RETALIX LTD.

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NOTE 15 – SELECTED INCOME STATEMENT DATA: RETALIX LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) a. General and administrative expenses - allowance for doubtful accounts: F-47 Year ended December 31 2005 2004 2003 U.S. $ in thousands The changes in allowance for doubtful accounts are composed as follows: Balance at beginning of year 3,154 2,778 1,367 Increase during the year 2,237 1,256 1,822 Bad debt written off (987) (880) (411) Balance at end of year 4,404 3,154 2,778 Year ended December 31 2005 2004 2003 U.S. $ in thousands b. Financial income (expenses): Realized gain on marketable securities - net 308 100 18 Non-dollar currency gains (losses) -net (637) 218 374 Interest income 3,011 1,494 918 Interest and bank commissions expense (2,480) (1,727) (1,405) 202 85 (95) c. Other general income (expenses) -net: Gain (loss) on sale of property and equipment - 15 (62) d. Earnings per share (“EPS”): - 15 (62) Following are data relating to the nominal value of shares - basic and diluted used in the purpose of computation of EPS: Year ended December 31 2005 2004 2003 Number of shares in thousands Weighted average number of shares issued and outstanding- used in computation of basic earnings per share 18,710 15,746 12,323 Add incremental shares from assumed exercise of options 949 806 760 Weighted average number of shares used in computation of diluted earnings per share 19,659 16,552 13,083
NOTE 16 – SUBSEQUENT EVENTS (UNAUDITED): RETALIX LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) a. In February 2006, the Company, through its subsidiary Retalix Holdings Inc. acquired substantially all of the assets of Base Products, Inc., a provider of a suite of hardware and software products and services for food and consumer goods retailer, for $2,600,000 in cash. b. In March 2006, the Company through its subsidiary Retalix Holdings Inc., acquired an additional 45% of the equity of StoreNext USA and increased its holdings in StoreNext USA to 95%. The consideration the Company paid for this acquisition was approximately $4,900,000 in cash. F-48
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UNITED STATES SECURITIES AND EXCHAN
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PART I TABLE OF CONTENTS Item 1. ID
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PART II PART III G. Statement by Ex
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ITEM 3 - KEY INFORMATION A. Selecte
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the uncertainty regarding the adopt
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changing customer needs; and frequ
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If we are unsuccessful in establish
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Antitrust scrutiny of e-marketplace
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The dollar cost of our operations i
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It could be difficult to enforce a
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ITEM 4 - INFORMATION ON THE COMPANY
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Our Market Opportunity The customer
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Our solutions provide for both reta
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Leverage our integrated suite of pr
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Enterprise Headquarters Solutions:
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Retalix HQC - Retalix HQ for C-Stor
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• Ordering, receiving • Load ba
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StoreLine.net StoreLine.net is a th
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create and sustain customer interes
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The Retalix InSync Solution Portfol
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Customers Our software has been dep
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Direct Sales Our direct sales force
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ITEM 5 - OPERATING AND FINANCIAL RE
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The following table shows the impac
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Revenues from on-line application,
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Product Sales Product sales primari
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Gain Arising from Issuance of Share
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The increase in cost of product sal
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SFAS No. 154. In May 2005, the FASB
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The following table presents inform
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D. Trend Information Trends we iden
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Yoni Stutzen has served as our Exec
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The Companies Law and Nasdaq listin
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D. Employees Set forth are tables p
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Options granted under our Second 19
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ITEM 7 - MAJOR SHAREHOLDERS AND REL
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PalmPoint In December 2002, a legal
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The following table sets forth, for
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The oversight of the management of
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A quorum in a general meeting consi
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In addition, provisions of the Comp
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The amount of a distribution with r
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Backup Withholding A U.S. holder ma
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The benefits available to an approv
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Generally, up until the 2006 tax ye
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The table below presents principal
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ITEM 15 - CONTROLS AND PROCEDURES P
Page 98 and 99: Our audit committee has adopted a p
Page 100 and 101: SIGNATURES The registrant hereby ce
Page 102 and 103: REPORT OF INDEPENDENT REGISTERED PU
Page 104 and 105: RETALIX LTD. CONSOLIDATED BALANCE S
Page 106 and 107: RETALIX LTD. STATEMENTS OF CHANGES
Page 108 and 109: RETALIX LTD. CONSOLIDATED STATEMENT
Page 110 and 111: RETALIX LTD. CONSOLIDATED STATEMENT
Page 112 and 113: NOTE 1 - SIGNIFICANT ACCOUNTING POL
Page 114 and 115: RETALIX LTD NOTES TO CONSOLIDATED F
Page 116 and 117: RETALIX LTD. NOTES TO CONSOLIDATED
Page 122 and 123: NOTE 2 - ACQUISITIONS (continued):
Page 124 and 125: NOTE 2 - ACQUISITIONS (continued):
Page 126 and 127: NOTE 4 - GOODWILL AND OTHER INTANGI
Page 128 and 129: NOTE 6 - OTHER LIABILITIES: RETALIX
Page 134 and 135: NOTE 9 - SHAREHOLDERS’ EQUITY (co
Page 136 and 137: NOTE 9 - SHAREHOLDERS’ EQUITY (co
Page 138 and 139: NOTE 10 - TAXES ON INCOME (continue
Page 150 and 151: RETALIX LTD. REPORT OF INDEPENDENT
Page 152 and 153: Report of Independent Registered Pu
Page 154 and 155: I, Barry Shaked, certify that: File
Page 156 and 157: I, Danny Moshaioff, certify that: F
Page 158 and 159: Certification Pursuant to Section 9
Page 160 and 161: Consent of Independent Registered P
Page 162: Retalix Holdings, Inc. Plano, Texas
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RETALIX LTD.

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