august 2011 report on the government companies for the year 2010
TRANSCRIPT
August 2011August 2011
Report on Report on the Government Companiesthe Government Companies
for the Year 2010for the Year 2010
›#‹ The Government Companies Authority
The Government Companies The Government Companies in Figures in 2010in Figures in 2010
96 government companies and NPOs Approximately NIS 58 billion in revenues in 2010 A balance of approximately NIS 169 billion as at
December 31, 2010 Approximately 57,600 employees at the companies
as at December 31, 2010 Approximately NIS 14.6 billion in export revenues
›#‹ The Government Companies Authority
The Companies Authority –The Companies Authority –General StructureGeneral Structure
›#‹ The Government Companies Authority
The Companies’ Spheres ofThe Companies’ Spheres ofActivityActivity
›#‹ The Government Companies Authority
The Companies’ Spheres ofThe Companies’ Spheres ofActivityActivity Distribution of the Population of the Government Companies and Involvement by Operating Sector
Housing, development and real estate
Insurance and funds
Electricity, gas, fuel and water infrastructures
Defense industries
Road and railway industries
Ports
Other services
›#‹ The Government Companies Authority
Aggregate BalanceAggregate Balance
Summary of the government companies’ aggregate balance
As of December 31, 2010
As of December 31, 2009
In NIS Millions
Current Assets40,26338,550
Non-current Assets128,524127,424
Total Assets168,787165,974
Current Liabilities38,86233,507
Non-current Liabilities 89,83592,509
Equity 40,09039,958
Total capital and liabilities
168,787165,974
›#‹ The Government Companies Authority
Aggregate BalanceAggregate Balance(continued)(continued)Distribution of the government companies’ balance as at December 31, 2010 in NIS millions
20102009In NIS Millions
The Israel Electric Corporation 79,267 81,602
Israel Railways 19,591 18,095
Israel Aerospace Industries 15,846 15,021
Mekorot 13,464 12,958
Rafael 7,043 6,459
The Israel Ports Company 5,721 5,598
Israel Posts 4,307 4,034
The Ashdod Port Company 3,793 3,730
Israel Natural Gas Lines 3,634 3,047
The remaining companies 16,121 15,431
Total 168,787 165,974
›#‹ The Government Companies Authority
Distribution of the government companies’ balance as at December 31, 2010 in NIS millions
The Israel Electric Corporation
Israel Railways
Israel Aerospace Industries
Mekorot
Rafael
The Israel Ports Company
Israel Posts
The Ashdod Port Company
Israel Natural Gas Lines
The remaining companies
Aggregate BalanceAggregate Balance(continued)(continued)
›#‹ The Government Companies Authority
Selected data from the government companies’ aggregate balance
As of December 31, 2010
As of December 31, 2009
In NIS Millions
Cash and cash equivalents11,72511,207
Customers10,54610,266
Long-term investments and accounts receivable
22,07121,791
Fixed Assets98,79798,476
Other accounts payable22,41019,754
Bonds34,79438,453
Other long-term liabilities34,93232,265
Aggregate BalanceAggregate Balance(continued)(continued)
›#‹ The Government Companies Authority
Financial Data Financial Data
Financial data from the Government Companies Report:
The Government Companies’ Results:20102009
In NIS Millions
Total revenues57,78855,368
Total net profit8,8709,672
Total operating profit3,3064,512
Total net profit1,0232,567
The State’s share in the profit9972,533
The State’s share in the dividend that was paid
366351
Total profit of those companies that make a profit
1,9683,266
Total loss of losing companies 945699
›#‹ The Government Companies Authority
Breakdown of revenues by activity sector
Electricity, gas, fuel and water infrastructures
Defense industries
Road and railway infrastructures
Ports
Housing, development and real estate
Other services
Insurance and funds
Financial DataFinancial Data(continued)(continued)
›#‹ The Government Companies Authority
Breakdown of the revenues of the main companies 20102009
In NIS Millions
The Israel Electric Corporation19,42219,304
Israel Aerospace Industries 11,75211,329
Rafael 6,9116,321
Mekorot4,5414,123
Israel National Roads Company (INRC)
3,6883,589
Israel Military Industries 1,7441,901
Israel Railways1,7211,574
Israel Posts1,1431,652
The remaining companies 6,8665,575
Total57,78855,368
Financial DataFinancial Data(continued)(continued)
›#‹ The Government Companies Authority
Distribution of Government Companies’ Revenues in 2010 in NIS millions
The Israel Electric Corporation
Rafael
INRC
Israel Railways
The Port of Ashdod
The Port of Haifa
Oil and Energy Infrastructures
Israel Aerospace Industries
Mekorot
Israel Military Industries
