Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 183

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 183
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 asset
 
After lease commencement, a right-of-use asset is measured on a cost basis less accumulated depreciation and accumulated impairment losses and is adjusted for re-measurements of the lease liability. Depreciation is calculated on a straight-line basis over the useful life or contractual lease period, whichever earlier, as follows:

    ☐        5-10
Buildings   years
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Subleases
 
In leases where the Group subleases the underlying asset, the Group examines whether the sublease is a finance lease or operating lease with respect to the right-of-use received from the head lease. The Group examined the subleases existing on the date of initial application based on the remaining contractual terms at that date.

R.                                    New                                  
     standards, amendments to standards and interpretations not yet adopted
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                                                     Standard/interpretation/                                                                                                                      The                                                                                                                              Effective                                                                                                                              Effects                                                                
                                                            amendment                                                                                                                requirements of the publication                                                                                                     date and transitional provisions                                                                                                                                                                                         
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IFRS                                                                                                                                The                                                                                                                                  Effective                                                                                                                          The                                                                                                                                   
18, Presentation and Disclosure in Financial Statements, which replaces International Accounting Standard 1 (IAS 1), Presentation   new standard will include existing requirements of IAS 1 and new requirements for presentation in the statement of profit or loss,   for annual reporting periods beginning on or after January 1, 2027. Early application is permitted, with disclosure required for   Company is not performing early application and will evaluate the impact of the new standard in the future. While the standard is     
of Financial Statements (hereinafter: “IAS 1”).                                                                                     including the presentation of amounts and subtotals required under the new standard, disclosure of management-defined performance    periods beginning on or after January 1, 2025.                                                                                     expected to change the presentation of the statement of profit or loss and expand disclosures, it is not expected to materially affect
                                                                                                                                    measures, and new requirements for grouping and disaggregating financial information.                                                                                                                                                                                   the measurement or recognition of amounts in the financial statements.                                                                

F-25
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Note 2 - Material Accounting Policies (Cont.)
 

S.                                    Initial                                 
     application of new standards, amendments to standards and interpretations
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                                                     Standard/interpretation/                                                                                                                           The                                                                                                                                     Effective                                                                                                   Effects                                   
                                                            amendment                                                                                                                     requirements of the publication                                                                                                            date and transitional provisions                                                                                                                                 
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Amendment                                                                                                                           The                                                                                                                                           The                                                                                                                                     Application