XML 36 R13.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Fixed Assets | 12 Months Ended
--- | ---
Dec. 31, 2023
Fixed Assets [Abstract] |
Fixed assets | Note 8 - Fixed Assets
|  |  |  |  |  |  |  |  |  |  | Office |  |  |  |
|  | Photovoltaic |  |  | Pumped |  |  | Biogas |  |  | furniture and |  |  |  |
|  | plants |  |  | storage |  |  | plants |  |  | equipment |  |  | Total |
|  | € in thousands |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as at January 1, 2023 |  |  | 266,062 |  |  |  | 102,472 |  |  |  | 36,355 |  |  |  | 224 |  |  |  | 405,113 |
Additions |  |  | 19,762 |  |  |  | 42,178 |  |  |  | 1,792 |  |  |  | 27 |  |  |  | 63,759 |
Transfer to disposal groups held for sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (18 | ) |  |  | (18 | )
Effect of changes in exchange rates |  |  | (108 | ) |  |  | (6,019 | ) |  |  | - |  |  |  | - |  |  |  | (6,127 | )
Balance as at December 31, 2023 |  |  | 285,716 |  |  |  | 138,631 |  |  |  | 38,147 |  |  |  | 233 |  |  |  | 462,727 |
Balance as at January 1, 2022 |  |  | 251,027 |  |  |  | 78,892 |  |  |  | 35,192 |  |  |  | 190 |  |  |  | 365,301 |
Additions |  |  | 15,036 |  |  |  | 29,124 |  |  |  | 1,163 |  |  |  | 33 |  |  |  | 45,356 |
Effect of changes in exchange rates |  |  | (1 | ) |  |  | (5,544 | ) |  |  | - |  |  |  | 1 |  |  |  | (5,544 | )
Balance as at December 31, 2022 |  |  | 266,062 |  |  |  | 102,472 |  |  |  | 36,355 |  |  |  | 224 |  |  |  | 405,113 |
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as at January 1, 2023 |  |  | 29,530 |  |  |  | - |  |  |  | 9,652 |  |  |  | 175 |  |  |  | 39,357 |
Depreciation for the year |  |  | 12,736 |  |  |  | - |  |  |  | 2,644 |  |  |  | 25 |  |  |  | 15,405 |
Transfer to disposal groups held for sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (18 | ) |  |  | (18 | )
Effect of changes in exchange rates |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 1 |
Balance as at December 31, 2023 |  |  | 42,266 |  |  |  | - |  |  |  | 12,296 |  |  |  | 183 |  |  |  | 54,745 |
Balance as at January 1, 2022 |  |  | 17,297 |  |  |  | - |  |  |  | 6,952 |  |  |  | 155 |  |  |  | 24,404 |
Depreciation for the year |  |  | 12,233 |  |  |  | - |  |  |  | 2,700 |  |  |  | 21 |  |  |  | 14,954 |
Effect of changes in exchange rates |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | (1 | )
Balance as at December 31, 2022 |  |  | 29,530 |  |  |  | - |  |  |  | 9,652 |  |  |  | 175 |  |  |  | 39,357 |
Carrying amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As at January 1, 2022 |  |  | 233,730 |  |  |  | 78,892 |  |  |  | 28,240 |  |  |  | 35 |  |  |  | 340,897 |
As at December 31, 2022 |  |  | 236,532 |  |  |  | 102,472 |  |  |  | 26,703 |  |  |  | 49 |  |  |  | 365,756 |
As at December 31, 2023 |  |  | 243,450 |  |  |  | 138,631 |  |  |  | 25,851 |  |  |  | 50 |  |  |  | 407,982 |
Investment in Photovoltaic Plants Presented hereunder are data regarding the Company’s investments in photovoltaic plants as at December 31, 2023:
PV Plant Title |  | Original nominal capacity |  | Connection to grid/Other status |  | Cost included in book value as at December 31, 2023 |
|  |  |  |  |  | € in thousands |
“Ellomay Spain – Rinconada II” |  | 2.275 MWP |  | June 2010 |  |  | 5,509 |
“Rodríguez I” |  | 1.675 MWP |  | November 2011 |  |  | 3,662 |
“Rodríguez II” |  | 2.691 MWP |  | November 2011 |  |  | 6,631 |
“Fuente Librilla” |  | 1.248 MWP |  | June 2011 |  |  | 3,212 |
“Talasol” |  | 300 MWP |  | January 2021 |  |  | 220,061 |
“Ellomay Solar” |  | 28 MWP |  | July 2022 |  |  | 18,074 |
“Solar Italy One” |  | 14.8 MWP |  | Under construction |  |  | 12,056 |
“Solar Italy Two” |  | 4.95 MWP |  | Under construction |  |  | 4,069 |
“Solar Italy Four” |  | 15.6 MWP |  | Ready to Build status |  |  | 553 |
“Solar Italy Five” |  | 87.2 MWP |  | Ready to Build status |  |  | 4,535 |
“Solar Italy Seven” |  | 54.77 MWP |  | Ready to Build status |  |  | 1,852 |
“Solar Italy Nine” |  | 8 MWP |  | Ready to Build status |  |  | 464 |
“Solar Italy Ten” |  | 18 MWP |  | Ready to Build status |  |  | 1,071 |
“Fairfield Solar” |  | 13.44 MWP |  | Ready to Build status |  |  | 1,100 |
“Mexia Solar I” |  | 5.6 MWP |  | Ready to Build status |  |  | 808 |
“Mexia Solar II” |  | 5.6 MWP |  | Ready to Build status |  |  | 341 |
“Malakoff Solar I” |  | 6.96 MWP |  | Ready to Build status |  |  | 578 |
“Malakoff Solar II” |  | 6.96 MWP |  | Ready to Build status |  |  | 351 |
“Talco Solar” |  | 10.3 MWP |  | Ready to Build status |  |  | 789 |
The Company commences capitalization of expenses when it is probable that the Company will enjoy future economic benefits from the projects. The Company commenced capitalization of expenses from the aforementioned projects that have reached Ready to Build status as follows: In Texas USA (i) the Fairfield Solar LLC Project since February 2023, (ii) the Mexia Solar I LLC and Mexia Solar II LLC Projects since July 2023, (iii) the Malakoff I Solar LLC and Malakoff II Solar LLC projects since April 2023, and (iv) the Talco Solar LLC project since September 2023. In Italy (i) Ellomay Solar Italy Seven SRL since March 2023, and (ii) Ellomay Solar Italy Nine SRL since May 2023. For additional information see Notes 6C and 6D. Investment in Pumped Storage Project Commencing the fourth quarter of 2020, as it is probable that the Company will enjoy future economic benefits in connection with the Manara PSP (see Note 6B), expenses in connection with the Manara PSP are capitalized as assets. Security As of December 31, 2023 fixed assets of the Company’s subsidiaries with a carrying amount of €339,821 thousand are pledged as security for bank loans (see Note 11 regarding loans and borrowings with respect to terms and repayment dates). Capitalized borrowing costs In the reporting period borrowing costs in the amount of €6,996 thousand were capitalized to qualifying assets for the year 2023. Those expenses are mostly related to the construction of the Manara PSP.

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_NotesAndOtherExplanatoryInformationAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration