Loans and Borrowings

6 Months Ended

Jun. 30, 2018

Disclosure of Loans and Borrowings [Abstract]

Loans and Borrowings

Note 9 - Loans and Borrowings

A. Presented hereunder are details of new loans received during the six month period ended June 30, 2018, relating to the Company’s principal loans and borrowings:

					June 30, 2018
		Original	Interest	Payment	Face		Carrying
Identity of	Loan	amount of	Mechanism	date of	value		amount
borrower	date	loan	and rate	principal	€ in thousands
Five of the Company Italian subsidiaries	May 2018	33.7 million Euro	Semiannual interest rate equal to the Euribor 6 month rate plus a margin of 185 basis points	June and December 30 of each of the years 2018-2028		33,450		36,795
Less current maturities						2,825		3,434
Total material Company loans issued in the period						30,625		33,360

B. Details of loan repayments during the six-month period ended June 30, 2018 relating to the Company’s principal borrowings

Two wholly owned Italian subsidiaries (Ellomay PV Five S,r,l and Ellomay PV Six S,r,l) terminated their financial leasing agreements and repaid finance lease obligations in the amount of  approximately euro 4,226 thousand. In addition, one of the Company’s wholly owned Italian subsidiary (Soleco S.r.l) terminated and repaid a bank loan in the amount of approximately euro 9,195 thousand.