Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 192

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 192
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,458                   61,325
Prepaid expenses                                   1,507                    1,285
Prepayments to suppliers                           4,501                   29,464
Loans to non-related parties, net (B)             40,857                   40,532
Receivables revenue                                  608                      713
Loans to related parties                             614                    3,416
Others                                             8,115                    4,381
Other                                            134,660                  141,116
Receivables                                                                      

F-38
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Note 12 – Receivables and Payables (Cont.)
 

(A)   As of December 31, 2024, and 2023 the Company received cumulative advance payments for compensation from the Tax authorities due to damage
       caused by the Iron Swords War to the southern facility in a total amount of NIS 63 million and NIS 31 million, respectively. As of April 
      30, 2025, the Company received additional NIS 20 million as an advance compensation payment, which increased the total cumulative advance 
                                                     payments for compensation to NIS 83 million.                                               
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The institutions balance as of December 31, 2024 and 2023, contains the additional compensation that the Company has reasonable assurance to receive from the Tax authorities, which is based on the Company and its advisors estimates, at an amount of NIS 62 million and NIS 56 million, respectively.
 
Generally, compensation received in respect of damage (such as lose of inventory) is recorded in cost of revenue and compensation received in respect of loss of revenue is recorded in other income.
 
As a result, the Company recorded in 2024 and 2023 other income in the amount of NIS 36 million and NIS 30 million, respectively.
 
The Company recorded in 2024 and 2023 cost of revenue in the amount of NIS 50 million and NIS 7 million, respectively. See also note 1(B)2 and Note 19(D)A.
  

(B)                                                 The                                              
      balance as of December 31, 2024, is comprised mainly of debts and loans provided to non-related
          parties as part of mergers and acquisitions processes which did not materialize and were   
        not completed, net of respective provision for impairment. Debts and loans of approximately  
       NIS 52 million includes Better transaction (see Note