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Bioniche Reports Fiscal 2008 First Quarter
Date:11/9/2007

- 209,578

Foreign currency embedded derivatives 137,758 -

Other assets 80,613 100,000

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37,933,743 41,526,774

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LIABILITIES AND SHAREHOLDERS' EQUITY

Current

Revolving credit facility 503,443 895,619

Accounts payable and accrued liabilities 6,537,404 6,399,382

Income and other taxes payable 323,827 283,845

Deferred government incentives 573,116 541,282

Current portion of long-term debt and

obligations under capital leases 129,014 123,769

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8,066,804 8,243,897

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Long-term

Long-term debt 408,158 421,396

Obligations under capital leases 765,187 764,933

Deferred government incentives 2,986,572 2,986,572

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12,226,721 12,416,798

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Shareholders' equity

Share capital 90,228,909 90,038,524

Special warrants 2,174,008 2,174,008

Other paid-in capital 5,612,805 5,528,059


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SOURCE Bioniche Life Sciences Inc.
Copyright©2007 PR Newswire.
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