INTERIM CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
September 30, December 31, 2011 2010 Unaudited ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,156 $ 2,233 Restricted cash 126 133 Trade receivables 16,560 13,914 Other accounts receivable and prepaid expenses 2,355 2,982 Inventories 4,924 3,739 Total current assets 25,121 23,001 LONG-TERM ASSETS: Long-term accounts receivable 709 832 Severance pay fund 7,475 7,624 Property and equipment, net 11,484 11,255 Investment in affiliate 515 295 Other intangible assets, net 4,287 6,497 Goodwill 51,942 53,926 Total long-term assets 76,412 80,429 Total assets $ 101,533 $ 103,430
The accompanying notes are an integral part of the interim consolidated financial statements.
INTERIM CONSOLIDATED BALANCE SHEETSU.S. dollars in thousands (except share and per share data)
September 30, December 31, 2011 2010 Unaudited LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Short-term bank credit and current maturities of long-term loans $ 12,846 $ 13,170 Trade payables 11,233 10,064 Deferred revenues and customer advances 8,257 7,806 Other accounts payable and accrued expenses 7,360 7,054 Total current liabilities 39,696 38,094 LONG-TERM LIABILITIES: Long-term loans from banks 8,582 11,526 Long-term loans from shareholders and others 952 957 Other long-term liabilities 1,598 842 Accrued severance pay 8,713 8,365 19,845 21,690 COMMITMENTS AND CONTINGENT LIABILITIES EQUITY: Pointer Telocation Ltd's shareholders' equity: Share capital - Ordinary shares of NIS 3 par value - Authorized: 8,000,000 shares at September 30, 2011 and December 31, 2010; Issued and outstanding: 4,785,848 and 4,771,181 shares at September 30, 2011 and December 31, 2010, respectively 3,293 3,280 Additional paid-in capital 118,811 118,512 Accumulated other comprehensive income 1,577 3,292 Accumulated deficit (87,978) (88,216) Total Pointer Telocation Ltd's shareholders' equity 35,703 36,868 Non-controlling interest 6,289 6,778 Total equity 41,992 43,646 Total liabilities and shareholders' equity $ 101,533 $ 103,430The accompanying notes are an integral part of the interim consolidated financial statements.
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