(1) Non-GAAP adjustment to exclude non-cash amortization of acquired intangible assets.
(2) Non-GAAP adjustment to exclude the effect of deferred taxes and other non-cash tax provisions.
CIMATRON LIMITED
CONSOLIDATED BALANCE SHEETS
(US Dollars in thousands)
March 31, December 31,
2012 2011
ASSETS
CURRENT ASSETS:
Total cash, cash equivalents and
short-term investments $ 14,904 $ 11,787
Trade receivables 6,102 5,840
Other current assets 1,836 1,452
Total current assets 22,842 19,079
Deposits with insurance companies and
severance pay fund 3,187 3,069
Net property and equipment 944 1,009
Total other assets 11,232 11,365
Total assets $ 38,205 $ 34,522
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term bank credit $ 730 $ 87
Trade payables 1,226 1,072
Accrued expenses and other liabilities 7,799 9,048
Deferred revenues 5,270 2,403
Total current liabilities 15,025 12,610
LONG-TERM LIABILITIES:
Accrued severance pay 4,310 4,135
Long-term loan 6 6
Deferred tax liability 548 639
Total long-term liabilities 4,864 4,780
Total shareholders' equity 18,316 17,132
Total liabilities and shareholders' equity $ 38,205 $ 34,522
CIMATRON LIMITED
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
(US Dollars in thousands)
Non- Additional Accumulated Retained Compre- Total
controlling Share paid-in other earnings Treasury hensive share-
Interest capital capital comprehensive (accumulated Stock income holders'
income (loss) deficit) (loss) equity
Balance at
December 31,
2011 $ (131) $ 313 $ 18,999 $ (446) $ (851) $ (752) $ 17,132
Changes
during the
three months
ended March
31, 2012:
Net income 12 831 843 843
Exercise of
share options - 14 14
Unrealized
loss on
derivative
instruments 215 215 215
Other 112 112 112
Foreign
currency
translation
adjustment - - -
Total
comprehensive
income 1,170
Balance at
March 31,
2012 $ (119) $ 313 $ 19,013 $ (119) $ (20) $ (752) $ 18,316
