This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Alon Holdings Blue Square - Israel Ltd. (NYSE:BSI) Announces The Financial Results For The Fourth Quarter Of 2012

                       AS OF DECEMBER 31, 2012

                                (UNAUDITED)


                                                      Convenience
                                                     translation
                                     December  31,     December 31,
                               -------------------- ---------------

                                    2011      2012          2012
                               ---------   -------- ---------------
                                          NIS          U.S. dollars
                               -------------------- ---------------
                                         In thousands
                              ------------------------------------
            Assets

    CURRENT ASSETS:
     Cash and cash equivalents    76,451    285,034         76,355
     Investment in securities    300,053    325,313         87,145
     Short-term bank deposits    103,942     96,176         25,764
     Trade receivables         1,576,150  1,430,983        383,333
     Other accounts
     receivable including
     current maturities of
     loans receivable            291,790    274,862         73,630
     Derivative financial
     instruments                   2,543          -              -
     Assets of disposal groups
     classified as held for sale   3,610    228,131         61,112
     Income taxes receivable     125,789     92,814         24,863
     Inventories                 676,590    654,209        175,250
                               ---------   -------- --------------
                               3,156,918  3,387,522        907,452
                               ---------   -------- --------------

    NON-CURRENT ASSETS:
     Investments in associates   202,653    349,157         93,533
     Derivative financial
     instruments                     896      1,790            480
     Real estate inventories     100,035    106,064         28,412
     Payments on account of
     real estate                 191,600          -              -
     Investments in securities    33,159     48,609         13,021
     Loans receivable, net of
     current maturities          182,654    206,784         55,391
     Property and equipment,
     net                       2,942,487  2,867,496        768,148
     Investment property         576,093    970,114        259,878
     Intangible assets, net    1,461,070  1,406,795        376,854
     Other long-term
     receivables                 142,331     33,640          9,011
     Deferred taxes              104,321    121,935         32,664
                               ---------   -------- --------------
                               5,937,299  6,112,384      1,637,390
                               ---------   -------- --------------
     Total assets              9,094,217  9,499,906      2,544,842
                               ---------   -------- --------------
                               ---------   -------- --------------

   

                      ALON HOLDINGS BLUE SQUARE - ISRAEL LTD.

                 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

                           AS OF DECEMBER 31, 2012

                                (UNAUDITED)


                                                        Convenience
                                                        translation
                                                         December
                                       December 31,         31,
                                  -----------------   -------------

                                      2011      2012       2012
                                  --------  --------  -------------
                                                           U.S.
                                           NIS            dollars
                                  -----------------   -------------
                                             In thousands
                                  ---------------------------------
    Liabilities and shareholders'
                equity

    CURRENT LIABILITIES:
    Credit and loans from banks
    and others                      1,036,928 1,169,229     313,214
    Current maturities of
    debentures and
    convertible debentures            212,726   556,188     148,992
    Current maturities of
    long-term loans from banks        311,642   251,463      67,362
    Trade payables                  1,243,914 1,249,743     334,782
    Other accounts payable and
    accrued expenses                  730,985   647,587     173,477
    Customers' deposits                27,733    28,011       7,504
    Derivative financial
    instruments                         2,814    17,566       4,706
    Income taxes payable                6,311    10,124       2,712
    Provisions for other
    liabilities                        78,266    62,681      16,791
    Liabilities of disposal
    groups classified as
    held for sale                           -    87,794      23,518
                                    ---------  --------  ----------
                                    3,651,319 4,080,386   1,093,058
                                    ---------  --------  ----------

    NON CURRENT LIABILITIES:
    Long-term loans from banks
    and others, net of current
    maturities                      1,240,487 1,264,396     338,708
    Convertible debentures, net
    of current maturities             118,826    90,402      24,217
    Debentures, net of current
    maturities                      2,034,047 2,048,829     548,843
    Other liabilities                 264,597   148,865      39,878
    Derivative financial
    instruments                        16,701     6,382       1,710
    Liabilities in respect of
    employee benefits, net of
    amounts funded                     62,245    70,529      18,893
    Deferred taxes                   *159,769   183,776      49,230
                                    ---------  --------  ----------
                                    3,896,672 3,813,179   1,021,479
                                    ---------  --------  ----------
    Total liabilities               7,547,991 7,893,565   2,114,537
                                    ---------  --------  ----------

