Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 108

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 108
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 Accounting Pronouncements  

Accounting pronouncements adopted
in the current year

Commencing January 1, 2024, the Company
adopted ASU 2023-07 - Segment Reporting (Topic 280), which requires improvements to Reportable
Segment disclosures, which have been given effect retrospectively in these financial statements.

Newly
issued and not yet adopted accounting pronouncements:

ASU
2023-09 Income Taxes (Topic 740). This pronouncement requires improvements to income tax disclosures, and is effective for annual reporting
periods beginning after December 15, 2025.

NOTE 3 - CASH AND CASH EQUIVALENTS:

Comprised as follows (U. S.
dollars in thousands)

                                                                December 31              
                                                                       2024        2023  
 ─────────────────────────────────────────────────────────────────────────────────────────
  Cash at bank                                                         $854        $573  
  Short-term bank deposits                                            3,247       2,610  
  Total cash and cash equivalent*                                    $4,101      $3,183  
  *Including cash held per commitment to EIB – see Note 10             $364        $387  

NOTE 4 - prepaid
expenses and other receivables(U. S. dollars in thousands)
:

                        December 31                              
                        2024                      2023           
 ─────────────────────────────────────────────────────────────────
  Institutions          $                253      $         200  
  Prepaid expenses                       322                215  
  Others                                  29                 52  
                        $                604      $         467  

F-17

Brenmiller Energy Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 5
- INVENTORY:

Comprised as follows (U. S. dollars in
thousands):

                        December 31                                
                        2024                        2023           
 ───────────────────────────────────────────────────────────────────
  Work in progress      $                1,509      $         546  
  Raw materials                             59                 61  
                        $                1,568      $         607  

As of December 31, 2024, the Company has
acquired inventories in the amount of $912thousand (included in raw materials and work in progress above), in respect of its agreement
to supply a TES facility to Tempo (see Note 12C), and thus completed