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Loans (Tables)
12 Months Ended
Dec. 31, 2023
Loans [Abstract]  
Schedule of Loans Composed as follows:
   Linkage  Interest rate  December 31   December 31 
   terms  2022 and 2023  2023   2022 
Bank loans     %  € in thousands 
   EURIBOR  2 - 6   21,132    23,918 
   -  2.58 - 3.03   156,748    164,212 
   Bank of Israel interest rate  4.35 - 9.1   5,509    2,986 
   Consumer price index in Israel  2.75 - 4.78   64,176    51,165 
        247,565    242,281 
Current maturities       9,784    12,815 
               
Long-term loans       237,781    229,466 

 

   Linkage  Interest rate  December 31   December 31 
   terms  2022 and 2023  2023   2022 
Other long-term loans     %  € in thousands 
   EURIBOR(1)  5.27-9.2   25,055    23,247 
   Consumer price index in Israel  7   5,806    4,857 
   Fixed  5 - 5.5   3,512    3,478 
        34,373    31,582 
Current maturities       5,000    10,000 
               
Other long-term loans       29,373    21,582 
(1)Loans provided by the minority (49%) holders in Talasol.
Schedule of Aggregate Annual Maturities The aggregate annual maturities are as follows:
   December 31   December 31 
   2023   2022 
   € in thousands 
Second year   14,049    13,811 
Third year   13,668    15,952 
Fourth year   15,828    14,759 
Fifth year   24,462    16,026 
Sixth year and thereafter   199,147    190,500 
           
Long-term loans   267,154    251,048 
Current maturities   14,308    22,187 
Short-term loans   476    628 
    281,938    273,863 
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, 2023      273,863    110,428    384,291 
Changes from financing activities                  
Proceeds from issue of debentures      -    55,808    55,808 
Repayment of debentures  12   -    (17,763)   (17,763)
Receipt of loans      32,157    -    32,157 
Repayment of loans      (12,736)   -    (12,736)
Accrued interest      4,284    -    4,284 
Linkage      1,849    -    1,849 
Transaction costs related to borrowings      (686)   446    (240)
Transfer to disposal groups held for sale      (13,047)   -    (13,047)
Total net financing liabilities      285,684    148,919    434,603 
                   
Effect of changes in foreign exchange rates      (3,746)   (8,832)   (12,578)
Balance as at December 31, 2023      281,938    140,087    422,025 

 

      Liabilities     
      Loans and         
   Note  borrowings   Debentures   Total 
      € in thousands 
Balance as at January 1, 2022      218,895    137,299    356,194 
Changes from financing activities                  
Repayment of debentures  12   -    (19,764)   (19,764)
Receipt of loans      215,170    -    215,170 
Repayment of loans      (153,751)   -    (153,751)
Accrued interest      2,488    -    2,488 
Linkage      2,029    -    2,029 
Transaction costs related to borrowings      (3,861)   779    (3,082)
Issuance of capital note to non-controlling interest      (3,958)   -    (3,958)
Total net financing liabilities      277,012    118,314    395,326 
                   
Effect of changes in foreign exchange rates      (3,149)   (7,886)   (11,035)
Balance as at December 31, 2022      273,863    110,428    384,291