GCA Financial Targets for Government Companies
Historical Cash Flow
(NIS bn)
חברת החשמל
Israel Electric
$1.9
$1.8
$1.6
$1.5
6.5
6.5
6.5
6.3
5.8
5.6
5.6
4.8
5.0
$0.7
($0.8)
2.8
2.2
$0.2
0.6
(1.3)
(3.1) (3.3)
($0.4)
($0.9)
($0.9)
(4.8)
(5.2)
(1.2)
($0.4)
(3.8)
($1.1)
($1.3)
(6.3)
($1.6)
($1.8)
2018
2019
2020
2021
2022
(2)
Operating activities
Investment activities, net (1)
Financing activities
- Total Liquidity
Generating sufficient cash flow from operations enables IEC to decrease debt,
preserving a sound liquidity position
Source: IEC's Financial Statements for 2018FY-2022FY
1. Investment activities excluding repayment (or deposits) of bank deposits.
2. IEC defines "liquidity" as cash and cash equivalents, short term investments and available credit facilities.
Financial Figures denote USD figures at USD/NIS average exchange rate of 3.60, 3.56, 3.44, 3.23, 3.36 for 2018FY, 2019FY,2020FY, 2021FY and for 2022FY respectively
Investor Relations
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