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