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
translation into U.S.
|September 30,||December 31,||September 30,|
|Cash and cash equivalents||600||532||153|
|Other receivables and prepaid expenses||48||41||12|
|Deferred expenses - right of use||21||19||5|
|Income tax receivable||18||12||5|
|Derivative financial instruments||7||24||2|
|NON CURRENT ASSETS|
|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|
|Deferred income tax asset||30||30||8|