Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 111

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 111
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 presented on the basis of the net realizable value of its main asset (presented
as “other asset” in the balance sheet). In 2023, the Company commenced legal proceedings for the liquidation of the subsidiary
(that is still in process to date). During 2024, the Company wrote-off the remaining value of the asset (see Note 13G).

Net loss derived from the closure
of Rotem 1 project, as presented in the statement of comprehensive loss for the year 2022, is comprised of a write-down loss in the amount
of $360thousand, of the equipment above, vacating expenses of $16thousand, net of lease termination gain of $125thousand.

NOTE 8 - OPERATING LEASES:

The Company’s leases include production
space for its new production facility (see Note 7B), office premises and car leases, which are all classified as operating leases. The
lease term for the production space is for5years and the office premises are leased for a 5 year period which terminates in August 2025. The car leases are generally for a three
year period.

As collateral for the office and
lease agreement, a restricted deposit was pledged against bank guarantees provided to the property owner. The balance of the restricted
deposit, presented as a non-current asset as of December 31, 2024 and 2023, amounted to $86thousand and $85thousand, respectively.

Operating lease expenses and cash flows
for the years ended December 31, 2024 and 2023 totaled $682thousand and $730thousand, respectively.

The operating lease costs include variable
lease payments of $11thousand in 2024 and $7thousand in 2023, in respect of linkage differences to the Israeli CPI.

F-19

Brenmiller Energy Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8 - OPERATING LEASES(cont.):

Supplemental information related to
leases:

Balance
sheet information (U. S. dollars in thousands):

                                             December 31                                
                                                    2024                                
 ────────────────────────────────────────────────────────────────────────────────────────
  Operating lease right-of-use assets                               560          1,144  
  Current lease liabilities                                         501            611  
  Non-current lease liabilities                                      19            533  
  Total lease liabilities                                           520          1,144  
  Weight