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Optibase Ltd. Announces Third Quarter Results

(*) All shares, options, and earnings per share amounts have been retroactively adjusted for all periods presented to reflect the 1:5 reverse stock split approved by the Company’s board of directors and shareholders on July 2, 2012 and August 16, 2012 respectively.





Condensed Consolidated Balance Sheets

September 30,


December 31,




Current Assets:
Cash and cash equivalents 26,064 22,945
Restricted cash 128 131
Trade receivables 343 732
Other accounts receivables and prepaid expenses 257 1,260
Total assets attributed to discontinued operations 966 969
Total current assets 27,758 26,037
Long term investments 62 156
Equipment, net 5 7
Real Estate Property, net 191,151 192,173
Other assets, net 1,400 1,512
Total property equipment and other assets 192,556 193,692
Total assets 220,376 219,885

Liabilities and shareholders' equity
Current Liabilities:
Current maturities of long term loans 2,539 2,529
Trade payables 19 27
Other accounts payable and accrued expenses 3,578 4,130
Total liabilities attributed to discontinued operations 2,746 2,990
Total current liabilities 8,882 9,676
Long term liabilities:
Deferred tax liabilities 14,761 14,608
Land lease liability, net 7,146 7,175
Other long term liabilities 3,084 3,559
Long term loans, net of current maturities 122,182 123,606
Total long term liabilities 147,173 148,948
Total shareholders’ equity of Optibase Ltd 46,379 45,099
Non-controlling interests 17,942


Total shareholders' equity 64,321


Total liabilities and shareholders’ equity 220,376


Amounts in thousands

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