v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 35,134 $ 37,744
Available-for-sale marketable securities (Note 4) 854 890
Trade receivables (net of allowance for doubtful accounts of $ 2,103 and $ 3,313 at December 31, 2012 and 2013, respectively) 31,976 28,367
Other accounts receivable and prepaid expenses (Note 6) 5,209 6,696
Total current assets 73,173 73,697
LONG-TERM RECEIVABLES:    
Severance pay fund 403 351
Long term deferred tax asset 1,674 1,565
Other long-term receivables 2,118 722
Total long-term receivables 4,195 2,638
PROPERTY AND EQUIPMENT, NET (Note 7) 1,773 1,898
INTANGIBLE ASSETS, NET (Note 8) 32,549 30,058
GOODWILL (Note 9) 55,313 44,663
Total assets 167,003 152,954
LIABILITIES AND EQUITY    
Short term debt (Note 11) 1,055 12
Trade payables 4,149 4,722
Accrued expenses and other accounts payable (Note 10) 16,937 17,176
Deferred tax liability 2,567 3,422
Deferred revenues 3,294 4,160
Total current liabilities 28,002 29,492
ACCRUED SEVERANCE PAY 1,275 1,245
LONG TERM LIABILITIES:    
Long term debt (Note 11) 2,274 12
Liabilities due to acquisition activities (Note 3) 1,396 1,192
Long term deferred tax liability 2,204 738
Total noncurrent liabilities 5,874 1,942
COMMITMENTS AND CONTINGENCIES (Note 15)      
REDEEMABLE NON-CONTROLLING INTEREST 2,721 1,914
EQUITY (Note 13):    
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at December 31, 2012 and 2013; Issued and Outstanding: 36,626,728 and 37,155,355 shares at December 31, 2012 and 2013, respectively 826 811
Additional paid-in capital 127,060 125,288
Accumulated other comprehensive (loss) (172) (586)
Accumulated (deficit) earnings 430 (7,727)
Total Magic Software Enterprises equity 128,144 117,786
Non-controlling interests 987 575
Total equity 129,131 118,361
Total liabilities, redeemable non-controlling interest and equity $ 167,003 $ 152,954