| Dec'17 | ||||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
360,000 | ||||||
Adjustments required to present net cash provided by operating activities: | ||||||
Adjustments to the profit or loss items: | ||||||
Finance expenses, net | ||||||
260,000 | ||||||
Company's share in earnings of equity-accounted investees, net | ||||||
128,000 | ||||||
Fair value gain from investment property and investment property under development, net | ||||||
-131,000 | ||||||
Depreciation and amortization | ||||||
8,000 | ||||||
Taxes on income (tax benefit) | ||||||
-64,000 | ||||||
Impairment loss of other assets | ||||||
10,000 | ||||||
Capital (gain) loss, net | ||||||
-32,000 | ||||||
Loss from a decrease in holding rate in investees | ||||||
1,000 | ||||||
Change in employee benefit liability | ||||||
0 | ||||||
Change in provision for legal claims, net | ||||||
-20,000 | ||||||
Loss from revaluation of investees, net | ||||||
0 | ||||||
Loss from deconsolidation of previously subsidiaries, net (including exercise of capital reserves) | ||||||
260,000 | ||||||
Net loss from sale of subsidiary | ||||||
0 | ||||||
Gain from bargain purchase | ||||||
0 | ||||||
Cost of share-based payments | ||||||
4,000 | ||||||
Adjustments to reconcile profit (loss) | ||||||
168,000 | ||||||
Changes in assets and liabilities items: | ||||||
Decrease (Increase) in trade receivables and other accounts receivable | ||||||
4,000 | ||||||
Decrease inventories of buildings and land less advances from customers and buyers of apartments, net | ||||||
0 | ||||||
Increase (decrease) in trade and other accounts payable | ||||||
-21,000 | ||||||
Increase in tenants' security deposits, net | ||||||
0 | ||||||
Changes in assets and liabilities total | ||||||
-17,000 | ||||||
Net cash provided by operating activities before interest, dividend and taxes | ||||||
545,000 | ||||||
Cash received and paid during the year for: | ||||||
Interest paid | ||||||
380,000 | ||||||
Interest received | ||||||
14,000 | ||||||
Dividend received | ||||||
87,000 | ||||||
Taxes paid | ||||||
42,000 | ||||||
Tax received | ||||||
-2,000 | ||||||
Net cash received and paid | ||||||
319,000 | ||||||
Net cash provided by operating activities | ||||||
226,000 | ||||||
Cash flows from investing activities: | ||||||
Initial consolidation of investment previously accounted for using equity method (a) | ||||||
0 | ||||||
Acquisition of initially consolidated subsidiary (b) | ||||||
0 | ||||||
Deconsolidation of previously consolidated subsidiary (c) | ||||||
-56,000 | ||||||
Investment return and proceeds from sale of investees | ||||||
18,000 | ||||||
Investment in and loans to investees | ||||||
11,000 | ||||||
Acquisition, construction and development of investment property | ||||||
769,000 | ||||||
Investments in fixed assets | ||||||
11,000 | ||||||
Proceeds from sale of investment property net of tax paid | ||||||
585,000 | ||||||
Proceeds from sale of fixed assets | ||||||
0 | ||||||
Grant of long-term loans | ||||||
1,000 | ||||||
Collection of long-term loans | ||||||
4,000 | ||||||
Short-term investments, net | ||||||
-26,000 | ||||||
Investment in financial assets | ||||||
22,000 | ||||||
Proceeds from sale of financial assets and deposits withdrawal | ||||||
344,000 | ||||||
Net cash provided by (used in) investing activities | ||||||
219,000 | ||||||
Cash flows from financing activities: | ||||||
Issue of shares net of issue expenses | ||||||
0 | ||||||
Repayment of loans granted for purchase of Company's shares | ||||||
0 | ||||||
Exercise of share options into Company's shares | ||||||
0 | ||||||
Purchase of treasury shares | ||||||
-21,000 | ||||||
Capital issuance to non-controlling interests, net | ||||||
3,000 | ||||||
Acquisition of non-controlling interests | ||||||
18,000 | ||||||
Sale of shares to non-controlling interests net of tax paid | ||||||
0 | ||||||
Dividend paid to equity holders of the Company | ||||||
59,000 | ||||||
Dividend paid to non-controlling interests | ||||||
194,000 | ||||||
Receipt of long-term loans | ||||||
407,000 | ||||||
Repayment of long-term loans | ||||||
148,000 | ||||||
Receipt (Repayment) of long-term credit facilities from banks, net | ||||||
-36,000 | ||||||
Receipt (Repayment) of short-term credit from banks and others, net | ||||||
61,000 | ||||||
Repayment and early redemption of debentures and convertible debentures | ||||||
685,000 | ||||||
Issue of debentures and convertible debentures | ||||||
130,000 | ||||||
Unwinding of hedging transactions | ||||||
0 | ||||||
Net cash provided by (used in) financing activities | ||||||
-610,000 | ||||||
Exchange differences on balances of cash and cash equivalents | ||||||
-17,000 | ||||||
Increase (decrease) in cash and cash equivalents | ||||||
-182,000 | ||||||
Cash and cash equivalents attributed to discontinued operations | ||||||
0 | ||||||