G Willi Food International Ltd 6-K, filed Aug 30, 2022

G Willi Food International Ltd (WILCF)

6-K 2022-08-30 For: 2022-08-30

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Added on July 04, 2026

About this 6-K

G Willi Food International Ltd filed this 6-K on August 30, 2022.

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	G. Willi-Food International Ltd.

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

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

Current assets
Cash and cash equivalents		171,251			255,510			195,718			48,929			73,003			55,919
Financial assets carried at fair value through profit or loss		134,261			147,442			154,090			38,360			42,126			44,026
Trade receivables		153,268			133,369			134,017			43,791			38,105			39,291
Other receivables and prepaid expenses		2,401			6,268			4,939			686			1,791			1,411
Inventories		73,877			58,463			59,528			21,108			16,704			17,008
Current tax assets		6,253			5,334			5,780			1,787			1,524			1,651
Total current assets		541,311			606,386			554,072			154,660			173,253			158,306

Non-current assets
Property, plant and equipment		90,621			86,737			87,245			25,892			24,782			24,927
Less - Accumulated depreciation		50,631			48,538			48,431			14,466			13,868			13,837
		39,990			38,199			38,814			11,426			10,914			11,090

Right of use asset		3,587			5,155			4,088			1,025			1,473			1,168
Financial assets carried at fair value through profit or loss		31,836			17,916			31,056			9,096			5,119			8,873
Goodwill		36			36			36			10			10			10

Total non-current assets		75,449			61,306			73,994			21,557			17,516			21,141

		616,760			667,692			628,066			176,217			190,769			179,447
EQUITY AND LIABILITIES

Current liabilities
Current maturities of lease liabilities		781			1,516			1,136			223			433			325
Trade payables		21,275			21,256			20,386			6,078			6,073			5,825
Employees Benefits		3,944			3,816			3,442			1,127			1,090			983
Financial liabilities at fair value through profit or loss		1,310			-			13,960			374			-			3,989
Other payables and accrued expenses		10,401			9,480			11,216			2,972			2,709			3,205
Total current liabilities		37,711			36,068			50,140			10,774			10,305			14,326

Non-current liabilities
Lease liabilities		2,986			3,776			3,062			853			1,079			875
Deferred taxes		2,198			3,163			2,017			628			904			576
Retirement benefit obligation		1,733			1,872			1,615			495			535			461
Total non-current liabilities		6,917			8,811			6,694			1,976			2,517			1,913

Shareholders' equity
Share capital		1,490			1,490			1,490			426			426			426
Additional paid in capital		170,760			170,760			170,760			48,789			48,789			48,789
Capital fund		247			247			247			71			71			71
Treasury shares		(628	)		(628	)		(628	)		(179	)		(179	)		(179	)
Retained earnings		401,222			452,266			400,322			114,635			129,219			114,378
Remeasurement of the net liability in respect of defined benefit		(959	)		(1,322	)		(959	)		(274	)		(378	)		(274	)
Equity attributable to owners of the Company		572,132			622,813			571,232			163,466			177,947			163,209

		616,760			667,692			628,066			176,217			190,769			179,447

	Six months						Three months						Six months
	ended						ended						ended
	June 30,						June 30,						June 30,
	2 0 2 2			2 0 2 1			2 0 2 2			2 0 2 1			2 0 2 2			2 0 2 1
	NIS												US dollars (*)
	In thousands (except per share and share data)

Sales		241,224			231,057			123,155			114,347			68,921			66,016
Cost of sales		168,200			157,897			84,373			77,422			48,057			45,113

Gross profit		73,024			73,160			38,782			36,925			20,864			20,903

Operating costs and expenses:
Selling expenses		37,597			32,771			18,359			17,428			10,742			9,363
General and administrative expenses		11,493			11,764			5,947			5,880			3,284			3,361
Other income		-			137			-			100			-			39

Total operating expenses		49,090			44,398			24,306			23,208			14,026			12,685

Operating profit		23,934			28,762			14,476			13,717			6,838			8,218

Financial income		8,940			19,910			4,877			8,183			2,554			5,689
Financial expense		(8,078	)		(758	)		(9,863	)		(537	)		(2,308	)		(217	)

Total financial income (expense)		862			19,152			(4,986	)		7,646			246			5,472

Income before taxes on income		24,796			47,914			9,490			21,363			7,085			13,690
Taxes on income		(3,930	)		(10,844	)		(2,268	)		(4,774	)		(1,123	)		(3,098	)

Profit for the period		20,866			37,070			7,222			16,589			5,962			10,591

Earnings per share:
Basic earnings per share		1.5			2.67			0.5			1.2			0.4			0.76
Diluted earnings per share		1.5			2.55			0.5			1.14			0.4			0.72

Shares used in computation of basic EPS		13,867,017			13,867,017			13,867,017			13,867,017			13,867,017			13,867,017
Shares used in computation of diluted EPS		13,867,017			14,517,017			13,867,017			14,517,017			13,867,017			14,517,017
Actual number of shares		13,867,017			13,867,017			13,867,017			13,867,017			13,867,017			13,867,017

	Six months						Three months						Six months
	ended						ended						ended
	June 30,						June 30,						June 30,
	2 0 2 2			2 0 2 1			2 0 2 2			2 0 2 1			2 0 2 2			2 0 2 1
	NIS												US dollars (*)
	(in thousands)

CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations		20,866			37,070			7,222			16,589			5,962			10,591
Adjustments to reconcile net profit to net cash used to continuing operating activities (Appendix A)		(24,248	)		(13,848	)		(12,900	)		2,402			(6,927	)		(3,957	)

Net cash used in continuing operating activities		(3,382	)		23,222			(5,678	)		18,991			(965	)		6,635

CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(3,376	)		(3,633	)		(1,059	)		(2,289	)		(965	)		(1,038	)
Proceeds from sale of marketable securities, net		12,056			15,161			3,851			8,365			3,445			4,332
Proceeds from sale of property plant and equipment		-			137			-			100			-			39
Proceeds from loans granted to others		-			18,707			-			11,215			-			5,345

Net cash used in continuing investing activities		8,680			30,372			2,792			17,391			2,480			8,678

CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(1,028	)		(1,004	)		(497	)		(532	)		(294	)		(287	)
Dividend		(19,966	)		-			(19,966	)		-			(5,705	)		-

Net cash used to continuing financing activities		(20,994	)		(1,004	)		(20,463	)		(532	)		(5,999	)		(287	)

Increase (decrease) in cash and cash equivalents		(15,696	)		52,590			(23,349	)		35,850			(4,484	)		15,026

Cash and cash equivalents at the beginning of the financial period		195,718			201,822			198,339			218,808			55,919			57,663

Exchange losses (profit) on cash and cash equivalents		(8,771	)		1,098			(3,739	)		852			(2,506	)		314

Cash and cash equivalents of the end of the financial year		171,251			255,510			171,251			255,510			48,929			73,003

	Six months						Three months						Six months
	ended						ended						ended
	June 30,						June 30,						June 30,
	2 0 2 2			2 0 2 1			2 0 2 2			2 0 2 1			2 0 2 2			2 0 2 1
	NIS												US dollars (*)
	(in thousands)

Decrease (increase) in deferred income taxes		181			2,395			(1,098	)		1,073			52			684
Unrealized loss (gain) on marketable securities		6,993			(12,119	)		9,141			(3,276	)		1,998			(3,463	)
Depreciation and amortization		3,298			3,101			1,450			1,622			942			886
Capital gain on disposal of property plant and equipment		-			(137	)		-			(100	)		-			(39	)
Exchange gain (losses) on cash and cash equivalents		8,771			(1,098	)		3,739			(852	)		2,506			(314	)
Unrealized gain of financial liabilities at fair value through profit or loss		(12,650	)		-			(5,209	)		-			(3,613	)		-

Changes in assets and liabilities:
Increase (decrease) in trade receivables and other receivables		(9,084	)		(**) 6,720			(5,858	)		(**) 13,142			(2,595	)		1,920
Decrease (increase) in inventories		(14,349	)		1,051			(7,341	)		3,888			(4,100	)		300
Increase (decrease) in trade and other payables, and other current liabilities		693			(4,003	)		(2,470	)		(8,229	)		198			(1,144	)
Income tax paid		(8,101	)		(**) (9,758	)		(5,254	)		(**) (4,866	)		(2,315	)		(2,787	)
Net cash flows from operating activities		(24,248	)		(13,848	)		(12,900	)		2,402			(6,927	)		(3,957	)