Note 9 - Operating Segments

The basis of segmentation and the measurement basis for the segment profit or loss are the same as that presented in Note 22 regarding operating segments in the annual financial statements.

Segment assets consist of current assets, fixed assets and intangible assets, as included in reports provided regularly to the chief operating decision maker.

	PV																			Total
																				reportable						Total
	Italy		Spain			Israel			Talasol			Bio Gas			Dorad			Manara		segments			Reconciliations			consolidated
	For the six months ended June 30, 2020
	€ in thousands

Revenues		-		1,241			2,060			-			2,437			28,836			-		34,574			(30,360	)		4,214
Operating expenses		-		(227	)		(154	)		-			(1,765	)		(22,841	)		-		(24,987	)		22,841			(2,146	)
Depreciation expenses		-		(453	)		(1,174	)		(28	)		(726	)		(2,600	)		-		(4,981	)		3,534			(1,447	)
Gross profit (loss)		-		561			732			(28	)		(54	)		3,395			-		4,606			(3,985	)		621
Project development costs																											(2,338	)
General and
administrative expenses																											(2,204	)
Share of profits of equity
accounted investee																											850
Other income, net																											-
Operating loss																											(3,071	)
Financing income																											886
Financing income in connection
with derivatives and warrants, net																											1,099
Financing expenses, net																											(3,095	)
Loss before taxes
on Income																											(4,181	)
Segment assets as at
June 30, 2020		518		15,841			37,096			190,768			18,395			110,970			2,318		375,906			(14,280	)		361,626

	PV																			Total
																				reportable						Total
	Italy			Spain			Israel			Talasol		Bio Gas			Dorad			Manara		segments			Reconciliations			consolidated
	For the six months ended June 30, 2019
	€ in thousands

Revenues		5,274			1,553			2,151			-		2,941			29,890			-		41,809			(31,506	)		10,303
Operating expenses		(582	)		(274	)		(169	)		-		(2,430	)		(23,755	)		-		(27,210	)		23,755			(3,455	)
Depreciation expenses		(1,710	)		(450	)		(1,107	)		-		(659	)		(2,414	)		-		(6,340	)		3,297			(3,043	)
Gross profit (loss)		2,982			829			875			-		(148	)		3,721			-		8,259			(4,454	)		3,805
Project development costs																											(2,714	)
General and
administrative expenses																											(1,879	)
Share of profits of equity
accounted investee																											31
Other income, net																											-
Operating loss																											(757	)
Financing income																											870
Financing income in connection
with derivatives and warrants, net																											460
Financing expenses, net																											(4,457	)
Loss before taxes
on Income																											(3,884	)
Segment assets as at
June 30, 2019		54,194			18,591			37,104			105,228		18,808			109,492			2,631		346,048			(57,967	)		288,081

	PV																				Total
																					reportable						Total
	Italy			Spain			Israel			Talasol			Biogas			Dorad			Manara		segments			Reconciliations			consolidated
	For the year ended December 31, 2019
	€ in thousands

Revenues		10,082			2,987			4,114			-			4,786			63,416			-		85,385			(66,397	)		18,988
Operating expenses		(1,422	)		(504	)		(325	)		-			(4,387	)		(48,558	)		-		(55,196	)		48,558			(6,638	)
Depreciation		(3,668	)		(903	)		(2,271	)		(30	)		(1,353	)		(5,031	)		-		(13,256	)		6,840			(6,416	)
Gross profit (loss)		4,992			1,580			1,518			(30	)		(954	)		9,827			-		16,933			(10,999	)		5,934
Project development costs																												(4,213	)
General and
administrative expenses																												(3,827	)
Share of profits (loss) of
equity accounted investee																												3,086
Other income, net																												(2,100	)
Capital gain (loss)																												18,770
Operating profit																												17,650
Financing income																												1,827
Financing income in connection
with derivatives and warrants, net																												897
Financing expenses, net																												(10,877	)
Profit before taxes on
Income																												9,497
Segment assets as at
December 31, 2019		-			16,324			38,942			118,848			18,463			116,561			2,473		311,611			(1,439	)		310,172