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Investee Companies and other investments (Tables)
12 Months Ended
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