Incredimail 2009 Annual Report Download - page 76

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F. DIVIDENDS AND PAYING AGENTS
Not applicable.
G. STATEMENT BY EXPERTS
Not applicable.
H. DOCUMENTS ON DISPLAY
You may request a copy of our U.S. SEC filings, at no cost, by writing or calling us at IncrediMail Ltd., 4 HaNechoshet Street, Tel-
Aviv 69710, Israel, Attention: Yacov Kaufman, Telephone: +972-3-
7696100. A copy of each report submitted in accordance with applicable
United States law is available for public review at our principal executive offices. In addition, our filings with the SEC may be inspected without
charge at the SEC’
s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. Information on the operation of the Public
Reference Room can be obtained by calling the SEC at 1-800-SEC-0330. Our SEC filings are also available to the public from the SEC’
s
website at www.sec.gov.
A copy of each document (or a translation thereof to the extent not in English) concerning IncrediMail that is referred to in this annual
report on Form 20-
F, is available for public view (subject to confidential treatment of agreements pursuant to applicable law) at our principal
executive offices at IncrediMail Ltd., 4 HaNechoshet Street, Tel-Aviv 69710, Israel.
I. SUBSIDIARY INFORMATION
Not applicable.
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Exchange Rate Risk.
A significant portion of our revenues and expenses are in foreign currencies. As a result numerous balances are
denominated or linked to these currencies. In 2008 the related foreign currency fluctuation resulted in $3,000 financial income and in 2009
resulted in financial income of $12,000. Both sums are components of the exchange rate differences set forth in Note 11(b) of our financial
statements.
As of December 31, 2009, balance sheet items in US dollars, our functional currency, and those currencies other than the US dollars
were as follows:
The fair value of firmly committed transactions denominated in currencies other than our functional currency, as of December 31, 2009,
were $620,000 for less than one year and $515,000 for more than one year but less than three years, all denominated in New Israeli Shekels.
The fair value of derivative instruments and the notional amount of the hedged instruments in New Israeli Shekels, as of December 31,
2009 were as follows:
US Dollars
New Israeli
Shekels
Other
Currencies
Total
In thousands of US dollars
Current assets
$
30,835
$
5,157
$
740
$
36,732
Long
-
term assets
357
1,104
-
1,461
Current liabilities
(5,905
)
(3,981
)
-
(9,886
)
Long-term liabilities
(1,616
)
(1,390
)
-
(3,006
)
Total
$
23,671
$
890
$
740
$
25,301
Notional
Amount
Fair Value
In thousands of US dollars
Zero
-
cost collar contracts to hedge payroll expenses
$
1,150
$
54
Forward contracts to hedge payroll expenses
2,100
(18
)
Total
$
3,250
$
36
70