Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 184

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 184
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 have a significant impact on the amounts which were recognized in the financial statements:
 
Determination of the fair value of biological assets
 
The fair value of biological assets and the cost of inventory on the harvest date is determined based on the overall estimates of management (key assumptions – expected selling price according to the determined arrangements, completion and processing costs, percentage of mature plants), changes in assumptions used to measure fair value may affect the fair value of biological assets.
 
Goodwill
 
For the purpose of determining whether impairment of goodwill has occurred, Company management estimates the recoverable amount to which goodwill has been allocated. For all the periods presented in these financial statements – The recoverable amount was estimated to be higher than the carrying amount of the unit, and no provision for impairment was required. See Note 10.
 
Government grants:
 See Note 12B(A).
 
Expected credits losses:
 See Note 8D, 12A and 12B.
 
 
F-27
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Note 4 – Cash and Cash Equivalents:
  Schedule of Cash and Cash Equivalents
  
                                  2024                    2023      
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                                December                            
                                31                                  
                                       2024        2023             
                                NIS                                 
                                in thousands                        
Cash                                 17,771                   94,819
Short-term deposits                  60,547                    6,320
Total                                78,318                  101,139
cash and cash equivalents                                           
 
The currencies in which balances of cash and cash equivalents are denominated, or to which they are linked, are:
 

                                        2024                    2023      
--------------------------------------------------------------------------
                                      December 31                         
                                             2024        2023             
                                      NIS in thousands                    
EURO                                       -                            24
USD                                        -                           293
NIS                                        78,318                  100,822
Total cash and cash equivalents            78,318                  101,139
Note 5 – Inventory:
 
Inventory is comprised of finished goods of dry packaged or rolled medical cannabis and cannabis oil, as well as the outputs of processing procedures, which include, inter alia, agricultural produce which has been transferred from biological assets, where the procedure of processing into finished goods has not yet been completed. 
  Schedule of Inventory
 
                                           2024                     2023      
------------------------------------------------------------------------------
                                         December 31                          
                                                 2024        2023             
                                         NIS in thousands                     
Finished goods                                 62,706                   60,468
Goods