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Helix BioPharma Corp. Announces Fiscal 2008 Results
Date:10/28/2008

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(6,977) (5,858) (4,304)

Change in non-cash

working capital (20) (221) 202

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Operating activities (6,997) (6,079) (4,102)

Financing activities 14,614 6,480 8,808

Investing activities (266) 6,577 (4,428)

Effect of exchange rate

changes on cash and

cash equivalents 327 9 (16)

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Cash and cash equivalents:

Increase in the year 7,678 6,987 262

Beginning of the year 11,379 4,392 4,130

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End of the year 19,057 11,379 4,392

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Consolidated Balance Sheets (thousand $)

2008 2007

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Current assets:

Cash and cash equivalents 19,057 11,379

Accounts receivable 349 902

Inventory 458 539

Prepaid and other 446 187

20,310 13,007

Non current assets 1,356 1,266

21,666 14,273

2008 2007

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Current liabilities:

Accounts payable 598 565

Accrued liabilities 546 974

1,144 1,539

Shareholders' equity 20,522 12,734

21,666 14,273

The Company's complete 2008 Consolidated Financial Statements, Manageme
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SOURCE Helix BioPharma Corp.
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