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Consolidated Statements of Cash Flows
€ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2019
EUR (€)
Dec. 31, 2018
EUR (€)
Dec. 31, 2017
EUR (€)
Cash flows from operating activities        
Profit (loss) for the year | €   € 9,784 € 604 € (6,641)
Adjustments for:        
Financing expenses, net | €   8,153 2,091 9,228
Capital gain | €   (18,770)
Depreciation and amortization | €   6,416 5,816 4,518
Share-based payment transactions | €   8 5 5
Share of profits of equity accounted investees | €   (3,086) (2,545) (1,531)
Payment of interest on loan from an equity accounted investee | €   370 3,036 407
Change in trade receivables and other receivables | €   403 (17) 2,012
Change in other assets | €   (1,950) 37 126
Change in asset from concessions project | €   1,329 1,431 (84)
Change in accrued severance pay, net | €   9 15 2
Change in trade payables | €   461 633 (258)
Change in other payables | €   5,336 (1,565) (2,655)
Taxes on income (tax benefit) | €   (287) 215 372
Income taxes paid | €   (100) (77) (42)
Interest received | €   1,719 1,835 505
Interest paid | €   (6,083) (4,924) (3,659)
Total adjustment to reconcile profit and loss | €   (6,072) 5,986 8,946
Net cash provided by operating activities | €   3,712 6,590 2,305
Cash flows from investing activities:        
Acquisition of fixed assets | €   (74,587) (3,708) (7,576)
Acquisition of subsidiary, net of cash acquired | €   (1,000) (1,000) (9,851)
Repayment of loan from an equity accounted investee | €   1,540
Proceeds from sale of investments | €   34,586
Advances on account of investments | €       (8,000)
Proceeds from marketable securities | €   3,316 1,277
Acquisition of marketable securities | €   (6,677)
Proceeds from settlement of derivatives, net | €   532 664 620
Proceed (investment) in restricted cash, net | €   (26,003) (3,107) 3,225
Investment in short term deposit | €   (6,302)
Repayment (grant) Loan to others | €   3,912 (3,500) (361)
Net cash used in investing activities | €   (68,862) (5,795) (27,343)
Cash flows from financing activities:        
Repayment of long-term loans and finance lease obligations | €   (5,844) (17,819) (2,224)
Repayment of Debentures | €   (9,836) (4,668) (4,842)
Cost associated with long term loans | €   (12,218)
Proceeds from options | €   19
Sale of shares in subsidiaries to non-controlling interests | €   13,936
Acquisition of shares in subsidiaries from non-controlling interests | €   (2,961)
Issuance of ordinary shares | €   7,807
Repurchase of own shares | €   (14)
Proceeds from long term loans, net | €   59,298 34,745 5,575
Proceeds from issuance of debentures, net | €   22,317 31,175
Net cash from financing activities | €   72,518 12,258 29,670
Effect of exchange rate fluctuations on cash and cash equivalents | €   259 (133) (3,156)
Increase in cash and cash equivalents | €   7,627 12,920 1,476
Cash and cash equivalents at the beginning of year | €   36,882 23,962 22,486
Cash and cash equivalents at the end of the year | €   € 44,509 € 36,882 € 23,962
USD [Member]        
Cash flows from operating activities        
Profit (loss) for the year | $ $ 10,978      
Adjustments for:        
Financing expenses, net | $ 9,149      
Capital gain | $ (21,063)      
Depreciation and amortization | $ 7,200      
Share-based payment transactions | $ 9      
Share of profits of equity accounted investees | $ (3,463)      
Payment of interest on loan from an equity accounted investee | $ 415      
Change in trade receivables and other receivables | $ 452      
Change in other assets | $ (2,188)      
Change in asset from concessions project | $ 1,491      
Change in accrued severance pay, net | $ 10      
Change in trade payables | $ 517      
Change in other payables | $ 5,988      
Taxes on income (tax benefit) | $ (322)      
Income taxes paid | $ (112)      
Interest received | $ 1,929      
Interest paid | $ (6,826)      
Total adjustment to reconcile profit and loss | $ (6,814)      
Net cash provided by operating activities | $ 4,164      
Cash flows from investing activities:        
Acquisition of fixed assets | $ (83,699)      
Acquisition of subsidiary, net of cash acquired | $ (1,122)      
Repayment of loan from an equity accounted investee | $      
Proceeds from sale of investments | $ 38,811      
Advances on account of investments | $      
Proceeds from marketable securities | $      
Acquisition of marketable securities | $      
Proceeds from settlement of derivatives, net | $ 597      
Proceed (investment) in restricted cash, net | $ (29,180)      
Investment in short term deposit | $ (7,072)      
Repayment (grant) Loan to others | $ 4,390      
Net cash used in investing activities | $ (77,275)      
Cash flows from financing activities:        
Repayment of long-term loans and finance lease obligations | $ (6,558)      
Repayment of Debentures | $ (11,038)      
Cost associated with long term loans | $ (13,711)      
Proceeds from options | $ 21      
Sale of shares in subsidiaries to non-controlling interests | $ 15,638      
Acquisition of shares in subsidiaries from non-controlling interests | $ (3,323)      
Issuance of ordinary shares | $ 8,761      
Repurchase of own shares | $      
Proceeds from long term loans, net | $ 66,542      
Proceeds from issuance of debentures, net | $ 25,043      
Net cash from financing activities | $ 81,375      
Effect of exchange rate fluctuations on cash and cash equivalents | $ 294      
Increase in cash and cash equivalents | $ 8,558      
Cash and cash equivalents at the beginning of year | $ 41,388      
Cash and cash equivalents at the end of the year | $ $ 49,946