KAFRIT INDUSTRIES (1993) LTD. September 30 December Un-Audited Audited Reported in thousands NIS NON -CURRENT ASSETS:

Transcription

1 Consolidated Statements of Financial Position CURRENT ASSETS: December Audited Cash and cash equivalents ,8 )* 823,, Trade receivables 03,225, 03, Other accounts receivable Inventories 00,2, , Purchased call option over noncontrolling interests 828,0 128,, NON CURRENT ASSETS: ,2,02 3,125,0 Receivables 0229, Investment in investee )* Longterm prepaid expenses 11, Fixed assets 92213, ,2 Goodwill 02258, 05288, 0,21,3 Intangible assets,2,2, ,5 Deferred taxes 02, , , , , 2922,3, 2,32,18 2,,2195 )* Restated

2 Consolidated Statements of Financial Position December Audited CURRENT LIABILITIES: Credit from banks 03321, , Trade payables,12, ,92232 Other accounts payable 3,28,3 3021,2 312,30 NON CURRENT LIABILITIES: , ,2889 Loans from banks and others 38250, ,15 Other noncurrent liabilities ,,1 Employee benefit liabilities ,9 02,53 Deferred taxes , EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT: ,2819,52130 capital , 31290, premium ,5 2821,5 Treasury shares ),08( ),08( ),08( reserves ) 22311( )** )**,10 reserve from with noncontrolling interests 522,, 522,, earnings,02,92 )**,12015 )**, ,, 0152,,, 01,2958 Noncontrolling interests 828,2 3,2321,2511 Equity ,, )** Restated 2922,3, 2,32,18 2,,2195 November 20, 2013 Date of approval of the Financial Statements Ram Belinkov Avi Zalcman Moody Pruss Chairman of the Board Chief Executive Officer Chief Financial Officer

3 Consolidated Statements of Profit or Loss and Other Comprehensive Income 9 months ending 3 months ending Year ended December Audited )except per share data( Revenues from sales 53,29,, 5332, ,,1 0112,18,8123,1 Cost of sales,222011,,02, ,11 0,,2231 )** 59,2,31 Gross profit 8021,, 9121,2 2,21, ,31 Selling and marketing expenses ,25, ,52,,1 General and administrative expenses ,1,292, Other income ,1, 02,1, Operating income 212,,, 3,2135 0, , 23250, Finance income 92,20 22,85, ,91 Finance costs 0121,3 032,9, 32503, , Group's share of losses of company accounted for at equity, net 305 2,0 90 )* 291 Income before taxes on income ,2,12 032, , 3021,1 Taxes on income , )** 92,39 Net income 3, ,81 82,,, 12,,, Other comprehensive income (loss) (after tax): Amounts not to be transferred later on to the profit or loss: Actuarial loss from defined benefit plans )** ),2( Amounts transferred to the profit or loss given specific circumstances: Income from availableforsale financial assets currency ) 52589(,212, ) 500( 329,0 )105( amounts transferred to the profit or loss ),2311(,212, ,0 )105( other comprehensive income (loss) ),2311(,212, ,0 )159( comprehensive income 332,2, 0, , , Net income attributable to: Equity holders of the parent 3325,, ,3 525,1 )** 923,, Noncontrolling interests,20,1 22,91 02,3, 02801,2999 3, ,81 82,,, 12,,, comprehensive income attributable to: Equity holders of the parent , ,5,2,20 Noncontrolling interests 22,2,,223, 0225, 323,1 528,2 332,2, 0, , , Basic and diluted net earnings per share attributable to equity holders of the parent (in NIS) ,9 1.5, 1.21 )** 1.55 )* 2)** Restated

