Incredimail 2009 Annual Report Download - page 99

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INCREDIMAIL LTD .
AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Depreciation expenses totaled $402,000, $970,000 and $625,000 for the years ended December 31, 2007, 2008 and 2009,
respectively.
NOTE 5:
-
PROPERTY AND EQUIPMENT
December 31,
2008
2009
U.S. dollars in thousands
Cost:
Computers and peripheral equipment
$
2,544
$
3,045
Office furniture and equipment
365
366
Leasehold improvements
516
453
Motor vehicles
38
38
3,463
3,902
Accumulated depreciation
1,985
2,536
Depreciated cost
$
1,478
$
1,366
NOTE 6:
-
OTHER INTANGIBLE ASSETS
a.
Composition:
December 31,
2008
2009
U.S. dollars in thousands
Original amounts:
Capitalized software development costs
$
76
$
76
Capitalized content costs
158
233
Domain
35
35
269
344
Accumulated amortization
120
210
Other intangible assets, net
$
149
$
134
b.
Amortization expense amounted to $108,000, $80,000 and $90,000 for the years ended December 31, 2007, 2008 and
2009, respectively.
c.
Estimated amortization expense amounts to $76,000, $41,000 and $17,000 for the years ended December 31 2010,
2011 and 2012, respectively.
d.
For impairment losses, see Note 2(i).
NOTE 7:
-
ACCRUED EXPENSES AND OTHER LIABILITIES
December 31,
2008
2009
U.S. dollars in thousands
Employees and payroll accruals
$
1,467
$
1,794
Government authorities
2,023
2,835
Deferred tax liabilities, net
-
1,342
Accrued expenses
936
606
$
4,426
$
6,577
F-18