UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2005
BARAK I.T.C. (1995) - THE INTERNATIONAL TELECOMMUNICATIONS SERVICES CORP. LTD.
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(Translation of registrant's name into English)
15 Hamelacha Street, Rosh Ha'ayin 48091, Israel
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(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [_] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BARAK I.T.C. LTD.
By: /s/ Eyal Vardi
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Eyal Vardi
CFO
Date: December 2, 2005
[BARAK I.T.C. LTD. LOGO]
CONDENSED STATEMENTS OF OPERATIONS
FOR THE THREE FOR THE THREE
MONTHS ENDED MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
2005 2004
(UNAUDITED) (UNAUDITED)
REPORTED AMOUNTS REPORTED AMOUNTS
(IN MILLIONS) (IN MILLIONS)
----- -----
REVENUES 171.4 182.9
EXPENSES 145.1 157.3
OPERATING PROFIT BEFORE
FINANCIAL RESTRUCTURING COSTS 26.3 25.6
FINANCIAL RESTRUCTURING COSTS 8.2 0.4
OPERATING PROFIT 18.1 25.2
FINANCIAL EXPENSES, NET 16.2 15.6
NET PROFIT FOR THE PERIOD 1.9 9.6
EBITDA 27.5 35.6
CONDENSED STATEMENT OF BALANCE SHEET
SEPTEMBER 30, DECEMBER 31,
2005 2004
(UNAUDITED) (AUDITED)
REPORTED AMOUNTS REPORTED AMOUNTS
(IN MILLIONS) (IN MILLIONS)
----- -----
CASH 69.2 63.7
OTHER CURRENT ASSETS 159.1 156.5
OTHER ASSETS, NET 206.5 227.3
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TOTAL ASSETS 434.8 447.5
CURRENT LIABILITIES 974.4 923.9
LONG TERM LIABILITIES 27.0 50.7
SHAREHOLDERS' EQUITY (566.6) (527.1)
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434.8 447.5
CONDENSED STATEMENT OF CASH FLOWS
FOR THE THREE FOR THE THREE
MONTHS ENDED MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
2005 2004
(UNAUDITED) (UNAUDITED)
REPORTED AMOUNTS REPORTED AMOUNTS
(IN MILLIONS) (IN MILLIONS)
---- ----
CASH FLOWS FROM OPERATING ACTIVITIES (12.9) 32.8
CASH FLOWS USED IN INVESTING ACTIVITIES (19.7) (10.3)
CASH FLOWS FROM FINANCING ACTIVITIES 6.4 (3.0)
BALANCE OF CASH AT BEGINNING OF PERIOD 95.4 46.1
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BALANCE OF CASH AT END OF PERIOD 69.2 65.6