Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about financial instruments [abstract]

Schedule of Maximum Exposure to Credit Risk for Financial Assets

	As at December 31,
	2023		2022
	$ Thousands
	Carrying amount
Cash and cash equivalents		696,838		535,171
Short-term and long-term deposits and restricted cash		16,769		61,136
Trade receivables and other assets		189,001		122,797
Short-term and long-term derivative instruments		-		16,730
Other investments		215,797		344,780
		1,118,405		1,080,614

Schedule of Maximum Exposure to Credit Risk for Trade Receivables By Geographic Region

	As at December 31,
	2023		2022
	$ Thousands
Israel		55,865		67,177
United States		12,129		6,723
		67,994		73,900

Schedule of Aging of Trade Receivables

	As at December 31
	2023		2022
	$ Thousands
Not past due nor impaired		67,994		73,900

Schedule of f debt securities

	ECL on other investments
	2023		2022		2021
	$ Thousands
Balance as at 1 January		732		-		-
Impairment loss on debt securities at FVOCI		642		732		-
Balance as at 31 December		1,374		732		-

Schedule of Anticipated Repayment Dates of the Financial Liabilities

	As at December 31, 2023
	Book value		Projected cash flows		Up to 1 year		1-2 years		2-5 years		More than 5 years
	$ Thousands
Non-derivative financial liabilities
Trade payables		70,661		70,661		70,661		-		-		-
Other current liabilities		84,656		84,656		84,656		-		-		-
Lease liabilities including interest payable *		61,428		140,049		4,725		4,856		12,923		117,545
Debentures (including interest payable) *		511,030		559,419		65,669		68,921		313,293		111,536
Loans from banks and others including interest *		1,023,916		1,316,647		173,743		100,209		375,479		667,216
		1,751,691		2,171,432		399,454		173,986		701,695		896,297

* Includes current portion of long-term liabilities.

	As at December 31, 2022
	Book value		Projected cash flows		Up to 1 year		1-2 years		2-5 years		More than 5 years
	$ Thousands
Non-derivative financial liabilities
Trade payables		95,036		95,036		95,036		-		-		-
Other current liabilities		17,681		17,681		17,681		-		-		-
Lease liabilities including interest payable *		37,570		46,938		17,812		2,855		6,756		19,515
Debentures (including interest payable) *		526,771		588,997		22,413		66,467		223,939		276,178
Loans from banks and others including interest *		640,348		793,946		44,142		74,438		172,343		503,023
		1,317,406		1,542,598		197,084		143,760		403,038		798,716

* Includes current portion of long-term liabilities.

Schedule of Exposure Foreign Currency Risk Non Hedging Derivative Financial Instruments Explanatory

	As at December 31, 2023
	Currency/ linkage receivable	Currency/ linkage payable	Amount receivable		Amount payable		Expiration dates		Fair value
			$ Thousands
Forward contracts on exchange rates	Dollar	NIS		5,762		21,066		2024		(175	)

	As at December 31, 2023
	Currency/ linkage receivable	Currency/ linkage payable	Amount receivable		Amount payable		Expiration dates		Fair value
			$ Thousands
Forward contracts on exchange rates	Dollar	NIS		2,622		9,498		2024		4

	As at December 31, 2022
	Currency/ linkage receivable	Currency/ linkage payable	Amount receivable		Amount payable		Expiration dates		Fair value
			$ Thousands
Forward contracts on exchange rates	Dollar	NIS		5,566		18,912		2023		641

Schedule of Detailed Information About Exposure To Index Risk With Respect To Derivative Instruments Explanatory

	As at December 31, 2023
	Index receivable	Interest payable			Expiration date		Amount of linked principal		Fair value
							$ Thousands
CPI-linked derivative instruments
Interest exchange contract	CPI		1.76	%		2036		81,051		10,268

	As at December 31, 2022
	Index receivable	Interest payable			Expiration date		Amount of linked principal		Fair value
							$ Thousands
CPI-linked derivative instruments
Interest exchange contract	CPI		1.76	%		2036		89,619		9,353

Schedule of Detailed Information About Exposure To Cpi And Foreign Currency Risks Explanatory

	As at December 31, 2023
	Foreign currency
	Shekel
	Unlinked			CPI linked			Other
Non-derivative instruments
Cash and cash equivalents		91,247			-			2,263
Short-term deposits and restricted cash		15,218			-			-
Trade receivables		55,865			-			-
Other current assets		10,841			-			72
Total financial assets		173,171			-			2,335
Trade payables		28,479			-			1,633
Other current liabilities		7,545			4,680			116
Loans from banks and others and debentures		779,808			413,811			-
Total financial liabilities		815,832			418,491			1,749
Total non-derivative financial instruments, net		(642,661	)		(418,491	)		586
Derivative instruments		-			10,268			-
Net exposure		(642,661	)		(408,223	)		586

