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YM BIOSCIENCES REPORTS 2007 YEAR END OPERATIONAL AND FINANCIAL RESULTS
Date:9/23/2007

Balance Sheets

(Amounts in Canadian dollars, unless otherwise noted)

June 30, 2007 and 2006

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2007 2006

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Assets

Current assets:

Cash and cash equivalents $ 5,847,351 $ 2,735,317

Short-term deposits 69,724,438 85,606,117

Accounts receivable 370,011 2,214,775

Prepaid expenses 347,010 318,338

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76,288,810 90,874,547

Property and equipment 325,040 304,985

Intangible assets 5,125,950 8,868,528

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$ 81,739,800 $ 100,048,060

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Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable $ 1,169,211 $ 2,367,042

Accrued liabilities 2,103,755 1,350,923

Deferred revenue 4,702,132 738,297

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7,975,098 4,456,262

Deferred revenue 8,929,900 844,275

Shareholders' equity:

Share capital 172,921,153 172,771,544


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SOURCE YM BioSciences Inc.
Copyright©2007 PR Newswire.
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