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Condensed Consolidated Unaudited Interim Statements of Cash Flows
€ in Thousands, $ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2020
EUR (€)
Jun. 30, 2019
EUR (€)
Dec. 31, 2019
EUR (€)
Cash flows from operating activities        
Income (loss) for the period   € (4,269) € (4,398) € 9,784
Adjustments for:        
Financing expenses, net   1,110 3,127 8,153
Capital gain   (18,770)
Depreciation   1,447 3,043 6,416
Share-based payment transactions   20 3 8
Share of profits of equity accounted investees   (850) (31) (3,086)
Payment of interest on loan by an equity accounted investee   582 370 370
Change in trade receivables and other receivables   127 (1,744) 403
Change in other assets   (234) (708) (1,950)
Change in receivables from concessions project   704 646 1,329
Change in accrued severance pay, net   8 9
Change in trade payables   (35) 1,065 461
Change in other payables   368 1,054 5,336
Income tax expense (tax benefit)   88 514 (287)
Income taxes paid   (100)
Interest received   869 835 1,719
Interest paid   (1,853) (2,655) (6,083)
Net cash provided by (used in) operating activities   (1,926) 1,129 3,712
Cash flows from investing activities        
Acquisition of fixed assets   (81,280) (44,519) (74,587)
Acquisition of subsidiary, net of cash acquired   (1,000) (1,000)
Proceeds from sale of investments   34,586
Compensation as per agreement with Erez Electricity Ltd.   1,418
Repayment of loan by an equity accounted investee   1,923
Proceeds from settlement of derivatives, net   532 532
Proceeds (investment) in restricted cash, net   22,580 (5,219) (26,003)
Investment in short term deposit   (6,302)
Repayment of loan to others   3,500 3,912
Net cash used in investing activities   (55,359) (46,706) (68,862)
Cash flows from financing activities        
Repayment of long-term loans   (2,804) (4,158) (5,844)
Repayment of Debentures   (26,923) (4,532) (9,836)
Cost associated with long term loans   (12,218)
Proceeds from options   19 19
Sale of shares in subsidiaries to non-controlling interests   14,062 13,936
Acquisition of shares in subsidiaries from non-controlling interests   (2,961)
Issuance of warrants   320
Issuance of ordinary shares   13,188 7,807
Proceeds from long term loans, net   80,584 58,894 59,298
Proceeds from issuance of Debentures, net   22,317
Net cash from financing activities   64,365 64,285 72,518
Effect of exchange rate fluctuations on cash and cash equivalents   (357) (55) 259
Increase in cash and cash equivalents   6,723 18,653 7,627
Cash and cash equivalents at the beginning of the period   44,509 36,882 36,882
Cash and cash equivalents at the end of the period   51,232 € 55,535 € 44,509
USD [Member]        
Cash flows from operating activities        
Income (loss) for the period | $ [1] $ (4,782)      
Adjustments for:        
Financing expenses, net | $ [1] 1,243      
Capital gain | $ [1]      
Depreciation | $ [1] 1,621      
Share-based payment transactions | $ [1] 22      
Share of profits of equity accounted investees | $ [1] (952)      
Payment of interest on loan by an equity accounted investee | $ [1] 652      
Change in trade receivables and other receivables | $ [1] 142      
Change in other assets | $ [1] (262)      
Change in receivables from concessions project | $ [1] 789      
Change in accrued severance pay, net | $ [1]      
Change in trade payables | $ [1] (39)      
Change in other payables | $ [1] 412      
Income tax expense (tax benefit) | $ [1] 99      
Income taxes paid | $ [1]      
Interest received | $ [1] 974      
Interest paid | $ [1] (2,076)      
Net cash provided by (used in) operating activities | $ [1] (2,157)      
Cash flows from investing activities        
Acquisition of fixed assets | $ [1] (91,054)      
Acquisition of subsidiary, net of cash acquired | $ [1]      
Proceeds from sale of investments | $ [1]      
Compensation as per agreement with Erez Electricity Ltd. | $ [1] 1,589      
Repayment of loan by an equity accounted investee | $ [1] 2,154      
Proceeds from settlement of derivatives, net | $ [1]      
Proceeds (investment) in restricted cash, net | $ [1] 25,295      
Investment in short term deposit | $ [1]      
Repayment of loan to others      
Net cash used in investing activities | $ [1] (62,016)      
Cash flows from financing activities        
Repayment of long-term loans | $ [1] (3,141)      
Repayment of Debentures | $ [1] (30,161)      
Cost associated with long term loans | $ [1]      
Proceeds from options | $ [1]      
Sale of shares in subsidiaries to non-controlling interests | $ [1]      
Acquisition of shares in subsidiaries from non-controlling interests | $ [1]      
Issuance of warrants | $ [1] 358      
Issuance of ordinary shares | $ [1] 14,774      
Proceeds from long term loans, net | $ [1] 90,275      
Proceeds from issuance of Debentures, net | $ [1]      
Net cash from financing activities | $ [1] 72,105      
Effect of exchange rate fluctuations on cash and cash equivalents | $ [1] (400)      
Increase in cash and cash equivalents | $ [1] 7,532      
Cash and cash equivalents at the beginning of the period | $ [1] 49,861      
Cash and cash equivalents at the end of the period | $ [1] $ 57,393      
[1] Convenience translation into US$ (exchange rate as at June 30, 2020: EUR 1 = US$ 1.120)