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Condensed Consolidated Unaudited Interim Statements of Financial Position
€ in Thousands, $ in Thousands
Jun. 30, 2022
EUR (€)
Jun. 30, 2022
USD ($)
 [1]
Dec. 31, 2021
EUR (€)
Current assets      
Cash and cash equivalents € 59,951 $ 62,287 € 41,229
Marketable securities 1,761 [2] 1,830 1,946 [2]
Short term deposits 0 0 28,410
Restricted cash 4,280 [3] 4,447 1,000 [3]
Receivable from concession project 1,786 1,856 1,784
Trade and other receivables 10,744 11,163 9,487
Total Current assets 78,522 81,583 83,856
Non-current assets      
Investment in equity accounted investee 32,410 33,673 34,029
Advances on account of investments 1,554 1,615 1,554
Receivable from concession project 25,991 27,004 26,909
Fixed assets 352,680 366,424 340,897 [4]
Right-of-use asset 23,360 24,270 23,367
Intangible asset 4,418 4,590 4,762
Restricted cash and deposits 20,379 21,174 15,630
Deferred tax 23,723 24,648 12,952
Long term receivables 8,581 8,915 5,388
Derivatives 2,718 2,824 2,635
Total Non-current assets 495,814 515,137 468,123
Total assets 574,336 596,720 551,979
Current liabilities      
Current maturities of long-term bank loans 12,306 12,786 126,180
Current maturities of other long-term loans 10,000 10,390 16,401
Current maturities of debentures 19,785 20,556 19,806
Trade payables 2,059 2,138 2,904
Other payables 20,120 20,904 20,806
Current maturities of derivatives 38,996 40,516 14,783
Current maturities of lease liabilities 675 701 4,329
Total current liabilities 103,941 107,991 205,209
Non-current liabilities      
Long-term lease liabilities 16,206 16,838 15,800
Long-term bank loans 217,845 226,335 39,093
Other long-term loans 25,754 26,758 37,221
Debentures 93,973 97,635 117,493
Deferred tax 6,409 6,659 9,044 [4]
Other long-term liabilities 3,324 3,454 3,905
Derivatives 24,198 25,141 10,107
Total Non-current liabilities 387,709 402,820 232,663
Total liabilities 491,650 510,811 437,872
Equity      
Share capital 25,605 26,603 25,605
Share premium 85,943 89,292 85,883
Treasury shares (1,736) (1,804) (1,736)
Transaction reserve with non-controlling Interests 5,697 5,919 5,697
Reserves (11,763) (12,221) 7,288
Accumulated deficit (8,121) (8,437) (6,899) [4]
Total equity attributed to shareholders of the Company 95,625 99,352 115,838
Non-Controlling Interest (12,939) (13,443) (1,731) [4]
Total equity 82,686 85,909 114,107
Total liabilities and equity € 574,336 $ 596,720 € 551,979
[1] * Convenience translation into US$ (exchange rate as at June 30, 2022: EUR 1 = US$1.039)
[2] During 2021, the Company invested in a traded Corporate Bond with a coupon rate of 3.255%.
[3] Deposits used to secure obligations towards the Israeli Electricity Authority for the license for the pumped-storage project in the Manara Cliff in Israel in 2021 and to secure obligations under loan agreements.
[4] Reclassified, please see Note 2C.