INVESTMENTS IN AFFILIATED COMPANIES, PARTNERSHIPS AND OTHER COMPANIES

A. INVESTMENT IN AFFILIATED COMPANIES:



	December 31,
	2015		2014
Companies accounted for under the equity method	$	126,059	$	119,890
Companies accounted for on a cost basis	6,659		5,543
	$	132,718	$	125,433

B. INVESTMENT IN COMPANIES ACCOUNTED FOR UNDER THE EQUITY METHOD:



	December 31,
	2015		2014
Subsidiary F (1)	$	61,577	$	75,765
Subsidiary G / Subsidiary H (2)	1,084		4,072
Subsidiary I (3)	18,847		16,434
Subsidiary J (4)	14,398		13,297
Subsidiary K (5)	20,000		—
Other	10,153		10,322
	$	126,059	$	119,890

(1)

Subsidiary F is an Israeli partnership, held 50% by the Company and 50% by Rafael Advanced Defense Systems Ltd. (“Rafael”). Subsidiary F is engaged in the development and production of various thermal detectors and laser diodes. Subsidiary F is jointly controlled and therefore is not consolidated in the Company’s financial statements. During 2015, the Company received a dividend in the amount of $20,000 from Subsidiary F.

Note 6 - INVESTMENTS IN AFFILIATED COMPANIES, PARTNERSHIPS AND OTHER COMPANIES (Cont.)


B.	INVESTMENT IN COMPANIES ACCOUNTED FOR UNDER THE EQUITY METHOD (Cont.):


(2)	Subsidiary G and Subsidiary H are U.S. limited liability companies, each held 50% by ESA and 50% by a subsidiary of Rockwell Collins Inc. Subsidiary G and Subsidiary H operate in the area of helmet mounted display systems for fixed-wing military aircraft. Subsidiary G and Subsidiary H are jointly controlled and therefore are not consolidated in the Company’s financial statements.


(3)	Subsidiary I is an Israeli company owned 50.000001% by the Company and 49.99999% by Rafael. Subsidiary I focuses mainly on commercial applications of thermal imaging and electro-optic technologies. The Company jointly controls Subsidiary I with Rafael, and therefore Subsidiary I is not consolidated in the Company’s financial statements.


(4)	Subsidiary J is a Romanian company held 40% by the Company. Subsidiary J is engaged in the construction of fiber optic-telecommunication networks in Romania.


(5)	Subsidiary K is a European company held 33% by the Company. During 2015, the Company, through a wholly-owned Israeli subsidiary, invested in Subsidiary K $20,000, which is engaged in the area of composite aero structure parts manufacturing for commercial aircraft.


(6)	Equity in net earnings of affiliated companies and partnerships is as follows:



	Year ended December 31,
	2015		2014		2013
Subsidiary F	$	3,948	$	2,758	$	5,439
Subsidiary G / Subsidiary H	577		2,140		5,664
Other	17		651		1,929
	$	4,542	$	5,549	$	13,032


(7)	The summarized aggregate financial information of companies accounted for under the equity method is as follows:

Balance Sheet Information:



	December 31,
	2015		2014
Current assets	$	312,585	$	261,182
Non-current assets	91,958		112,739
Total assets	$	404,543	$	373,921

Current liabilities	$	142,662	$	128,842
Non-current liabilities	15,049		36,942
Shareholders' equity	246,832		208,137
Total liabilities and equity	$	404,543	$	373,921

Note 6 - INVESTMENTS IN AFFILIATED COMPANIES, PARTNERSHIPS AND OTHER COMPANIES (Cont.)


B.	INVESTMENT IN COMPANIES ACCOUNTED FOR UNDER THE EQUITY METHOD (Cont.)

Income Statement Information:



	Year ended December 31,
	2015		2014		2013
Revenues	$	250,499	$	260,025	$	351,183
Gross profit	$	67,747	$	72,631	$	88,440
Net income	$	13,920	$	17,452	$	27,151


(8)	See Note 20(E) for guarantees.