Actions Semiconductor Reports Fourth Quarter and Full Year 2013

Actions Semiconductor Reports Fourth Quarter and Full Year 2013 Results

Investor Contacts:

Elaine Ketchmere, CFA	Ally Xie, CA, CPA
Compass Investor Relations	Actions Semiconductor
eketchmere@compass-ir.com	investor.relations@actions-semi.com
+1-310-528-3031	+86-756-3392353*1018

ACTIONS SEMICONDUCTOR CO., LTD.
CONSOLIDATED CONDENSED BALANCE SHEET
(in thousands of U.S. dollars)

	At December 31,	At September 30,	At December 31,
	2013	2013	2012
	(unaudited)	(unaudited)	(audited)
ASSETS
Current assets:
Cash and cash equivalents	53,263	67,884	71,336
Time deposits	27,508	21,453	10,000
Marketable securities	126,607	126,282	130,721
Trading securities	74	75	76
Accounts receivable	5,782	7,294	5,950
Notes receivable	-	37	-
Amount due from a related party	1,301	-	340
Amount due from an equity method investee	38	75	79
Inventories, net of inventory written-down of $1,558, $1,276 and $701 as of December 31, 2013, September 30, 2013 and December 31, 2012, respectively	20,278	25,414	11,979
Prepaid expenses and other current assets	3,972	3,018	4,288
Income tax recoverable	67	79	189
Deferred tax assets	416	466	504
Total current assets	239,306	252,077	235,462

Investments in equity method investees	17,843	17,903	14,329
Other investments	15,648	16,321	16,305
Marketable securities	17,139	-	11,239
Rental deposits	61	66	49
Property, plant and equipment, net	31,896	31,817	32,321
Land use right	1,588	1,584	1,584
Acquired intangible assets, net	12,218	11,101	10,819
Deposit paid for acquisition of intangible assets	145	759	-
Deferred tax assets	99	69	80
TOTAL ASSETS	335,943	331,697	322,188

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	6,016	6,317	8,073
Accrued expenses and other current liabilities	6,127	5,688	8,411
Short-term bank loans	35,500	30,500	20,500
Other liabilities	1,362	2,176	2,056
Income tax payable	49	49	49
Deferred tax liabilities	343	260	534
Total current liabilities	49,397	44,990	39,623

Other liabilities	412	13	13
Payable for acquisition of intangible assets	-	128	603
Deferred tax liabilities	3,589	3,597	3,189
Total liabilities	53,398	48,728	43,428
Equity:
Ordinary shares	1	1	1
Additional paid-in capital	18,882	20,154	20,202
Accumulated other comprehensive income	40,734	39,061	35,751
Retained earnings	222,959	223,784	222,835
Total Actions Semiconductor Co., Ltd. shareholders' equity	282,576	283,000	278,789
Non-controlling interest	(31)	(31)	(29)
Total equity	282,545	282,969	278,760
TOTAL LIABILITIES AND EQUITY	335,943	331,697	322,188

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