| General |
Note
1 - General
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A. |
Enlight Renewable Energy Ltd. (hereinafter: “the
Company”) is a public company located in Israel, whose shares are listed on NASDAQ and Tel Aviv Stock Exchange (hereinafter: “TASE”).
The Company’s address is 13 Amal St., Park Afek, Rosh Ha’ayin, Israel. As of the reporting date, the Company is engaged in
the renewable energy industry. Since May 2018, the Company has no controlling shareholder and/or a control core. |
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B. |
The Company is engaged in the initiation, planning,
development, construction and operation of projects for the production of electricity from renewable energy sources in Israel, Europe
and the United States. In its activities, the Company is engaged, inter alia, in architectural and engineering planning of the aforementioned
projects for the production of electricity, in purchasing the components which are required for the construction of those projects, in
building the projects, in securing the regulatory permits and licenses which are required for the construction of each project, in the
production and sale of electricity to the electric corporation, and in the operation of those facilities, once completed.
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The
Group |
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The
Company and its consolidated entities (as defined below). |
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Consolidated
Entities |
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Companies
or partnerships which are directly or indirectly under the Company’s control (as defined in IFRS 10), and whose financial reports
are wholly consolidated with the Company’s reports. The material active consolidated entities are as specified in Note 8.
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Related
Party |
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As
defined in IAS 24 (2009), “Related Party Disclosures”. |
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D. |
Statement of Compliance
with International Financial Reporting Standards (IFRS) |
The
Group’s consolidated financial statements have been prepared in accordance with IFRS®
Accounting Standards (hereinafter: “IFRS”) as issued by the International Accounting Standards Board (IASB).
The
consolidated financial statements were authorized for issue by the Company’s Board of Directors on March 30, 2026.
The
Company made a number of insignificant adjustments to the classification of comparative figures in order to adjust them to the manner
of classification in the current financial statements. The said classifications have no effect on the total profit (loss).
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F. |
Operating cycle period
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The
Group’s operating cycle period is 12 months.
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G. |
Exchange rates and linkage
base |
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(1) |
Balances denominated in or linked to foreign currency
are included in the financial statements according to the representative exchange rates which were published by Bank of Israel, and which
applied as of the end of the reporting period. |
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(2) |
Balances linked to the Israeli Consumer Price
Index (hereinafter: the “CPI”) are presented according to the last known index on the balance sheet data (hereinafter: the
“Known Index”). |
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(3) |
Presented
below are data regarding the EUR, HUF and NIS exchange rates, and regarding the CPI: |
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Representative
exchange rate |
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CPI(*)
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Known
index |
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(USD
to 1) |
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In
points |
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Date
of the financial statements: |
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As of December 31, 2025
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1.174
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0.313
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0.0026
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120.4
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As of December 31, 2024
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1.041
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0.274
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0.0025
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117.6
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%
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%
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%
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%
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Rates
of change: |
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For the year ended:
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As of December 31, 2025
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12.8
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14.2
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4
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2.4
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As of December 31, 2024
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3.5
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10
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(13.8
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)
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3.4
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(*) |
Base: 2012 average = 100. |
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