Incredimail 2008 Annual Report Download - page 72

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The accompanying notes are an integral part of the consolidated financial statements.
F - 3
The accompanying notes are an integral part of the consolidated financial statements.
F - 4
Total
assets
$
31,766
$
37,651
INCREDIMAIL LTD. AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands (except share and per share data)
December 31,
2007
2008
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables
$
1,546
$
1,948
Deferred revenues
3,254
2,605
Accrued expenses and other liabilities
3,244
4,426
Total
current liabilities
8,044
8,979
LONG
-
TERM LIABILITIES:
Deferred revenues
1,559
1,743
Accrued severance pay
1,392
1,385
Total
long
-
term liabilities
2,951
3,128
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:
Share capital
-
Ordinary shares of NIS 0.01 par value
-
Authorized: 15,000,000 shares as of December 31, 2007 and 2008; Issued and
outstanding: 9,475,943 and 9,271,159 shares at December 31, 2007 and 2008,
respectively
20
21
Additional paid
-
in capital
22,029
23,358
Accumulated other comprehensive income
112
12
Treasury shares
-
0 and 300,564 Ordinary shares as of December 31, 2007 and
2008, respectively
-
(882
)
Retained earnings (accumulated deficit)
(1,390
)
3,035
Total
shareholders' equity
20,771
25,544
Total
liabilities and shareholders' equity
$
31,766
$
37,651
INCREDIMAIL LTD. AND ITS SUBSIDIARIES