Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 172

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 172
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ITEM   FINANCIAL 
18.    STATEMENTS
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The consolidated financial statements and the related notes required by this Item are included in this Annual Report beginning on page F-1.
 

115
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Intercure Ltd.
 Consolidated Financial Statements as of December 31, 2024
 
Intercure Ltd.
 
Consolidated Financial Statements as of December 31, 2024
 
Table of Contents

                                                                           Page
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Report of Independent Registered Public Accounting Firm                    F-2 
Consolidated Statements of Financial Position                              F-3 
Consolidated Statements of Profit or Loss and Other Comprehensive Income   F-5 
Consolidated Statements of Changes in Equity                               F-6 
Consolidated Statements of Cash Flows                                      F-9 
Notes to the Consolidated Financial Statements                             F-12

F-1
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Report of Independent Registered Public Accounting Firm
 
To the Shareholders and Board of Directors Intercure Ltd.:
 
Opinion on the Consolidated Financial Statements
 
We have audited the accompanying consolidated statements of financial position of Intercure Ltd. (the Company) as of December 31, 2024 and 2023, the related consolidated statements of profit or loss and other comprehensive income, changes in equity, and cash flows for each of the years in the three-year period ended December 31, 2024, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2024, in conformity with IFRS Accounting Standards as issued by the International Accounting Standards Board (IFRS Accounting Standards).
Basis for Opinion
 
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
 
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the