Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 112

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 112
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ed average remaining lease term                       1.2 years      2.2 years  
  Weighted average discount rate                                   7.92           7.17  

As of December 31, 2024, the maturities
of operating lease liabilities were as follows (U. S. dollars in thousands):

  Year ending December 31,                                    
 ──────────────────────────────────────────────────────────────
  2025                                                   501  
  2026                                                    18  
  2027                                                    12  
  Total undiscounted lease payments                      531  
  Less – imputed interest                               ( 11  
  Present value of lease liabilities*                    520  
  * Including amounts linked to the Israeli CPI of       246  

NOTE 9 - TAXES ON INCOME:

  Taxation of companies in Israel  

The revenue of the Company and its subsidiary
in Israel are subject to corporate tax at a regular rate.

The corporate tax rate that applies to
the Company’s profits is23%.

Capital gains of the Company and its subsidiary
in Israel are taxable according to the regular corporate tax rate applying to the tax year.

  Losses carried forward for tax purposes  

As of December 31, 2024, the Company
had losses carried forward in the amount of approximately $76million, which can be used to offset against future taxable income in future
years without a time constraint. In addition, the Company has capital loss carried forward of approximately $11million, that can be utilized
only against future taxable capital gain.

F-20

Brenmiller Energy Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 - TAXES ON INCOME(cont.):

  Deferred income taxes (U. S. dollars in thousands):  

                                             December 31                
                                                    2024                
 ────────────────────────────────────────────────────────────────────────
  Deferred tax assets                                                   
  Tax loss carryforward*                          20,107        17,991  
  Research and development                           580           610  
  Employee and payroll accrued expenses               33            43  
  Operating lease liabilities                        128           263  
  Other                                              166           123  
  Total gross deferred tax assets                 21,014        19,030  
  Deferred tax liabilities:                                             
  Operating lease assets                             128           263  
  Total deferred tax assets, net                  20,886        18,767