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Loans (Tables)

12 Months Ended

Dec. 31, 2020

Borrowings [abstract]

Schedule of Long-Term Loans

Composed as follows:

		Linkage				Interest rate			December 31				December 31
		terms				2019 and 2020			2020				2019
						%			€ in thousands
Bank loans		EURIBOR				2-3.55				127,470				25,620
		Consumer price index in Israel				4.65				17,282				19,323
										144,752				44,943

		Linkage				Interest rate			December 31				December 31
		terms				2019 and 2020			2020				2019
						%			€ in thousands
Other long term loans		EURIBOR				5.27				47,563				46,622
						2-3%				5,854				1,755
										53,417				48,377

Schedule of Aggregate Annual Maturities

The aggregate annual maturities are as follows:

		December 31				December 31
		2020				2019
		€ in thousands
Second year			12,910				7,656
Third year			13,034				5,274
Fourth year			12,539				5,342
Fifth year			13,264				5,242
Sixth year and thereafter			132,169				65,668

Long-term loans			183,916				89,182
Current maturities			14,253				4,138
			198,169				93,320

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, 2020							93,320				71,584				164,904
Changes from financing cash flows
Proceeds from issue of debentures			12				-				38,057				38,057
Repayment of Debentures			12				-				(26,923	)			(26,923	)
Receipt of loans			11				111,357				-				111,357
Repayment of loans			11				(3,959	)			-				(3,959	)
Accrued interest			11				822				-				822
Transaction costs related to borrowings							(9,538	)			247				(9,291	)
Purchase of the operation (see note 6D)							6,511				-				6,511
Total net financing cash flows							198,513				82,965				281,478

Effect of changes in foreign exchange rates							(344	)			(241	)			(585	)

Balance as at December 31, 2020							198,169				82,724				280,893