Advertisement
Additional information can be found at the Corporation's website www.ftgcorp.com.
FIRAN TECHNOLOGY GROUP CORPORATION
Interim Consolidated Balance Sheets
--------------------------------------------------------------------------------------------------------------------------------------------------------(unaudited) March 1, November 30,(in thousands of dollars) 2013 2012--------------------------------------------------------------------------------------------------------------------------------------------------------ASSETSCurrent assetsCash $ 700 $ 1,446Accounts receivable 9,416 10,276Taxes receivable 320 250Inventories 8,242 7,927Prepaid expenses 406 432---------------------------------------------------------------------------- 19,084 20,331Non-current assetsPlant and equipment, net 5,954 5,608Goodwill 1,039 1,039Deferred income taxes 1,375 1,375Intangible and other assets 258 244----------------------------------------------------------------------------Total assets $ 27,710 $ 28,597--------------------------------------------------------------------------------------------------------------------------------------------------------LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilitiesBank indebtedness $ 221 $ 994Accounts payable and accrued liabilities 7,842 7,184Provisions 347 309Customer deposits, net of deferred development 125 843Current portion of long-term bank debt 146 44---------------------------------------------------------------------------- 8,681 9,374Non-current liabilitiesLong-term bank debt 983 361Subordinated loan 3,686 3,613Government assistance 1,122 1,234----------------------------------------------------------------------------Total liabilities 14,472 14,582----------------------------------------------------------------------------Shareholders' equityDeficit $ (9,795) $ (9,104)Accumulated other comprehensive loss (180) (85)---------------------------------------------------------------------------- (9,975) (9,189)Share capital Common shares 12,681 12,681 Preferred shares 2,218 2,218Contributed surplus 8,314 8,305----------------------------------------------------------------------------Total shareholders' equity 13,238 14,015----------------------------------------------------------------------------Total liabilities and shareholders' equity $ 27,710 $ 28,597--------------------------------------------------------------------------------------------------------------------------------------------------------



