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Angiotech announces filing of audited financial results for the year ended December 31, 2007 and restatement of results for the year ended December 31, 2006
Date:3/13/2008

d

its reversal in 2007 282 (282)

Reverse travel costs related to

acquisitions previously capitalized

as goodwill - 380

Reclassify royalties that had been

expensed in general and administrative

(note a) - (577)

Litigation expenses related to 2006 and

its reversal in 2007 (680) 680

---------------------------

(398) 201

---------------------------

d.) Income tax expense from continuing

operations adjustments:

Tax adjustment related to finalization

of the 2007 income tax provision 5,184 -

Correction of income tax error in 2006

and its reversal in 2007 1,900 (7,298)

Reclassify income tax expense from

discontinued operations 1,502 -

Tax effect on the adjustments of a.

through c. in 2006 and its reversal

in 2007 477 (889)

------------- -------------

9,063 (8,187)

------------- -------------

e.) Net loss from discontinued operations

adjustment:

Reclassify income tax expense to

continuing operations (note d) 1,502 -

------------- -------------


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SOURCE Angiotech Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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