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Investments In Subsidiaries | 12 Months Ended
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Dec. 31, 2023
Disclosure of subsidiaries [abstract] |
Note 8 - Investments in Subsidiaries | Note 8 - Investments in Subsidiaries
| A. | Non-controlling interests in subsidiaries
The following tables present information with respect to non-controlling interests in a subsidiary, YPH (at the rate of 50%), before elimination of inter-company transactions. The information includes fair value adjustments that were made on the acquisition date, other than goodwill and presented without adjustments for the ownership rates held by the Company.
| As of December 31
| 2023 | 2022
| $ millions | $ millions
Current assets | 278 | 267
Non-current assets | 376 | 392
Current liabilities | (102) | (145)
Non-current liabilities | (43) | (48)
Equity | (509) | (466)
| For the year ended December 31
| 2023 | 2022 | 2021
| $ millions | $ millions | $ millions
Sales | 546 | 723 | 528
Operating Income | 105 | 146 | 105
Depreciation and amortization | 33 | 34 | 38
Operating income before depreciation and amortization | 138 | 180 | 143
Net Income | 85 | 116 | 96
Total Comprehensive income | 71 | 78 | 104
B. Business Acquisition and Divestiture
| (1) | In the beginning of 2024, the Company completed the acquisition of Nitro 1000, a manufacturer, developer and provider of biological crop inputs in Brazil, for a consideration of $30 million. Nitro 1000’s products mainly target soybean, corn and sugar cane crops, and their application replaces or optimizes the use of fertilizers. These products help farmers increase profitability, as well as offer more sustainable options.
| (2) | Further to the acquisition of Nobian’s holding in Sal Vesta (51%) in 2021, which was part of the partnership termination agreement between the Company and Nobian, in the first quarter of 2023 100% of the Company’s shares in Sal Vesta were sold to Salins Group for a consideration of $13 million. As part of the transaction, the Company engaged in a long-term take-or-pay supply agreement for all the vacuum salt produced at ICL Iberia.

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- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2023-01-01 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2023-en-r&anchor=para_17_b&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2023-01-01 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2023-en-r&anchor=para_16_b&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2023-01-01 -Paragraph B4 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2023-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2023-03-23 + Details
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