| Income Statement for Magic Software Enterprises Ltd. (MGIC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 58,428 | 61,725 | 60,990 | 65,167 | 63,390 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (23,485) | (23,199) | (21,470) | (20,883) | (19,400) | | Gross Operating Profit | 34,943 | 38,526 | 39,520 | 44,284 | 43,990 | | | Selling/General/Admin Expense | (27,090) | (32,349) | (34,842) | (32,541) | (30,814) | | Research & Development | (2,716) | (3,942) | (3,733) | (3,845) | (4,775) | | EBITDA | 5,137 | 2,235 | 945 | 7,898 | 8,401 | | Depreciation & Amortization | (3,855) | (5,519) | (5,206) | (4,596) | (4,739) | | EBIT | 1,282 | (3,284) | (4,261) | 3,302 | 3,662 | | Interest Income | - | - | - | 912 | 307 | | Other Income, Net | 343 | 737 | 1,169 | - | (42) | | Total Income Avail For Interest Expense | 1,539 | (4,689) | (3,073) | 4,293 | 3,891 | | Interest Expense | (12) | (49) | (811) | - | - | | Pre-Tax Income | 1,527 | (4,738) | (3,884) | 4,293 | 3,891 | | Income Taxes | (362) | (325) | (491) | (281) | (230) | | Minority Interest | (22) | 57 | (232) | 78 | (594) | | Net Income from Continuing Operations | 1,143 | (5,006) | (4,607) | 4,090 | 3,067 | | Net Income from Discontinued Operations | 11,465 | - | - | - | - | | Net Income from Total Operations | 12,608 | (5,006) | (4,607) | 4,090 | 3,067 | | | Normalized Income | 1,143 | (2,849) | (4,607) | 4,090 | 3,067 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (2,157) | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 12,608 | (5,006) | (4,607) | 4,090 | 3,067 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.40 | -0.16 | -0.15 | 0.13 | 0.10 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.40 | -0.16 | -0.15 | 0.13 | 0.10 | | | Diluted EPS from Continuing Operations | 0.40 | -0.16 | -0.15 | 0.13 | 0.10 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.40 | -0.16 | -0.15 | 0.13 | 0.10 | | | |
