Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 186

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 186
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 equivalents                  
Total                                           1,108 

F-31
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Note 8 – Investment in Subsidiaries:(Cont.)
  Schedule of Amounts Recognized on Acquisition
 
C.                                   Amounts                                 
     recognized on the acquisition date in respect of assets and liabilities:
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                                                         NIS in thousands     
------------------------------------------------------------------------------
Cash and cash equivalents                                            1,108    
Restricted cash                                                        361    
Trade and other receivables                                          3,325    
Inventory                                                            2,622    
Property, plant and equipment and right-of-use asset                10,199    
Goodwill                                                               517    
Short-term loan                                                       (163   )
Trade and other payable                                            (15,134   )
Lease liability                                                     (3,506   )
Total identifiable net assets                                         (671   )

D.   Goodwill
-------------
 
The consideration which was paid in the business combination included amounts associated with the expected benefits from synergy (collaboration), growth in revenue, and future developments in the Subsidiaries operating market. These benefits are not recognized separately from goodwill, since the future economic benefits which are expected to arise from them are not reliably measurable. All of the above led to the recognition of goodwill in the amount of NIS 7,422 thousand.
 
The goodwill is attributable mainly to the skills and technical talent of the acquiree’s work force, and the synergies expected to be achieved from integrating the Company into the group’s existing regular business.
 

E.                      Impact                  
     of the acquisition on the Company’s results
------------------------------------------------
 
Total revenue for the consolidation period ended December 31, 2024 includes approximately NIS 33,135 thousand which is attributable to the Subsidiaries acquired.
 
Additionally, total comprehensive loss for the consolidation period ended December 31, 2024 includes loss of approximately NIS 6,598 thousand which is attributable to Subsidiaries acquired.
 
Had the acquisition taken place at the beginning of the twelve-month period ended December 31, 2024, the total revenue of the acquired subsidiaries would have been NIS 39,901 thousand.
 

F.                                                  At                                               
     the date of business combination the consideration payable in shares was classified as financial
       liability measured at fair value through profit and loss. As the number of Company’s shares   
      to be issued was updated by the parties, and the market price of the Company’s share changed,  
                          the Company recorded other expenses of NIS 6 million.                      
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F