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Westaim announces 2008 year-end results
Date:2/18/2009

December 31 ------------------ ------------------- (thousands of dollars) 2008 2007 2008 2007 ------------------------------------------------------------------------- Operating Activities (Loss) income from continuing operations $ (1,224) $ 1,169 $ (1,735) $ (2,830) Items not affecting cash Gain on sale of capital assets - (75) - (8,722) Change in fair value of third party asset-backed commercial paper 856 1,067 1,706 4,048 Loss on sale of third party asset-backed commercial paper - 1,067 - 1,067 Depreciation and amortization 497 403 1,937 2,093 Stock-based compensation expense 276 667 1,027 2,469 Non-controlling interest 259 806 (804) (1,293) (Gain) loss on issuance and repurchase of shares of subsidiary (121) 14 (96) 134 Write-down of capital assets 215 - 215 1,203 Dilution gain - - (6,000) (4,525) Gain on sale of investments - (2,648) (534) (2,648) Accounts receivable 3 (4,407) 9,057 (7,190) Inventories 662 1,508 838 4,128 Other (553) 1,087 (90) (98) Accounts payable and accrued liabilities (2,435) (5,808) 270 1,131 ------------------------------------------------------------------------- Cash (used in) provided from continuing operations (1,5
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