FORM 20-F - Check Point

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Protect Data AB wholly owns the subsidiaries listed below, directly or through other subsidiaries: NAME OF SUBSIDIARY COUNTRY OF INCORPORATION Protect Data Internet Solutions AB Sweden Pointsec Sweden AB Sweden Pointsec Mobile Technologies AB Sweden Pointsec Norway AS Norway Pointsec Denmark A/S Denmark Oy Pointsec Finland AB Finland Pointsec Wireless Solutions AB Sweden Pointsec Mobile Technologies, Inc. United States of America (California) Pointsec Mobile Technologies Ltd. United Kingdom Pointsec Mobile Technologies GmbH Germany Pointsec Mobile Technologies SAS France Pointsec Mobile Technologies Pty Ltd. Australia Pointsec Mobile Technologies Limited Hong Kong Pointsec Mobile Technologies B.V. Holland Pointsec Mobile Technologies Pte Ltd. Singapore Pointsec K.K. Japan Reflex Software Ltd. (Jersey) United Kingdom Reflex Magnetics Ltd. United Kingdom Reflex Software Luxembourg SARL Luxembourg 38
Property, Plants and Equipment In May 2007, we relocated to our new international headquarters in Tel Aviv, Israel that we purchased. The new international headquarters building contains approximately 170,000 square feet of office space and approximately 280,000 square feet of below-ground space for parking and other purposes. We also acquired rights for an additional building with approximately 130,000 square feet. We paid approximately $45.9 million in the aggregate for the new international headquarters building and the rights to the additional building, and this amount included the costs for renovating and modifying the buildings to our specifications. We lease offices in various locations around the world. Our principal offices are as follows: In addition to the above, we lease the following office spaces: Principal Capital Expenditures and Divestitures For more information regarding our principal capital expenditures currently in progress, see “Item 5 – Operating and Financial Review and Prospects” under the caption “Liquidity and capital resources.” ITEM 4A. UNRESOLVED STAFF COMMENTS Not applicable. Location Primary Usage Redwood City, California U.S. Headquarters 48,384 San Francisco, California Research and development 29,884 Irving, Texas Technical support, education, professional services 26,725 Rockville, Maryland Research and development 12,793 Stockholm, Sweden Research and development 15,123 Location Primary Usage ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS The following discussion and analysis is based on our consolidated financial statements, including the related notes, and should be read in conjunction with them. Our financial statements are provided in “Item 18 – Financial Statements”. 39 Space (square feet) Space (square feet) Europe Sales, research and development 64,550 Americas Sales 27,836 Asia Pacific and Japan Sales 12,890
Page 1 and 2: SECURITIES AND EXCHANGE COMMISSION
Page 3 and 4: Currency of Presentation and Certai
Page 5 and 6: Year Ended December 31, 2003 2004 2
Page 7 and 8: in customer requirements, or to dev
Page 9 and 10: � Harm to our existing business r
Page 11 and 12: Report on Form 20-F for each fiscal
Page 13 and 14: others. Our suppliers and licensors
Page 15 and 16: We are exposed to various legal, bu
Page 17 and 18: o In a criminal action in which the
Page 19 and 20: of our operations in Israel, and th
Page 21 and 22: the enterprise, and with business p
Page 23 and 24: � Intrusion Prevention Technologi
Page 25 and 26: 3. Security management: A key eleme
Page 27 and 28: These charts summarize our primary
Page 29 and 30: Data and Endpoint Security Check Po
Page 31 and 32: Application Intelligence Our Applic
Page 33 and 34: user interface for the Pre-Boot Aut
Page 35 and 36: implementing, upgrading, and optimi
Page 37: Check Point Software Technologies (
Page 41 and 42: The following table presents the pe
Page 43 and 44: acquired brand will continue to be
Page 45 and 46: We estimate the fair value of emplo
Page 47 and 48: Results of operations The following
Page 49 and 50: oad coverage of our installed base
Page 51 and 52: General and Administrative General
Page 53 and 54: Year Ended December 31, 2006 Year E
Page 55 and 56: As a percentage of revenues: Year E
Page 57 and 58: December 31, 2006, and $1,241.5 mil
Page 59 and 60: Tabular Disclosure of Contractual O
Page 61 and 62: Systems (HDS). He began his career
Page 63 and 64: severance payments mandated by Isra
Page 65 and 66: deficiencies in the administration
Page 67 and 68: Equity Incentive Plans The followin
Page 69 and 70: Shares; (vi) Performance Units; and
Page 71 and 72: ITEM 7. MAJOR SHAREHOLDERS AND RELA
Page 73 and 74: ITEM 8. FINANCIAL INFORMATION Conso
Page 75 and 76: ITEM 9. THE OFFER AND LISTING Our o
Page 77 and 78: directors is also required to conve
Page 79 and 80: the other merging company (or certa
Page 81 and 82: general manager, or in which he or
Page 83 and 84: mere negligence), or committed with
Page 85 and 86: (2) a year selected by the company
Page 87 and 88: Taxation of Non-Israeli Shareholder
Page 89 and 90:
Dividends Paid on the Ordinary Shar
Page 91 and 92:
Information Reporting and Back up W
Page 93 and 94:
Foreign Currency Risk Most of our s
Page 95 and 96:
ITEM 16. Reserved. ITEM 16A. AUDIT
Page 97 and 98:
ITEM 16E. PURCHASES OF EQUITY SECUR
Page 99 and 100:
ITEM 19. EXHIBITS 1 Articles of Ass
Page 101 and 102:
CHECK POINT SOFTWARE TECHNOLOGIES L
Page 103 and 104:
REPORT OF INDEPENDENT REGISTERED PU
Page 105 and 106:
In our opinion, Check Point maintai
Page 107 and 108:
CONSOLIDATED BALANCE SHEETS U.S. Do
Page 109 and 110:
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SIGNATURES The registrant hereby ce
Page 151 and 152:
Exhibit 12.1 I, Gil Shwed, certify
Page 153:
Exhibit 13 CERTIFICATION PURSUANT T
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FORM 20-F - Check Point

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