| Cash Flow for On Track Innovations Ltd (OTIV) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (20,643) | (6,604) | (9,113) | (9,275) | (3,567) | | Depreciation & Amortization | 2,580 | 1,862 | 981 | 571 | 1,453 | | Deferred Income Taxes | (262) | (216) | 13 | (20) | - | | Operating Losses | (667) | 384 | 497 | 3,704 | 427 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 1,951 | (1,282) | (1,755) | (1,892) | (1,015) | | Decrease in Inventories | (2,776) | (3,204) | (987) | (1,193) | 253 | | Decrease in Other Current Assets | - | - | - | - | 665 | | Increase in Payables | 3,314 | 2,558 | (1,119) | 2,070 | 198 | | Increase in Other Current Liabilities | 1,966 | (2,147) | 895 | 543 | (313) | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 6,936 | 4,325 | - | - | - | | Net Cash from Continuing Operations | (6,287) | (3,503) | (940) | (330) | 267 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (6,287) | (3,503) | (940) | (330) | 267 | | | | Sale of Property, Plant, Equipment | - | - | 20 | 24 | - | | Sale of Short Term Investments | 148,049 | 25,446 | 2,431 | - | - | | | Purchase of Property, Plant, Equipment | (6,190) | (3,107) | (1,918) | (449) | (502) | | Acquisitions | - | (128) | - | (67) | - | | Purchase of Short Term Investments | (136,094) | (23,643) | (17,875) | (4,586) | - | | Other Investment Changes, Net | 837 | 341 | (1,455) | - | - | | Cash from Investing Activities | 6,602 | (1,091) | (18,797) | (5,078) | (502) | | | Issuance of Debt | 5,543 | 978 | - | 437 | 735 | | Issuance of Capital Stock | 11 | 3,196 | 26,760 | 19,575 | 9,183 | | | Repayment of Debt | (495) | (801) | (1,351) | (475) | (2,118) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | 1,548 | - | - | - | | Cash from Financing Activities | 5,059 | 4,921 | 25,409 | 19,537 | 7,800 | | | | Effect of Exchange Rate Changes | 47 | 65 | 68 | 76 | 2 | | Net Change in Cash | 5,421 | 392 | 5,740 | 14,205 | 7,567 | | | Cash at Beginning of Year | 30,049 | 29,657 | 23,917 | 9,712 | 2,145 | | Cash at End of Period | 35,470 | 30,049 | 29,657 | 23,917 | 9,712 | | | |
