G Willi Food International Ltd 6-K, filed Nov 10, 2020

G Willi Food International Ltd (WILCF)

6-K 2020-11-10 For: 2020-11-10

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Added on April 08, 2026

About this 6-K

G Willi Food International Ltd filed this 6-K on November 10, 2020.

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	G. Willi-Food International Ltd.

	By:	/s/ Yitschak Barabi
		Name:Yitschak Barabi
		Title: Chief Financial Officer

	September 30,						December 31			September 30,						December 31
	2 0 2 0			2 0 1 9			2 0 1 9			2 0 2 0			2 0 1 9			2 0 1 9
	NIS									US dollars (*)
	(in thousands)
ASSETS

Current assets
Cash and cash equivalents		214,408			141,685			121,860			62,310			41,176			35,414
Financial assets carried at fair value through profit or loss		150,197			142,443			141,543			43,649			41,396			41,134
Trade receivables		136,748			120,895			133,039			39,741			35,134			38,663
Loans to others		3,650			19,796			17,650			1,061			5,753			5,129
Current tax		435			-			-			126			-			-
Other receivables and prepaid expenses		3,646			4,686			9,360			1,060			1,361			2,719
Inventories		56,677			39,268			71,548			16,471			11,412			20,793
Total current assets		565,761			468,773			495,000			164,418			136,232			143,852

Non-current assets
Property, plant and equipment		83,394			80,637			81,402			24,235			23,434			23,656
Less -Accumulated depreciation		46,675			42,951			43,881			13,564			12,482			12,752
		36,719			37,686			37,521			10,671			10,952			10,904

Right of use asset		3,208			2,852			3,860			932			829			1,122
Financial assets carried at fair value through profit or loss		9,273			-			-			2,695			-			-
Goodwill		36			36			36			10			10			10
Deferred taxes		1,047			853			818			304			248			238
Total non-current assets		50,283			41,427			42,235			14,612			12,039			12,274

		616,044			510,200			537,235			179,030			148,271			156,126
EQUITY AND LIABILITIES

Current liabilities
Current maturities of lease liabilities		1,520			1,374			1,675			442			399			487
Current tax liabilities		-			3,104			3,750			-			902			1,090
Trade payables		25,325			12,580			24,650			7,360			3,656			7,164
Employees Benefits		3,114			2,766			2,911			905			804			846
Other payables and accrued expenses		10,509			10,244			9,195			3,053			2,977			2,672
Total current liabilities		40,468			30,068			42,181			11,760			8,738			12,259

Non-current liabilities
Lease liabilities		1,806			1,496			2,212			525			435			642
Retirement benefit obligation		1,628			938			1,486			473			273			431
Total non-current liabilities		3,434			2,434			3,698			998			708			1,073

Shareholders' equity
Share capital		1,490			1,425			1,425			433			414			414
Additional paid in capital		170,760			128,354			128,354			49,625			37,301			37,301
Capital fund		247			247			247			72			72			72
Treasury shares		(628	)		(625	)		(628	)		(183	)		(182	)		(183	)
Remeasurement of the net liability in respect of defined benefit		(1,029	)		(623	)		(1,029	)		(299	)		(181	)		(299	)
Retained earnings		401,302			348,920			362,987			116,624			101,401			105,489
Equity attributable to owners of the Company		572,142			477,698			491,356			166,272			138,825			142,794

		616,044			510,200			537,235			179,030			148,271			156,126

	Nine months				Three months				Nine months
	ended				ended				ended
	September 30,				September 30,				September 30,
	2 0 20		2 0 1 9		2 0 20		2 0 1 9		2 0 20		2 0 1 9
	NIS								US dollars (*)
	In thousands (except per share and share data)

Sales		345,189		293,298		111,933		95,364		100,316		85,236
Cost of sales		230,133		203,443		77,902		65,535		66,880		59,123

Gross profit		115,056		89,855		34,031		29,829		33,436		26,113

Operating costs and expenses:
Selling expenses		47,344		39,540		14,522		12,316		13,758		11,491
General and administrative expenses		17,823		15,295		5,483		4,963		5,180		4,445
Other income		58		-		-		-		17		-

