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Unaudited Condensed Consolidated Interim Statements of Cash Flows
€ in Thousands, $ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2024
EUR (€)
Jun. 30, 2024
USD ($)
 [1]
Jun. 30, 2023
EUR (€)
Dec. 31, 2023
EUR (€)
Cash flows from operating activities        
Profit (loss) for the period € (3,347) $ (3,581) € 4,563 [2] € 625
Adjustments for:        
Financing expenses (income), net 2,206 2,361 (1,556) 3,034
Profit from settlement of derivatives contract 199 213
Impairment losses on assets of disposal groups classified as held-for-sale 405 433 2,565
Depreciation and amortization 8,279 8,854 8,064 16,473
Share-based payment transactions 61 65 62 121
Share of profits of equity accounted investees (1,809) (1,935) (1,541) [2] (4,320)
Change in trade receivables and other receivables (3,214) (3,437) 558 (302)
Change in other assets 5 5 (155) (681)
Change in receivables from concessions project 793 848 836 1,778
Change in trade payables (633) (677) (1,409) (45)
Change in other payables 1,759 1,881 383 (2,235)
Tax benefit (993) (1,062) (1,203) (1,852)
Income taxes refund (paid) 479 512 (20) (912)
Repayment of interest on loan from an equity accounted investee 1,501
Interest received 1,706 1,825 1,353 2,936
Interest paid (5,428) (5,805) (4,664) (10,082)
Net cash provided by operating activities 468 500 5,271 8,604
Cash flows from investing activities        
Acquisition of fixed assets (19,593) (20,954) (26,225) [3] (58,848)
Interest paid capitalized to fixed assets (1,121) (1,199) (1,243) [3] (2,283)
Proceeds from sale of investments 9,267 9,911
Repayment of loan by an equity accounted investee 1,324
Loan to an equity accounted investee (68) (128)
Advances on account of investments (54) (58) (777) (421)
Proceeds from advances on account of investments in process 2,218
Proceeds from sales of marketable securities 2,837 2,837
Proceeds in settlement of derivatives, net 159 170
Proceeds from in restricted cash, net 119 127 893 840
Investment in short term deposit (1,483) (1,586) (1,257) (1,092)
Net cash used in investing activities (12,706) (13,589) (25,840) (55,553)
Cash flows from financing activities        
Issuance of warrants 3,735 3,995
Cost associated with long term loans (1,466) (1,568) (706) (1,877)
Payment of principal of lease liabilities (486) (520) (777) (1,156)
Proceeds from long term loans 10,478 11,206 21,499 32,157
Repayment of long-term loans (6,667) (7,130) (6,602) (12,736)
Repayment of Debentures (35,845) (38,336) (17,763) (17,763)
Proceeds from issuance of Debentures, net 45,790 48,972 55,808 55,808
Net cash provided by financing activities 15,539 16,619 51,459 54,433
Effect of exchange rate fluctuations on cash and cash equivalents 1,188 1,270 (3,478) (2,387)
Increase in cash and cash equivalents 4,489 4,800 27,412 5,097
Cash and cash equivalents at the beginning of the period 51,127 54,680 46,458 46,458
Cash from disposal groups classified as held-for-sale 428 458 (36) (428)
Cash and cash equivalents at the end of the period € 56,044 $ 59,938 € 73,834 € 51,127
[1] Convenience translation into US$ (exchange rate as at June 30, 2024: EUR 1 = US$ 1. 069)
[2] The results of the Talmei Yosef solar plant have been reclassified as a discontinued operation and the results for these periods have been adjusted accordingly.
[3] Reclassified