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 SHEETS

(in thousands of U.S. dollars)

At June 30,

At March 31,

At December 31,

2014

2014

2013

(unaudited)

(unaudited)

(audited)

ASSETS

Current assets:

  Cash and cash equivalents

60,888

40,596

53,263

  Time deposit

327

322

327

  Restricted deposits

32,463

37,823

27,181

  Marketable securities

79,664

124,509

126,607

  Trading securities

74

73

74

  Accounts receivable, net of allowance for doubtful accounts of $185, $23
      and nil as of June 30, 2014, March 31, 2014 and December 31, 2013, respectively

5,196

6,784

5,782

  Amount due from a related party

737

725

1,301

  Amount due from an equity method investee

43

42

38

  Inventories, net of inventory written-down of $2,845, $1,965 and
      $1,558 as of June 30, 2014, March 31, 2014 and December 31, 2013, respectively

27,216

25,308

20,278

  Prepaid expenses and other current assets

3,831

3,466

3,972

  Income tax recoverable

85

46

67

  Dividend receivable

425

-

-

  Deferred tax assets

809

578

416

Total current assets

211,758

240,272

239,306

  Investments in equity method investees

26,992

17,779

17,843

  Other investments

15,625

15,627

15,648

  Marketable securities

16,067

16,099

17,139

  Rental deposits

61

70

61

  Property, plant and equipment, net

30,886

31,142

31,896

  Land use right

1,530

1,542

1,588

  Acquired intangible assets, net

19,115

10,862

12,218

  Deposit paid for acquisition of intangible assets

489

380

145

  Deferred tax assets

89

93

99

TOTAL ASSETS

322,612

333,866

335,943

LIABILITIES AND EQUITY

Current liabilities:

  Accounts payable

7,267

9,992

6,016

  Accrued expenses and other current liabilities

9,521

5,024

6,127

  Short-term bank loans

34,500

40,500

35,500

  Other liabilities

1,698

1,331

1,362

  Income tax payable

49

49

49

  Deferred tax liabilities

339

417

343

Total current liabilities

53,374

57,313

49,397

Other liabilities

-

370

412

Deferred tax liabilities

988

3,493

3,589

Total liabilities

54,362

61,176

53,398

Equity:

 Ordinary shares

1

1

1

 Additional paid-in capital

17,957

18,584

18,882

 Accumulated other comprehensive income

36,327

36,672

40,734

 Retained earnings

213,997

217,464

222,959

Total Actions Semiconductor Co., Ltd. shareholders' equity

268,282

272,721

282,576

Non-controlling interest

(32)

(31)

(31)

Total equity

268,250

272,690

282,545

TOTAL LIABILITIES AND EQUITY

322,612

333,866

335,943