XML 11 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents at the end of the period-continuing operations $ 7,745 $ 7,252
Trade receivables (net of allowance for doubtful accounts of $1,044 and $1,347 at June 30, 2016 and December 31, 2015, respectively) 11,627 9,494
Other accounts receivable and prepaid expenses 2,360 1,596
Inventories 4,416 4,697
Current assets of discontinued operation 0 11,616
Total current assets 26,148 34,655
LONG-TERM ASSETS:    
Long term loans to related parties 820 0
Long-term accounts receivable 499 490
Severance pay fund 3,000 2,740
Property and equipment, net 3,614 3,278
Other intangible assets, net 398 443
Goodwill 32,208 31,388
Deferred tax asset 2,202 3,086
Long Term assets of discontinued operation 0 27,358
Total long-term assets 42,741 68,783
Total assets 68,889 103,438
CURRENT LIABILITIES:    
Short-term bank credit and current maturities of long-term loans 4,572 4,820
Trade payables 5,871 4,651
Deferred revenues and customer advances 735 671
Other accounts payable and accrued expenses 6,160 5,168
Current liabilities of discontinued operation 0 15,142
Total current liabilities 17,338 30,452
LONG-TERM LIABILITIES:    
Long-term loans from banks 6,340 8,385
Deferred revenues and other long-term liabilities 331 258
Accrued severance pay 3,429 3,345
Long term liabilities of discontinued operation 0 5,963
Total long term liabilities 10,100 17,951
Pointer Telocation Ltd's shareholders' equity:    
Ordinary shares of NIS 3 par value -Authorized: 16,000,000 unaudited shares at June 30, 2016 and December 31, 2015; Issued and outstanding: 7,799,244 and 7,784,644 shares at June 30, 2016 and December 31, 2015, respectively 5,775 5,770
Additional paid-in capital 128,183 128,410
Accumulated other comprehensive income (5,351) (6,254)
Accumulated deficit (87,316) (71,822)
Total Pointer Telocation Ltd.'s shareholders' equity 41,291 56,104
Non-controlling interest 160 (1,069)
Total equity 41,451 55,035
Total liabilities and equity $ 68,889 $ 103,438