IEC Transmission Segment Development Plan 2023-2027
Income Statement
(NIS millions)
(NIS millions)
Revenues
חברת החשמל
Israel Electric
For the period:
12/31/2022
06/30/2022
06/30/2023
23,105
10,581
11,144
Cost of operating the electricity system
Fuels
9,561
4,227
3,704
Purchases of electricity
5,933
2,868
2,926
Operation of the generation system
4,094
2,026
1,829
Operation of the transmission and distribution system and others
2,840
1,406
1,497
Total costs
22,428
10,527
9,956
Profit from operating the electricity system
677
54
1,188
Other revenues, net
(1,405)
(1,378)
(82)
Sales and marketing expenses
819
397
426
Administrative and general expenses
856
419
423
Income from liabilities to pensioners
(148)
(70)
(147)
Reform agreement and other agreements results
212
135
125
Profit from current operations
343
551
443
Financial expenses, net
1,356
750
784
Loss before income taxes
(1,013)
(199)
(341)
Income from taxes on income
(226)
(41)
(71)
Loss after income taxes
(787)
(158)
(270)
Company's share of the profit of asociated companies
2
7
Loss before regulatory deferral accounts
(787)
(156)
Movement in regulatory deferral accounts balances, net of tax
2,561
1,016
(263)
1,006
Profit for the period
1,774
860
743
Profit with respect to cash flow hedging, net of tax
60
58
7
Remeasurement of a defined benefit plan, net of tax
1,693
737
825
Movement in balances of regulatory deferral accounts balances, I
(181)
(145)
(37)
Comprehensive income for the period
3,346
1,510
1,538
Source: IEC's Financial Statements for H1.2023
Investor Relations
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