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Fixed assets | 12 Months Ended
--- | ---
Dec. 31, 2017
Disclosure of detailed information about property, plant and equipment [abstract] |
Fixed assets | Note 7 - Fixed assets
|  |  |  |  |  |  |  | Office |  |  |  |  |  |  |
|  | Photovoltaic |  |  | Biogas |  |  | furniture and |  |  | Leasehold |  |  |  |
|  | Plants |  |  | installations |  |  | equipment |  |  | Improvements |  |  | Total |
|  | € in thousands |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as at January 1, 2016 |  |  | 87,880 |  |  |  | - |  |  |  | 117 |  |  |  | 52 |  |  |  | 88,049 |
Additions |  |  | 41 |  |  |  | 5,081 |  |  |  | - |  |  |  | - |  |  |  | 5,122 |
Balance as at December 31, 2016 |  |  | 87,921 |  |  |  | 5,081 |  |  |  | 117 |  |  |  | 52 |  |  |  | 93,171 |
Balance as at January 1, 2017 |  |  | 87,921 |  |  |  | 5,081 |  |  |  | 117 |  |  |  | 52 |  |  |  | 93,171 |
Additions |  |  | 1 |  |  |  | 10,076 |  |  |  | 4 |  |  |  | - |  |  |  | 10,081 |
Balance as at December 31, 2017 |  |  | 87,922 |  |  |  | 15,157 |  |  |  | 121 |  |  |  | 52 |  |  |  | 103,252 |
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as at January 1, 2016 |  |  | 15,363 |  |  |  | - |  |  |  | 74 |  |  |  | 48 |  |  |  | 15,485 |
Depreciation for the year |  |  | 4,394 |  |  |  | - |  |  |  | 13 |  |  |  | 4 |  |  |  | 4,411 |
Effect of changes in exchange rates |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |
Balance as at December 31, 2016 |  |  | 19,758 |  |  |  | - |  |  |  | 87 |  |  |  | 52 |  |  |  | 19,897 |
Balance as at January 1, 2017 |  |  | 19,758 |  |  |  | - |  |  |  | 87 |  |  |  | 52 |  |  |  | 19,897 |
Depreciation for the year |  |  | 4,396 |  |  |  | 111 |  |  |  | 11 |  |  |  | - |  |  |  | 4,518 |
Balance as at December 31, 2017 |  |  | 24,154 |  |  |  | 111 |  |  |  | 98 |  |  |  | 52 |  |  |  | 24,415 |
Carrying amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As at January 1, 2016 |  |  | 72,517 |  |  |  | - |  |  |  | 43 |  |  |  | 4 |  |  |  | 72,564 |
As at December 31, 2016 |  |  | 68,163 |  |  |  | 5,081 |  |  |  | 30 |  |  |  | - |  |  |  | 73,274 |
As at December 31, 2017 |  |  | 63,768 |  |  |  | 15,046 |  |  |  | 23 |  |  |  | - |  |  |  | 78,837 |
Investment in Photovoltaic Plants Since March 4, 2010, the Company acquired seventeen photovoltaic plants located in Italy, Spain and Israel. In connection with the Company's PV Plants, the Company recorded as of December 31, 2017, fixed assets at an aggregate value of approximately €87,922 thousand, in accordance with actual costs incurred. Depreciation with respect to the PV Plants in Italy is calculated using the straight-line method over 20 years commencing from the connection to the national grid that represent the estimated useful lives of the assets. Depreciation with respect to the PV Plants in Spain is calculated using the straight-line method over 25 years starting connection to the national grid that represent the estimated useful lives of the assets. During the year ended December 31, 2017, the Company had recorded depreciation expenses with respect to its PV Plants in Italy and Spain of approximately €4,396 thousand. Presented hereunder are data regarding the Company’s investments in photovoltaic plants as at December 31, 2017 :
|  |  |  |  |  | Cost included in the
PV Plant Title |  | Nominal Capacity |  | Connection to Grid |  | Book value as at
|  |  |  |  |  | December 31, 2017
|  |  |  |  |  | € in thousands
“Troia 8” |  | 995.67 kWp |  | January 2011 |  | 3,502
“Troia 9” |  | 995.67 kWp |  | January 2011 |  | 3,478
“Del Bianco” |  | 734.40 kWp |  | April 2011 |  | 2,096
“Giaché” |  | 730.01 kWp |  | April 2011 |  | 2,767
“Costantini” |  | 734.40 kWp |  | April 2011 |  | 2,115
“Massaccesi” |  | 749.7 kWp |  | April 2011 |  | 2,750
“Galatina” |  | 994.43 kWp |  | May 2011 |  | 4,131
“Pedale |  | 2,993 kWp |  | May 2011 |  | 11,254
“Acquafresca” |  | 947.6 kWp |  | June 2011 |  | 3,165
“D‘Angella” |  | 930.5 kWp |  | June 2011 |  | 3,119
“Soleco” |  | 5,924 kWp |  | August 2011 |  | 15,335
“Technoenergy” |  | 5,900 kWp |  | August 2011 |  | 15,196
“Ellomay Spain – Rinconada II” |  | 2,275 kWp |  | June 2010 |  | 5,509
“Rodríguez I” |  | 1,675 kWp |  | November 2011 |  | 3,662
“Rodríguez II” |  | 2,691 kWp |  | November 2011 |  | 6,631
“Fuente Librilla” |  | 1,248 kWp |  | June 2011 |  | 3,212
Investment in Biogas Installations In connection with the Company's Biogas Installations (see Note 6C 3), the Company recorded as of December 31, 2017, fixed assets at an aggregate value of approximately €15,157 thousand of which €633 thousand will be paid in 2018, in accordance with actual costs incurred. Depreciation with respect to the Biogas Installations is calculated using the straight-line method over 12 years commencing from the connection to the national grid that represent the estimated useful lives of the assets. During the year ended December 31, 2017, the Company had recorded depreciation expenses with respect to its Biogas Installations in the Netherlands of approximately €111 thousand. Capitalized borrowing costs In the reporting period borrowing costs in the amount of Euro 336 thousand were capitalized to qualifying assets.

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