SGS-THOMSON Microelectronics Reports 7.1% Increase In Third Quarter Revenues

SGS-THOMSON Microelectronics NV
Consolidated Balance Sheets

(In millions of US dollars)

	September 28, 1996 (unaudited)	December 31, 1995 (audited)
ASSETS
Current assets:
Cash and cash equivalents	$ 463.4	$ 754.0
Marketable debt securities	6.2	4.4
Trade accounts and notes receivable	692.4	595.4
Inventories, net	573.6	450.6
Other receivables and current assets	399.8	360.3
Total current assets	2,135.4	2,164.7
Fixed assets:
Goodwill, net	0.0	0.3
Other intangible assets, net	16.5	13.1
Property, plant and equipment	5,132.6	4,180.5
Less - Accumulated depreciation	(2,231.9)	(1,881.0)
Investments and other non-current assets	6.5	8.4
Total fixed assets, net	2,923.7	2,321.3
Total assets	$ 5,059.1	$ 4,486.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank overdrafts and current portion of long-term debt	$ 423.5	$ 492.8
Trade accounts and notes payable	586.6	507.9
Other payables and accrued liabilities	383.8	342.7
Accrued and deferred income tax	200.3	138.3
Total current liabilities	1,594.2	1,481.7
Long-term debt	172.1	200.7
Reserves for pension and termination indemnities	103.6	94.9
Other non-current liabilities	34.1	37.5
Total non-current liabilities	309.8	333.1
Minority interest	10.7	9.5
Capital Stock (Sep 28, 1996: 138,849,640 shares; Dec 31, 1995: 138,208,680 shares)	1,071.8	1,066.5
Capital surplus	929.2	922.1
Accumulated earnings	1,067.8	584.0
Translation Adjustment	75.6	89.1
Shareholders' equity	3,144.4	2,661.7
Total liabilities and shareholders' equity	$ 5,059.1	$ 4,486.0