4 Consolidated Statements of Changes in Equity Premium Treasury s Attributable to equity holders of the parent Noncontrolling interests reserve for sharebased payment reserve from availableforsale financial assets fundactuarial loss reserve from transaction s with noncontrolling interests earnings earnings Equity Balance as of January 1, 2013 (audited) 618,02 568,23 ) 206( 630 )** ) 36( )** ,36 ) 065( , Net income , 5802, 628,00 O ther comprehensive income (loss) Income from availableforsale financial assets ) 58,2, ( ) 58,2, ( ),50( ),50( )3836,( other comprehensive income (loss) ) 58,2, ( ) 58352( ),50( ),50( )586,,( comprehensive income (loss) ) 58,2, ( ,866, ),50( 5802, Dividend to pay to the shareholders of the parent ) 08665( ) 08665( )08665( Realization of options to employees ) 26( Balance as of, ,6, 568,03 ) 206( 0, ) 36( ) 5823, ( ,5 0658,25 ),35( 018,6, ,1, )** Restated

5 Consolidated Statements of Changes in Equity Premium Treasury s Attributable to equity holders of the parent Noncontrolling interests reserve for sharebased payment fundactuarial loss earnings earnings Equity Balance as of January 1, 2012 (audited) 618,05 568,61 ) 206( 65, )** ) 02( 086,6 )** 528,, , Net income,860,,860, 585,1 585, , O ther comprehensive income ,52, comprehensive income 58061,860, 01851,,52 585, ,55 Dividend to pay to the shareholders of the parent ) 586,, ( ) 586,, ( )586,,( Cost of sharebased payment Realization of options to employees 6 53 ) 5, ( Balance as of, ,02 568,23 ) 206( 652 ) 02( , 0508,15 )** Restated

6 Consolidated Statements of Changes in Equity Treasury Premium s Attributable to equity holders of the parent Noncontrolling interests reserve for sharebased payment reserve from availableforsale financial assets fundactuarial loss reserve from transaction s with noncontrolling interests earnings earnings Equity Balance as of July 1, ,6, 568,03 ) 206( 0,6 ) 36( ) 5860, ( ),,5( 685,5,83, Net income,8156, O ther comprehensive income (loss) Income from availableforsale financial assets ) 550( ) 550( ),1( ),1( )300( other comprehensive income (loss) ) 550(,,1 ),1( ),1(,01 comprehensive income (loss) ) 550(,8156,8666 ),1( ,2 Balance as of, ,6, 568,03 ) 206( 0, ) 36( ) 5823, ( ,5 0658,25 ),35( 018,6, ,1,

7 Consolidated Statements of Changes in Equity Premium Treasury s Attributable to equity holders of the parent Noncontrolling interests reserve for sharebased payment fundactuarial loss earnings earnings Equity Balance as of July 1, ,02 568,23 ) 206( 650 )** )02( )** 55833, 6,85, , , 06085,5 Net income 3835, 3835, 0860, 0860,,8525 O ther comprehensive income 6830, 6830, ,50 comprehensive income 6830, 3835,, , Cost of sharebased payment Balance as of, ,02 568,23 ) 206( 652 ) 02( , 0508,15 )** Restated

8 Consolidated Statements of Changes in Equity Premium Treasury s Attributable to equity holders of the parent Noncontrolling interests reserve for sharebased payment fundactuarial loss reserve from with noncontrolling interests Audited earnings earnings Equity Balance as of January 1, ,05 568,61 ) 206( 65, )** )02( 086,6 )** 528,, , Net income )**,8655, ,,, 58,,, O ther comprehensive income (loss) Actuarial loss from defined benefit plans )** )55( ) 55( )55( ) 08,,1( ) 08,,1( ),03( other comprehensive income (loss) ) 55( ) 08,,1( ) 08,05( ),3,( comprehensive income (loss) ) 55( ) 08,,1(, ,,, ,5 Dividend to the shareholders of the parent ) 586,, ( ) 586,, ( )586,,( Cost of sharebased payment Acquisition of noncontrolling interests ) 5822, ( ) 0,82,1( ) 60855, ( 31 )0386,5( Realization of options to employees 6 53 ) 5, ( Balance as of December 31, ,02 568,23 ) 206( 630 ) 36( ,36 ) 065( , )** Restated

