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Westaim announces 2007 year-end results
Date:2/15/2008

99

Write-down of capital

assets and intangible

assets - 1,210 1,203 1,210

Dilution gain - - (4,525) -

Foreign exchange on

short-term investments - - - (52)

Accounts receivable (4,407) 1,690 (7,190) (320)

Inventories 1,508 (587) 4,128 (838)

Other 1,087 173 (98) (30)

Accounts payable and

accrued liabilities (5,808) (1,504) 1,131 (6,563)

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Cash used in continuing

operations (5,150) (672) (11,033) (18,551)

Cash used in discontinued

operations (3,462) (6,290) (19,739) (25,703)

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Cash used in operating

activities (8,612) (6,962) (30,772) (44,254)

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Investing activities

Capital expenditures (402) (755) (2,376) (6,541)

Capital expenditures

- discontinued operations - (56) - (1,339)

Maturity of short-term

investments - 1,285 46,904 30,594

Purchase of short-term

investments - (17,450) (29,453) (44,039)

Purchase of short-term

investments reclassified

to investments - - (14,400) -

Reclassification of cash

equivalents to investments (16) - (2,650) -

Proceeds on sale of third

party asset-b
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SOURCE Westaim Corporation
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