Helix Biopharma Corp HBP Shares issued 13,743,415 Apr 25 close $1.00 Mon 28 Apr 97 Financial Statements
STATEMENT OF EARNINGS Six months ended January 31
1997 1996
Revenue $ 3,918,605 $ 3,897,551 ----------- ----------- Expenses
Marketing and administration 2,375,956 1,318,637
Amortization 109,207 80,487
Interest and bank charges, net (87,219) (9,172)
Interest on long term debt 14,577 24,641
Royalties 167,646 94,916
Production 2,174,855 1,998,842
Rent 58,759 50,022 ----------- ----------- 4,813,781 3,558,373 ----------- ----------- Earnings (loss) before the undernoted) (895,175) 339,178 ----------- ----------- Research and development 399,200 192,832
Investment tax credits and grants - 21,721
Gain on sale of capital assets - (1,918) ----------- ----------- 399,200 212,635 ----------- ----------- Earnings (loss) before income taxes (1,294,375) 126,543
Income taxes - 1,058 ----------- ----------- Net earnings (loss) $(1,294,375) $ 125,485 =========== ===========
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