In LAW010, ``New Dimension Software Announces Record Revenues and Record Net Income Before Taxes For The Second Quarter 1997,'' moved earlier today, the financial tables were omitted in the original transmission. The tables are as follows:
NEW DIMENSION SOFTWARE LTD. & SUBSIDIARIES
Balance Sheet
Dollars in thousands June 30, December 31,
1997 1996
ASSETS
Current Assets:
Cash & cash equivalents 9,759 8,509
Marketable securities and short term deposits 7,852 7,039
Receivables:
Trade & distributors 18,252 13,976
Other 1,726 1,231
Deferred income taxes 1,735 2,793
Total current assets 39,324 33,548
Long-term receivables, net of current portion 10,408 5,756
Non-current marketable securities and deposits 679 1,216
Property & equipment, net 6,295 5,873
Other assets:
Capitalization of product development costs, net10,544 10,446
Deferred charges, net 190 216
10,734 10,662
Total Assets 67,440 57,055
LIABILITIES AND SHAREHOLDERS' EQUITY*
Current Liabilities:
Trade payables 2,721 2,669
Deferred income 13,013 12,015
Accured payroll and related benefits 4,805 4,535
Other accrued liabilities 1,164 1,268
Total current liabilities 21,703 20,487
Long-term deferred income 8,231 4,088
Provision for severance pay 609 496
Deferred income taxes 1,538 2,018
SHAREHOLDERS' EQUITY
Share capital 49 48
Additional paid-in capital 38,027 37,087
Retained earnings (2,717) (7,169)
Total shareholders' equity 35,359 29,966
Total Liabilities & Shareholders' Equity 67,440 57,055
* Certain prior year amounts have been reclassified to conform with current year presentation. Such classifications did not have an impact on the Company's Shareholder's equity or changes therein.
NEW DIMENSION SOFTWARE LTD. & SUBSIDIARIES
Income statements
Dollars in thousands, except per share amounts
Six months ended Three Months Ended
June 30, June 30, June 30, June 30,
1997 1996 1997 1996
Revenues
Sale of software products 18,849 10,609 10,804 4,866
Maintenance fees 10,128 7,963 5,327 3,994
Total revenues 28,977 18,572 16,131 8,860
Costs of revenues
Cost of sales 2,365 1,826 1,227 872
Cost of maintenance 4,330 3,090 2,222 1,501
Product development, net 2,422 1,799 1,495 780
Sales & marketing, net 11,852 8,477 6,510 4,263
General and administrative 3,122 2,830 1,691 1,311
Special charges 0 (124) 0 (59)
Total costs and expenses 24,091 17,898 13,145 8,668
Operating income (loss) 4,886 674 2,986 192
Financial income, net 283 421 223 39
Income before taxes on income 5,169 1,095 3,209 231
Taxes on income 716 150 565 100
Net income 4,453 945 2,644 131
Earnings per share ($) 0.37 0.08 0.22 0.01
Weighted average number of shares
used to compute earnings per
share 11,880,630 11,418,552 12,011,844 11,522,454 |