    EQUITY:
    Equity attributed to equity holders of
    the Company:
    Ordinary shares of NIS 1 par
    value                              79,881    79,881      21,399
    Additional paid-in capital      1,219,279 1,219,279     326,622
    Other reserves                    (9,672)     9,245       2,476
    Accumulated deficit            *(106,434) (114,965)    (30,797)
                                    ---------  --------  ----------
                                    1,183,054 1,193,440     319,698
    Non-controlling interests        *363,172   412,901     110,607
                                    ---------  --------  ----------
    Total equity                    1,546,226 1,606,341     430,305
                                    ---------  --------  ----------
    Total liabilities and equity    9,094,217 9,499,906   2,544,842
                                    ---------  --------  ----------
                                    ---------  --------  ----------

             * Retroactive application, see events during the reporting
             period

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

                FOR YEAR AND THREE MONTH PERIOD ENDED DECEMBER 31, 2012

                                     (UNAUDITED)


                                                                   Convenience
                                                                   Translation
                                                                       for
                                                                    the year
                              Year ended       Three months ended     ended
                                                                    December
                             December 31,         December 31,         31,
                         --------------------- ------------------- -----------
                            2011       2012      2011      2012       2012
                         ---------- ---------- --------- --------- -----------
                                                                       U.S.
                                            NIS                       dollars
                         ----------------------------------------- -----------
                                 In thousands (except per share data)
                         -----------------------------------------------------
    Revenues             15,159,447 15,805,539 3,722,049 3,831,867   4,234,005
    Less - government
    levies                2,813,671  2,955,154   701,232   717,111     791,630
                         ---------- ---------- --------- --------- -----------
    Net revenues         12,345,776 12,850,385 3,020,817 3,114,756   3,442,375
    Cost of sales         9,442,009 10,008,056 2,332,263 2,433,754   2,680,969
                         ---------- ---------- --------- --------- -----------
    Gross profit          2,903,767  2,842,329   688,554   681,002     761,406
    Selling, general and
    administrative
    expenses              2,611,801  2,658,198   671,502   661,135     712,081
                         ---------- ---------- --------- --------- -----------
    Operating profit
    before other gains
    and losses and
    changes in fair
    value of investment
    property                291,966    184,131    17,052    19,867      49,325
    Other gains               1,637     39,058         -     16,888     10,463
    Other losses           (18,529)   (15,663)   (9,854)   (7,816)     (4,196)
    Increase in fair
    value of investment
    property, net            41,913    106,399    13,781    23,030      28,502
                         ---------- ---------- --------- --------- -----------
    Operating profit        316,987    313,925    20,979    51,969      84,094
    Finance income          156,567     73,875     9,358    14,143      19,790
    Finance expenses      (328,493)  (319,644)  (50,968)  (48,315)    (85,627)
                         ---------- ---------- --------- --------- -----------
    Finance expenses,
    net                   (171,926)  (245,769)  (41,610)  (34,172)    (65,837)
    Share in gains
    (losses) of
    associates                5,746     12,024     (407)     3,355       3,221
                         ---------- ---------- --------- --------- -----------
    Income (loss) before
    taxes on income         150,807     80,180  (21,038)    21,152      21,478
    Taxes on income          48,485     16,561    34,669     6,765       4,437
                         ---------- ---------- --------- --------- -----------
    Net income (loss)
    from continuing
    operation               102,322     63,619  (55,707)    14,387      17,044

    Net loss
    from discontinued
    operation              (18,609)   (22,468)  (10,366)   (11,861)     (6,019)
                         ---------- ---------- --------- --------- -----------
                             83,713     41,151  (66,073)     2,526      11,025
                         ---------- ---------- --------- --------- -----------
                         ---------- ---------- --------- --------- -----------
    Attributable to:
    Equity holders of
    the Company              59,513      3,213  (69,283)   (7,822)         (858)
                         ---------- ---------- --------- --------- -----------
    Non-controlling
    interests                24,200     44,364     3,210    10,348      11,883
                         ---------- ---------- --------- --------- -----------

    Earnings per
    ordinary share or
    ADS attributable to
    equity holders of
    the company
    Basic
    Continuing
    operations                 1.18       0.29    (0.89)      0.06        0.08
    Discontinued
    operation                (0.28)     (0.34)    (0.16)    (0.18)      (0.09)
                         ---------- ---------- --------- --------- -----------
                               0.90       (0.05)    (1.05)    (0.12)      (0.01)
                         ---------- ---------- --------- --------- -----------
                         ---------- ---------- --------- --------- -----------

