Israel Electric Financial and Sector Reform Update
Historical Cash Flow
(NIS bn)
$1.8
$1.9
$1.6
$1.6
6.3
6.5
5.8
5.8 5.6
6.5 6.5
$1.5
5.6
4.8
5.0
$0.2
0.6
$0.4
1.4
חברת החשמל
Israel Electric
$0.13
0.4
(1.3)
(2.7)
(3.7)
($0.4)
(3.1) (3.3)
(0.1)
(1.2)
(1.4) (1.7)
(1.3)
($0.03)
($0.4)
($0.4)
($0.4)
($0.5)
($0.8)
($0.9) ($0.9)
(4.8)
(5.2)
($1.0)
($1.3)
(6.3)
($1.6)
($1.8)
2017
2018
2019
2020
2021
Q1.2021
Q1.2022
(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 2017FY-2021FY and for Q1.2021, Q1-2022.
1. Investment activities excluding repayment (or deposits) of bank deposits. Total cash from investment activities figures as reported for 2017FY & 2020FY are NIS (2.2) bn & NIS 0.7 bn, respectively.
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, 3.59, 3.56, 3.44,3.23, 3.33 & 3.2 for 2017FY, 2018FY, 2019FY,2020FY, 2021FY, Q1.2021 & Q1.2022 respectively
Investor Relations
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