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Condensed Consolidated Unaudited Interim Statements of Financial Position
€ in Thousands, $ in Thousands
Jun. 30, 2020
USD ($)
Jun. 30, 2020
EUR (€)
Dec. 31, 2019
EUR (€)
Current assets      
Cash and cash equivalents | €   € 51,232 € 44,509
Marketable securities | € [1]   2,226 2,242
Short term deposits | € [2]   6,439 6,446
Restricted cash | € [3]   22,162
Receivable from concession project | €   1,486 1,463
Financial assets | €   1,418
Trade and other receivables | €   4,790 4,882
Total Current assests | €   66,173 83,122
Non-current assets      
Investment in equity accounted investee | €   32,165 33,561
Advances on account of investments | €   882 883
Receivable from concession project | €   26,173 27,122
Fixed assets | €   194,521 114,389
Right-of-use asset | €   15,291 15,401
Intangible asset | €   4,857 5,042
Restricted cash and deposits | €   10,275 10,956
Deferred tax | €   5,777 2,285
Long term receivables | €   5,305 12,249
Derivatives | €   209 5,162
Total Non-current assets | €   295,455 227,050
Total assets | €   361,628 310,172
Current liabilities      
Current maturities of long term bank loans | € [4]   4,603 4,138
Current maturities of long term loans | € [4]   2,472
Debentures | €   4,592 26,773
Trade payables | €   1,730 1,765
Other payables | €   5,425 5,010
Total current liabilities | €   18,822 37,686
Non-current liabilities      
Lease liability | €   15,487 15,402
Liabilities to banks | €   110,906 40,805 [4]
Other long-term loans | €   46,711 48,377 [4]
Debentures | €   40,087 44,811
Deferred tax | €   6,854 6,467
Other long-term liabilities | €   1,289 1,795
Derivatives | €   14,152 7,263
Total Non-current liabilities | €   235,486 164,920
Total liabilities | €   254,308 202,606
Equity      
Share capital | €   23,933 21,998
Share premium | €   75,433 64,160
Treasury shares | €   (1,736) (1,736)
Transaction reserve with non-controlling Interests | €   6,106 6,106
Reserves | €   (1,454) 3,283
Retained earnings | €   9,346 12,818
Total equity attributed to shareholders of the Company | €   111,628 106,629
Non-Controlling Interest | €   (4,308) 937
Total equity | €   107,320 107,566
Total liabilities and equity | €   € 361,628 € 310,172
USD [Member]      
Current assets      
Cash and cash equivalents | $ [5] $ 57,393    
Marketable securities | $ [5] 2,494    
Short term deposits | $ [5] 7,213    
Restricted cash | $ [5]    
Receivable from concession project | $ [5] 1,665    
Financial assets | $ [5]    
Trade and other receivables | $ [5] 5,366    
Total Current assests | $ [5] 74,131    
Non-current assets      
Investment in equity accounted investee | $ [5] 36,033    
Advances on account of investments | $ [5] 988    
Receivable from concession project | $ [5] 29,320    
Fixed assets | $ [5] 217,913    
Right-of-use asset | $ [5] 17,130    
Intangible asset | $ [5] 5,441    
Restricted cash and deposits | $ [5] 11,511    
Deferred tax | $ [5] 6,472    
Long term receivables | $ [5] 5,943    
Derivatives | $ [5] 234    
Total Non-current assets | $ [5] 330,985    
Total assets | $ [5] 405,116    
Current liabilities      
Current maturities of long term bank loans | $ [4] 5,157    
Current maturities of long term loans | $ [4],[5] 2,769    
Debentures | $ [5] 5,144    
Trade payables | $ [5] 1,940    
Other payables | $ [5] 6,077    
Total current liabilities | $ [5] 21,087    
Non-current liabilities      
Lease liability | $ [5] 17,349    
Liabilities to banks | $ [5] 124,243    
Other long-term loans | $ [5] 52,328    
Debentures | $ [5] 44,908    
Deferred tax | $ [5] 7,678    
Other long-term liabilities | $ [5] 1,444    
Derivatives | $ [5] 15,854    
Total Non-current liabilities | $ [5] 263,804    
Total liabilities | $ [5] 284,891    
Equity      
Share capital | $ [5] 26,811    
Share premium | $ [5] 84,504    
Treasury shares | $ [5] (1,945)    
Transaction reserve with non-controlling Interests | $ [5] 6,840    
Reserves | $ [5] (1,629)    
Retained earnings | $ [5] 10,470    
Total equity attributed to shareholders of the Company | $ [5] 125,051    
Non-Controlling Interest | $ [5] (4,826)    
Total equity | $ [5] 120,225    
Total liabilities and equity | $ [5] $ 405,116    
[1] The Company invested in a traded Corporate Bond (rated Baa3 by Moody's) with a coupon rate of 4.435% and a maturity date of December 30, 2020 and in 5.8% WACHOVIA Fixed Interest Float.
[2] Bank deposits with annual interest rate as of June 30, 2020 of 0.24%.
[3] On December 16, 2019, the Company announced its intention to repay the entire outstanding principal of the Company's Series A Debentures on December 31, 2019. Due to technical issues related to the clearing system, the Company executed a regular principal repayment of NIS 20,034 thousand (approximately 5,160 thousand euros) and the repayment of the remaining outstanding principal balance repaid on January 5, 2020. On December 30, 2019, the funds designated for such repayment were transferred to the nominee company.
[4] Reclassified
[5] Convenience translation into US$ (exchange rate as at June 30, 2020: EUR 1 = US$ 1.120)