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NicOx Reports Results for the First Three Quarters of 2008


Earnings per share for profit attributable to equity holders of the

Company (1.05) (0.30)

Diluted (1.05) (0.30)

Consolidated Balance Sheet

September 30, 2008 December 31, 2007

(in thousands of EUR)


Non current assets

Property plant & equipment 3,517 2,720

Intangible assets 788 464

Non-current financial instruments 4,692 14,402

Government subsidies receivable 8,477 5,264

Other financial assets 6,337 186

Deferred income tax assets 10 10

Total non-current assets 23,821 23,046

Current assets

Trade receivables 2 2,224

Government subsidies receivable - 133

Other current assets 1,648 2,564

Prepaid expenses 3,412 3,083

Current financial instruments 14,763 14,967

Cash and cash equivalents 105,345 143,444

Total current assets 125,169 166,415

TOTAL ASSETS 148,991 189,461


Capital and Reserves attributable to equity holders of the Company

Share Capital 9,488 9,457

Other reserves 115,259 159,757

Minority interests - -

Total Equity 124,747 16

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