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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 20-F/A
AMENDMENT NO. 1
|_| REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF
THE SECURITIES EXCHANGE ACT OF 1934
OR
|X| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998
OR
|_| TRANSACTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM TO
COMMISSION FILE NUMBER 1-12666
ROBOMATIX TECHNOLOGIES LTD.
(Exact name of Registrant as specified in its charter)
ISRAEL
(Jurisdiction of incorporation or organization)
9 HATAASIYA STREET, INDUSTRIAL ZONE RA'ANANA 43100, ISRAEL
(Address of principal executive offices)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON WHICH REGISTERED
None
Securities registered or to be registered pursuant to Section 12(g) of the Act:
ORDINARY SHARES, NIS 1.46 PAR VALUE PER SHARE
(Title of Class)
Securities for which there is a reporting obligation pursuant to
Section 15(d) of the Act:
NONE
(Title of Class)
Indicate the number of outstanding shares of each of the issuer's classes of
capital or common stock as of the close of the period covered by the annual
report:
4,772,476 ORDINARY SHARES, NIS 1.46 PAR VALUE PER SHARE
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
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|X| Yes |_| No
Indicate by check mark which financial statement item the registrant has elected
to follow.
|_| Item 17 |X| Item 18
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The undersigned Registrant hereby amends "Item 18. Financial
Statements" of its Annual Report on Form 20-F for the fiscal year ended December
31, 1999 (File No. 1-12666) filed on July 15, 1999, for purposes of attaching
(i) KPMG Peat Marwick LLP's Independent Auditors' Report relating to the
financial statements of Display Inspection Systems, Inc., a former United
States subsidiary of the Registrant, dated May 30, 1997 and (ii) the related
amended and restated Table of Contents.
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ROBOMATIX TECHNOLOGIES LTD.
(An Israeli Corporation)
1998 ANNUAL REPORT
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TABLE OF CONTENTS
PAGE
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REPORTS OF INDEPENDENT AUDITORS 2-2B
CONSOLIDATED FINANCIAL STATEMENTS:
Balance sheets 3-4
Statements of income (loss) 5
Statements of changes in capital deficiency 6
Statements of cash flows 7-8
Notes to financial statements 9-28
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INDEPENDENT AUDITORS' REPORT
The Board of Directors
Display Inspection Systems, Inc.:
We have audited the accompanying balance sheet of Display Inspection
Systems, (a development stage enterprise) as of December 31, 1996, and the
related statements of operations, stockholders' deficit, and cash flows for
the year ended December 31, 1996 and for the period from September 13, 1993,
(date of inception) through December 31, 1996. Those financial statements are
the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audits.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a cost basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Display Inspection Systems,
Inc. (a development stage enterprise) as of December 31, 1996, and the
results of its operations and its cash flows for the year ended December 31,
1996, and for the period September 13, 1993, (date of inception) to December
31, 1996, in conformity with generally accepted accounting principles.
The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in note 5 to the
financial statements, the Company is economically dependent on its indirect
parent company, Robomatix Technologies, Ltd. Both Robomatix Technologies, Ltd.
and the Company have suffered recurring losses and have net capital
deficiencies. Such conditions raise substantial doubt about the Company's
ability to continue as a going concern. The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.
/s/ KPMG Peat Marwick LLP
May 30, 1997
2B
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SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, the registrant certifies that it meets all of the requirements for
filing on Form 20-F and has duly caused this Amendment to the annual report to
be signed on its behalf by the undersigned, thereunto duly authorized.
ROBOMATIX TECHNOLOGIES Ltd.
By: /s/ MEIR ARNON
-------------------------
Name: Meir Arnon
Title: Chairman of the Board
Date: September 15, 1999
