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SUPPLEMENTARY BALANCE SHEET INFORMATION
12 Months Ended
Dec. 31, 2013
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract]  
SUPPLEMENTARY BALANCE SHEET INFORMATION
NOTE 12:-
SUPPLEMENTARY BALANCE SHEET INFORMATION

 
a.
Other current assets:

   
December 31,
 
   
2013
   
2012
 
             
VAT receivables
  $ 2,214     $ 2,211  
Prepaid expenses
    2,512       2,164  
Deferred charges
    1,273       7,559  
Tax receivables
    596       976  
Employees
    58       66  
Income receivable
    332       3,210  
Advance payments to suppliers
    1,197       1,277  
Short term deferred taxes
   
66
      62  
Receivables from aborted merger
    -       2,750  
Hedging instruments
    -       1,363  
Other
   
1,895
      1,420  
                 
    $ 10,143     $ 23,058  

 
b.
Short-term bank credit:

The following is classified by currency and interest rates:
 
   
Weighted average
interest rate
       
   
December 31,
   
December 31,
 
   
2013
   
2012
   
2013
   
2012
 
   
%
       
                         
In dollars
    -       4.0     $ -     $ 3,517  

 
c.
Other current liabilities:

   
December 31,
 
   
2013
   
2012
 
             
Advances from customers
  $ 28,878     $ 3,632  
Payroll and related employee accruals
    6,323       6,526  
Deferred revenue
    6,255       12,884  
Provision for vacation pay
    6,008       5,622  
Government authorities
    2,233       2,735  
Other
    4,969       947  
                 
    $ 54,666     $ 32,346  

 
d.
Long-term loans:
 
     
Interest rate for
         
December 31,
 
     
2013
   
2012
         
2013
   
2012
 
 
Linkage
 
%
   
%
   
Maturity
       
                                 
Loans from banks:
                               
(a)
U.S.dollar
  4.77%     4.77%       2012-2022     $ 32,000     $ 36,000  
(b)
U.S.dollar
  -    
PRIME + 0.25%
      2012-2013       -       8,334  
(c)
Euro
 
EURIBOR +2.75%
   
EURIBOR +2.75%
      2001-2020       3,425       3,805  
(d)
Euro
  7.9%     7.9%       2012-2017       491       571  
                                           
                                35,916       48,710  
Less - current maturities
                              4,665       7,963  
                                           
                              $ 31,251     $ 40,747  

 
(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, 2013 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, 2013, all of this credit line was utilized.

 
(b)
The Company entered into a loan agreement with an U.S. bank, the loan was secured by a floating pledge over Spacenet's assets. This loan was fully paid and the pledge was released during 2013.

 
(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.

 
e.
Long-term debt maturities for loans after December 31, 2013, are as follows:

Year ending December 31,
     
       
2014
  $ 4,665  
2015
    4,675  
2016
    4,685  
2017
    4,671  
2018
    4,551  
2019 and thereafter
    12,669  
         
    $ 35,916  

Interest expenses on the long-term loans amounted to $ 1,854, $ 2,153 and $ 2,318 for the years ended December 31, 2013, 2012 and 2011, respectively.

 
f.
Other long-term liabilities:

   
December 31,
 
   
2013
   
2012
 
             
Long-term tax accrual
  $ 4,274     $ 4,640  
Long term deferred taxes
    -       2,713  
Deferred revenue
  $ 76     $ 476  
Other
    527       4,506  
                 
    $ 4,877     $ 12,335