Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 188

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 188
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 by providing it inventory of NIS 20 million and it has also provided the partnership a loan of NIS 20 million.
 
During 2024 the partners agreed to terminate the partnership and accordingly the loan was reclassified to other receivables (see Note 12B).
 
 
F-33
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Note 8 – Investment in Subsidiaries: (Cont.)
 

E.             Loss          
     of control in subsidiary
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Details in respect of subsidiaries
 

A.                                               In                                            
     March 2024, the Company signed an agreement to end the engagement between the Company and 
           the minority interest shareholders of “Maayan Haim” pharmacy, which was signed      
     in October 2021. As a result, Maayan Haim pharmacy is no longer controlled by the Company.
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   The Company recognized a profit from loss of control in the amount of NIS 1,264 thousand which was recognized as part of other income.
 

B.                                               In                                            
     August 2024, the Company signed an agreement to end the engagement between the Company and
          the minority interest shareholders of “Amirim Pharm” pharmacy, which was signed      
     in August 2022. As a result, Amirim Pharm pharmacy is no longer controlled by the Company.
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The Company recognized a profit from loss of control in the amount of NIS 62 thousand which was recognized as part of other income.
 
Identifiable assets acquired and liabilities disposed of:
  Schedule of Amounts Recognized on Acquisition
  
                                                         NIS in thousands     
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Cash and cash equivalents                                           (1,575   )
Trade and other receivables                                         (4,468   )
Inventories                                                         (1,351   )
Property, plant and equipment and right-of-use asset                (3,601   )
Trade and other payables                                             4,638    
Financial liabilities                                                1,020    
Overdraft                                                            1,322    
Goodwill                                                              (270   )
Lease liability                                                      2,725    
Total identifiable net assets                                       (1,560   )

The aggregate cash flows derived for the Company as a result of the disposal:
 Schedule of Acquisition of Cash Flows

                                                     NIS in thousands     
--------------------------------------------------------------------------
Cash and cash equivalents received                            -           
Less cash and cash equivalents of the subsidiary              (253       )
Total                                                         (253       )

F-34
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Note 9 – Property, Plant and Equipment and right of use assets:
 Schedule of Property, Plant