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Shikun & Binui Reports Third Quarter 2012 Results

 

Shikun & Binui Ltd.

Condensed Consolidated Interim Statement of Financial Position as at

    
                                                September September  December
                                                       30        30        31
                                                     2012      2011      2011
                                                       (Unaudited)   (Audited)
                                                      NIS       NIS       NIS
                                                thousands thousands thousands
    
    Assets
    Cash and cash equivalents                   1,059,749   999,868 1,255,476
    Bank deposits                                 152,866   205,692   148,320
    Short-term loans and investments              193,304    71,295   107,061
    Short-term loans to investee
    companies                                      14,649   259,413   139,266
    Trade receivables - accrued income          1,617,952 1,164,852 1,210,838
    Inventory of buildings held for
    sale                                        1,645,078 1,518,346 1,529,088
    Receivables and debit balances                298,189   342,537   261,329
    Other investments, including
    derivatives                                     2,797       916     1,375
    Current tax assets                             32,723    63,224    78,360
    Inventory                                     310,026   277,991   292,549
    Assets classified as held for sale              2,326     2,326     2,326
    Total current assets                        5,329,659 4,906,460 5,025,988
 
    Receivables in respect of
    concession
    arrangements                                  601,616   453,564   516,598
    Non-current inventory of land
    (freehold)                                    438,828   411,204   406,788
    Non-current inventory of land
    (leasehold)                                   386,932   317,989   334,090
    Investment property, net                      373,179   315,754   310,291
    Land rights                                    16,246    17,202    16,096
    Long-term prepaid expenses                      4,072     4,965     5,884
    Receivables, loans and deposits               323,538   173,570   284,353
    Investments in equity-accounted
    investees                                     526,456   585,876   562,240
    Loans to investee companies                   949,052   780,872   806,207
    Deferred tax assets                            91,261    88,545    93,518
    Property, plant and equipment, net          1,109,224 1,140,713 1,138,974
    Intangible assets, net                        125,618    95,235   106,419
    Total non-current assets                    4,946,022 4,385,489 4,581,458
 
    Total assets                               10,275,681 9,291,949 9,607,446

 

Condensed Consolidated Interim Statement of Financial Position as at (cont'd)

    
                                                 September September  December
                                                        30        30        31
                                                      2012      2011      2011
                                                        (Unaudited)   (Audited)
                                                       NIS       NIS       NIS
                                                 thousands thousands thousands
    
    Liabilities
    Short-term credit from banks and others      1,100,548   851,012   895,863
    Subcontractors and trade payables              977,971   981,298 1,009,226
    Short-term employee benefits                    45,825    54,198    63,952
    Payables and credit balances including
    derivatives                                    571,368   503,874   499,030
    Current tax liabilities                         96,890   123,337   107,204
    Provisions                                     379,187   227,132   271,701
    Payables - customer work orders                561,285   637,179   794,325
    Advances received from customers               963,548   918,680   901,049
    Dividend payable                                48,415         -    12,947
    Total current liabilities                    4,745,037 4,296,710 4,555,297
 
    Liabilities to banks and others              1,874,121 1,449,168 1,600,494
    Debentures                                   2,189,960 2,248,805 2,247,226
    Employee benefits                               93,878   135,650   112,005
    Deferred tax liabilities                        53,915    28,436    43,896
    Provisions                                      50,442    41,550    43,756
    Excess of accumulated losses over cost of
    investment
    and deferred credit balance in investee
    companies                                       38,460    31,277    35,388
    Total non-current liabilities                4,300,776 3,934,886 4,082,765
 
    Total liabilities                            9,045,813 8,231,596 8,638,062
 
    Equity
    Total equity attributable to owners
    of the Company                               1,077,703   950,288   864,593
    Non-controlling interests                      152,165   110,065   104,791
    Total equity                                 1,229,868 1,060,353   969,384
 
    Total liabilities and equity                10,275,681 9,291,949 9,607,446

 

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