XML 40 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

Fixed Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Property, plant and equipment [abstract] |
Fixed Assets | Note 9 - Fixed Assets Composition and changes:
|  | 2022 |
|  | Solar systems (A) |  |  | Wind farms (B) |  |  | Others |  |  | Total |
|  | USD in thousands |
Cost: |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2022 |  |  | 122,565 |  |  |  | 1,403,984 |  |  |  | 3,908 |  |  |  | 1,530,457 |
Capitalization – IFRS 16 |  |  | - |  |  |  | 4,053 |  |  |  | - |  |  |  | 4,053 |
Additions (1) |  |  | 280,518 |  |  |  | 460,722 |  |  |  | 2,190 |  |  |  | 743,430 |
Reclassification from IFRIC 12 |  |  | 162,359 |  |  |  | - |  |  |  | - |  |  |  | 162,359 |
Initial consolidation (2) |  |  | 1,432 |  |  |  | - |  |  |  | - |  |  |  | 1,432 |
Translation differences |  |  | (37,448 | ) |  |  | (107,900 | ) |  |  | (459 | ) |  |  | (145,807 | )
Cost as of December31, 2022 |  |  | 529,426 |  |  |  | 1,760,859 |  |  |  | 5,639 |  |  |  | 2,295,924 |
Accumulated depreciation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2022 |  |  | 10,726 |  |  |  | 29,498 |  |  |  | 1,404 |  |  |  | 41,628 |
Depreciation expenses |  |  | 7,678 |  |  |  | 28,445 |  |  |  | 761 |  |  |  | 36,884 |
Translation differences |  |  | (1,325 | ) |  |  | (1,854 | ) |  |  | (143 | ) |  |  | (3,322 | )
Accumulated depreciation as of December 31, 2022 |  |  | 17,079 |  |  |  | 56,089 |  |  |  | 2,022 |  |  |  | 75,190 |
Carrying value as of December 31, 2022 |  |  | 512,347 |  |  |  | 1,704,770 |  |  |  | 3,617 |  |  |  | 2,220,734 |
|  | 2021 |
|  | Solar systems (A) |  |  | Wind farms (B) |  |  | Others |  |  | Total |
|  | USD in thousands |
Cost: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
As of January 1, 2021 |  |  | 124,773 |  |  |  | 837,554 |  |  |  | 2,795 |  |  |  | 965,122 |
Capitalization - IFRS 16 |  |  | - |  |  |  | 5,166 |  |  |  | - |  |  |  | 5,166 |
Additions (1) |  |  | - |  |  |  | 489,504 |  |  |  | 525 |  |  |  | 490,029 |
Initial consolidation (2) |  |  | - |  |  |  | 120,845 |  |  |  | 514 |  |  |  | 121,359 |
Translation differences |  |  | (2,208 | ) |  |  | (49,085 | ) |  |  | 74 |  |  |  | (51,219 | )
Cost as of December 31, 2021 |  |  | 122,565 |  |  |  | 1,403,984 |  |  |  | 3,908 |  |  |  | 1,530,457 |
Accumulated depreciation: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
As of January 1, 2021 |  |  | 6,920 |  |  |  | 19,559 |  |  |  | 710 |  |  |  | 27,189 |
Depreciation expenses |  |  | 3,806 |  |  |  | 12,795 |  |  |  | 664 |  |  |  | 17,265 |
Translation differences |  |  | (*)- |  |  |  | (2,856 | ) |  |  | 30 |  |  |  | (2,826 | )
Accumulated depreciation as of December 31, 2021 |  |  | 10,726 |  |  |  | 29,498 |  |  |  | 1,404 |  |  |  | 41,628 |
Carrying value as of December 31, 2021 |  |  | 111,839 |  |  |  | 1,374,486 |  |  |  | 2,504 |  |  |  | 1,488,829 |
(*) Less than USD 1 thousand.
| (1) | A total of approximately USD 39 million out of the additions applies to the capitalization of borrowing costs which arose from the construction of the qualifying assets period (2021: approximately USD 26.7 million).
| (2) | In 2022 the Company consolidated Aureus Solis group and Raaba Flow KFT at a total cost of approximately USD 1.4 million (2021: consolidation of Bjorn project (Sweden) at a total cost of approximately USD 121 million).
| (A) | Solar systems
Presented below is a review of the projects which are included under solar systems and have begun commercial operation, as of the reporting date (*):
Electricity production projects | Zayit Yarok | Sunlight 1 | Sunlight 2 | Atilla | Halutziot (**)
Country | Israel | Israel | Israel | Hungary | Israel
Year of commercial operation | 2012 | 2018 | 2019 | 2019 | 2015
Installed capacity | 0.5 MWp | 53 MWp | 12 MWp | 57 MWp | 55 MWp
Effective holding rate | 100% | 50% - 100% | 74%-100% | 50.1% | 90%
Depreciated cost as of December 31, 2022 | Approximately USD 0.6 million | Approximately USD 46.3 million | Approximately USD 12.2 million | Approximately USD 35.5 million | Approximately USD 161 million
(*) See also Note 8, regarding solar systems which are presented as contract assets in respect of concession arrangements, in accordance with IFRIC 12. (**) See also Note 8, since the second quarter of 2022, the Halutziot project is treated as a fixed asset, at cost. Presented below is a review of projects under construction which are included in the fixed assets, as of the reporting date:
Electricity production projects | Halutziot 2 | Storage tender 1 | RAABA ACDC | APEX
Country | Israel | Israel | Hungary | United States
Installed capacity | 32 MWp | 130 MWp | 25 MWp | 105 MWp
Effective holding rate | 90% | 50.1%-74% | 100% | 100%
Cost as of December 31, 2022 | Approximately USD 26 million | Approximately USD 66 million | Approximately USD 15 million | Approximately USD 150 million
| (B) | Wind farms
Presented below is a review of the projects which are included under wind farms and have begun commercial operation, as of the reporting date:
Electricity production projects | EWK | Lukovac | Sowi | Picasso | Tullynamoyle | Emek HaBacha | Gecama
Country | Serbia | Croatia | Kosovo | Sweden | Ireland | Israel | Spain
Year of commercial operation | 2019 | 2018 | 2021 | 2021 | 2017 | 2022 | 2022
Installed capacity | 105 MWp | 49 MWp | 105 MWp | 113 MWp | 13.6 MWp | 109 MWp | 329 MWp
Effective holding rate | 50.1% | 50.1% | Around 60% | Around 69% | 50.1% | Around 40.9% | Around 72%
Depreciated cost as of December 31, 2022 | Approximately USD 142.7 million | Approximately USD 48 million | Approximately USD 135.5 million | Approximately USD 141 million | Approximately USD 19 million | Approximately USD 203.2 million | Approximately USD 339 million
Presented below is a review of projects under construction which are included in the fixed assets, as of the reporting date:
Electricity production projects | Björnberget Vindkraft AB (1) | Ruach Beresheet
Country | Sweden | Israel
Installed capacity | 372 MWp | 189 MWp
Effective holding rate | Around 56% | 54%
Cost as of December 31, 2022 | Approximately USD 362 million | Approximately USD 313.7 million
| (1) | On October 2, 2022, the project was connected to the local power grid, and commercial operation and sale of electricity in the Nordic power market began gradually . For additional details, see Note 28(A)(6).

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 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS16_g73-79__IAS16_g73-79_TI -URIDate 2022-03-24 + 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_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration