| Income Statement for Optibase Ltd. (OBAS) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 22,977 | 17,977 | 22,388 | 20,848 | 19,377 | | Adjustments to Revenue | N/A | - | - | - | - | | Cost of Revenue | (11,387) | (6,610) | (8,991) | (8,255) | (7,212) | | Gross Operating Profit | 11,590 | 11,367 | 13,397 | 12,593 | 12,165 | | | Selling/General/Admin Expense | (10,171) | (10,422) | (12,744) | (12,694) | (9,901) | | Research & Development | (5,362) | (4,208) | (4,639) | (6,264) | (4,839) | | EBITDA | (3,943) | (3,263) | (3,986) | (6,365) | (2,575) | | Depreciation & Amortization | N/A | (1,106) | (1,109) | (1,105) | (1,296) | | EBIT | (3,943) | (4,369) | (5,095) | (7,470) | (3,871) | | Interest Income | N/A | 1,602 | 1,583 | 5,668 | 3,836 | | Other Income, Net | (2,549) | (31) | 276 | 933 | 2,049 | | Total Income Avail For Interest Expense | (6,492) | (2,971) | (3,445) | (3,680) | 2,014 | | Interest Expense | (34) | (164) | - | - | (181) | | Pre-Tax Income | (6,526) | (3,135) | (3,445) | (3,680) | 1,833 | | Income Taxes | (73) | - | - | - | - | | Minority Interest | N/A | - | - | - | - | | Net Income from Continuing Operations | (6,599) | (3,135) | (3,445) | (3,680) | 1,833 | | Net Income from Discontinued Operations | (30) | 15 | - | - | - | | Net Income from Total Operations | (6,629) | (3,120) | (3,445) | (3,680) | 1,833 | | | Normalized Income | N/A | (2,962) | (3,236) | (869) | 1,833 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | N/A | (173) | (209) | (2,811) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (6,629) | (3,120) | (3,445) | (3,680) | 1,833 | | | 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 | 0.00 | | Preferred Dividends | N/A | - | - | - | - | | | Basic EPS from Continuing Operations | -0.49 | -0.23 | -0.26 | -0.28 | 0.15 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.49 | -0.23 | -0.26 | -0.28 | 0.15 | | | Diluted EPS from Continuing Operations | -0.49 | -0.23 | -0.26 | -0.28 | 0.14 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.49 | -0.23 | -0.26 | -0.28 | 0.14 | | | |
