MAGAL S3 LTD. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All numbers expressed in thousands of US$)
March 31, December 31, 2012 2011 CURRENT ASSETS: Cash and cash equivalents $32,794 $32,622 Short-term bank deposit 8,318 3,005 Restricted deposit 2,167 2,299 Trade receivables, net 12,737 13,230 Unbilled accounts receivable 4,155 4,855 Other accounts receivable and prepaid expenses 5,616 5,438 Deferred income taxes 702 508 Inventories 10,059 9,664 Total current assets 76,548 71,621 Long term investments and receivables: Long-term trade receivables 1,359 1,423 Long-term deposits and restricted bank deposits 45 2,202 Severance pay fund 2,285 2,121 Total long-term investments and receivables 3,689 5,746 PROPERTY AND EQUIPMENT, NET 6,603 6,460 OTHER INTANGIABLE ASSETS, NET 183 190 GOODWILL 2,025 1,970 Total assets $89,048 $85,987 CURRENT LIABILITIES: Short-term bank credit $5,402 $5,357 Current maturities of long-term bank debt 33 33 Trade payables 4,908 6,724 Customer advances 7,766 5,877 Other accounts payable and accrued expenses 14,157 13,137 Total current liabilities 32,266 31,128 LONG-TERM LIABILITIES: Long-term bank debt 75 38 Deferred income taxes 209 205 Accrued severance pay 3,851 3,605 Total long-term liabilities 4,135 3,848 SHAREHOLDERS' EQUITY Ordinary shares of NIS 1 par value - Authorized: 39,748,000 shares at March 31, 2012 and December 31, 2011; Issued and outstanding: 15,827,682 shares at March 31, 2012 and 15,819,822 shares at December 31, 2011 4,815 4,813 Additional paid-in capital 65,002 64,920 Accumulated other comprehensive income 5,579 4,486 Foreign currency translation adjustments (Company's stand alone financial statements) 1,016 603 Accumulated deficit (23,765) (23,811) TOTAL SHAREHOLDERS' EQUITY 52,647 51,011 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $89,048 $85,987
For more information:
Magal S3 Ltd. Eitan Livneh, CEO Tel: +972-3-539-1421 Assistant: Ms. Elisheva Almog E-mail: email@example.com Web: http://www.magal-s3.com CCG Investor Relations Ehud Helft/Kenny Green Tel: (US) +1-646-201-9246 E-mail: firstname.lastname@example.orgSOURCE Magal S3
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