Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 196

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 196
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     in interest curves and inflation expectations
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As from 2021 inflation rates in Israel and the world have been rising – in 2021 the rate of change in the Consumer Price Index in Israel increased, an increase that continued also in 2024. Along with the worldwide rise in prices, central banks around the world decided to raise interest rates with the aim of curbing rising prices. The changes in interest rates had some effect on items in the financial statements as the Company has loans in the amount of NIS 170 million as of December 2023, and the rise in interest increased the Company’s finance expenses. In 2024 there were no significant changes in interest rates and therefore there was no further impact on the company. As of December 2024 the Company has loans in the amount of NIS 183 million.
 
The changes in the Consumer Price Index in Israel had minor effect on items in the financial statements.
 
 
F-41
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  Note 13 – Financial Instruments and Management of Financial Risks: (Cont.)
 

B.     Disclosure 
     of fair value
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The following table presents the Company’s financial assets and financial liabilities which are measured at fair value as of December 31, 2024:
 
 Schedule of Financial Assets measured in Fair Value
 
                                                                   Level 1             Level 2              Level 3               Total   
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                                                                                                                          NIS in thousands
Assets:                                                                                                                                   
Financial assets measured at fair value through profit or loss:                                                                           
Investments in investees                                                 83                 -                   2,147                2,230
Investment in XTL stocks                                                250                 -                   -               250       
Total assets                                                            333                 -                   2,147                2,480
 
The following table presents the Company’s financial assets and financial liabilities which are measured at fair value as of December 31, 2023:
 

                                                                   Level 1             Level 2              Level 3               Total   
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                                                                                                                          NIS in thousands
Assets:                                                                                                                                   
Financial assets measured at fair value through profit or loss:                                                                           
Investments in investees                                                 53                 -                   1,922                1,975
Investment in XTL stocks                                                134                 -                   -               134       
Total assets                                                            187                 -                   1,922                2,109
 
Financial assets
 
The Company has investments in investees measured at fair value through profit or loss.
 
The