	As at December 31, 2022
	Foreign currency
	Shekel
	Unlinked			CPI linked			Other
Non-derivative instruments
Cash and cash equivalents		165,186			-			1,102
Short-term deposits and restricted cash		35,695			-			-
Trade receivables		10,007			-			-
Other current assets		58,006			-			212
Long-term deposits and restricted cash		15,146			-			-
Total financial assets		284,040			-			1,314
Trade payables		36,669			-			14,734
Other current liabilities		20,930			5,494			640
Loans from banks and others and debentures		583,651			414,071			-
Total financial liabilities		641,250			419,565			15,374
Total non-derivative financial instruments, net		(357,210	)		(419,565	)		(14,060	)
Derivative instruments		-			9,353			-
Net exposure		(357,210	)		(410,212	)		(14,060	)

Schedule of Sensitivity Analysis

 

	As at December 31, 2023
	10% increase			5% increase			5% decrease			10% decrease
	$ Thousands
Non-derivative instruments
Shekel/dollar		1,208			604			(604	)		(1,208	)
Shekel/EUR		43			22			(22	)		(43	)
dollar/EUR		(15,855	)		(7,928	)		7,928			15,855
	As at December 31, 2023
	2% increase			1% increase			1% decrease			2% decrease
	$ Thousands
Non-derivative instruments
CPI		(6,114	)		(3,058	)		3,058			6,114
	As at December 31, 2022
	10% increase			5% increase			5% decrease			10% decrease
	$ Thousands
Non-derivative instruments
Shekel/dollar		(7,375	)		(3,687	)		3,687			7,375
Shekel/EUR		(1,094	)		(547	)		547			1,094
	As at December 31, 2022
	2% increase			1% increase			1% decrease			2% decrease
	$ Thousands
Non-derivative instruments
CPI		(6,306	)		(3,153	)		3,153			6,306

Schedule of Type of Interest Borne by Financial Instruments

	As at December 31,
	2023			2022
	Carrying amount
	$ Thousands
Fixed rate instruments
Financial assets		311,951			549,467
Financial liabilities		(864,953	)		(837,698	)
		(553,002	)		(288,231	)
Variable rate instruments
Financial assets		54,408			4,827
Financial liabilities		(665,080	)		(324,887	)
		(610,672	)		(320,060	)

Schedule of Detailed Information About Increased Decreased Profit And Loss Before Tax By Amounts Explanatory

	As at December 31, 2023
	100bp increase			100 bp decrease
	$ Thousands
Variable rate instruments		(6,107	)		6,107

	As at December 31, 2022
	100bp increase			100 bp decrease
	$ Thousands
Variable rate instruments		(3,201	)		3,201

Schedule of sensitive analysis for change in LIBOR interest rate

	As at December 31, 2023
	1.5% decrease			1.0% decrease			1.0% increase			1.5% increase
	$ Thousands
Long-term loans (SOFR)		(2,538	)		(1,691	)		1,691			2,538
Interest rate swaps (SOFR)		1,555			1,036			(1,036	)		(1,555	)

Schedule of derivative financial instruments used for hedging

	As at December 31, 2023
	Linkage receivable	Interest rate			Expiration date		Amount of the linked reserve		Fair value
							$ Thousands
Interest rate swaps	USD SOFR interest		0.83%-4.0	%		2030-2041		185,478		4,138

Schedule of Carrying Amount and Fair Value of Financial Instrument Groups

	As at December 31, 2023
	Carrying amount		Fair value
Liabilities	$ Thousands
Non-convertible debentures		511,030		485,196
Long-term loans from banks and others (excluding interest)		898,546		906,911
Loans from non-controlling interests		125,252		127,960

	As at December 31, 2022
	Carrying amount		Fair value
Liabilities	$ Thousands
Non-convertible debentures		526,771		492,714
Long-term loans from banks and others (excluding interest)		516,195		528,011
Loans from non-controlling interests		124,153		113,673

Schedule of Detailed Information About Valuation Techniques Used In Measuring Level 2 Fair Values Explanatory

Type	Valuation technique	Significant unobservable data	Inter-relationship between significant unobservable inputs and fair value measurement
Long-term investment (Qoros)	The Group assessed the fair value of the long-term investment (Qoros) using the present value of the expected cash flows.	The likelihood of expected cash flows.	The estimated fair value would increase if the likelihood of expected cash flows increase.