Electricity Tariff Update

Balance Sheet (NIS millions) חברת החשמל Israel Electric Assets 12/31/2022 09/30/2022 09/30/2023 Liabilities and Equity 12/31/2022 09/30/2022 09/30/2023 Current assets Current liabilities Cash and cash equivalents 3,654 2,110 817 Credit from banks and other credit providers 5,360 5,467 3,287 Short term investments 459 448 482 Trade payables 3,807 4,490 3,206 Trade receivables for sales of electricity 4,702 5,757 7,049 Other current liabilities 1,365 1,552 1,737 Other current assets 886 1,074 1,499 Customer advances, net of work in progress 834 829 908 Inventory fuel 2,412 2,999 1,181 Provisions 684 671 615 Inventory stores 166 139 190 Total current liabilities 12,050 13,009 9,753 Assets of disposal groups classified as held for sale 1,877 Total current assets 12,279 12,527 13,095 Non-current liabilities Debentures 30,791 28,982 34,076 Liabilities to banks 3,546 3,604 3,377 Liabilities with respect to other benefits after Non-current assets 5,374 5,449 4,631 employment termination Inventory fuel 1,413 1,546 1,284 Deferred taxes, net Long-term receivables 2,111 2,208 1,833 Liability to the State of Israel Investment in associates 13 15 20 Lease liabilities Assets with respect to benefits after 11,000 10,672 13,679 Other liabilities employment termination Fixed assets, net 59,611 59,339 Intangible assets, net 1,153 1,163 59,370 1,137 Total non current liabilities Equity 8,051 8,390 8,789 1,876 1,859 1,923 460 451 488 514 519 508 50,612 49,254 53,792 32,171 32,623 35,244 Total non-current assets 75,301 74,943 77,323 Debit balance of regulatory deferral accounts 11,384 11,159 12,069 Credit balances of regulatory deferral accounts and deferred taxes with respect to regulatory deferral accounts 4,131 3,743 3,698 Total assets and debit balance of regulatory deferral accounts Total liabilities, equity and credit balance of 98,964 98,629 102,487 98,964 98,629 102,487 regulatory deferral accounts Source: IEC's Financial Statements for 9M.2023 Investor Relations 48 48

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