| Leases |
Note
26 - Leases
Within
the framework of the lease agreements, the Group leases the following items:
1.
Land;
2.
Offices and vehicles.
The
Group mostly leases land for the purpose of building renewable energy facilities. The total sum of the right-of-use asset which was recognized
in the statement of financial position as of December 31, 2025 in respect of leases amounted to USD 225,495
thousand. The total lease liability which was recognized in the statement of financial position as of December 31, 2025 in respect of
land leases amounted to USD 243,531
thousand.
Right-of-use
assets
Composition
|
USD
in thousands |
|
Land
|
|
|
Offices
and vehicles |
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
as of January 1, 2025 |
|
|
208,146
|
|
|
|
2,795
|
|
|
|
210,941
|
|
|
Additions
|
|
|
2,536
|
|
|
|
2,445
|
|
|
|
4,981
|
|
|
Depreciation
of right-of-use assets |
|
|
(8,709
|
)
|
|
|
(1,288
|
)
|
|
|
(9,997
|
)
|
|
Linkage to
index |
|
|
4,611
|
|
|
|
11
|
|
|
|
4,622
|
|
|
Reserve for
translation differences |
|
|
14,598
|
|
|
|
350
|
|
|
|
14,948
|
|
|
Balance
as of December 31, 2025 |
|
|
221,182
|
|
|
|
4,313
|
|
|
|
225,495
|
|
|
USD
in thousands |
|
Land
|
|
|
Offices
and vehicles |
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
as of January 1, 2024 |
|
|
118,280
|
|
|
|
3,068
|
|
|
|
121,348
|
|
|
Additions
|
|
|
97,075
|
|
|
|
1,078
|
|
|
|
98,153
|
|
|
Depreciation
of right-of-use assets |
|
|
(6,622
|
)
|
|
|
(1,380
|
)
|
|
|
(8,002
|
)
|
|
Linkage to
index |
|
|
5,137
|
|
|
|
53
|
|
|
|
5,190
|
|
|
Classification
to Assets of disposal groups classified as held for sale |
|
|
(2,994
|
)
|
|
|
-
|
|
|
|
(2,994
|
)
|
|
Reserve for
translation differences |
|
|
(2,730
|
)
|
|
|
(24
|
)
|
|
|
(2,754
|
)
|
|
Balance
as of December 31, 2024 |
|
|
208,146
|
|
|
|
2,795
|
|
|
|
210,941
|
|
|
Effects
on the statements of income |
|
For
the year ended
December
31 |
|
| |
|
2025
|
|
|
2024
|
|
|
|
|
USD
in thousands |
|
|
USD
in thousands |
|
|
|
|
|
|
|
Interest
expenses in respect of lease liability |
|
|
(7,345
|
)
|
|
|
(5,675
|
)
|
|
Expenses
attributed to variable lease payments which were not included in measurement of lease liability
|
|
|
(1,268
|
)
|
|
|
(1,133
|
)
|
|
Depreciation
expenses |
|
|
(7,877
|
)
|
|
|
(7,023
|
)
|
|
Total
|
|
|
(16,490
|
)
|
|
|
(13,831
|
)
|
|