Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 198

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 198
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 lease liability                            23,201
Payments of lease liabilities                         5,225
 
Amounts recognized in profit or loss
 
 Schedule of Recognized Profit or Loss

                                                                                         2024                  2023                  2022       
------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                       NIS thousands         NIS thousands         NIS thousands
Interest expenses on lease liability                                                             820                   726                   719
Variable lease payments not included in the measurement of the lease liability                 1,152                 1,330                   988
Total                                                                                          1,972                 2,056                 1,707

F-44
----
Note 15 – Taxes on Income:
 

A.                 Tax              
     rates applicable to the Company
------------------------------------
 
The corporate tax rate has been 23% since 2018.
 

B.       Tax    
     assessments
----------------
 
In accordance with the agreement with the tax authorities, the Company has tax assessments that are considered as final up to and including the tax year 2018.
 

C.                  Carryforward               
     tax losses and other temporary differences
-----------------------------------------------
 
The Company has business losses and capital losses for tax purposes which are carried forward to future years and which amount to, as of December 31, 2024, a total of approximately NIS 161,770 thousand.
 

D.   Deferred
      taxes  
-------------
 
The Company recorded deferred tax in the amount of NIS 37,207 thousand in respect of the balance of carryforward loss in the amount of NIS 161,770 thousand. 
 

(1)                Recognized            
      deferred tax assets and liabilities
-----------------------------------------
 
Deferred taxes are calculated according to the tax rate anticipated to be in effect on the date of reversal as stated above.
 
The movement in deferred tax assets and liabilities is attributable to the following items:
 
 Schedule of Deferred Tax Assets and Liabilities
 
Balance of deferred tax asset                         24,681    
(liability) as at January 1, 2024                               
Deferred tax asset liability, beginning balance       24,681    
Changes recognized in biological assets                 (966   )
Changes recognized in carryforward tax losses         14,228    
Other changes                                     422           
Balance of deferred tax asset                                   
(liability) as at December 31, 2024                   38,365    
Deferred tax asset liability, ending balance          38,365    

E.   Current
      taxes 
------------
   The Company recorded a provision for current taxes in