Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 194

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 194
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 minimize possible negative effects on the Company’s financial performance. 
 

1)   Market
     risks:
-----------

A.      Foreign   
     currency risk
------------------
 
The carrying amounts of the Group’s financial assets and liabilities which are denominated in foreign currency are as follows:
 
 Disclosure of Foreign Currency Financial Assets and Liabilities
 
                                       2024                           2023                       2024                           2023          
----------------------------------------------------------------------------------------------------------------------------------------------
                                 Assets                                                    Liabilities                                        
                                 As of December 31                                         As of December 31                                  
                                                2024        2023                                          2024        2023                    
                                 NIS in thousands                   NIS in thousands       NIS in thousands                   NIS in thousands
Cash – EURO                                 -                                     24                  -                                      -
Cash – USD                                  -                                    293                  -                                    541
Cash                                        -                                    293                  -                                    541
Investment in Fore – USD                    2,147                           1,922                     -                                      -
Investment in Cavnox – USD                  -                               -                         -                                      -
Investment                                  -                               -                         -                                      -
Other receivables – USD                     1,425                           1,111                     -                                      -
Trade payables – USD                        -                               -                         12,491                            13,380
Trade payables - EURO                       -                               -              0                                                 -
Trade payables – CAD                        -                               -                         2,197                                921
Trade payables                              -                               -                         2,197                                921

B.   Price
      risk
----------
 
The Company has invested in marketable shares listed on a stock exchange, which are classified as financial assets in respect of which the Group is exposed to risk due to volatility in the security’s price, which is determined based on market prices on the stock exchange. The balance of these investments in the financial statements as of December 31, 2024 is NIS 333 thousand.
 

2)   Credit
      risk 
-----------
 
Cash and cash equivalents:
   Credit risk arises in respect of cash and cash equivalents. The Company engaged with banking corporations which have been given minimum independent ratings of AA. 
 
Customer debt:
 
The terms of customer credit are up to end of month + 90 days. The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Company evaluates provisions for doubtful debts on a case by case basis. The Company has a factoring agreement in respect of customer debt with