6. Employee early retirement expenses: Provision for early retirement plan
of employees at the Company's Israeli manufacturing sites.
7. Provisions in tax expenses related to prior years' activities: Provisions
in respect of tax expenses related to activities of prior years.
8. Capital gain recognized on acquisition of control of an equity investee:
On 1 July 2020, the Company acquired the remaining 51% stake in Alfa
Agricultural Supplies, S.A., and in so doing, gained control over the
company which previously was accounted for as an equity investee. As a
result of the change of consolidation scope, the Company recognized a
one-time, non-cash, capital gain.
9. Non-core assets impairment: One-time, non-cash charge due to closure or
impairment of peripheral, non-material assets
10. Revaluation of non-cash adjustment related to non-controlling interest:
Relates to put options issued to non-controlling interests as part of
historical business combinations which took place before January 1, 2010.
The put options are presented as a liability at the present value of the
future exercise price. The revaluation of these put options in Solutions
is recognized under IFRS to Goodwill, but due to the acquisition of
Solutions by the Company in 2017, which is treated from an accounting
perspective as a "Business Combination Under Common Control", such
revaluation is recorded as a profit or loss item in the financial reports
of the Company. The revaluations of such put options have no bearing on
the ongoing performance of the Company and are therefore removed from the
Adjusted performance figures.
Exchange Rate Data for the Company's Principal Functional Currencies
Sept 30 Q3 Average 9M Average
2021 2020 Change 2021 2020 Change 2021 2020 Change
EUR/USD 1.157 1.170 -1.11% 1.179 1.169 0.91% 1.198 1.123 6.74%
USD/BRL 5.439 5.641 3.57% 5.229 5.380 2.81% 5.323 5.076 -4.87%
USD/PLN 3.993 3.866 -3.28% 3.873 3.802 -1.86% 3.793 3.939 3.73%
USD/ZAR 15.060 16.920 10.99% 14.628 16.914 13.51% 14.460 16.747 13.66%
AUD/USD 0.719 0.712 1.08% 0.735 0.655 12.26% 0.761 0.675 12.84%
GBP/USD 1.344 1.282 4.84% 1.379 1.241 11.13% 1.388 1.270 9.27%
USD/ILS 3.229 3.441 6.16% 3.234 3.418 5.39% 3.259 3.477 6.28%
USD
LIBOR
3M 0.13% 0.23% -44.38% 0.13% 0.25% -50.12% 0.16% 0.80% -79.79%
Sept 30 Q3 Average 9M Average
2021 2020 Change 2021 2020 Change 2021 2020 Change
USD/RMB 6.485 6.810 -4.77% 6.470 6.919 -6.49% 6.470 6.993 -7.47%
EUR/RMB 7.504 7.967 -5.82% 7.630 8.086 -5.64% 7.749 7.850 -1.28%
RMB/BRL 0.839 0.828 -1.26% 0.808 0.778 -3.94% 0.824 0.726 -13.55%
RMB/PLN 0.616 0.568 -8.45% 0.599 0.549 -8.93% 0.586 0.563 -4.10%
RMB/ZAR 2.322 2.485 6.54% 2.261 2.444 7.51% 2.236 2.395 6.64%
AUD/RMB 4.664 4.845 -3.74% 4.755 4.948 -3.90% 4.909 4.718 4.05%
GBP/RMB 8.716 8.729 -0.16% 8.921 8.935 -0.16% 8.976 8.883 1.06%
RMB/ILS 0.498 0.492 -1.14% 0.500 0.494 -1.18% 0.504 0.497 -1.34%
RMB
LIBOR
3M 2.43% 2.69% -9.66% 2.39% 2.53% -5.87% 2.54% 2.22% 14.14%
[1] For an analysis of the differences between the adjusted income statement items and the income statement items as reported in the financial statements, see below "Analysis of Gaps between Adjusted Income Statement and Income Statement in Financial Statements".
([2]) The number of shares used to calculate both basic and diluted earnings per share in Q3 and 9M 2020 is 2,378.3 million shares and 2,423.8 million shares, respectively. The number of shares used to calculate both basic and diluted earnings per share in Q3 and 9M 2021 is 2,329.8 million shares, reflecting the repurchase and cancellation of 102.4 million shares from CNAC in July 2020 and repurchase and cancellation of 14.3 million B shares during the second half of 2020.
[3] For an analysis of the differences between the adjusted income statement items and the income statement items as reported in the financial statements, see below "Analysis of Gaps between Adjusted Income Statement and Income Statement in Financial Statements".
([4]) The number of shares used to calculate both basic and diluted earnings per share in Q3 and 9M 2020 is 2,378.3 million shares and 2,423.8 million shares, respectively. The number of shares used to calculate both basic and diluted earnings per share in Q3 and 9M 2021 is 2,329.8 million shares, reflecting the repurchase and cancellation of 102.4 million shares from CNAC in July 2020 and repurchase and cancellation of 14.3 million B shares during the second half of 2020.
View original content:https://www.prnewswire.com/news-releases/adama-reports-results-of-third-quarter-and-first-nine-months-of-2021-301409743.html
SOURCE ADAMA Ltd.
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