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Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties, or other factors not under the Company's control, which may cause actual results, performance, or achievements of the Company to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission. The Company disclaims any duty to update such statements.


Silicom Ltd. Consolidated Balance Sheets

(US$ thousands)


June 30, 2011



December 31,2010


Current assets
Cash and cash equivalents $6,096 $6,657
Short-term bank deposits 9,338 9,209
Marketable securities 9,392 8,162
Accounts receivables: Trade, net 6,751 6,762
Accounts receivables: Other 970 555
Inventories 11,347 8,140
Deferred tax assets 54 50
Total current assets 43,948 39,535
Marketable securities 21,950 21,773
Assets held for employees’ severance benefits


Deferred tax assets 150 219
Property, plant and equipment, net 777 650
Total assets $68,227 $63,479

Liabilities and shareholders' equity
Current liabilities
Trade accounts payable $4,505 $3,753
Other accounts payable and accrued expenses


Total current liabilities 6,406 5,827
Liability for employees’ severance benefits


Total liabilities 8,799 8,049
Shareholders' equity
Ordinary shares and additional paid-in capital


Treasury shares (38) (38)
Retained earnings 24,543 20,804
Total Shareholders' equity 59,428 55,430
Total liabilities and shareholders' equity



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