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SUPPLEMENTARY BALANCE SHEET INFORMATION | 12 Months Ended
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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

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