Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 176

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 176
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 Company and its subsidiaries.                                                                                                             
Related        -   As                                                                                                                                        
Parties            defined in IAS 24.                                                                                                                        
USD            -   U.S.                                                                                                                                      
                   dollars.                                                                                                                                  
NIS                New                                                                                                                                       
                   Israeli shekel.                                                                                                                           
Subsidiaries   -   Companies                                                                                                                                 
                   which are controlled by the Company (as defined in IFRS 10), directly or indirectly, and whose financial statements are fully consolidated
                   with the Company’s reports.                                                                                                               
Investee       -   Subsidiaries                                                                                                                              
companies          and companies, including a partnership or joint venture, the Company’s investment in which is stated, directly or indirectly,             
                   on the equity basis.                                                                                                                      
Controlling    -   As                                                                                                                                        
shareholder        defined under the Israeli Companies Law.                                                                                                  

F-15
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Note 2 - Material Accounting Policies
 
Framework for preparation of the financial statements 
 
The accounting policy described below was applied in the financial statements consistently, in all of the presented periods, unless specified otherwise. 
 

A.              Presentation          
     basis of the financial statements
--------------------------------------
 
The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB).
 
The Company’s financial statements are prepared on a historical cost basis, except for financial and biological assets measured at fair value through profit or loss and contingent consideration. 
 
In its preparation of the financial statements, management is required to use material accounting estimates. Management is also required to exercise discretion in the process of applying the material accounting policies. The issues which require significant discretion and the use of estimates, which have a significant impact on the amounts which were recognized in the financial statements, are specified in Note 3. Actual results may differ significantly from the estimates and assumptions which were used by Company management. 
 

B.           Functional       
     and presentation currency
------------------------------
 
These consolidated financial statements are presented in NIS, which is the Company’s functional currency, and have been rounded to the nearest thousand, except when otherwise indicated. The NIS is the currency that represents the principal economic environment in which the Company operates.
 
 
F-16
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Note 2 - Material Accounting Policies (Cont.)
 

C.        Basis      
     of consolidation
---------------------
 
Non-controlling interests
 
Non-controlling interests comprise the equity of a subsidiary that cannot be attributed, directly or indirectly, to the parent company.
 
Measurement of