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

SHAREHOLDERS' EQUITY Current Accounts payable and accrued liabilities $ 6,956 $ 7,018 Accounts payable and accrued liabilities held for sale 2,885 1,443 ------------------------------------------------------------------------- 9,841 8,461 Deferred gain - 218 Provision for site restoration 6,580 6,580 ------------------------------------------------------------------------- 16,421 15,259 ------------------------------------------------------------------------- Non-controlling interest 10,854 11,757 Shareholders' equity Capital stock 426,280 426,262 Contributed surplus 8,718 7,769 Accumulated other comprehensive income (loss) 1,120 (1,779) Deficit (386,116) (375,881) ------------------------------------------------------------------------- 50,002 56,371 ------------------------------------------------------------------------- $ 77,277 $ 83,387 ------------------------------------------------------------------------- ------------------------------------------------------------------------- THE WESTAIM CORPORATION Consolidated Cash Flow Statements (unaudited) ------------------------------------------------------------------------- Three Months Ended Twelve Months Ended December 31
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