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SUPPLEMENTARY BALANCE SHEET INFORMATION
12 Months Ended
Dec. 31, 2012
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract]  
SUPPLEMENTARY BALANCE SHEET INFORMATION
NOTE 13:-
SUPPLEMENTARY BALANCE SHEET INFORMATION

 
a.
Other current assets:

   
December 31,
 
   
2012
   
2011
 
             
Receivables in respect of capital leases (see c below)
  $ 4,130     $ 3,129  
VAT receivables
    2,211       2,428  
Prepaid expenses
    2,784       3,404  
Deferred charges
    8,611       7,989  
Tax receivables
    976       1,582  
Employees
    75       118  
Income receivable
    3,210       1,155  
Advance payments to suppliers
    1,300       1,268  
Short term deferred taxes
    62       55  
Receivables from aborted merger
    2,750       2,750  
Hedging instruments
    1,363       -  
Other
    1,668       1,889  
                 
    $ 29,140     $ 25,767  

 
b.
Long-term trade receivables, receivables in respect of capital leases and other receivables:

   
December 31,
 
   
2012
   
2011
 
             
Long-term receivables in respect of capital leases (see c below)
  $ 19,498     $ 20,127  
Other receivables
    283       92  
                 
    $ 19,781     $ 20,219  

 
c.
Receivables in respect of capital and operating leases:

The Group's contracts with customers contain long-term commitments, for remaining periods ranging from one to ten years, to provide network services, equipment, installation and maintenance.
The aggregate minimum future payments to be received by the Group under these contracts as of December 31, 2012, are as follows (including unearned interest income of $ 7,297):
   
Capital
 
Year ending December 31,
 
lease
 
       
2013
  $ 4,130  
2014
    4,063  
2015
    3,641  
2016
    3,285  
2017
    3,207  
2018 and after
    12,598  
         
    $ $30,924  

The net investments in capital lease receivables as of December 31, 2012, are $ 23,627. Total revenue from capital and operating leases amounted to $ 4,183, $ 15,064 and $ 8,868 in the years ended December 31, 2012, 2011 and 2010, respectively.

 
d.
Short-term bank credit:

The following is classified by currency and interest rates:
   
Weighted average
interest rate
       
   
December 31,
   
December 31,
 
   
2012
   
2011
   
2012
   
2011
 
   
%
       
                         
In dollars
    4.0       4.0     $ 3,517     $ 2,971  

 
e.
Other current liabilities:

   
December 31,
 
   
2012
   
2011
 
             
Deferred revenue
  $ 14,528     $ 12,129  
Payroll and related employee accruals
    7,049       7,613  
Government authorities
    3,641       2,472  
Advances from customers
    3,833       4,279  
Provision for vacation pay
    6,269       5,922  
Capital lease
    -       800  
Hedging Instruments
    -       799  
Other
    5,016       2,750  
                 
    $ 40,336     $ 36,764  

 
f.
Long-term loans:

     
Interest rate for
     
December 31,
 
     
2012
 
2011
     
2012
   
2011
 
 
Linkage
 
%
 
%
 
Maturity
     
                           
Loans from banks:
                         
(a)
U.S.dollar
 
4.77%
 
4.77%
 
2012-2022
  $ 36,000     $ 40,000  
(b)
U.S.dollar
 
PRIME + 0.25%
    -  
2012-2015
    8,334       -  
(c)
Euro
 
EURIBOR +2.75%
 
EURIBOR +2.75%
 
2001-2020
    3,805       4,350  
(d)
Euro
 
7.9%
 
7.9%
 
2012-2017
    571       652  
Other loans:
NIS
     
6%
 
2011-2012
    -       69  
                                 
                      48,710       45,071  
Less - current maturities
                    7,963       4,718  
                                 
                    $ 40,747     $ 40,353  

 
(a)
The Company entered into a loan agreement with an Israeli bank. The loan is secured by a floating charge on the assets of the Company, and is further secured by a fixed pledge (mortgage) on the Company's real estate in Israel. In addition, there are financial covenants associated with the loan. As of December 31, 2012 the Company is in compliance with these covenants.

As part of the loan agreement, the Company also received a credit line of $ 5,200 from the bank. As of December 31, 2012, the Company used all of this credit line.

 
(b)
Spacenet entered into a loan agreement with an U.S. bank, the loan is secured by a floating pledge over Spacenet's assets. In addition, there are financial covenants associated with the loan. As of December 31, 2012, Spacenet is in compliance with these covenants.

 
(c)
A Dutch subsidiary of the Company entered into a mortgage and loan agreement with a German bank. The amount of the mortgage is collateralized by the subsidiary's facilities in Germany.

 
(d)
Raysat BG entered into a mortgage business loan with a Bulgarian bank. The amount of the mortgage is collateralized by Raysat BG building in Bulgaria.

 
g.
Long-term debt maturities for loans after December 31, 2012, are as follows:

Year ending December 31,
     
       
2013
  $ 7,963  
2014
    7,970  
2015
    6,312  
2016
    4,655  
2017
    4,642  
2018 and thereafter
    17,168  
         
    $ 48,710  

Interest expenses on the long-term loans amounted to $ 2,153, $ 2,318 and $ 626 for the years ended December 31, 2012, 2011 and 2010, respectively.

 
h.
As for the convertible subordinated notes, see Note 10.

 
i.
Other long-term liabilities:

   
December 31,
 
   
2012
   
2011
 
             
Deferred revenue
  $ 669     $ 84  
Space segment
    501       750  
Restructuring charge (mainly termination of lease commitments)
    635       811  
Long-term tax accrual
    4,640       6,265  
Long term deferred taxes
    2,713       6,349  
Deferred income
    4,742       7,368  
Contingent consideration
    151       469  
Other
    4,518       3,245  
                 
    $ 18,569     $ 25,341