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Balance Sheet (NIS millions) חברת החשמל Israel Electric (NIS millions) Assets Current assets 12/31/2019 12/31/2020 Liabilities and Equity 12/31/2019 12/31/2020 Current liabilities Cash and cash equivalents 3,190 4,107 Credit from banks and other credit providers 6,110 3,831 Short term investments 427 358 Trade payables 2,127 2,453 Trade receivables for sales of electricity 4,384 4,600 Other current liabilities 1,157 1,391 Other current assets 702 651 Customer advances, net of work in progress 440 568 Inventory - fuel 671 584 Provisions 658 665 Inventory stores - 151 142 Liabilities of disposal groups classified as held for sale 340 142 Assets of disposal groups classified as held for sale 1,903 111 Total current liabilities 10,832 9,050 Total current assets 11,428 10,553 Non-current liabilities Debentures 28,469 25,817 Non-current assets Liabilities to banks 3,887 3,278 Inventory - fuel 1,753 1,742 Liabilities with respect to other benefits after employment 6,354 6,676 termination Long-term receivables 2,315 1,852 Deferred taxes, net 6,003 6,524 Investment in associates 19 13 Liability to the State of Israel 1,783 1,762 Assets with respect to benefits after employment 4,825 6,552 845 709 Lease liabilities termination Fixed assets, net 57,620 58,028 Other liabilities 588 557 Intangible assets, net 1,241 1,217 Total non current liabilities 47,929 45,323 Total non-current assets 67,773 69,404 Equity 24,650 26,728 Debit balance of regulatory deferral accounts 8,338 6,935 Credit balances of regulatory deferral accounts and deferred taxes with respect to regulatory deferral accounts 4,128 5,791 Total assets and debit balance of regulatory deferral accounts 87,539 86,892 Total liabilities, equity and credit balance of regulatory deferral accounts 87,539 86,892 Source: IEC's Financial Statements for 2020FY Investor Relations 30

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