Israel Posts
The Israel Ports Company
Israel Natural Gas Lines
The remaining companies
Financial DataFinancial Data(continued)(continued)
›#‹ The Government Companies Authority
The Government Companies’ Results in 2009-2010 (in NIS millions)
Gross profitOperating profit
Net profit
Financial DataFinancial Data(continued)(continued)
›#‹ The Government Companies Authority
Breakdown of the change in net profit (in NIS millions)
Agriculture Bank
The remaining
companies
The Israel Electric
Corporation
Israel Natural
Gas Lines
Rafael Israel Military
Industries
Israel Aerospace Industries
Israel Posts
Oil and Energy Infra-
structures
Israel Railways
The Ashdod
Port Company
Financial DataFinancial Data(continued)(continued)
›#‹ The Government Companies Authority
Distribution of the Government Companies’ Revenues from exports (in NIS millions )
Operating Sector20102009
Defense industries 14,514 12,890 Housing, development and real estate 49 28 Other services 2 2 Total 14,565 12,920
Financial DataFinancial Data(continued)(continued)
›#‹ The Government Companies Authority
Data on the government companies that distributed a dividend to the State (in NIS millions)
Company20102009Rafael 303.7 Israel Aerospace Industries 56.8 87.4 The Marine Trust Ltd 2.5 Arim Municipal Development Company 2.6 2.2 Atarim 0.9 The Haifa Port Company 109.4 The Ashdod Port Company 67.6 The Eilat Port Company 47.0 Oil and Energy Infrastructures 37.5 Environmental Quality Services 0.6
Financial DataFinancial Data(continued)(continued)
›#‹ The Government Companies Authority
The Government Companies’ The Government Companies’ EmployeesEmployees
Distribution of the government companies’ employees as at December 31, 2010
CompanyNumber of Employees
Israel Aircraft Industries 16,815
The Israel Electric Corporation 12,896
Israel Posts 6,780
Rafael 6,142
Israel Military Industries 3,402
Mekorot 2,458
Israel Railways 2,117
The Ashdod Port Company 1,284
The Haifa Port Company 1,101
The remaining companies 4,619
Total 57,614
›#‹ The Government Companies Authority
Distribution of the government companies’ employees as at December 31, 2010
Israel Aerospace Industries
The Israel Electric Corporation
Israel Posts
Rafael
Israel Military Industries
Mekorot
Israel Railways
The Ashdod Port Company
The Haifa Port Company
The remaining companies
The Government Companies’ The Government Companies’ EmployeesEmployees
›#‹ The Government Companies Authority
Salary Cost at the Government Salary Cost at the Government CompaniesCompanies
The average salary cost per employee in the economy in 2010 was NIS 99,000The average salary cost per employee at a government company is NIS 284,100
CompanySalary cost (in NIS thousands)
The Israel Ports Company421.4
The Ashdod Port Company 404.3
Rafael 380.9
The Haifa Port Company365.4
The Israel Electric Corporation321.3
Israel Aerospace Industries310.9
Israel Natural Gas Lines261.6
INRC257.4
Mekorot252.6
›#‹ The Government Companies Authority
Data on the salary cost per employee at the main government companies
Average salary cost
in government
companies
Average salary cost
in the market
Salary Cost at the Government Salary Cost at the Government CompaniesCompanies
Israel Natural Gas Lines
The Israel Ports
Company
INRC The Ashdod Port
Company
Rafael Israel Aerospace Industries
The Haifa Port
Company
Mekorot The Israel Electric
Corporation
›#‹ The Government Companies Authority
Investment in State Investment in State InfrastructuresInfrastructuresThe State’s investment in infrastructures by means of the government
companies:
Sphere of investmentInvestment in the years ofProjected future investment (in NIS billions)
Electricity2011-201540
The water sector2010-202034
Israel Railways2008-202029
INRC2011-201626
Netivei Israel2010-202027
Israel Natural Gas Lines2011-20153
NTA – Metropolitan Mass Transit System
2011-201711
Total170
›#‹ The Government Companies Authority
The Government Companies’ Investments in Development 2009-2010 (in NIS millions)
Company20102009
INRC 3,500 3,400
The Israel Electric Corporation 3,0503,798
Israel Railways 1,9781,691
Mekorot 653 971
Israel Natural Gas Lines 226522
Investment in State Investment in State InfrastructuresInfrastructures
›#‹ The Government Companies Authority
The Government Companies in The Government Companies in FiguresFigures
Total 96 government companies
64 active government companies 10 main subsidiaries 18 mixed companies 4 governmental NPOs
›#‹ The Government Companies Authority
INRC (Israel National RoadsINRC (Israel National RoadsCompany)Company)
Data on the growth in INRC’s turnover (in NIS millions)