valeant pharmaceuticals international, inc. form 6-k

BIOVAIL CORPORATION INTERNATIONALCONSOLIDATED BALANCE SHEETS(All dollar amounts are expressed in thousands of U.S. dollars)DECEMBER 31, DECEMBER 31,1995 1994------------ ------------ASSETSCURRENTCash and short-term deposits $24,323 $ 2,819Trade accounts receivable 6,379 5,346Inventories 3,868 480Deposits and prepaid expenses 176 57------- -------34,746 8,702FIXED ASSETS, net 19,910 14,182GOODWILL, net 3,594 2,746PRODUCT RIGHTS, net 2,617 -------- -------$60,867 $25,630======= =======CURRENTLIABILITIESAccounts payable $ 5,628 $ 2,864Accrued liabilities 3,043 1,794Income taxes payable 968 736Deferred revenue 22,167 1,239Amount due on acquisition - 955Current portion of long-term debt 2,244 567------- -------34,050 8,155------- -------DEFERRED REVENUE 4,274 -------- -------LONG-TERM DEBTNon-interest bearing and forgivableinterest government loans 2,019 4,717Other 5,932 5,065------- -------7,951 9,782------- -------46,275 17,937------- -------SHAREHOLDERS' EQUITYShare capital 14,489 13,415Deficit (572) (6,442)Cumulative translation adjustment 675 720------- -------14,592 7,693------- -------$60,867 $25,630======= =======