| Cash Flow for Optibase Ltd. (OBAS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | N/A | (3,120) | (3,445) | (3,680) | 1,833 | | Depreciation & Amortization | N/A | 1,106 | 1,109 | 1,105 | 1,356 | | Deferred Income Taxes | N/A | - | - | - | - | | Operating Losses | N/A | 744 | 1,151 | 2,691 | (2,938) | | Extraordinary Losses | N/A | - | - | - | - | | | Decrease in Receivables | N/A | (1,651) | 829 | 69 | (354) | | Decrease in Inventories | N/A | (629) | 199 | (1,206) | 290 | | Decrease in Other Current Assets | N/A | - | - | - | - | | Increase in Payables | N/A | (613) | (272) | 1,215 | (594) | | Increase in Other Current Liabilities | N/A | 1,260 | (2,136) | 2,297 | 371 | | Decrease in Other Working Capital | N/A | (500) | - | - | - | | Other Non-Cash Items | N/A | (405) | - | - | - | | Net Cash from Continuing Operations | N/A | (3,808) | (2,565) | 2,491 | (96) | | Net Cash from Discontinued Operations | N/A | 87 | - | - | - | | Cash from Operating Activities | N/A | (3,721) | (2,565) | 2,491 | (96) | | | | Sale of Property, Plant, Equipment | N/A | 2 | 975 | 125 | 12 | | Sale of Short Term Investments | N/A | 2,150 | 15,000 | 40,805 | 51,186 | | | Purchase of Property, Plant, Equipment | N/A | (716) | (833) | (501) | (210) | | Acquisitions | N/A | - | - | (2,885) | - | | Purchase of Short Term Investments | N/A | (55) | (17,000) | (38,752) | (53,639) | | Other Investment Changes, Net | N/A | - | (599) | (677) | (914) | | Cash from Investing Activities | N/A | 1,206 | (2,457) | (1,885) | (3,565) | | | Issuance of Debt | N/A | 2,414 | 719 | - | 2,151 | | Issuance of Capital Stock | N/A | 498 | 437 | 411 | 2,067 | | | Repayment of Debt | N/A | - | - | (1,662) | (129) | | Repurchase of Capital Stock | N/A | - | - | - | - | | Payment of Cash Dividends | N/A | - | - | - | - | | Other Financing Charges, Net | N/A | - | - | - | - | | Cash from Financing Activities | N/A | 2,912 | 1,156 | (1,251) | 4,089 | | | | Effect of Exchange Rate Changes | N/A | - | - | - | - | | Net Change in Cash | N/A | 397 | (3,866) | (645) | 428 | | | Cash at Beginning of Year | N/A | 1,919 | 5,785 | 6,430 | 6,002 | | Cash at End of Period | N/A | 2,316 | 1,919 | 5,785 | 6,430 | | | |
