Israel Electric Financial and Sector Reform Update
Income Statement
(NIS millions)
(NIS millions)
חברת החשמל
Israel Electric
Revenues
Cost of operating the electricity system
Fuels
Purchases of electricity
12/31/2021
03/31/2021
03/31/2022
22,150
5,070
5,866
5,875
1,118
2,251
6,872
1,407
1,541
Operation of the generation system
4,086
1,021
990
Operation of the transmission and distribution system and others
2,740
694
722
Total costs
19,573
4,240
5,504
Profit from operating the electricity system
2,577
830
362
Other expenses (revenues), net
15
5
(3)
Sales and marketing expenses
Administrative and general expenses
Income from liabilities to pensioners
Reform agreement and other agreements results
Profit (loss) from current operations
Financial expenses, net
Loss before income taxes
Income from taxes on income
Loss after income taxes
Company's share of the profit (loss) of asociated companies
Loss before regulatory deferral accounts
Movement in regulatory deferral accounts balances, net of tax
853
224
193
782
201
203
(47)
(18)
(32)
348
88
58
626
330
(57)
1,912
464
662
(1,286)
(134)
(719)
(266)
(30)
(163)
(1,020)
(104)
(556)
(9)
2
(1,029)
(104)
(554)
2,314
189
839
Profit for the period
1,285
85
285
Profit (loss) with respect to cash flow hedging, net of tax
(74)
25
Remeasurement of a defined benefit plan, net of tax
776
15
1,506
Movement in balances of regulatory deferral accounts balances, net of tax
110
14
(56)
Other Comprehensive profit for the period, net of tax
812
54
1,450
Comprehensive income for the period
2,097
139
1,735
Source: IEC's Financial Statements for Q1-2022
Investor Relations
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