Cimatron Reports $1.0M Non-GAAP Operating Profit in the Third Quarter of 2012


CIMATRON LIMITED

CONSOLIDATED BALANCE SHEETS

(US Dollars in thousands)

                                                              September 30,  December 31,
                                                                   2012          2011
 
                 ASSETS
    CURRENT
    ASSETS:
             Total cash, cash equivalents and short-term
             investments                                         $ 12,276     $ 11,787
             Trade receivables                                      4,555        5,840
             Other current assets                                   1,669        1,452
             Total current assets                                  18,500       19,079
 
             Deposits with insurance companies and severance 
             pay fund                                               3,132        3,069
 
             Net property and equipment                               941        1,009
 
             Total other assets                                    10,649       11,365
 
             Total assets                                        $ 33,222     $ 34,522
 
             LIABILITIES AND SHAREHOLDERS' EQUITY
    CURRENT
    LIABILITIES:
             Short-term bank credit                                  $ 47         $ 87
             Trade payables                                         1,052        1,072
             Accrued expenses and other liabilities                 5,263        9,048
             Deferred revenues                                      4,468        2,403
             Total current liabilities                             10,830       12,610
 
    LONG-TERM
    LIABILITIES:
             Accrued severance pay                                  4,193        4,135
             Long-term loan                                             -            6
             Deferred tax liability                                   366          639
             Total long-term liabilities                            4,559        4,780
 
             Total shareholders' equity                            17,833       17,132
             Total liabilities and shareholders' equity          $ 33,222     $ 34,522


CIMATRON LIMITED

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

 (US Dollars in thousands)

                                                                    Accumulated
                                                                                                               other
                                                                                                                Additional  comprehensive
                                                                  Noncontrolling    Share      paid-in            income
                                                                        Interest        capital    capital            (loss)
        Balance  at  December  31,
        2011                                                            $  (131)      $  313      $  18,999              $  (446)
        Changes  during  the  nine
        months  ended  September  30,
        2012:
        Net  income                                                          24
        Cash  dividend  paid
        Exercise  of  share  options                                              -                  40
        Unrealized  gain  on
        derivative  instruments                                                                                                  218
        Other                                                                                                                                        7
        Foreign  currency
        translation  adjustment                                                                                                (77)
        Total  comprehensive  income
        Balance  at  September  30,
        2012                                                            $  (107)      $  313      $  19,039              $  (298)
 


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