Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 211

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 211
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 repaid during 2023.
 

B.       Transactions    
     with related parties
-------------------------
 
1. Benefits in respect of the employment of key management personnel (including directors) (*) who are employed in the Company:
 
 Schedule of Employed and Non Employed Employment Benefits
 
                                                                                                        For the year ended December 31                                                                     
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                               2024                                                       2023                                                        2022                                                 
                                                                Amount                                                      Amount                                                      Amount             
                                     Number of people           NIS in thousands                 Number of people           NIS in thousands                 Number of people           NIS in thousands   
Short-term employee benefits                        4                         1,807                             4                         2,628                             4                         2,198
Management fees                                     1           759                                             1           781                                             1           675                
Share-based payment                                 4                         1,537                             4                         1,346                             4                         6,362
                                                    4                         4,103                             4                         4,755                             4                         9,235
 
(*) The key management personnel include the Chairman of the Board, the Company’s CEO, CFO and the COO
 
 
F-60
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Note 23 - Balances and Transactions with Related Parties: (Cont.)
 
2. Benefits in respect of key management personnel (including directors) who are not employees of the Company:
 

                                                                                               For the year ended December 31                                                                     
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                      2024                                                       2023                                                        2022                                                 
                                                                    Amount                                                      Amount                                                      Amount
                            Number of people              NIS in thousands              Number of people              NIS in thousands              Number of people              NIS in thousands
Management fees                            4                           556                             4                           518                             4                           739
Share-based payment                        4                            43                             3                             0                             3                            14
                                           4                           599                             4                           518                             4                           753
 
(*) The key management personnel who are not employees of the Company include one director, two outside directors, and one independent director.
 
3. Rental Income - sublease agreement with companies related to the related party
 
The subsidiary Canndoc leases an office floor, and subleases part of the floor to three companies related to the controlling shareholder.
 
Revenue of NIS 169 thousand and NIS 205 and thousand was recorded in the financial statements in 2024 and