Investor Presentaiton
Net Financial Debt (1) Over Time
Prepared According to
Government Companies
Regulations
IFRS
NIS, bn
$13.9
51.8
$14.4
50.0
$12.0
48
46.9
$11.6
44.6
$11.3
43.2
43
$12.1
42.1
$10.2
38.3
38
$10.4
36.1
33
חברת החשמל
Israel Electric
$9.3
30.0
28
(2)
2012
2013
2014
2015
2016
2017
2018
2019
2020
Source: IEC's Financial Statements for 2012FY-2020FY
1.
2.
IEC defines "net financial debt" as credit from banks and other credit providers, total long-term debt (including debentures, long-term liabilities to banks, including hedge transactions, lease liabilities, debentures to the
State of Israel and liabilities to the State of Israel), less cash and cash equivalents, short-term investments and other receivables (including receivables for forward contracts and swap transactions, MTM and long-term
deposits and regulatory deferral account assets with respect to linkage differentials).
As from 01/01/2019, "net financial debt" also includes lease liabilities.
Denotes USD figures at USD/NIS exchange rate of 3.85, 3.47, 3.75, 3.46 & 3.22 for the end of period of 2016FY, 2017FY, 2018FY, 2019FY & 2020FY, respectively
Investor Relations
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