GCA Financial Targets for Government Companies

Balance Sheet (NIS millions) (NIS millions) חברת החשמל Israel Electric Assets Current assets 12/31/2021 12/31/2022 Liabilities and Equity 12/31/2021 12/31/2022 Current liabilities Cash and cash equivalents 2,454 3,654 Credit from banks and other credit providers 5,425 5,360 Short term investments 332 459 Trade payables 2,786 3,807 Trade receivables for sales of electricity 4,290 4,702 Other current liabilities 1,238 1,365 Other current assets 665 886 Customer advances, net of work in progress 740 834 Inventory fuel 1,489 2,412 Provisions 686 684 Inventory stores 128 166 Liabillities of disposal groups classified as held for sale Assets of disposal groups classified as 160 Total current liabilities 10,875 12,050 held for sale Total current assets 9,518 12,279 Non-current liabilities Debentures 24,488 30,791 Non-current assets Liabilities to banks 5,155 3,546 Liabilities with respect to other benefits after Inventory fuel 1,624 1,413 6,874 5,374 employment termination Long-term receivables 2,294 2,111 Deferred taxes, net 7,198 8,051 Investment in associates 4 13 Liability to the State of Israel 1,793 1,876 Assets with respect to benefits after 8,280 11,000 Lease liabilities 542 460 employment termination Fixed assets, net 59,123 59,611 Other liabilities 592 514 Intangible assets, net 1,188 1,153 Total non current liabilities 46,642 50,612 Total non-current assets 72,513 75,301 Equity 28,825 32,171 Debit balance of regulatory deferral accounts 8,581 11,384 Credit balances of regulatory deferral accounts and deferred taxes with respect to regulatory deferral accounts 4,270 4,131 Total assets and debit balance of regulatory deferral accounts 90,612 98,964 Total liabilities, equity and credit balance of regulatory deferral accounts 90,612 98,964 Source: IEC's Financial Statements for 2022FY Investor Relations 40 40

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