Shamir Optical Industry Ltd. Reports Third Quarter 20... (TOTAL CURRENT ASSETS 99542...)

Shamir Optical Industry Ltd. Reports Third Quarter 2008 Results

Date:11/26/2008

TOTAL CURRENT ASSETS 99,542 98,938 LONG-TERM INVESTMENTS: Severance pay fund 3,089 3,623 Long-term receivables 1,299 1,073 Investments in affiliates 4,437 1,495 TOTAL LONG-TERM INVESTMENTS 8,825 6,191 PROPERTY, PLANT AND EQUIPMENT, NET 39,170 41,536 OTHER ASSETS 5,412 6,945 GOODWILL 7,542 9,455 TOTAL ASSETS $160,491 $163,065 CURRENT LIABILITIES: Short-term bank credit and loans $15,950 $13,860 Current maturities of long-term loans 7,689 12,837 Trade payables 10,852 10,937 Accrued expenses and other liabilities 12,735 12,619 TOTAL CURRENT LIABILITIES 47,226 50,253 LONG-TERM LIABILITIES: Long-term loans 17,491 11,906 Capital leases 4,303 4,190 Accrued severance pay 3,337 4,284 Other long-term liabilities 753 789 Deferred income taxes 1,358 2,199 TOTAL LONG-TERM LIABILITIES 27,242 23,368 MINORITY INTERESTS 800 1,322 SHAREHOLDERS' EQUITY: Share capital Common shares of NIS 0.01 par value Authorized: 100,000,000 shares at December 31, 2007 and September 30, 2008; Issued and outstanding: 16,423,740 shares at December 31, 2007 and September 30, 2008 37 37 Additional paid-in capital 66,629 67,222 A

SOURCE Shamir Optical Industry Ltd.
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