RETALIX LTD.

RETALIX LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:
(c) Supplemental information on investing activities not involving cash flows:
The accompanying notes are an integral part of the consolidated financial statements.
F-9
(Continued) - 3
Year ended December 31
2005 2004 2003
U.S. $ in thousands
(a) Supplementary disclosure of cash flow information -
Fair value of assets acquired and liabilities assumed of subsidiaries and activities acquired at the date of acquisition:
Working capital (excluding cash and cash equivalents) (1,441) (2,716) -
Deferred revenues 10,677 1,822 -
Deferred income taxes (396) (728) -
Property plant and equipment, net (1,867) (699) -
Amounts funded in respect of employee rights upon retirement - (9) -
Accrued liability for employee rights upon retirement - 1,711 -
Long-term loan - 1,469 -
Short- term bank credit 2,230 - -
Minority interests in subsidiary - 141 -
Goodwill and other intangible assets arising on acquisition (84,211) (21,013) -
Issuance of the Company’s share capital 23,863 5,410 -
Increase in account payable- other 833 831 -
(b) Supplementary disclosure of cash flow information -
cash paid during the period for:
(50,312) (13,781) -
Interest 1,895 861 1,123
Income tax 4,236 1,818 1,328
1) On April 1, 2005, the Company acquired substantially all of the assets of Integrated Distribution Solutions Inc. (“IDS”), in consideration
for cash, as well as the issuance of share capital of the Company in the total amount of approximately $ 6,882,000.
2) On April 1, 2005, the Company acquired approximately 73.4% of the issued and outstanding shares (on an as-converted-to-common-stock
basis) of TCI Solutions Inc. (“TCI”), in consideration for cash, as well as the issuance of share capital of the Company in the total amount
of approximately $ 16,980,000.
3) During 2004, the Company acquired 100% of the shares of OMI International, Inc. in consideration for the issuance of share capital of the
Company in the total amount of $5,410,000.
4) In February 2004, the Company’s subsidiary in the U.K. acquired the supply chain management distribution activities of OMI International
Ltd. These activities were acquired in consideration for cash, as well as the issuance of share capital of the Company in the total amount of
approximately $ 590,000.