Total operating expenses		65,109		54,835		20,005		17,279		18,921		15,936

Operating profit		49,947		35,020		14,026		12,550		14,515		10,177

Financial income		3,689		15,888		14,704		2,895		1,072		4,617
Financial expense		3,313		3,428		231		2,138		963		996

Total financial income		376		12,460		14,473		757		109		3,621

Income before taxes on income		50,323		47,480		28,499		13,307		14,624		13,798
Taxes on income		12,007		10,037		6,582		2,977		3,489		2,917

Profit for the period		38,316		37,443		21,917		10,330		11,135		10,881

Earnings per share:
Basic/diluted earnings per share		2.88		2.83		1.63		0.78		0.84		0.82

Shares used in computation of basic/diluted EPS		13,289,239		13,217,017		13,433,684		13,217,017		13,289,239		13,217,017

Actual numbers of shares		13,867,017		13,217,017		13,867,017		13,217,017		13,867,017		13,217,017

	Nine months						Three months						Nine months
	ended						ended						ended
	September 30,						September 30,						September 30,
	2 0 20			2 0 1 9			2 0 20			2 0 1 9			2 0 20			2 0 1 9
	NIS												US dollars (*)
	(in thousands)

CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations		38,316			37,443			21,917			10,330			11,135			10,881
Adjustments to reconcile net profit to net cash used in (used to) continuing operating activities (Appendix A)		21,697			(15,542	)		6,289			8,643			6,305			(4,517	)

Net cash used in continuing operating activities		60,013			21,901			28,206			18,973			17,440			6,364

CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(1,991	)		(1,026	)		(1,256	)		(440	)		(579	)		(298	)
Proceeds from sale (purchase) of marketable securities, net		(20,669	)		7,655			(23,195	)		(2,535	)		(6,006	)		2,225
Proceeds from sale of property plant and equipment		58			-			-			-			17			-
Loans granted to others		-			(29,650	)		-			(8,000	)		-			(8,617	)
Proceeds from loans granted to others		14,000			9,854			-			4,035			4,069			2,864

Net cash used to continuing investing activities		(8,602	)		(13,167	)		(24,451	)		(6,940	)		(2,499	)		(3,826	)

CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(1,334	)		(711	)		(507	)		(237	)		(388	)		(207	)
Shares issue		42,471			-			42,471			-			12,343			-
Acquisition of treasury shares		-			(625	)		-			-			-			(181	)

Net cash used in (used to) continuing financing activities		41,137			(1,336	)		41,964			(237	)		11,955			(388	)

Increase in cash and cash equivalents		92,548			7,398			45,719			11,796			26,896			2,150

Cash and cash equivalents at the beginning of the financial period		121,860			134,287			168,689			129,889			35,414			39,025

Cash and cash equivalents of the end of the financial year		214,408			141,685			214,408			141,685			62,310			41,175

	Nine months						Three months						Nine months
	ended						ended						ended
	September 30,						September 30,						September 30,
	2 0 20			2 0 1 9			2 0 20			2 0 1 9			2 0 20			2 0 1 9
	NIS												US dollars (*)
	(in thousands)


Decrease (increase) in deferred income taxes		(229	)		2,030			3,153			485			(67	)		590
Unrealized loss (gain) on marketable securities		2,739			(12,196	)		(13,532	)		(1,927	)		796			(3,544	)
Depreciation and amortization		4,221			3,461			1,470			1,153			1,227			1,005
Capital gain on disposal of property plant and equipment		(58	)		-			-			-			(17	)		-

Changes in assets and liabilities:
Decrease (increase) in trade receivables and other receivables		1,570			(22,956	)		6,271			235			456			(6,671	)
Decrease in inventories		14,871			10,021			4,585			16,603			4,322			2,912
Increase (decrease) in trade and other payables, and other current liabilities		(1,417	)		4,098			4,342			(7,906	)		(412	)		1,191

		21,697			(15,542	)		6,289			8,643			6,305			(4,517	)