    Fully diluted
    Continuing
    operations                 1.07       0.29    (0.89)      0.06        0.08
    Discontinued
    operation                (0.28)     (0.34)    (0.16)    (0.18)      (0.09)
                         ---------- ---------- --------- --------- -----------
                               0.79      (0.05)    (1.05)    (0.12)      (0.01)
                         ---------- ---------- --------- --------- -----------
                         ---------- ---------- --------- --------- -----------


    Weighted average
    number of shares or
    ADSs used for
    computation of
    earnings per share:
    Basic                    65,940     65,954    65,954    65,954      65,954
                         ---------- ---------- --------- --------- -----------
    Fully diluted            66,167     65,954    65,954    65,954      65,954
                         ---------- ---------- --------- --------- -----------

                        ALON  HOLDINGS BLUE SQUARE- ISRAEL   LTD.                        CONSOLIDATED STATEMENTS OF CASH FLOWS

              FOR THE YEAR AND THREE MONTH PERIOD ENDED DECEMBER 31, 2012

                                          (UNAUDITED)


                                                                   Convenience
                                                                   translation
                                                                       for
                                                                    the year
                               Year ended      Three months ended     ended
                                                                    December
                              December 31,        December 31,         31,
                             ----------------  ------------------  -----------
                              2011       2012      2011      2012     2012
                                                                      U.S.
                                                NIS                  dollars
                            ------------------------------------  -----------
                                             In thousands
                             -------------------------------------------------
    CASH FLOWS FROM
    OPERATING
    ACTIVITIES:
    Income (loss)
    before taxes on
    income from
    continuing
    operations          150,807      81,180  (21,038)      21,152       21,478
    Net income
    (loss) from
    discontinued
    operation          (20,506)    (17,468)  (10,582)     (6,861)      (4,679)
    Income tax
    received
    (paid), net        (79,368)      16,647  (18,315)    (10,419)        4,459
    Adjustments for
    cash generated
    from operations     576,664     206,783   191,377     105,491       55,393
                       --------   ---------  --------   ---------     --------

    Net cash
    provided by
    operating
    activities          627,597     286,142   141,442     109,363       76,651
                       --------   ---------  --------   ---------     --------
    CASH FLOWS FROM
    INVESTING
    ACTIVITIES:
    Purchase of
    property and
    equipment         (261,101)   (201,273)  (46,842)    (39,226)     (53,917)
    Purchase of
    investment
    property           (55,524)   (191,706)  (13,058)    (19,713)     (51,354)
    Purchase of
    intangible
    assets             (30,717)    (43,439)  (14,561)     (5,511)     (11,636)
    Proceeds from
    collection of
    (investment in)
    short-term bank
    deposits, net       (5,858)       7,766     (493)      23,849        2,080
    Proceeds from
    sale of
    property and
    equipment            12,864      20,187       272      11,142        5,408
    Proceeds from
    sale of
    investment
    property             50,600      23,198         -      19,588        6,214
    Investment in
    restricted
    deposits          (102,603)    (69,910)   (4,294)           -     (18,728)
    Proceeds from
    sale of
    marketable
    securities          118,957     150,945    41,553      30,060       40,435
    Investment in
    marketable
    securities        (122,646)   (178,149)  (51,247)    (34,212)     (47,723)
    Dividend
    received                  -      12,500         -       1,500        3,348
    Acquisition of
    equity
    accounted
    investee           (36,415)           -         -           -            -
    Grant of long
    term loans            (200)    (63,800)         -    (34,500)     (17,091)
    Grant of loans
    to controlling
    shareholders      (144,962)    (38,377)    10,201     (1,961)     (10,280)
    Payments on
    account of real
    estate              (9,187)    (23,937)   (8,070)     (4,838)      (6,412)
    Collection of
    long-term loans
    receivable           22,885      13,785    16,047         978        3,693
    Net outflow
    from
    realization of
    proportionately
    consolidated
    company                   -     (3,085)         -           -        (826)
    Interest
    received             16,552      25,256       512       7,291        6,766
                      ---------   ---------   --------   ---------   ---------
    Net cash used
    in investing
    activities        (547,355)   (560,039)  (69,980)    (45,553)    (150,023)
                      ---------   ---------   --------   ---------   ---------

                      ALON HOLDINGS BLUE SQUARE - ISRAEL LTD.

                       CONSOLIDATED STATEMENTS OF CASH FLOWS

8 of 16

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs