Investor Presentaiton
Net Financial Debt (1) Over Time
Prepared According to
Government Companies
Regulations
IFRS
חברת החשמל
Israel Electric
$13.4
(NIS bn)
$13.8
51.7
$13.1
49.9
$11.5
46.9
$11.3
$11.7
44.6
43.2
42.1
$10.7
$10.1
$10.2
38.3
$10.3
$10.0
36.1
36.0
$8.7
34.7
32.4
30.0
(2)
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Q1.2023
Source: IEC's Financial Statements for 2012FY-2022FY and for Q1.2023
1.
2.
Net financial debt is a non-GAAP measure that is defined as credit from banks and other credit providers, plus total long-term debt (including debentures, long-term liabilities to banks, including hedge transactions, liabilities to the
State of Israel), leases liabilities and CPI linkage differentials regulatory deferral account, less; cash and cash equivalents, short-term investments, long and short term receivables in respect of forward contracts and swap
transactions, and long-term deposits to secure swap transactions.
As from 01/01/2019, "net financial debt" also includes lease liabilities.
Figures denote USD figures at USD/NIS average exchange rate of 3.86, 3.61, 3.58, 3.89, 3.84, 3.60, 3.59, 3.56, 3.44,3.23, 3.36 and 3.54 for 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY,2020FY, 2021FY, 2022FY
and Q1.2023, respectively.
Investor Relations
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