SGS-THOMSON Microelectronics Reports 19% Increase In Second Quarter Revenues

SGS-THOMSON Microelectronics NV
Consolidated Balanced Sheets

(In millions of US dollars)

	June 29, 1996	December 31, 1995
ASSETS
Current assets:
Cash and cash equivalents	461.5	754.0
Marketable debt securities	5.0	4.4
Trade accounts and notes receivable	682.7	595.4
Inventories, net	548.8	450.6
Other receivables and current assets	378.6	360.3
Total current assets	2076.6	2164.7
Fixed assets:
Goodwill, net	0.0	0.3
Other intangible assets, net	19.1	13.1
Property, plant and equipment	4901.2	4180.5
Less - Accumulated depreciation	(2100.2)	(1881.0)
Investments and other non-current assets	7.0	8.4
Total fixed assets, net	2827.1	2321.3
Total assets	4903.7	4486.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank overdrafts and current portion of long-term debt	319.6	492.8
Trade accounts and notes payable	690.2	507.9
Other payables and accrued liabilities	373.8	342.7
Accrued and deferred income tax	175.7	138.3
Total current liabilities	1559.3	1481.7
Long-term debt	198.1	200.7
Reserves for pension and termination indemnities	100.5	94.9
Other non-current liabilities	31.5	37.5
Total non-current liabilities	330.1	333.1
Minority interest	9.8	9.5
Capital Stock (Jun 29, 1996: 138,751,640 shares; Dec 31, 1995: 138,208,680 shares)	1071.0	1066.5
Capital surplus	928.8	922.1
Accumulated earnings	935.2	584.0
Translation Adjustment	69.5	89.1
Shareholders' equity	3004.5	2661.7
Total liabilities and shareholders' equity	4903.7	4486.0