Do CRXL really deserve to join the club ?
CRUCELL N.V.
CONSOLIDATED BALANCE SHEETS
(amounts in thousands of Euros)
June 30, December 31,
2002 2001
(unaudited)
Assets
Current assets:
Cash and cash equivalents euro 114,332 euro 120,243
Trade accounts receivable 779 3,111
Receivable from related parties 88 239
and employees
Prepaid expenses and other current assets 2,403 1,268
Total current assets 117,602 124,861
Notes receivable from related 1,102 1,239
parties and employees
Investment in joint venture - 507
Plant and equipment, net 11,440 13,104
Developed technology, net 3,991 4,657
Goodwill 30,891 30,891
Total assets euro 165,026 euro 175,259
Liabilities and shareholders' equity
Current liabilities:
Accounts payable euro 2,384 euro 2,341
Accrued compensation and related benefits 2,385 1,744
Deferred revenue 964 2,008
Accrued liabilities 2,916 4,453
Total current liabilities 8,649 10,546
Long term obligation under 1,697 -
capital lease
Ordinary shares, euro 0.24 par value; 8,533 8,477
89,199,990 shares authorized;
35,552,938 and 35,318,188
shares issued and outstanding at
June 30, 2002 and December 31, 2001
respectively
Additional paid in capital 336,162 334,708
Deferred compensation (4,441) (4,334)
Accumulated deficit (185,574) (174,138)
Total shareholders' equity 154,680 164,713
Total liabilities and euro 165,026 euro 175,259
shareholders' equity
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