Finavera Renewables Inc.

Annual Report:

Income Statement: As of Dec. 31 Thou. Canadian Dollars	2008	2007
Cost & exps.	7,061	13,745
Amortization	496	1,079
Writedown of intangibles		5,768
Writedown of investment		279
Interest income	31	102
Other income	418	13
Foreign exchange gain (loss)	(609)	202
Interest exp. & financing costs	1,256
Loss on disposal of assets	153	10
Income tax recovery		513
Net income	(9,126)	(20,051)
Share earns. basic	($0.04)	($0.12)
Share earns. diluted	($0.04)	($0.12)
Avge. com. shs. (Thou.)	204,213	169,093

Balance Sheet: As of Dec. 31 Thou. Canadian Dollars	2008	2007
Assets:
Cash & equiv.	1,059	553
Restricted cash	68	316
Receivables	250	491
Prepaid expenses	78	96
Tot. curr assets	1,455	1,456
Net property	234	468
Technology
Intangibles		1,674
Other assets	222	1,903
Total assets	1,911	5,501
Liabilities:
Notes pay.	80
Curr. debt mat.	898
Accts. pay. & accruals	4,887	5,542
Other curr. liabs.	151
Tot. curr. liabs.	6,016	5,542
Convertible debenture	392
Stockholders' Equity:
Com. stk. n.p.	24,663	22,101
Share subscriptions		80
Warrants	5,458	4,058
Paid-in cap.	3,607	3,048
Equity portion of convertible debenture	230
Retained earns.	(38,460)	(29,334)
Other comprehensive income	5	6
Total Stockholders' Equity	(4,497)
Total liabs.	1,911	5,501
Common Shares (Thou.)	223,801	188,766

---

Privacy Notice Copyright © 2009, Standard & Poor's. All rights reserved.