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

p> Interim Consolidated Statements of Cash Flows

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

(in thousands of US dollars)

Period from

Six months March 9, 1993(*)

ended June 30, to June 30,

2007 2006 2007

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

CASH FLOWS FROM OPERATING ACTIVITIES:

Loss for the period (14,649) (7,291) (129,572)

Adjustments to reconcile loss to net cash

used in operating activities:

Depreciation and amortization 69 114 3,141

Linkage difference on restricted long-term (2) (4) (9)

deposits

Acquisition of in process research

and development -- -- 1,783

Gain on disposal of property and equipment (53) (25) (92)

Increase (decrease) in liability in

respect of employee severance obligations (49) 35 1,187

Impairment charges 95 -- 475

Gain from sales of investment securities -- -- (410)

Other income related to exchange of shares -- -- (100)

Loss from trading securities 48 -- 46

Stock option based compensation expenses 969 1,213 6,427

Stock appreciation rights compensation

expenses 565 -- 565

Gain on amounts funded in respect of

employee severance pay funds -- -- (92)

Deferred tax asset 48 -- --

Changes
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SOURCE XTL Biopharmaceuticals Ltd

Copyright©2007 PR Newswire.

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