| Cash Flow for Jacada Ltd. (JCDA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 4,116 | (2,572) | (4,958) | (5,613) | (2,149) | | Depreciation & Amortization | 746 | 877 | 935 | 1,226 | 1,444 | | Deferred Income Taxes | (5,404) | - | - | - | - | | Operating Losses | - | 48 | (675) | 714 | 388 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (2,655) | (67) | 858 | 287 | (98) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | (668) | (14) | (158) | (154) | 82 | | Increase in Payables | (35) | 221 | (15) | 481 | (235) | | Increase in Other Current Liabilities | (219) | 640 | 1,268 | 459 | 1,316 | | Decrease in Other Working Capital | 33 | 102 | (137) | - | (16) | | Other Non-Cash Items | 675 | 376 | 28 | (31) | - | | Net Cash from Continuing Operations | (3,411) | (389) | (2,854) | (2,631) | 757 | | Net Cash from Discontinued Operations | 185 | - | - | - | - | | Cash from Operating Activities | (3,226) | (389) | (2,854) | (2,631) | 757 | | | | Sale of Property, Plant, Equipment | 23 | 19 | 115 | 315 | 176 | | Sale of Short Term Investments | 16,455 | 18,280 | 29,957 | 15,415 | 77,194 | | | Purchase of Property, Plant, Equipment | (478) | (461) | (258) | (1,412) | (318) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (12,566) | (16,748) | (27,536) | (18,416) | (83,478) | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | 3,434 | 1,090 | 2,278 | (4,098) | (6,365) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 1,017 | 573 | 485 | 436 | 134 | | | Repayment of Debt | - | - | - | - | - | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 1,017 | 573 | 485 | 436 | 134 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 1,225 | 1,274 | (91) | (6,293) | (5,474) | | | Cash at Beginning of Year | 4,735 | 3,461 | 3,552 | 9,845 | 15,319 | | Cash at End of Period | 5,960 | 4,735 | 3,461 | 3,552 | 9,845 | | | |
