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Cimatron Reports $1.0M Non-GAAP Operating Profit In The Third Quarter Of 2012

Stocks in this article: CIMT

CONSOLIDATED BALANCE SHEETS

(US Dollars in thousands)

                                                              September 30,  December 31,
                                                                   2012          2011
 
                 ASSETS
    CURRENT
    ASSETS:
             Total cash, cash equivalents and short-term
             investments                                         $ 12,276     $ 11,787
             Trade receivables                                      4,555        5,840
             Other current assets                                   1,669        1,452
             Total current assets                                  18,500       19,079
 
             Deposits with insurance companies and severance 
             pay fund                                               3,132        3,069
 
             Net property and equipment                               941        1,009
 
             Total other assets                                    10,649       11,365
 
             Total assets                                        $ 33,222     $ 34,522
 
             LIABILITIES AND SHAREHOLDERS' EQUITY
    CURRENT
    LIABILITIES:
             Short-term bank credit                                  $ 47         $ 87
             Trade payables                                         1,052        1,072
             Accrued expenses and other liabilities                 5,263        9,048
             Deferred revenues                                      4,468        2,403
             Total current liabilities                             10,830       12,610
 
    LONG-TERM
    LIABILITIES:
             Accrued severance pay                                  4,193        4,135
             Long-term loan                                             -            6
             Deferred tax liability                                   366          639
             Total long-term liabilities                            4,559        4,780
 
             Total shareholders' equity                            17,833       17,132
             Total liabilities and shareholders' equity          $ 33,222     $ 34,522

CIMATRON LIMITED

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

  (US Dollars in thousands)

                                                                    Accumulated
                                                                       other
                                                        Additional comprehensive
                                 Noncontrolling  Share   paid-in      income
                                    Interest    capital  capital      (loss)
    Balance at December 31,
    2011                              $ (131)   $ 313   $ 18,999       $ (446)
    Changes during the nine
    months ended September 30,
    2012:
    Net income                             24
    Cash dividend paid
    Exercise of share options                       -         40
    Unrealized gain on
    derivative instruments                                                 218
    Other                                                                    7
    Foreign currency
    translation adjustment                                                (77)
    Total comprehensive income
    Balance at September 30,
    2012                              $ (107)   $ 313   $ 19,039       $ (298)

Table continued…

                                 Retained
                                 earnings                                Total
                               (accumulated  Treasury  Comprehensive  shareholders'
                                 deficit)     stock    income (loss)    equity
    Balance at December 31,
    2011                           $ (851)  $ (752)                    $ 17,132
    Changes during the nine
    months ended September
    30, 2012:
    Net income                      2,352                  2,376         2,376
    Cash dividend paid             (1,863)                              (1,863)
    Exercise of share
    options                                                                 40
    Unrealized gain on
    derivative instruments                                   218           218
    Other                                                      7             7
    Foreign currency
    translation adjustment                                   (77)          (77)
    Total comprehensive
    income                                                 2,524
    Balance at September 30,
    2012                           $ (362)  $ (752)                   $ 17,833

CIMATRON LIMITED

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