ADD to BW1079, Teledata Reports 74 Percent Gain In 3Q96 Sales.HERZLIA, Israel--(BUSINESS WIRE)--Nov. 6, 1996-- ADD to BW1079 (TELEDATA), after last graph, the financial tables follow: TELEDATA COMMUNICATIONS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . CONSOLIDATED BALANCE SHEETS consolidated balance sheet A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm. CONDENSED con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. September 30 December 31 1996 1995 1995 Unaudited Audited Assets Current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. $ $ $ Cash and short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. investments 17,753,490 23,305,037 25,902,723 Accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying : Trade 18,072,352 12,177,547 12,428,484 Other 2,021,692 1,717,560 1,881,816 Inventories 17,673,490 9,067,905 8,667,649 Total 55,521,024 46,268,049 48,880,672 current assets Long- 1,117,668 1,925,644 1,925,664 term receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed Debt 7,603,569 4,508,811 3,432,657 securities Fixed 5,492,599 5,104,871 5,086,587 assets Other 275,461 277,783 266,756 assets ----------- ----------- ----------- $70,010,321 $58,085,178 $59,592,336 Liabilities & Shareholders Equity Current Liabilities Current Liabilities Usually appearing on a company's balance sheet, it represents the amount owed for interest, accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one year. $ $ $ Accounts payable: Trade 6,223,818 2,996,726 4,111,664 payables Other 7,622,559 5,150,661 4,865,216 ---------- --------- --------- 13,846,377 8,147,387 8,976,880 Long-term 964,805 1,333,959 1,267,313 liabilities Minority 214,272 180,404 166,671 interest Shareholders 54,984,867 48,423,428 49,181,472 equity ---------- ---------- ---------- 70,010,321 58,085,178 59,592,336 -0- TELEDATA COMMUNICATIONS LTD. CONSOLIDATED STATEMENTS OF OPERATIONS NINE MONTHS ENDED THREE MONTHS ENDED YEAR ENDED September 30, September 30, DECEMBER 31, 1996 1995 1996 1995 1995 Unaudited Unaudited Audited Sales $37,519,606 $22,077,461 $16,046,484 $9,240,232 $32,127,359 Cost 20,321,894 13,303,768 8,962,672 5,254,397 19,280,618 of Sales GROSS 17,197,712 8,773,693 7,083,812 3,985,835 12,846,741 PROFIT Research and development costs, 4,993,838 4,417,251 1,906,770 1,312,332 5,850,363 net Selling, general and admin- istrative expenses 8,807,629 7,453,677 3,629,411 2,566,920 9,769,462 OPERATING 3,396,245 (3,097,235) 1,547,631 106,583 (2,773,084) INCOME (LOSS) Financial 1,286,264 1,189,435 424,331 435,376 1,556,225 Income, net Capital 29,476 54,953 15,560 30,777 33,928 gain, (loss), net INCOME 4,711,985 (1,852,847) 1,987,522 572,736 (1,182,931) BEFORE TAXES ON INCOME Taxes on (86,530) (42,361) (10,475) (4,395) (10,529) income INCOME 4,625,455 (1,895,208) 1,977,047 568,341 (1,193,460) AFTER TAXES ON INCOME Minority (1,875) (8,095) (2,014) (24,253) 5,638 interest NET $4,623,580 ($1,903,303) $1,975,033 $544,088 ($1,187,822) INCOME (LOSS) NET INCOME (LOSS) PER ORDINARY $0.44 ($0.18) $0.19 $0.05 ($0.11) SHARE Weighted 10,466,483 10,396,781 10,544,956 10,400,963 10,400,307 average number of shares outstanding CONTACT: Joseph Atsmon CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Teledata +972-9-591802 Shmuel Arvatz CFO See Chief Financial Officer. , Teledata +972-9-591-410 Katerina Charalambous The Anne McBride Anne C. McBride (born Nova Scotia) was a frequent candidate in Canadian federal and provincial elections and by-elections in the 1970s, 1980s and 1990s. McBride was an ordained minister in the Assemblies of God, a Pentecostal Christian denomination. Co. +212-752-0504 |
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