| Income Statement for YM BioSciences Inc. (YMI) | | | | | | | Income | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Operating Revenue | 4,775 | 4,148 | 1,032 | 609 | - | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 1,165 | 1,901 | 1,193 | 122 | 11 | | Gross Operating Profit | 5,940 | 6,049 | 2,224 | 731 | 11 | | | Selling/General/Admin Expense | (6,713) | (6,567) | (7,128) | (5,144) | (2,346) | | Research & Development | (15,360) | (27,062) | (18,099) | (8,947) | (3,797) | | EBITDA | (16,133) | (27,580) | (23,003) | (13,360) | (6,132) | | Depreciation & Amortization | (1,165) | (1,901) | (1,193) | (122) | (11) | | EBIT | (17,298) | (29,481) | (24,196) | (13,482) | (6,144) | | Interest Income | 2,539 | 3,048 | 1,253 | 573 | 260 | | Other Income, Net | 132 | (134) | (200) | (12) | - | | Total Income Avail For Interest Expense | (14,627) | (28,288) | (23,143) | (12,921) | (5,405) | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | (14,627) | (28,288) | (23,143) | (12,921) | (5,405) | | Income Taxes | - | (1,570) | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (14,627) | (29,858) | (23,143) | (12,921) | (5,405) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (14,627) | (29,858) | (23,143) | (12,921) | (5,405) | | | Normalized Income | (14,627) | (28,137) | (23,143) | (12,921) | (5,883) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (1,722) | - | - | 478 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (14,627) | (29,858) | (23,143) | (12,921) | (5,405) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.27 | -0.54 | -0.53 | -0.38 | -0.25 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.27 | -0.54 | -0.53 | -0.38 | -0.25 | | | Diluted EPS from Continuing Operations | -0.27 | -0.54 | -0.53 | -0.38 | -0.25 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.27 | -0.54 | -0.53 | -0.38 | -0.25 | | | |