XML 81 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
USD ($)
Dec. 31, 2011
USD ($)
Dec. 31, 2011
ILS
Dec. 31, 2010
USD ($)
Cash flows from operating activities:        
Net income (loss) $ 2,632 $ (8,486)   $ 1,958
Adjustments required to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation, amortization and impairment 5,546 12,710   5,568
Accrued interest and exchange rate changes of debenture and long-term loans 118 135   178
Accrued severance pay, net 91 487   (364)
Gain from sale of property and equipment, net (271) (95)   (93)
Equity in losses (gains) of affiliate (38) 1,634   1,158
Amortization of stock-based compensation 265 515   121
Impairment loss of loan to minority shareholder in subsidiary (Note 1j)    489 1,750   
Decrease (increase) in restricted cash 15 10   (133)
Increase in trade receivables, net (1,572) (1,462)   (1,618)
Decrease (increase) in other accounts receivable and prepaid expenses 46 373   (436)
Decrease (increase) in inventories 395 (1,035)   (1,964)
Write-off of inventories 337 304   185
Deferred income taxes 847 170   1,322
Decrease (increase) in long-term accounts receivable 234 (177)   (212)
Increase in trade payables 965 452   981
Increase (decrease) in other accounts payable and accrued expenses (274) 2,457   (127)
Net cash provided by operating activities 8,341 8,481   6,524
Cash flows from investing activities:        
Purchase of property and equipment (4,033) (4,445)   (4,481)
Proceeds from sale of property and equipment 1,733 1,050   641
Investment and loans/Repayments in affiliate (669) (1,740)   (1,490)
Acquisition of subsidiary (a) (251)        
Purchase of business activity (b) (3,125)        
Proceeds from sale of investments in previously consolidated subsidiaries (c)    39     
Net cash used in investing activities (6,345) (5,096)   (5,330)
Cash flows from financing activities:        
Receipt of long-term loans from banks 11,670 8,384   5,090
Repayment of long-term loans from banks (12,253) (8,937)   (7,016)
Repayment of long-term loans from others    (1,071)   (1,122)
Dividend paid to non-controlling interest (1,215) (1,594)   (2,250)
Proceeds from issuance of shares and exercise of warrants, net of issuance costs of $70 1,945 281   57
Short-term bank credit, net (345) (1,002)   2,656
Net cash used in financing activities (198) (3,939)   (2,585)
Effect of exchange rate on cash and cash equivalents 419 (211)   415
Increase (decrease) in cash and cash equivalents 2,217 (765)   (976)
Cash and cash equivalents at the beginning of the year 1,468 2,233   3,209
Cash and cash equivalents at the end of the year 3,685 1,468   2,233
Fair value of assets acquired and liabilities assumed at date of acquisition:        
Property and equipment 22        
Technology 58        
Goodwill 304        
Non controlling Interest (133)        
Cost of subsidiary 251        
(b) Purchase of business activity:        
Working capital 27        
Property and equipment 112        
Customer list 1,364        
Goodwill 1,669        
Accrued severance pay, net (23)        
Employee accruals (24)        
Purchase of activity 3,125        
The subsidiaries' assets and liabilities at date of sale:        
Working capital (excluding cash and cash equivalents) 11 32     
Non-controlling interests 237 426     
Loss from sale of subsidiaries (248) (110) (393)   
Receivables for sale of investments in subsidiaries    (309)     
Proceeds from sale of subsidiaries    39     
(c) Non-cash investing activity:        
Purchase of property and equipment 90 309   45
Purchase of property and equipment at finance lease 17 28   43
Cash paid during the year for:        
Interest 1,528 1,456   1,462
Income taxes $ 52 $ 38   $ 21