Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 189

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 189
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 )                   (870   )            (1,636   )
Additions during the year                                     789                                             2,976          257                                  8,937                12,959    
Balance as of December 31, 2023                                                 7,602                        36,035                   15,807                     78,199               137,643    
Less accumulated depreciation                                                                                                                                                                    
Balance as of January 1, 2023                                                   1,490                         7,364                    3,131                     11,202                23,187    
Disposals                                                                           -                          (284   )                  (41   )                   (447   )              (772   )
Impairment loss                                                                     -                             -          916                                  3,673                 4,589    
Additions during the year                                                       1,490                         4,982                    1,797                      4,897                13,166    
Balance as of December 31, 2023                                                 2,980                        12,062                    5,803                     19,325                40,170    
Property, plant and equipment, net, as of December 31, 2023                     4,622                        23,973                   10,004                     58,874                97,473    

F-35
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Note 10 – Goodwill:
 

A.        Movement     
     in carrying amount
-----------------------
 Schedule of Goodwill
 
                                      Goodwill        
------------------------------------------------------
                                  NIS thousands       
Balance as at December 31, 2022            284,181    
Impairment loss                            (63,101   )
Balance as at December 31, 2023            221,080    
Acquisitions during 2024                     8,062    
Disposal of subsidiaries                    (4,548   )
Balance as at December 31, 2024            224,594    

B.        Goodwill     
     impairment testing
-----------------------
 
In order to test the impairment of goodwill, the goodwill was allocated to the Cannabis segment (See Note 2I).
 
In December 31, 2023 the recoverable amount of the cash-generating unit was based on its value in use and was determined by discounting the future cash flows to be generated from the continuing use of the unit with the assistance of independent valuers.
 
The carrying amount of the unit was determined to be higher than its recoverable amount of NIS 391,720