| Balance Sheet for Magic Software Enterprises Ltd. (MGIC) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 12,178 | 8,162 | 9,116 | 7,580 | 13,581 | | Marketable Securities | 4,179 | 4,718 | 4,749 | 5,223 | - | | Receivables | 30,153 | 13,255 | 14,643 | 20,586 | 22,308 | | Inventories | - | 328 | 400 | 433 | 188 | | Other Current Assets | 41 | 712 | 917 | 3,084 | - | | Total Current Assets | 47,349 | 28,045 | 31,669 | 37,211 | 36,763 | | | Gross Fixed Assets | 22,069 | 23,632 | 23,233 | 23,016 | 21,563 | | Accumulated Depreciation | (16,311) | (17,218) | (16,278) | (15,476) | (13,708) | | Net Fixed Assets | 5,758 | 6,414 | 6,955 | 7,540 | 7,855 | | Intangibles | 10,681 | 10,863 | 31,961 | 32,735 | 31,022 | | Other Non-Current Assets | 2,524 | 2,965 | 3,138 | 2,799 | 2,160 | | Total Non-Current Assets | 34,949 | 41,866 | 42,054 | 43,074 | 41,037 | | Total Assets | 82,298 | 69,911 | 73,723 | 80,285 | 77,800 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 2,999 | 3,491 | 3,319 | 2,920 | 3,249 | | Short Term Debt | 3,621 | 4,514 | 4,183 | 2,223 | 2,368 | | Other Current Liabilities | 5,405 | 5,158 | 948 | 2,392 | 3,289 | | Total Current Liabilities | 18,606 | 19,404 | 18,198 | 17,359 | 19,965 | | | Long Term Debt | 132 | 233 | 165 | 94 | 288 | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 2,316 | 2,499 | 2,527 | 2,455 | 2,166 | | Minority Interest | - | 131 | 528 | 830 | 1,457 | | Total Non-Current Liabilities | 2,448 | 2,863 | 3,220 | 3,379 | 3,911 | | Total Liabilities | 21,054 | 22,267 | 21,418 | 20,738 | 23,876 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 61,244 | 47,644 | 52,305 | 59,547 | 53,924 | | Total Equity | 61,244 | 47,644 | 52,305 | 59,547 | 53,924 | | Total Liabilities & Stock Equity | 82,298 | 69,911 | 73,723 | 80,285 | 77,800 | | | |
