G WILLI FOOD INTERNATIONAL LTD | CIK:0001030997 |

NOTE 4   -      CURRENT ASSETS

A.

Cash and cash equivalents - composition:

		December 31,
		2 0 1 7				2 0 1 6				2 0 1 7
		NIS				NIS				US Dollars
Cash in bank			12,962				90,426				3,739
Short-term bank deposits			100,100				39,151				28,872
			113,062				129,577				32,611

B.

Financial assets at fair value through profit or loss:

		December 31,
		2 0 1 7				2 0 1 6				2 0 1 7
		NIS				NIS				US Dollars
Financial assets carried at fair value through profit or loss (FVTPL):
Shares			44,494				35,091				12,834
Governmental loan and other bonds			87,905				58,249				25,355
Certificate of participation in mutual fund			11,115				11,581				3,205
			143,514				104,921				41,394

C.

Trade receivables:

(1)        Composition

 

		December 31,
		2 0 1 7				2 0 1 6				2 0 1 7
		NIS				NIS				US Dollars
Trade receivables(*)			88,324				82,382				25,476
Less - allowance for doubtful debts			2,381				2,155				687
			85,943				80,227				24,789

(*)

Less provision for returns in the sum of NIS 1,841 (as of December 31, 2016 - NIS 1,500).

The average credit period on sales of goods is 86 days.

Before accepting any new customer, the Group assesses the potential customer's credit quality and defines credit limits by customer. Credit limits are examined periodically based on the Company's collection experience with each customer and additional external information.

 

From total trade receivables balances as of December 31, 2017, the sum of NIS 7,932 is with respect to debt owed by significant customers. The Group does not have additional customers whose purchase from the Company exceeds 10% of the Revenues for the year ended December 31, 2017 (in 2016 - NIS 9,209).

(2)        Changes in the allowance for doubtful debts:

		December 31,
		2 0 1 7				2 0 1 6				2 0 1 7
		NIS				NIS				US Dollars
Balance at beginning of the year			2,155				3,448				622
Change in allowance doubtful debts(*)			226				(1,293	)			65
Balance at end of the year			2,381				2,155				687

(*)          See Note 24q.

 

D.

Other receivables and prepaid expenses:

The inventories are presented net of slow moving inventory provision in the amount of NIS 1,834 thousand and NIS 369 thousand on fiscal 2017 and fiscal 2016, respectively.