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Investee Companies and other investments (Tables) | 12 Months Ended
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Dec. 31, 2019
Disclosure of associates [abstract] |
Schedule of Composition of Investments | Composition of the investments
|  | December 31 |
|  | 2019 |  |  | 2018 |
|  | € in thousands |
Investment in shares |  |  | 23,580 |  |  |  | 19,641 |
Long-term loans |  |  | 10,595 |  |  |  | 8,774 |
Deferred interest |  |  | (614 | ) |  |  | (669 | )
|  |  | 33,561 |  |  |  | 27,746 |
Current Maturities of the long-term loans |  |  | - |  |  |  | 415 |
|  |  | 33,561 |  |  |  | 28,161
Schedule of Changes in Investments | Changes in investments
|  | 2019 |  |  | 2018 |
Changes in equity and loans: |  | € in thousands |
Balance as at January 1 |  |  | 28,161 |  |  |  | 30,820 |
Repayment of long term loans |  |  | (370 | ) |  |  | (4,576 | )
Interest and reevaluation in connection with long term loans |  |  | 782 |  |  |  | 1,079 |
Deferred interest |  |  | 54 |  |  |  | 52 |
Elimination of interest on loan from related party |  |  | (868 | ) |  |  | (1,130 | )
The Company’s share of income |  |  | 3,086 |  |  |  | 2,545 |
Foreign currency translation adjustments |  |  | 2,716 |  |  |  | (629 | )
Balance as at December 31 |  |  | 33,561 |  |  |  | 28,161 |
Summary of Information on Financial Position |
Summary information on financial position
|  | Rate of ownership |  |  | Current Assets |  |  | Non- current assets |  |  | Total assets |  |  | Current liabilities |  |  | Non- current liabilities |  |  | Total liabilities |  |  | Equity attributable to the owners of the Company |  |  | Company’s share |  |  | Surplus Costs and goodwill |  |  | Other Adjustments |  |  | Carrying Amount of investment |
|  |  | % |  | €in thousands |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dori Energy |  |  |  | 50 |  |  |  | 44 |  |  |  | 62,484 |  |  |  | 62,506 |  |  |  | (215 | ) |  |  | (20,852 | ) |  |  | (21,067 | ) |  |  | 41,483 |  |  |  | 20,742 |  |  |  | 3,269 |  |  |  | (431 | ) |  |  | 23,580 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dori Energy |  |  |  | 50 |  |  |  | 1,154 |  |  |  | 49,629 |  |  |  | 50,783 |  |  |  | (204 | ) |  |  | (18,005 | ) |  |  | (18,209 | ) |  |  | 32,574 |  |  |  | 16,287 |  |  |  | 3,376 |  |  |  | (22 | ) |  |  | 19,641 |
Summary of Information on Operating Results |
Summary information on operating results
|  | Rate of ownership as of December |  |  | 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 |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dori Energy |  |  | 50 |  |  |  | 5,281 |  |  |  | 2,640 |  |  |  | 868 |  |  |  | (422 | ) |  |  | 3,086 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dori Energy |  |  | 50 |  |  |  | 3,668 |  |  |  | 1,834 |  |  |  | 1,130 |  |  |  | (419 | ) |  |  | 2,545 |
Schedule of Composition of Advances on Account of Investments | Composition of Advances on account of investments
|  | December 31 |
|  | 2019 |  |  | 2018 |
|  | € in thousands |
On account of the Manara PSP |  |  | 883 |  |  |  | 798 |
|  |  | 883 |  |  |  | 798 |
Schedule of Composition Short-term and Long-term of Financial Assets | Composition of short-term and long-term financial assets
|  | December 31 |
|  | 2019 |  |  | 2018 |
|  | € in thousands |
Income receivable in connection with the A.R.Z. Electricity PSP |  |  | 1,418 |  |  |  | 1,282 |
|  |  | 1,418 |  |  |  | 1,282 |
Schedule of Sale of Italian Indirect Wholly-Owned Subsidiaries | Identifiable assets sold and liabilities assumed (based on provisional amounts as described hereunder): `
|  | December 31 2019 |
|  | € in thousands |
Cash and cash equivalents |  |  | 4,106 |
Trade and other receivables |  |  | 4,569 |
Deferred tax and advance tax payment and tax provision |  |  | 2,864 |
Fixed assets |  |  | 41,431 |
Restricted cash |  |  | 156 |
Right of use asset |  |  | 1,356 |
Trade and other payables |  |  | (2,458 | )
Loans and borrowings |  |  | (30,725 | )
Lease liability |  |  | (1,377 | )
Total net identifiable assets |  |  | 19,992 |
Capital gain |  |  | 18,770 |
|  |  | 38,692 |
Cash and cash equivalents |  |  | (4,106 | )
Proceeds from sale of investments |  |  | 34,586 |
Schedule of Identifiable Assets Acquired and Liabilities Assumed | Identifiable assets acquired and liabilities assumed (based on amounts as described hereunder):
|  | Acquisition date |
|  | € in thousands |
Asset 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 Israeli Electricity Authority for a period of 16 years, discounted at a weighted interest rate of 5.9% reflecting the credit risk of the debtor.
Schedule of Composition of Asset from Concession Project | Composition of Asset from concession project
|  | Asset from concession project |
|  | € in thousands |
Balance as at December 31, 2018 |  |  | 27,002 |
Total income recognized in profit or loss |  |  | 1,757 |
Proceeds from asset from concession project |  |  | (2,994 | )
Foreign Currency translation adjustments |  |  | 2,820 |
Balance as at December 31, 2019 |  |  | 28,585 |
Less current maturities |  |  | 1,463 |
Long-term Asset from concession project |  |  | 27,122 |

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