Actions Semiconductor Reports Second Quarter 2013 Results

Investor Contacts:

Elaine Ketchmere	Edward Chen
Compass Investor Relations	Investor Relations at Actions Semiconductor
eketchmere@compass-ir.com	edward@actions-semi.com
310-528-3031	+86-756-3392353*1110

ACTIONS SEMICONDUCTOR CO., LTD.
CONSOLIDATED CONDENSED BALANCE SHEET
(in thousands of U.S. dollars)

	At June 30,	At March 31,	At December 31,
	2013	2013	2012
	(unaudited)	(unaudited)	(audited)
ASSETS
Current assets:
Cash and cash equivalents	115,247	57,511	71,336
Time deposits	15,519	15,322	10,000
Marketable securities	89,493	139,520	130,721
Trading securities	73	74	76
Accounts receivable	5,922	5,248	5,950
Amount due from a related party	899	292	340
Amount due from an equity method investee	55	36	79
Inventories, net of inventory written-down of $1,283, $704 and $701 as of June 30, 2013, March 31, 2013 and December 31, 2012 respectively	27,759	16,961	11,979
Prepaid expenses and other current assets	6,483	10,734	4,288
Income tax recoverable	271	189	189
Deferred tax assets	362	422	504
Total current assets	262,083	246,309	235,462

Investments in equity method investees	17,822	14,262	14,329
Other investments	16,319	16,308	16,305
Marketable securities	-	11,269	11,239
Rental deposits	59	58	49
Property, plant and equipment, net	31,898	31,876	32,321
Land use right	1,590	1,579	1,584
Acquired intangible assets, net	9,743	10,022	10,819
Deferred tax assets	73	76	80
TOTAL ASSETS	339,587	331,759	322,188

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	18,952	11,656	8,073
Accrued expenses and other current liabilities	5,744	8,340	8,411
Short-term bank loans	25,500	25,500	20,500
Other liabilities	2,323	2,351	2,056
Income tax payable	151	135	49
Deferred tax liabilities	135	607	534
Total current liabilities	52,805	48,589	39,623

Other liabilities	13	13	13
Payable for acquisition of intangible assets	128	128	603
Deferred tax liabilities	3,516	3,299	3,189
Total liabilities	56,462	52,029	43,428
Equity:
Ordinary shares	1	1	1
Additional paid-in capital	20,527	20,257	20,202
Accumulated other comprehensive income	38,692	36,246	35,751
Retained earnings	223,935	223,256	222,835
Total Actions Semiconductor Co., Ltd. shareholders' equity	283,155	279,760	278,789
Non-controlling interest	(30)	(30)	(29)
Total equity	283,125	279,730	278,760
TOTAL LIABILITIES AND EQUITY	339,587	331,759	322,188

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