Business Context and Reporting Period
This Form 6-K filing by Ellomay Capital Ltd. (Israel) is dated November 2, 2009. The report provides supplemental information regarding the composition of general and administrative (G&A) expenses for the six-month period ended June 30, 2009, following the publication of unaudited interim consolidated financial statements on September 30, 2009.
Key Financial Metrics
The filing details the breakdown of G&A expenses for the six months ended June 30, 2009, totaling $1,122,000. The filing does not provide data on revenue, net profit, cash flow, margins, debt, or liquidity.
| Expense Category | Recurring ($000s) | Nonrecurring ($000s) | Total ($000s) |
|---|---|---|---|
| Payroll and related benefits | 148 | 230 | 378 |
| Professional services | 455 | 209 | 664 |
| Rent and other facilities | 103 | - | 103 |
| Other | 45 | (68) | (23) |
| Total G&A Expenses | 751 | 371 | 1,122 |
Note: The "Other" category includes a nonrecurring credit of $68,000 representing rent income from a sublease of a liquidated subsidiary expiring in January 2011.
Material Changes
The filing does not provide comparative data for the prior period to assess material changes in expense composition or amounts.
Guidance, Outlook, and Risks
Management explicitly states that the data presented is not necessarily indicative of future G&A expense composition or amounts. The Company cautions investors not to place undue reliance on this data and undertakes no obligation to publish similar data in the future. No specific guidance, outlook, or discussion of risks beyond this disclaimer is provided in this document.
Investor Verification Checklist
- Verify the full unaudited interim consolidated financial statements for the period ended June 30, 2009, to obtain revenue, profit, and liquidity metrics not included in this summary.
- Confirm the status and expected liquidation timeline of the subsidiary generating the sublease rent income.
- Review subsequent filings to determine if the nonrecurring expenses (totaling $371,000) were one-time events or indicative of ongoing restructuring costs.