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TheStreet Open House

Alon Holdings Blue Square - Israel Ltd. Announces Financial Results For The First Nine Months And Third Quarter Of 2011

Stocks in this article: BSI

ALON HOLDINGS BLUE SQUARE - ISRAEL LTD. INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2011

 

                                                               Convenience
                                                               translation(A)
                       December 31,       September 30,         September 30,
                          2010         2010          2011             2011
                        Audited                     Unaudited
                                      NIS                       U.S. dollars
                                            In thousands
    Liabilities and equity
 
    CURRENT LIABILITIES:
    Credit and loans from 
    banks and others    470,284      242,883       828,642             223,233
    Current maturities 
    of debentures and
    convertible 
    debentures          202,769       19,724       213,781              57,592
    Current maturities 
    of long-term loans
    from banks          297,771      117,792       336,768              90,724
    Trade payables    1,342,763    1,026,533     1,474,970             397,352
    Other accounts
    payable and
    accrued expenses    686,447      689,522       948,844             255,615
    Customers' deposits  30,405            -        28,097               7,569
    Derivative financial
    instruments           7,700            -         1,249                 336
    Income taxes payable  7,431           77         4,809               1,295
    Provisions           71,870       60,435        75,983              20,469
                      3,117,440    2,156,966     3,913,143           1,054,185
 
    NON CURRENT LIABILITIES:
    Long-term loans
    from banks and
    others, net of
    current
    maturities        1,399,159      521,157     1,262,632             340,149
    Convertible
    debentures, net
    of current
    maturities          117,801      117,205       119,305              32,140
    Debentures, net
    of current
    maturities        2,183,093    1,466,570     2,071,174             557,967
    Other
    liabilities         199,983       13,026       265,415              71,502
    Derivative
    financial
    instruments           9,151        7,909        15,520               4,181
    Liabilities in
    respect of employee
    benefits, net of
    amounts funded       51,492       46,855        52,429              14,124
    Deferred taxes      103,929       56,289       106,790              28,769
                      4,064,608    2,229,011     3,893,265           1,048,832
    Total liabilities 7,182,048    4,385,977     7,806,408           2,103,017
 
    EQUITY:
    Equity attributable 
    to equity holders
    of the Company:
    Ordinary shares
    of NIS 1 par value   79,712       58,486        79,878              21,519
    Additional
    paid-in capital   1,218,409    1,042,364     1,219,282             328,470
    Other reserves     (12,539)        6,978      (20,362)             (5,485)
    Accumulated
    earnings (deficit) (85,760)     (85,679)        41,601              11,207
                      1,199,822    1,022,149     1,320,399             355,711
 
    Non-controlling
    interests           382,317      187,174       382,280             102,985
 
    Total equity      1,582,139    1,209,323     1,702,679             458,696
 
    Total liabilities 
    and equity        8,764,187    5,595,300     9,509,087           2,561,713
 

 

ALON HOLDINGS BLUE SQUARE - ISRAEL LTD. CONDENSED CONSOLIDATED STATEMENTS  OF INCOME

FOR THE NINE AND THREE MONTHS PERIODS ENDED SEPTEMBER 30, 2011

 

                                                                       Convenience
                                                                       translation
                                                                      (A) for the      
                     Year           For the              For the       nine months
                     ended         nine months         three months       ended
                   December 31,  ended September 30, ended September 30, September 30,
                     2010         2010       2011       2010      2011       2011
                    Audited                  Unaudited                  Unaudited
                                           NIS                        U.S. dollars
                                In thousands (except per share data)
 
    Revenues       9,227,453 5,520,276  11,155,604 1,920,789 3,956,136   3,113,040
    Less -
    government
    levies           723,709         - (2,112,439)         - (728,554)   (569,084)
    Net revenues   8,503,744 5,520,276   9,443,165 1,920,789 3,227,582   2,543,956
    Cost of sales  6,192,352 3,947,497   7,216,831 1,374,722 2,482,719   1,944,189
    Gross profit   2,311,392 1,572,779   2,226,334   546,067   744,863     599,767
    Selling, general 
    and administrative
    expenses       2,069,970 1,380,598   1,956,614   488,957   672,924     527,105
 
    Operating
    profit before
    other gains
    and losses and
    changes in fair 
    value of 
    investment
    property         241,422   192,181     269,720    57,110    71,939      72,662
 
    Other gains        3,258     1,892       1,637        89       637         441
    Other losses    (28,188)  (13,086)       8,752   (4,175)   (1,468)     (2,358)
    Increase in
    fair value of
    investment
    property, net     32,917    18,857      28,132     5,670     8,687       7,579
    Operating profit 249,409   199,844     290,737    58,694    79,795      78,324
 
    Finance income    85,852    28,791     145,889     9,742    14,575      39,302
    Finance
    expenses       (235,847) (136,325)   (280,858)  (60,566)  (93,593)    (75,663)
    Finance
    expenses, net  (149,995) (107,534)   (134,969)  (50,824)    79,018    (36,361)
    Share of loss
    of associates      (518)       575       6,153         -     4,836       1,658
 
    Income before
    taxes on income   98,896    91,735     161,921     7,870     5,613      43,621
    Taxes on income   36,287    30,478      12,135     4,821  (34,670)       3,269
 
    Net income        62,609    61,257     149,786     3,049    40,283      40,352
 
    Attributable to:
    Equity holders
    of the Company    47,839    49,838     128,796     2,113    33,849      34,697
    Non - controlling
    interests         14,770    11,419      20,990       936     6,434       5,655
 
    Earnings per
    ordinary share
    or ADS attributed 
    to equity holders
    of the Company
    Basic               0.96      1.12        1.95      0.05      0.51        0.53
    Fully diluted       0.96      1.11        1.84      0.05      0.42        0.50
    Weighted
    average number
    of shares or
    ADSs used for
    computation of
    income per share:
    Basic             49,590    44,405      65,935    44,643    65,954      65,935
    Fully diluted     49,814    44,893      66,202    44,906    66,072      66,202

 

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