9 Consolidated Statements of Cash Flows Cash flows from operating activities 9 months ending 3 months ending Year ended December Audited Net income 3, ,81 82,,, 12,,, )** Adjustments to reconcile net income to net cash provided by (used in) operating activities: Adjustments to profit or loss items: Depreciation and amortization 9298, 0120,3 2213, 22, Loss (Gain) from sale of fixed assets and sale of land useright ),,( ),11( 28 ) 32( )02131( Decrease (Increase) in longterm prepaid expenses )199( Cost of sharebased payment, Revaluation of longterm liabilities to banks and others ) 1( , 05 Group's share of losses of company accounted for at equity, net 305 )* 2,0 90 )* 291 Taxes on income , )** 92,39 Change in employee benefit liabilities ) 00, ( ) 13( ) 18( ) 1, ( )** 01, Revaluation of purchased call option over noncontrolling interests ) 32101( ) 003( 252 Interest expenses, net 52311, ,, ,, Changes in assets and liabilities items: , ,2 Increase in trade receivables ) ( ) ( ) ( ) 52001( )82531( Decrease (Increase) in other accounts receivable ) 323,1( ,23,, 0211, Decrease (Increase) in inventories ) 012,53(,235, Increase (Decrease) in trade payables ,2895 ) 1239, ( ) 00209, ( )028,1( Increase (Decrease) in other accounts payable ) 02,,9( ) 32058( ) 02211( )223( Cash paid and received during the period for: ) 3,2500( ) 0022,1( ) 02298, ( 218 ),1,( Interest paid ) 5222, ( ),213,( ) 02,,8( ) 028,1( )129,,( Interest received Taxes paid ) 52,81( ),2883( ) 32292( ) 02,8, ( )525,0( Taxes received,, ) 0121,3( ) 8201, ( ),2135( ) 02931( )032158( Net cash provided by (used in) operating activities ) 5,5( 0, ,3 )* 8)** Restated 6

10 Consolidated Statements of Cash Flows 9 months ending 3 months ending Year ended December Audited Cash flows from investing activities Purchase of fixed assets ) ( ) 12985( ) 929,0( ) 02912( )032081( Purchase of intangible assets ) 311( ) 380( ) 8, ( ) 08, ( )02090( Proceeds from sale of fixed assets and sale of land useright 023 9,1,, 0,,,2911 Insurance compensation for fixed asset breakdown 555 Collection (Grant) of longterm loans, net 0,5 ) 09, ( )059( Net cash used in investing activities ) 0,2831( ) 12535( ) 9291, ( ) 02110( ),212,( Cash flows from financing activities Dividend paid to the shareholders of the parent ) 02882( ) 22891( )22891( Repayment of finance lease liabilities ) 510( ) 595( ) 99( ) 3,9( )931( Receipt of longterm loans, ,91, , Repayment of longterm loans ) ( ) 52098( ) 321,1( ) 02839( )12990( Acquisition of noncontrolling interests )052033( Receipt (Repayment) of shortterm credit from banks, net 0,2,0,, ) ( )22203( Net cash provided by (used in) financing activities,2,,8 ),2132( 12,,3 ) 032,31( )082521( Exchange differences on balances of cash and cash equivalents ) 282( 35, ) 51( 0,1 )020( Increase (Decrease) in cash and cash equivalents 0289, 999 ) 321,8( ) 098( 025,5 Cash and cash equivalents at the beginning of the period 823,, 12, ,90 Cash and cash equivalents at the end of the period , ,8 )* 823,, Significant non cash of the parent Purchased call option over noncontrolling interests Accrued liability to the shareholders of noncontrolling interests )82051( Purchase of fixed assets under finance lease ) 38( )38( )* Restated ) 38( )998( 01