Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 197

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 197
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 fair value of the investments in these investees as of December 31, 2024 amounted to a total of NIS 2,480 thousand, in accordance with a valuation which was received from an external valuator (level 3) or quoted marked price (level 1). For additional information see Note 11 above.
 
In accordance with the valuation of the investment, the fair value of shares was estimated according to the Options Pricing Model (OPM) method. In this method the Company’s aggregate equity value is allocated to the underlying equity securities.
 
For details regarding the fair value of the investment in XTL shares, see Note 7 above.
 
 
F-42
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Note 13 – Financial Instruments and Management of Financial Risks: (Cont.)
 
Changes in financial instruments whose fair value measurement was classified at level 3:
 
 Schedule of Financial Assets Measured at Fair Value through Profit or Loss
 
                                                                         Financial assets measured at fair value through profit or loss in         
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                                                                2023                                       2024                                    
                                                                    NIS in thousands                                                               
Opening balance                                                                       1,922                                               2,565    
Profit (loss) which was recognized in the statement of income       225                                                                    (643   )
Closing balance                                                                       2,147                                               1,922    

C.                Sensitivity              
     analysis to changes in market factors:
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The following table specifies the sensitivity to an increase or decrease of 1.5% in the relevant exchange rate. This metric represents the estimate of management regarding reasonably possible changes to the exchange rate. The sensitivity analysis includes current balances of monetary items denominated in foreign currency, and adjusts the translation thereof at the end of the period to a change of 1.5% in foreign currency rates.
 
 Schedule of Sensitivity Analysis in Profit or Loss in Foreign Currency
 
                      Impact of the USD     
--------------------------------------------
                     As of December 31      
                 2024                       
                     NIS in thousands       
Profit or loss                  (167       )

F-43
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Note 14 – Lease liability:
 
Maturity analysis of the Group’s lease liabilities
 
 Schedule of Maturity Analysis of Lease Liabilities
 
                                              December 31, 
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                                        2024               
                                            NIS thousands  
Less than one year                                    4,789
One to five years                                    15,943
More than five years                                  7,258
Total                                                27,990
Current maturities of lease liability                 4,789
Long-term