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Helix BioPharma Announces Q1 2009 Financial Results
Date:12/11/2008

64 66 Amortization of intangibles 3 7 Stock-based compensation - 12 Foreign exchange loss 150 108 (2,104) (1,451) Change in non-cash working capital 486 (192) Operating activities (1,618) (1,643) Financing activities 9,659 - Investing activities (37) (50) Effect of exchange rate changes on cash and cash equivalents (150) (108) Increase in cash and cash equivalents 7,854 (1,801) Cash and cash equivalents: Beginning of the period 19,057 11,379 End of the period 26,911 9,578

    Consolidated Balance Sheets as at
     ($ thousands)
                                             31-Oct      31-Jul
                                               2008       2008
       Current assets:
        Cash and cash
         equivalents                         26,911      19,057
        Accounts receivable                     500         349
        Inventory                               521         458
        Prepaid and other                       222         446
        Deferred financing
         costs                                    -           -
                                             28,154      20,310

       Non current assets                     1,266       1,356

                                             29,420      21,666



                                             31-Oct      31-Jul
                                              2008        2008
     Current liabilities:
      Accounts payable                         
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SOURCE Helix BioPharma Corp.
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