XML 41 R18.htm IDEA: XBRL DOCUMENT
v3.23.1

Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Intangible assets and goodwill [abstract] |
Disclosure of intangible assets and goodwill [text block] | Note 10 - Intangible Assets
| A. | Composition and changes
|  | Electricity supply agreements and concession agreements |  |  | Goodwill |  |  | Total |
|  | USD in thousands |
Cost |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  |  | 93,527 |  |  |  | - |  |  |  | 93,527 |
Initial consolidation |  |  | 16,974 |  |  |  | 148,023 |  |  |  | 164,997 |
Translation differences |  |  | (6,977 | ) |  |  | 105 |  |  |  | (6,872 | )
Balance as of December 31, 2021 |  |  | 103,524 |  |  |  | 148,128 |  |  |  | 251,652 |
Initial consolidation |  |  | 41,437 |  |  |  | - |  |  |  | 41,437 |
Others |  |  | (247 | ) |  |  | - |  |  |  | (247 | )
Translation differences |  |  | (6,447 | ) |  |  | - |  |  |  | (6,447 | )
Balance as of December 31, 2022 |  |  | 138,267 |  |  |  | 148,128 |  |  |  | 286,395 |
Amortization: |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2021 |  |  | 2,953 |  |  |  | - |  |  |  | 2,953 |
Amortization (1) |  |  | 1,483 |  |  |  | - |  |  |  | 1,483 |
Translation differences |  |  | 157 |  |  |  | - |  |  |  | 157 |
Balance as of December 31, 2021 |  |  | 4,593 |  |  |  | - |  |  |  | 4,593 |
Amortization |  |  | 2,141 |  |  |  | - |  |  |  | 2,141 |
Translation differences |  |  | (56 | ) |  |  | - |  |  |  | (56 | )
Balance as of December 31, 2022 |  |  | 6,678 |  |  |  | - |  |  |  | 6,678 |
Depreciated cost as of December 31, 2021 |  |  | 98,931 |  |  |  | 148,128 |  |  |  | 247,059 |
Depreciated cost as of December 31, 2022 |  |  | 131,589 |  |  |  | 148,128 |  |  |  | 279,717 |
| (1) | The amortization of the intangible assets is included under Costs of sales in the Consolidated Statements of Income and Other Comprehensive Income
| C. | Impairment testing for cash-generating units containing goodwill
For the purpose of impairment testing, goodwill is allocated to Clenera which represent the lowest level within the Group at which goodwill is monitored for internal management purposes. The aggregate carrying amounts of goodwill:
|  | As of December 31 |
|  | 2022 |  |  | 2021 |
|  | USD thousands |  |  | USD thousands |
Goodwill allocated to Clenera |  |  | 148,128 |  |  |  | 148,128 |
|  |  | 148,128 |  |  |  | 148,128 |
| C. | Impairment testing for cash-generating units containing goodwill (Cony.)
The estimated recoverable amount of Clenera was higher than its carrying amount, and therefore there was no need for an impairment. The recoverable amount of Clenera was based on its value in use and was determined by discounting the future cash flows to be generated from Clenera with the assistance of independent valuers. Value in use in 2022 was determined in a similar manner as in 2021. The carrying amount of the unit was determined to be lower than its recoverable amount and no impairment loss was recognized. Key assumptions used in calculation of the recoverable amount Key assumptions used in the calculation of recoverable amounts are discount rates, sponsor cash flows from projects in development, and Clenera’s cash flow from projects in early-stage development. (1) Discount rate The after-tax discount rate was estimated based on past experience, and an industry average weighted average cost of capital. Project cash flows were discounted at a discount rate of between 8.8%-9.8% based on the project’s development stage. (2) Sponsor Cash Flows Sponsor cash flows relate to the cash flows at the equity level after tax equity partner, debt, and taxes.

X
- Definition The disclosure of intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsAndGoodwillExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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