[rd YEAR 2015 / 3 RESULTS OF OPERATIONS OF GLOBAL SOURCES LTD. The following discussion of our financial condition and results of operations should be read in conjunction with the accompanying financial statements. Overview We are a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater] [GLOBAL SOURCES LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In U.S. Dollars Thousands, Except Number of Shares and Per Share Data) As at September 30, As at December 31, 2015 2014 (Unaudited) ASSETS Current assets Cash and cash equivalents $ 53,800 $ 90,223 Term deposits with banks 7,634 4,285 Financial assets, available-for-sale 4,092 3,952 Accounts receivables, net 939 2,269 Receivables from] []