|  |
|
Income Statement
| Description |
Notes |
2006 |
2005 |
| |
|
NIS |
NIS |
| Sales Trade |
|
309,819,759 |
274,380,438 |
| Bandaroll (Excise) |
|
234,545,490 |
215,131,008 |
| Net Sales |
|
75,274,269 |
59,249,430 |
| Raw Material Costs |
|
35,240,695 |
27,402,134 |
| Gross Profit |
|
40,033,574 |
31,847,296 |
| Expenses |
|
|
|
| Factory Salaries |
|
6,061,547 |
5,355,323 |
| Factory Expenses |
|
2,036,999 |
2,841,745 |
| |
|
8,098,546 |
8,197,068 |
| Trading Profit |
|
31,935,028 |
23,650,228 |
| OverHeads |
|
|
|
| Salaries |
|
5,251,478 |
5,863,023 |
| Transport Costs & Maintenance |
|
963,316 |
745,627 |
Postage, Telecommunications &
Stationery |
|
636,286 |
581,051 |
| Power, Water & Sewage |
|
1,597,943 |
1,120,994 |
| Bank Interest & Charges |
|
878,745 |
1,022,318 |
| Insurance |
|
487,514 |
576,894 |
| Donations |
|
198,077 |
171,806 |
| Distribution Costs |
|
620,616 |
616,481 |
| Travel Costs |
|
277,200 |
304,260 |
| Depreciation |
|
2,091,152 |
2,085,988 |
| Promotional Costs |
|
684,437 |
341,380 |
| Bad Debt Write Off |
|
375,279 |
|
| Warehouse Rental |
|
49,190 |
105,167 |
| Audit, Legal & Professional Fees |
|
664,471 |
291,872 |
| Miscellaneous |
|
230,729 |
170,393 |
| Advertising |
|
22,568 |
110,839 |
| Commissions |
|
- |
49,388 |
| Property Repairs |
|
360,742 |
202,341 |
| |
|
15,389,743 |
14,359,822 |
| Net Trading Profit |
|
16,545,285 |
9,290,406 |
| Rental Income |
|
- |
1,313 |
| Net Profit |
|
16,545,285 |
9,291,719 |
| Non Trading Income |
|
18,862 |
824,707 |
| Total Profit |
|
16,564,147 |
10,116,426 |
| Profit For Disposal |
|
16,564,147 |
10,116,426 |
| Income Tax Provision |
|
2,481,793 |
1,393,758 |
| Income Tax Settlement (1995-98) |
|
921,847 |
|
| Income Tax Settlement (1999-04) |
|
1,227,932 |
|
| Dividend |
|
7,000,000 |
|
| Retained Profit |
|
- |
7,000,000 |
| Voluntary Reserves |
|
2,495,038 |
- |
| Investment Provision |
|
2,315,097 |
2,197,580 |
| Directors Fees & Expenses |
|
49,500 |
53,625 |
| Compensation Provision |
|
72,940 |
(528,537) |
| |
|
16,564,147 |
10,116,426 |
|
 |
|
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