ACTIONS SEMICONDUCTOR CO., LTD.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(in thousands of U.S. dollars, except number of shares and per share amounts)

Three months ended

Three months ended

Six months ended

Six months ended

June 30,

June 30,

June 30,

June 30,

2013

2012

2013

2012

(unaudited)  

 (unaudited)  

 (unaudited)  

 (unaudited)  

Revenues:                                                                                                         

  Third-parties:

   System-on-a-chip products

16,923

12,195

32,692

22,698

   Semiconductor product testing services

35

25

52

86

16,958

12,220

32,744

22,784

  Related-parties:

   System-on-a-chip products

1,559

423

2,188

594

  Total revenues

18,517

12,643

34,932

23,378

Cost of revenues:

  Third-parties:

   System-on-a-chip products

(11,446)

(7,697)

(21,509)

(14,533)

   Semiconductor product testing services

(13)

(13)

(18)

(51)

(11,459)

(7,710)

(21,527)

(14,584)

  Related-parties:

   System-on-a-chip
     products

(1,090)

(254)

(1,489)

(368)

  Total cost of revenues

(12,549)

(7,964)

(23,016)

(14,952)

Gross profit

5,968

4,679

11,916

8,426

Other operating income

78

119

152

191

Operating expenses:

  Research and development

(7,340)

(5,557)

(13,362)

(11,339)

  General and administrative

(2,107)

(2,096)

(4,084)

(3,872)

  Selling and marketing

(501)

(301)

(996)

(550)

Total operating expenses

(9,948)

(7,954)

(18,442)

(15,761)

Loss from operations

(3,902)

(3,156)

(6,374)

(7,144)

Other income
 (expenses)

1,150

(445)

1,370

94

Dividend income from an other investment

493

-

493

-

Fair value change in trading securities

-

1

-

2

Interest income

2,993

3,118

6,191

6,565

Interest expense

(124)

(62)

(224)

(123)

Income (loss) before income taxes, equity in net (loss)
income of equity method investees and non-controlling
interest

610

(544)

1,456

(606)

Income tax credit (expense)

255

(38)

(98)

(574)

Equity in net (loss) income of equity method investees

(186)

21

(259)

(34)

Net income (loss)

679

(561)

1,099

(1,214)

Less: Net loss attributable to non-controlling interest

-

2

1

6

Net income (loss) attributable to Actions Semiconductor Co., Ltd.

679

(559)

1,100

(1,208)

Net income (loss) per share: Basic

Net income (loss) attributable to Actions Semiconductor Co., Ltd. Shareholders

0.002

(0.001)

0.003

(0.003)

Net income (loss) per share: Diluted

Net income (loss) attributable to Actions Semiconductor Co., Ltd. Shareholders

0.002

(0.001)

0.003

(0.003)

Basic (per ADS)

0.010

(0.008)

0.016

(0.018)

Diluted (per ADS)

0.010

(0.008)

0.016

(0.018)

Weighted-average shares used in computation:

Basic

412,242,251

414,249,548

411,185,535

414,123,803

Diluted

427,401,804

414,249,548

424,606,224

414,123,803

Weighted-average ADS used in computation :

Basic

68,707,042

69,041,591

68,530,923

69,020,634

Diluted

71,233,634

69,041,591

70,767,704

69,020,634

Note: Share-based compensation recorded in each

expense classification above is as follows:

  Research and development

41

333

205

687

  General and administrative

16

95

66

193

  Selling and marketing

3

17

11

32

  Cost of revenues

15

4

15

10