Incredimail 2011 Annual Report Download - page 91

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PERION NETWORK LTD. AND ITS SUBSIDIARIES
(Formerly: Incredimail Ltd.)
CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands (except share and per share data)
The accompanying notes are an integral part of the consolidated financial statements.
December 31,
2010
2011
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables
$
1,831
$
3,207
Deferred revenues
2,204
4,280
Payment obligation related to acquisition
-
6,574
Accrued expenses and other liabilities
6,206
6,950
Total
current liabilities
10,241
21,011
LONG
-
TERM LIABILITIES:
Deferred revenues
1,576
1,120
Accrued severance pay
1,379
946
Total long-term liabilities
2,955
2,066
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:
Share capital
-
Ordinary shares of NIS 0.01 par value
-
Authorized: 15,000,000 and 40,000,000 shares at December 31,
2010 and 2011, respectively; Issued and outstanding: 9,701,750
and 9,916,194 shares at December 31, 2010 and 2011, respectively
22
22
Additional paid
-
in capital
23,734
25,714
Accumulated other comprehensive income
100
-
Retained earnings
5,298
7,081
Treasury stock
(1,002
)
(1,002
)
Total shareholders' equity
28,152
31,815
Total liabilities and shareholders' equity
$
41,348
$
54,892
F
-
4