Incredimail 2013 Annual Report Download - page 114

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PERION NETWORK LTD. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands (except share and per share data)
The following table present assets and liabilities measured at fair value on a recurring basis at December 31, 2013 and
2012:
In the past the Company repurchased its Ordinary shares on the open market and holds those shares as treasury shares.
The Company presents the cost to repurchase treasury shares as a reduction of shareholders' equity.
NOTE 2:-
SIGNIFICANT ACCOUNTING POLICIES (Cont.)
2013
Fair value measurements using input type
Level 1
Level 2
Level 3
Total
Cash equivalents:
Money market funds
$
10
$
-
$
-
$
10
Other receivables and prepaid expenses:
Derivative assets
-
113
-
113
Total financial assets
10
113
-
123
Payment obligation related to acquisition :
-
-
7,239
7,239
Total financial liabilities
$
-
$
-
$
7,239
$
7,239
2012
Fair value measurements using input type
Level 1
Level 2
Level 3
Total
Cash equivalents:
Money market funds
$
10
$
-
$
-
$
10
Other receivables and prepaid expenses:
Derivative assets
-
248
-
248
Total financial assets
10
248
-
258
Payment obligation Sweet IM former shareholders :
-
-
16,427
16,427
Total financial liabilities
$
-
$
-
$
16,427
$
16,427
t.
Treasury shares:
F
-
22