Actions Semiconductor Reports Third Quarter 2014 Results

Investor Contacts:

Elaine Ketchmere, CFA	Ally Xie, CA, CPA
Compass Investor Relations	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 SHEETS
(in thousands of U.S. dollars)

	At September 30,	At June 30,	At December 31,
	2014	2014	2013
	(unaudited)	(unaudited)	(audited)
ASSETS
Current assets:
Cash and cash equivalents	78,520	60,888	53,263
Time deposit	161	327	327
Restricted deposits	38,985	32,463	27,181
Marketable securities	43,520	79,664	126,607
Trading securities	74	74	74
Accounts receivable, net of allowance for doubtful accounts of $379, $185 and $nil as of September 30,2014, June 30, 2014 and December 31, 2013 respectively	4,520	5,196	5,782
Amount due from a related party	1,032	737	1,301
Amount due from an equity method investee	46	43	38
Inventories, net of inventory written-down of $3,747, $2,845 and $1,558 as of September 30, 2014, June 30, 2014 and December 31, 2013 respectively	22,806	27,216	20,278
Prepaid expenses and other current assets	3,563	3,831	3,972
Income tax recoverable	154	85	67
Dividend receivable	-	425	-
Deferred tax assets	848	809	416
Total current assets	194,229	211,758	239,306

Investments in equity method investees	27,061	26,992	17,843
Other investments	15,639	15,625	15,648
Marketable securities	-	16,067	17,139
Rental deposits	55	61	61
Property, plant and equipment, net	31,183	30,886	31,896
Land use right	1,545	1,530	1,588
Acquired intangible assets, net	17,684	19,115	12,218
Deposit paid for acquisition of intangible assets	430	489	145
Deferred tax assets	85	89	99
TOTAL ASSETS	287,911	322,612	335,943

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	5,170	7,267	6,016
Accrued expenses and other current liabilities	9,680	9,521	6,127
Short-term bank loans	33,500	34,500	35,500
Other liabilities	1,728	1,698	1,362
Income tax payable	49	49	49
Deferred tax liabilities	108	339	343
Total current liabilities	50,235	53,374	49,397

Other liabilities	229	-	412
Deferred tax liabilities	958	988	3,589
Total liabilities	51,422	54,362	53,398
Equity:
Ordinary shares	1	1	1
Additional paid-in capital	63,017	63,012	63,001
Treasury Stock	(70,170)	(45,055)	(44,119)
Accumulated other comprehensive income	38,919	36,327	40,734
Retained earnings	204,754	213,997	222,959
Total Actions Semiconductor Co., Ltd. shareholders' equity	236,521	268,282	282,576
Non-controlling interest	(32)	(32)	(31)
Total equity	236,489	268,250	282,545
TOTAL LIABILITIES AND EQUITY	287,911	322,612	335,943

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