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

Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss)

v3.19.1
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2018
Disclosure of Details of Statements of Profit or Loss and Other Comprehensive Income Loss [Abstract]  
Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss)
Note 18 - Details of the Statements of Profit or Loss and Other Comprehensive Income (Loss)

A.          Financing income and expenses:

1.           Financing income
 
   
For the year ended December 31
 
   
2018
   
2017
   
2016
 
   
€ in thousands
 
Interest Income and consumer price index in Israel in conection to concession project
   
1,948
     
789
     
-
 
Interest income
   
291
     
544
     
263
 
Change in fair value of derivatives, net
   
494
     
-
     
636
 
Gain from exchange rate differences, net
   
697
     
-
     
-
 
Total financing income
   
3,430
     
1,333
     
899
 
 
2.           Financing expenses
 
   
For the year ended December 31
 
   
2018
   
2017
   
2016
 
   
€ in thousands
 
Change in fair value of derivatives, net
   
-
     
3,156
     
-
 
Swap interest
   
206
     
110
     
607
 
Debentures interest and related expenses
   
2,604
     
2,753
     
1,990
 
Interest on loans
   
2,330
     
776
     
504
 
Loss from exchange rate differences, net
   
-
     
3,586
     
81
 
Consumer price index in Israel for loan
   
171
     
-
     
-
 
Bank charges and other commissions
   
210
     
180
     
151
 
Total financing expenses
   
5,521
     
10,561
     
3,333
 

   B.           Operating Costs, Depreciation and Amortization
 
 
 
For the year ended December 31
 
 
 
2018
   
2017
   
2016
 
 
 
€ in thousands
 
Depreciation
   
5,500
     
4,518
     
4,411
 
Amortization
   
316
     
-
     
-
 
Professional services
   
375
     
210
     
104
 
Annual rent
   
390
     
267
     
233
 
Operating and maintenance services
   
4,942
     
1,574
     
1,287
 
Insurance
   
245
     
203
     
194
 
Other
   
390
     
295
     
264
 
Total operating costs
   
12,158
     
7,067
     
6,493
 

C.          General and administrative expenses
 
   
For the year ended December 31
 
   
2018
   
2017
   
2016
 
   
€ in thousands
 
Salaries and related compensation
   
1,016
     
1,030
     
1,027
 
Professional services
   
2,185
     
1,255
     
1,480
 
Other
   
399
     
135
     
(475
)
Total general and administrative expenses
   
3,600
     
2,420
     
2,032
 
 
D.            Other income (expense), net
 
   
For the year ended December 31
 
   
2018
   
2017
   
2016
 
   
€ in thousands
 
Other income in connection with the A.R.Z. electricity pumped storage project (see Note 6)
   
73
     
18
     
56
 
Compensation from contractor (*)
   
811
     
-
     
-
 
Other
   
-
     
-
     
34
 
Total other income, net
   
884
     
18
     
90
 
 
(*) Compensation from EPC and O&M contractor of the Company's Bio Gas projects in Netherlands due to deficiencies in the operation of these projects.  
 
E.            Revenues
 
   
For the year ended December 31
 
   
2018
   
2017
   
2016
 
   
€ in thousands
 
Revenues from the sale of solar electricity
   
12,593
     
13,150
     
11,632
 
Revenues from the sale of gas and power produced by anaerobic digestion plants
   
4,483
     
303
     
-
 
Revenues from concessions project
   
1,041
     
183
     
-
 
Total Revenues
   
18,117
     
13,636
     
11,632