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TheStreet Open House

Partner Communications Reports Third Quarter 2012 Results

Stocks in this article: PTNR

Partner provides international long distance services, internet services and local telecommunication fixed-line services (including telephony services using VOB) under the 012 Smile brand. 012 Smile is a wholly owned subsidiary of Partner Communications acquired by Partner Communications on March 3, 2011 (For further details see the press release dated March 3, 2011).

Partner is an approximately 45%-owned subsidiary of Scailex Corporation Ltd. ("Scailex"). Scailex's shares are traded on the Tel Aviv Stock Exchange under the symbol SCIX and are quoted on "Pink Quote" under the symbol SCIXF.PK. Scailex currently operates in two major domains of activity in addition to its holding in Partner: (1) the sole import, distribution and maintenance of Samsung mobile handset and accessories products primarily to the major cellular operators in Israel (2) management of its financial assets.

For more information about Scailex, see http://www.scailex.com.

For more information about Partner, see http://www.orange.co.il/en/Investors-Relations/lobby/

PARTNER COMMUNICATIONS COMPANY LTD

(An Israeli Corporation)

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

 

New Israeli shekels

 

Convenience

translation into U.S.

dollars

September 30,   December 31, September 30,
2012 2011 2012
(Unaudited) (Audited) (Unaudited)
In millions
CURRENT ASSETS
Cash and cash equivalents 600 532 153
Trade receivables 1,420 1,518 363
Other receivables and prepaid expenses 48 41 12
Deferred expenses - right of use 21 19 5
Inventories 101 162 26
Income tax receivable 18 12 5
Derivative financial instruments 7 24 2
2,215 2,308 566
 
NON CURRENT ASSETS
Trade Receivables 608 856 155
Deferred expenses - right of use 147 142 38
Assets held for employee rights upon retirement, net 3
Property and equipment 1,960 2,051 501
Licenses and other intangible assets 1,220 1,290 312
Goodwill 407 407 104
Deferred income tax asset 30 30 8
4,372 4,779 1,118
 
TOTAL ASSETS 6,587 7,087 1,684
 

PARTNER COMMUNICATIONS COMPANY LTD.

(An Israeli Corporation)

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