XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Unaudited Interim Statements of Cash Flows
€ in Thousands, $ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2021
EUR (€)
Jun. 30, 2021
USD ($)
 [1]
Jun. 30, 2020
EUR (€)
Dec. 31, 2020
EUR (€)
Cash flows from operating activities        
Loss for the period € (5,801) $ (6,897) € (4,269) € (6,168)
Adjustments for:        
Financing expenses, net 6,138 7,296 1,110 3,634
Profit from settlement of derivatives contract (407) (484) 0 0
Depreciation and amortization 7,056 8,387 1,447 2,975
Share-based payment transactions 13 15 20 50
Share of losses (profits) of equity accounted investees 772 918 (850) (1,525)
Payment of interest on loan by an equity accounted investee 859 1,021 582 582
Change in trade receivables and other receivables (2,124) (2,525) 127 (3,868)
Change in other assets (782) (929) (234) 179
Change in receivables from concessions project 757 900 704 1,426
Change in trade payables (941) (1,118) (35) 190
Change in other payables 3,715 4,416 368 (1,226)
Income tax expense (tax benefit) 93 111 88 (125)
Income taxes paid (15) (18) 0 (119)
Interest received 921 1,095 869 2,075
Interest paid (3,857) (4,584) (1,853) (3,906)
Net cash provided by (used in) operating activities 6,397 7,604 (1,926) (5,826)
Cash flows from investing activities        
Acquisition of fixed assets (63,793) (75,824) (81,280) (128,420)
Acquisition of subsidiary, net of cash acquired 0 0 0 (7,464)
Repayment of loan by an equity accounted investee 1,400 1,664 1,923 1,978
Loan to an equity accounted investee (244) (290) 0 (181)
Advances on account of investments (8) (10) 0 (1,554)
Settlement of derivatives contract (252) (300) 0 0
Proceeds (investment) in restricted cash, net (185) (220) 22,580 23,092
Proceeds (investment) in short term deposit 8,533 10,142 0 (1,323)
Proceeds from marketable securities 1,785 2,122 0 1,800
Acquisition of marketable securities 0 0 0 (1,481)
Compensation as per agreement with Erez Electricity Ltd. 0 0 1,418 1,418
Net cash used in investing activities (52,764) (62,716) (55,359) (112,135)
Cash flows from financing activities        
Sale of shares in subsidiaries to non-controlling interests 1,400 1,664 0 0
Proceeds from options 22 26 0 20
Cost associated with long term loans (197) (234) 0 (734)
Proceeds from long term loans 32,476 38,601 80,584 111,357
Repayment of long-term loans (3,390) (4,029) (2,804) (3,959)
Repayment of Debentures (30,730) (36,525) (26,923) (26,923)
Issuance of ordinary shares 0 0 13,188 21,275
Proceeds from issue of convertible debentures 15,571 18,508 0 0
Proceeds from issuance of Debentures, net 25,465 30,267 0 38,057
Issuance / exercise of warrants 3,675 4,368 320 2,544
Net cash from financing activities 44,292 52,646 64,365 141,637
Effect of exchange rate fluctuations on cash and cash equivalents 2,489 2,958 (357) (1,340)
Increase in cash and cash equivalents 414 492 6,723 22,336
Cash and cash equivalents at the beginning of the period 66,845 79,451 44,509 44,509
Cash and cash equivalents at the end of the period € 67,259 $ 79,943 € 51,232 € 66,845
[1] Convenience translation into US$ (exchange rate as at June 30, 2021: EUR 1 = US$ 1.189)