G Willi Food International Ltd 6-K, filed May 17, 2022

G Willi Food International Ltd (WILCF)

6-K 2022-05-17 For: 2022-05-17

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Added on July 04, 2026

About this 6-K

G Willi Food International Ltd filed this 6-K on May 17, 2022.

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	March 31,						December 31			March 31,						December 31
	2 0 2 2			2 0 2 1			2021			2 0 2 2			2 0 2 1			2021
	NIS									US dollars (*)
	(in thousands)
ASSETS

Current assets
Cash and cash equivalents		198,339			218,808			195,718			62,449			68,894			61,624
Financial assets carried at fair value through profit or loss		147,808			152,531			154,090			46,539			48,026			48,517
Trade receivables		139,781			142,124			134,017			44,012			44,749			42,197
Loans to others		-			11,215			-			-			3,532			-
Other receivables and prepaid expenses		6,723			7,084			4,939			2,117			2,230			1,555
Inventories		66,537			62,351			59,528			20,950			19,632			18,743
Current tax assets		4,305			4,039			5,780			1,355			1,272			1,820
Total current assets		563,493			598,152			554,072			177,422			188,335			174,456

Non-current assets
Property, plant and equipment		89,563			84,449			87,245			28,200			26,590			27,470
Less -Accumulated depreciation		49,735			47,488			48,431			15,660			14,952			15,249
		39,828			36,961			38,814			12,540			11,638			12,221

Right of use asset		3,544			3,941			4,088			1,117			1,241			1,287
Financial assets carried at fair value through profit or loss		31,282			17,916			31,056			9,849			5,641			9,778
Goodwill		36			36			36			11			11			11
Total non-current assets		74,690			58,854			73,994			23,517			18,531			23,298

		638,183			657,006			628,066			200,939			206,866			197,754
EQUITY AND LIABILITIES

Current liabilities
Current maturities of lease liabilities		1,025			1,781			1,136			323			561			358
Trade payables		22,509			23,279			20,386			7,087			7,330			6,419
Employees Benefits		5,051			4,495			3,442			1,590			1,415			1,084
Financial liabilities at fair value through profit or loss		6,519			-			13,960			2,053			-			4,395
Other payables and accrued expenses		30,542			15,074			11,216			9,616			4,746			3,531
Total current liabilities		65,646			44,629			50,140			20,669			14,052			15,787

Non-current liabilities
Lease liabilities		2,643			2,258			3,062			832			711			965
Deferred taxes		3,296			2,090			2,017			1,038			658			635
Retirement benefit obligation		1,688			1,805			1,615			531			568			508
Total non-current liabilities		7,627			6,153			6,694			2,401			1,937			2,108

Shareholders' equity
Share capital		1,490			1,490			1,490			469			469			469
Additional paid in capital		170,760			170,760			170,760			53,766			53,766			53,766
Capital fund		247			247			247			78			78			78
Treasury shares		(628	)		(628	)		(628	)		(198	)		(198	)		(198	)
Retained earnings		394,000			435,677			400,322			124,055			137,178			126,046
Remeasurement of the net liability in respect of defined benefit		(959	)		(1,322	)		(959	)		(302	)		(416	)		(302	)
Equity attributable to owners of the Company		564,910			606,224			571,232			177,868			190,877			179,859

		638,183			657,006			628,066			200,939			206,866			197,754

	Three months						Three months
	ended						ended
	March 31,						March 31,
	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		118,069			116,710			37,175			36,748
Cost of sales		83,827			80,475			26,394			25,339

Gross profit		34,242			36,235			10,781			11,409

Operating costs and expenses:

Selling expenses		19,238			15,343			6,057			4,831
General and administrative expenses		5,546			5,884			1,746			1,853
Other income		-			37			-			12
Total operating expenses		24,784			21,190			7,804			6,672

Operating income		9,458			15,045			2,978			4,737

Financial income		6,030			11,727			1,898			3,692
Financial expenses		(182	)		(221	)		(57	)		(69	)

Total financial income, net		5,848			11,506			1,841			3,623

Income before taxes on income		15,306			26,551			4,819			8,360
Taxes on income		(1,662	)		(6,070	)		(523	)		(1,911	)

Profit for the period		13,644			20,481			4,296			6,449

Earnings per share:
Basic earnings per share		0.98			1.48			0.31			0.46
Diluted earnings per share		0.98			1.41			0.31			0.44

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

	Three months ended						Three months ended
	March 31,						March 31,
	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)
CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations		13,644			20,481			4,296			6,449
Adjustments to reconcile net profit to net cash from (used in) continuing operating activities (Appendix A)		(11,347	)		(16,250	)		(3,573	)		(5,116	)
Net cash from continuing operating activities		2,297			4,231			723			1,333

CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(2,317	)		(1,344	)		(730	)		(423	)
Proceeds from sale of property plant and equipment		-			37			-			12
Proceeds from loans granted to others		-			7,492			-			2,358
Proceeds from sale (purchase) of marketable securities, net		8,204			6,796			2,583			2,140
Net cash used in continuing investing activities		5,887			12,981			1,853			4,087

CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(531	)		(472	)		(167	)		(149	)
Net cash used in continuing financing activities		(531	)		(472	)		(167	)		(149	)

Increase in cash and cash equivalents		7,653			16,740			2,409			5,271
Cash and cash equivalents at the beginning of the year		195,718			201,822			61,624			63,546
Exchange losses on cash and cash equivalents		(5,032	)		246			(1,584	)		77
Cash and cash equivalents at the end of the year		198,339			218,808			62,449			68,894

	Three months						Three months
	ended						ended
	March 31,						March 31,
	2 0 2 2			2 0 2 1			2 0 2 2			2 0 2 1
	NIS						US dollars (*)
	(in thousands)

Decrease in deferred income taxes		1,279			1,322			403			416
Unrealized gain on marketable securities		(2,148	)		(8,843	)		(676	)		(2,784	)
Unrealized gain of financial liabilities at fair value through profit or loss		(7,441	)		-			(2,343	)		-
Depreciation and amortization		1,848			1,479			582			465
Capital gain on disposal of property plant and equipment		-			(37	)		-			(12	)
Exchange losses (gain) on cash and cash equivalents		5,032			(246	)		1,584			(77	)

Changes in assets and liabilities:
Increase in trade receivables and other receivables		(3,226	)		(6,422	)		(1,016	)		(2,022	)
Increase in inventories		(7,009	)		(2,837	)		(2,207	)		(893	)
Increase in trade and other payables, and other current liabilities		3,165			4,226			996			1,331
Cash generated from operations		(8,500	)		(11,358	)		(2,677	)		(3,576	)
Income tax paid		(2,847	)		(4,892	)		(896	)		(1,540	)
Net cash flows from operating activities		(11,347	)		(16,250	)		(3,573	)		(5,116	)

	Three months ended March 31,				Three months ended March 31,
	2 0 2 2		2 0 2 1		2 0 2 2		2 0 2 1
	NIS				US dollars (*)
	(in thousands)
Dividend payable		19,966		-		6,287		-