations statements.

Here the exact "changes" bookes as other income/expense:
End August 23 (full year) = -42'070 (=income for the full year)
End May 23 (9M) = 128'697 (=Expense)
Q3 : -166'865 (difference of the derivative value between Q2 and Q3 = income)
Q4 : -170'767 (difference of the deriv. value between Q3 and Q4 = income)
So :
- for this quarter, the change in value of the derivatives brought an "other income" of 170'767.
- for the full year, the change in value of the derivatives brought an "other income" of 42'070

Hope this helps.