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XTL Biopharmaceuticals Announces Financial Results for the Six Months Ended June 30, 2007
Date:8/19/2007

in operating assets and

liabilities:

Decrease (increase) in other receivables

and prepaid expenses 5 38 (604)

Increase in accounts payable and

accrued expenses 132 449 3,049

Increase (decrease) in deferred gain (200) (200) 597

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

Net cash used in operating activities (13,022) (5,671) (113,609)

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

CASH FLOWS FROM INVESTING ACTIVITIES:

Decrease (increase) in short-term deposits 10,660 -- (10,185)

Decrease (increase) in restricted deposits 121 (5) (44)

Investment in investment securities -- -- (3,363)

Proceeds from sales of investment securities -- -- 3,773

Proceeds from sales of trading securities 54 -- 54

Employee severance pay funds (6) (12) (915)

Purchase of property and equipment (47) (16) (4,089)

Proceeds from disposals of

property and equipment 288 33 540

Acquisition in respect of license and

purchase of assets -- -- (548)

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

Net cash provided by (used in) investing

activities 11,070 -- (14,777)

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

Interim Consolidated Statements of Cash Flows

for the Six Months Ended June 30, 2007 and 2006 (unaudited)(continued)

(in thousands of US dollars)

Period from


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SOURCE XTL Biopharmaceuticals Ltd

Copyright©2007 PR Newswire.

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