MAGAL SECURITY SYSTEMS LTD MAGS Balance Sheet

Magal security systems ltd (MAGS)

Balance Sheet / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
22,463	19,692	27,319	21,602	32,235	36,784	32,622	16,596
Short-term bank deposits
27,025	31,036	3,055	8,001	6,147	1,789	3,005	0
Restricted deposits
2,842	1,809	786	2,844	6,101	7,818	2,299	2,692
Trade receivables (net of allowance for doubtful accounts of $ 2,064 and $ 1,557 at December 31, 2016 and 2017, respectively)
14,489	13,702	13,706	20,875	12,634	17,920	13,230	15,106
Unbilled accounts receivable
6,309	4,232	5,597	4,093	2,388	2,394	4,855	2,927
Other accounts receivable and prepaid expenses (Note 3)
2,850	2,751	2,107	2,102	2,379	2,671	5,438	2,630
Inventories (Note 4)
9,596	6,818	7,879	8,147	8,352	8,535	9,664	10,340
Deferred income taxes (Note 14)
-	-	-	625	529	502	508	474
Total current assets
85,574	80,040	60,449	68,289	70,765	78,413	71,621	50,765
LONG-TERM INVESTMENTS AND RECEIVABLES:
Long-term trade receivables
0	308	617	232	690	1,048	1,423	1,568
Long-term deposits and restricted bank deposits
155	126	136	134	35	48	2,202	2,196
Severance pay fund
1,524	1,321	1,761	2,187	2,589	2,220	2,121	2,148
Deferred income taxes (Note 12)
2,579	2,114	1,055	463	0	0	-	-
Total long-term investments and receivables
4,258	3,869	3,569	3,016	3,314	3,316	5,746	5,912
PROPERTY AND EQUIPMENT, NET (Note 5)
5,718	5,301	5,415	6,111	7,280	7,122	6,460	6,794
INTANGIBLE ASSETS, NET (Note 6)
4,303	4,933	1,313	1,847	895	171	190	213
GOODWILL (Note 7)
12,692	11,850	4,250	4,496	5,417	2,014	1,970	2,026
Total assets
112,545	105,993	74,996	83,759	87,671	91,036	85,987	65,710
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term bank credit (Note 8)
-	-	-	2,571	5,764	5,358	5,357	9,327
Current maturities of long-term bank debt
-	-	-	500	506	33	33	503
Trade payables
5,198	4,040	3,185	6,272	3,916	6,725	6,724	3,937
Customer advances
7,191	5,602	2,520	1,262	4,226	6,895	5,877	2,428
Other accounts payable and accrued expenses (Note 8)
13,784	11,646	10,748	11,879	9,431	10,200	13,137	7,958
Deferred income taxes (Note 14)
-	-	-	-	-	0	-	-
Total current liabilities
26,173	21,288	16,453	22,484	23,843	29,211	31,128	24,153
LONG-TERM LIABILITIES:
Deferred revenues
891	472	0	-	-	-	-	-
Long-term bank debt and other long-term payables (Note 10)
-	-	-	1,406	1,912	6	-	-
Long-term bank debt (Note 10)
-	-	-	-	-	-	38	50
Loan from related party (Note 16c)
-	-	-	-	-	-	-	9,907
Deferred income taxes
190	167	173	193	219	210	205	190
Accrued severance pay
2,328	2,089	2,660	3,719	4,157	3,283	3,605	3,394
Other long-term liabilities
14	59	15	-	-	-	-	-
Total long-term liabilities
3,423	2,787	2,848	5,318	6,288	3,499	3,848	13,541
COMMITMENTS AND CONTINGENT LIABILITIES (Note 9)
0	0	0	0	0	0	0	0
SHAREHOLDERS' EQUITY:
Share capital - Ordinary shares of NIS 1 par value - Authorized: 39,748,000 shares at December 31, 2016 and December 31, 2017; Issued and outstanding: 22,894,348 shares at December 31, 2016 and 23,032,448 shares at December 31, 2017
6,716	6,679	4,968	4,935	4,901	4,887	4,813	3,225
Additional paid-in capital
93,975	93,441	69,888	69,174	68,371	66,183	64,920	49,971
Accumulated other comprehensive loss
-87	-1,923	-1,850	2,041	3,874	4,749	4,486	5,075
Foreign currency translation adjustments (Company's standalone financial statements)
5,859	412	406	632	4,589	2,224	603	3,400
Accumulated deficit
-23,514	-16,600	-17,629	-20,770	-24,180	-19,717	-23,811	-33,655
Total Magal shareholders' equity
82,949	82,009	55,783	55,957	57,540	58,326	-	-
Non-controlling interest
0	-91	-88	-55	-15	0	-	-
Total shareholders' equity (Note 10)
82,949	81,918	55,695	56,012	57,555	58,326	51,011	28,016
Total liabilities and shareholders' equity
112,545	105,993	74,996	83,759	87,671	91,036	85,987	65,710