Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Trade and Other Receivables and Assets

v3.19.1
Trade and Other Receivables and Assets
12 Months Ended
Dec. 31, 2018
Trade and other receivables [abstract]  
Trade and Other Receivables and Assets
    December 31   
   
2018
   
2017
 
   
€ in thousands
 
Current Assets - Other receivables:
           
Government authorities
   
2,706
     
2,306
 
Income receivable
   
3,830
     
3,436
 
Interest receivable
   
6
     
153
 
Current tax
   
195
     
48
 
Current Maturities of loan to an equity accounted investee
   
415
     
3,165
 
Trade receivable
   
156
     
407
 
Forward contracts (1)
   
529
     
580
 
Loan to others (2)
   
3,500
     
-
 
Prepaid expenses and other
   
1,286
     
550
 
     
12,623
     
10,645
 
Non-current Assets  - Long term receivables:
               
Advance tax payment
   
996
     
1,078
 
Forward contracts
   
-
     
12
 
Annual rent deposits
   
27
     
30
 
Other
   
432
     
415
 
     
1,455
     
1,535
 
 
 
(1)
The Company closed euro/USD forward contracts with an accumulated profit of approximately €529 thousand (approximately $606 thousand) that are expected to be received between January and March 2019 (depending on the relevant dates of the forward positions).
 
  (2)
In November 2018, Talasol Solar S.L.U, which is promoting the construction of a photovoltaic plant with a peak capacity of 300 MW, provided an amount of €3,500 thousand to METKA EGN Limited, the EPC contractor, for the purpose of securing or executing main supply contracts for the execution of the EPC agreement with Metka. This amount will be repaid either out of the first payment to Metka under the EPC agreement or ten days after the deadline to provide a notice to proceed under the EPC agreement in the event such notice is not granted. We received a bank guarantee from Metka for the prepayment amount.