RETALIX LTD.

RETALIX LTD.
CONSOLIDATED BALANCE SHEETS
The accompanying notes are an integral part of the consolidated financial statements.
F-4
December 31
2005 2004
U.S. $ in thousands
Liabilities and shareholders’ equity
CURRENT LIABILITIES (note 11):
Short-term bank credit
Current maturities of long-term bank loans (note 5)
Accounts payable and accruals:
Trade
Employees and employee institutions
Liabilities of executory contracts (note 6)
Accrued expenses
Other
Deferred revenues
3,981
248
11,701
5,820
259
6,301
7,744
15,564
7,565
4,801
10,251
5,122
1,048
3,591
4,298
4,949
T o t a l current liabilities 51,618 41,625
LONG-TERM LIABILITIES (note 11):
Long-term loans, net of current maturities (note 5) 1,059 1,493
Employee rights upon retirement (note 7) 9,250 8,435
Deferred tax liability (note 10g) 2,852 -
Deferred revenues 619 -
Executry contracts, net of current maturities (note 6) - 259
T o t a l long-term liabilities 13,780 10,187
T o t a l liabilities 65,398 51,812
COMMITMENTS, PLEDGES AND CONTINGENT LIABILITIES (note 8)
MINORITY INTERESTS 1,841 1,969
SHAREHOLDERS’ EQUITY (note 9):
Share capital – Ordinary shares of NIS 1.00 par value (authorized: December 31, 2005 – 30,000,000 shares;
December 31, 2004 – 25,000,000 shares; issued and outstanding: December 31, 2005 – 19,409,003 shares;
December 31, 2004 – 17,577,432 shares) 5,132 4,717
Additional paid in capital 150,042 116,277
Retained earnings 49,531 34,910
Accumulated other comprehensive income (loss) (288) 267
T o t a l shareholders’ equity 204,417 156,171
T o t a l liabilities and shareholders’ equity 271,656 209,952