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Loans (Tables)

12 Months Ended

Dec. 31, 2019

Borrowings [abstract]

Schedule of Long-Term Loans

Composed as follows:

	Linkage		Interest				December
	term		rate 2019				31 2019
			%				€ in thousands
Bank loans	EURIBOR			1.6-3.5				25,620
	Consumer price index in Israel			4.65				19,323
Other long-term loans				2.5-5.5				48,377
								93,320

	Linkage		Interest				December
	term		rate 2018				31 2018
			%				€ in thousands
Bank loans	EURIBOR			1.6-3.5				42,545
	Consumer price index in Israel			4.65				18,843
Other long-term loans				2.5-5				4,704
								66,092

Schedule of Aggregate Annual Maturities

The aggregate annual maturities are as follows:

		December 31				December 31
		2019				2018
		€ in thousands
Second year			7,656				6,069
Third year			5,274				5,847
Fourth year			5,342				6,040
Fifth year			5,242				6,163
Sixth year and thereafter			65,668				36,109

Long-term loans			89,182				60,228
Current maturities			4,138				5,864
			93,320				66,092

Schedule of Movement in Liabilities Deriving from Financing Activities

Movement in liabilities deriving from financing activities

						Liabilities
						Loans and
		Note				borrowings				Debentures				Total
						€ in thousands
Balance as at January 1, 2019							66,092				51,343				117,435
Changes from financing cash flows
Proceeds from issue of debentures			12				-				22,317				22,317
Repayment of Debentures			12				-				(9,836	)			(9,836	)
Receipt of loans			11				63,821				-				63,821
Repayment of loans			11				(11,051	)			-				(11,051	)
Accrued interest			11				1,608				-				1,608
Transaction costs related to borrowings							223				2,101				2,324
Sale of Italian subsidiaries							(29,400	)			-				(29,400	)
Total net financing cash flows							91,293				65,925				157,218

Effect of changes in foreign exchange rates							2,027				5,659				7,686

Balance as at December 31, 2019							93,320				71,584				164,904