Investor Presentaiton
Income Statement
(NIS millions)
(NIS millions)
Revenues
12/31/2022
23,105
חברת החשמל
For the period:
09/30/2022
Israel Electric
09/30/2023
17,906
19,364
Cost of operating the electricity system
Fuels
9,561
7,158
5,927
Purchases of electricity
5,933
4,681
5,624
Operation of the generation system
4,094
3,082
2,725
Operation of the transmission and distribution system and others
2,840
2,130
2,278
Total costs
22,428
17,051
16,554
Profit from operating the electricity system
677
855
Other revenues, net
(1,405)
(1,390)
Sales and marketing expenses
819
603
2,810
(157)
630
Administrative and general expenses
856
630
708
Income from liabilities to pensioners
(148)
(112)
Reform agreement and other agreements results
212
168
(227)
165
Profit from current operations
343
956
1,691
Financial expenses, net
1,356
1,165
1,092
Income (loss) before income taxes
(1,013)
(209)
599
Expenses (Income) from taxes on income
(226)
(41)
150
Income (loss) after income taxes
(787)
(168)
449
Company's share of the profit of asociated companies
2
7
Income (loss) before regulatory deferral accounts
(787)
(166)
456
Movement in regulatory deferral accounts balances, net of tax
2,561
2,547
1,137
Profit for the period
1,774
2,381
1,593
Profit with respect to cash flow hedging, net of tax
60
23
16
Remeasurement of a defined benefit plan, net of tax
1,693
1,602
1,548
Movement in balances of regulatory deferral accounts balances, ne
(181)
(208)
(84)
Comprehensive income for the period
3,346
3,798
3,073
Source: IEC's Financial Statements for 9M 2023
Investor Relations
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