Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 195

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 195
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 a leading bank in Israel and other financing institutions. In accordance with the agreement, as of December 2024 and 2023, the Company assigned, through absolute assignment by way of sale, customer debt in the amount of approximately NIS 7 million and 59 million, respectively with an estimate annual interest of 7.6%. and 7%, respectively.
 
 
F-40
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Note 13 – Financial Instruments and Management of Financial Risks: (Cont.)
 

3)   Liquidity
       risk:  
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The Company evaluates the risk of cash shortage using monthly budgets.
 
The following table presents the repayment periods of the Group’s financial liabilities, in accordance with their contractual terms, by undiscounted amounts (including payments in respect of interest): 
 
As of December 31, 2024
  Schedule of Financial Liabilities Contractual Terms, by Undiscounted Amounts
 
                                              Up to one year              One year or more               Total    
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                                            NIS in thousands                                                      
Credit from banking corporations **                    69,435                      111,334                 180,769
Trade payables and other payables                     114,559                      -                       114,560
Lease liability (1)                                     4,789                      23,201                   27,990
Total                                                 188,783                      134,535                 323,319
financial liabilities undiscounted amount                                                                         
As of December 31, 2023:
 

                                              Up to one year              One year or more               Total    
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                                            NIS in thousands                                                      
Credit from banking corporations **                    88,194                      82,202                  170,396
Trade payables and other payables                     128,952                      -                       128,952
Lease liability (1)                                     4,640                      20,641                   25,281
Total                                                 221,786                      102,843                 324,629
Financial Liabilities Undiscounted Amount                                                                         

**                                                          The Company is                                                       
     in compliance with the required financial covenants. Therefore, the liabilities are presented under non-current liabilities.
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(1)                                                           The                                                         
      Company has lease agreements for the Company’s offices in Herzliya and for the pharmacies located throughout Israel.
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The term of the lease agreements ends between 2025 – 2036, depending on the location.
 

D.                       Change