Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 207

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 207
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 that ruling, the District Court denied the applicants’ motion to amend the Approval Request and granted the respondents’ motion for summary dismissal, effectively rejecting the class action at a preliminary stage. As part of the Appeal, the applicants argue that they were denied the right to cross-examine declarants and challenge the dismissal of their personal claims and the court’s order to pay legal costs. Additionally, the applicants requested a stay of execution of the District Court’s ruling regarding the payment of legal expenses. However, on July 29, 2024, the Supreme Court denied the request for a stay of execution.
 
On September 25, 2024, the applicants submitted a motion to introduce new evidence in the Appeal. The respondents opposed the motion, arguing that the new evidence was irrelevant to the Appeal and that its submission constituted an abuse of process. On March 2, 2025, the respondents submit their response.
 
At this early and preliminary stage of the case, it is not possible to estimate the claim’s chances. In light of the above, a provision in respect of the motion was not included in the Company’s financial statements.
 
 
F-52
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Note 17 – Long-term loans
 
 Schedule of Long term Loans
 
A.            Composition          
     of long-term loans from banks:
-----------------------------------

                                          NIS in thousands 
-----------------------------------------------------------
Long-term credit from banks                         113,979
Current maturities of long-term loans                19,279
Long                                                133,258
term loans from banks                                      

B.      Information   
     on material loans
----------------------
    Schedule of Information on Material Loans
 
                                       Original loan amount                Interest Rate                  Loans Period (years)     December 31, 2024               December 31, 2023     
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                     NIS thousands                                                                                NIS thousands                                          
Long-term material loans from bank                132,000      Prime rate plus a spread of 1.5%-2.56%                1.5-5.5                  123,508                         113,471    
Less current maturities                                                                                                                       (15,594   )                     (44,762   )
Total                                                                                                                                         107,914                          68,709    
Note 18 – Equity
 

A.      Composition   
     of share capital:
----------------------
   Schedule of Composition of Share Capital
 
                                                       December 31                                        December 31                  
---------------------------------------------------------------------------------------------------------------------------------------
                                    2024                      2023                  2024                         2023                  
                                        Registered