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

Investee Companies and other investments (Tables)

v3.8.0.1
Investee Companies and other investments (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of associates [abstract]  
Schedule of Composition of Investments
   
December 31
 
   
2017
   
2016
 
   
€ in thousands
 
             
Investment in shares
   
18,515
     
18,578
 
Long-term loans
   
9,860
     
11,468
 
Deferred interest
   
(720
)
   
(773
)
     
27,655
     
29,273
 
Current Maturities of the long-term loans
   
3,165
     
1,236
 
     
30,820
     
30,509
 
Schedule of Changes in Investments
   
2017
   
2016
 
    € in thousands  
Changes in equity and loans:
   
Balance as at January 1
   
30,509
     
34,028
 
Exercise of the option to acquire additional shares
   
-
     
556
 
Grant of long term loans
   
-
     
154
 
Repayment of long term loans
   
(407
)
   
(7,034
)
Interest on long term loans
   
1,104
     
1,192
 
Deferred interest
   
54
     
51
 
Elimination of interest on loan from related party
   
(1,158
)
   
(1,244
)
The Company’s share of income
   
1,531
     
1,375
 
Foreign currency translation adjustments
   
(813
)
   
1,431
 
Balance as at December 31
   
30,820
     
30,509
 
Summary of Information on Financial Position
Summary information on financial position
 
                                                               
                                   
Equity
                         
   
Rate of
   
Current
   
Non-current
   
Total
   
Current
   
Non-current
   
Total
   
attributable to
the owners of the
   
Company’s
   
Surplus
Costs and
   
Other
   
Carrying
Amount of
 
   
ownership
   
Assets
   
assets
   
assets
   
liabilities
   
liabilities
   
liabilities
   
Company
   
share
   
goodwill
   
Adjustments
   
investment
 
   
%
   
€ in thousands
 
2017
                                                                       
Dori Energy
   
50
     
8,013
     
47,959
     
55,972
     
(51
)
   
(26,006
)
   
(26,057
)
   
29,915
     
14,958
     
3,925
     
(367
)
   
18,515
 
                                                                                                 
2016
                                                                                               
Dori Energy
   
50
     
4,511
     
50,036
     
54,547
     
(3,956
)
   
(21,628
)
   
(25,584
)
   
28,963
     
14,481
     
4,481
     
(384
)
   
18,578
 
Summary of Information on Operating Results
Summary information on operating results
 
   
Rate of ownership as
of December 31, 2016
   
Income
for the year
   
Company’s
share
   
Elimination of interest on loan from related
party
   
Other
Adjustments
   
Company’s
share of income
of investee
 
                         
   
%
   
€ in thousands
 
2017
                                   
Dori Energy
   
50
     
1,751
     
876
     
1,158
     
(503
)
   
1,531
 
2016
                                               
Dori Energy
   
50
     
490
     
245
     
1,244
     
(114
)
   
1,375
 
Schedule of Composition of Advances on Account of Investments
Composition of Advances on account of investments
 
   
December 31
 
   
2017
   
2016
 
   
€ in thousands
 
On account of the Manara PSP
   
825
     
812
 
     
825
     
812
Schedule of Composition Short-term and Long-term of Financial Assets
Composition of short-term and long-term financial assets
 
   
December 31
 
   
2017
   
2016
 
   
€ in thousands
 
Income receivable in connection with the Erez Electricity PSP
   
1,249
     
1,265
 
     
1,249
     
1,265
 
Schedule of Identifiable Assets Acquired and Liabilities Assumed
Identifiable assets acquired and liabilities assumed (based on amounts as described hereunder):
 
   
Acquisition date
 
   
€ in thousands
 
       
Receivable from concessions project
   
28,927
 
Intangible asset
   
5,505
 
Restricted cash
   
1,795
 
Long-term loan
   
(21,370
)
Working Capital, net (excluding cash and cash equivalents)
   
(119
)
Deferred tax
   
(4,887
)
Total net identifiable assets
   
9,851
 
Schedule of Aggregate Cash Flows Derived
The aggregate cash flows derived for the Company as a result of the acquisition:
 
   
€ in thousands
 
Cash and cash equivalents paid
   
11,815
 
Less - cash and cash equivalents of the subsidiary
   
(1,964
)
     
9,851
 
 
(*)The fair value of the income receivable in connection with concession project was calculated according to the cash flows expected to be received from the Israel Electricity Authority for a period of 16 years, discounted at a weighted interest rate of 5.9% reflecting the credit risk of the debtor.