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Shamir Optical Industry Ltd. Reports Fourth Quarter and Year-End 2007 Results
Date:3/6/2008

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TOTAL CURRENT ASSETS 98,496 99,598

LONG-TERM INVESTMENTS:

Severance pay fund 2,542 3,089

Loan to a related party 1,297 -

Loan to others 240 -

Long-term receivables - 1,299

Investments in affiliates 3,513 4,437

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TOTAL LONG-TERM INVESTMENTS 7,592 8,825

PROPERTY, PLANT AND EQUIPMENT, NET 28,368 39,170

OTHER ASSETS 5,362 5,356

GOODWILL 7,178 7,542

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TOTAL ASSETS $146,996 $160,491

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CURRENT LIABILITIES:

Short-term bank credit and loans $13,654 $15,950

Current maturities of long-term

loans 4,428 7,689

Trade payables 8,930 10,852

Accrued expenses and other

liabilities 11,544 12,735

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TOTAL CURRENT LIABILITIES 38,556 47,226

LONG-TERM LIABILITIES:

Long-term loans 17,995 17,491

Capital leases 4,304 4,303

Accrued severance pay 2,828 3,337

Other
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SOURCE Shamir Optical Industry Ltd.
Copyright©2008 PR Newswire.
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