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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Share capital
Share premium
Proceeds on account of convertible options
Controlling shareholders
Transactions with non-controlling interests
Transactions Share-based payment
Hedge Reserve
Translation reserve from foreign operation
Translation reserve from currency Presentation
Accumulated profit (loss)
Total attributable to the owners of the company
Non-controlling interests
Total
Balance at Dec. 31, 2021 $ 2,549 $ 556,161 $ 10,405 $ 5,378 [1] $ (19,432) [1] $ 20,100 [1] $ (14,548) [1] $ (54,960) [1] $ 58,948 [1] $ (31,963) $ 532,638 $ 224,743 $ 757,381
Profit (loss) for the year 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 24,749 24,749 13,364 38,113 [2]
Other comprehensive income (loss):                          
Fair value changes of financial instruments used for cash flow hedging , net of tax 0 0 0 0 [1] 0 [1] 0 [1] 35,382 [1] 0 [1] 0 [1] 0 35,382 24,510 59,892
Exchange differences due to translation of foreign operations 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 69,735 [1] 0 [1] 0 69,735 8,442 78,177
Other comprehensive income item that will not be transfer to profit or loss:                          
Presentation currency translation adjustment 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] (84,007) [1] 0 (84,007) (28,151) (112,158) [2]
Total other comprehensive loss for the year 0 0 0 0 [1] 0 [1] 0 [1] 35,382 [1] 69,735 [1] (84,007) [1] 0 21,110 4,801 25,911 [2]
Total comprehensive income (loss) for the year 0 0 0 0 [1] 0 [1] 0 [1] 35,382 [1] 69,735 [1] (84,007) [1] 24,749 45,859 18,165 64,024 [2]
Share-based payment 0 0 0 0 [1] 0 [1] 13,909 [1] 0 [1] 0 [1] 0 [1] 0 13,909 0 13,909
Issuance of shares, net 270 206,355 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 206,625 0 206,625
Issuance of convertible debentures 0 0 5,091 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 5,091 0 5,091
Exercise of share options 8 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 8 0 8
Increase in ownership rate interest within control 0 0 0 0 [1] 28 [1] 0 [1] (64) [1] 0 [1] 0 [1] 0 (36) 5,247 5,211
Dividends and distributions by subsidiaries to non-controlling interests 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 0 (3,392) (3,392)
Investment in consolidated entity 0 0 0 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 [1] 0 0 1,177 1,177
Increase (decrease) in equity 278 206,355 5,091 0 [1] 28 [1] 13,909 [1] (64) [1] 0 [1] 0 [1] 0 225,597 3,032 228,629
Balance at Dec. 31, 2022 2,827 762,516 15,496 5,378 [1],[3] (19,404) [1],[3] 34,009 [1],[3] 20,770 [1],[3] 14,775 [1],[3] (25,059) [1],[3] (7,214) 804,094 245,940 1,050,034
Profit (loss) for the year 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 70,924 70,924 27,117 98,041 [2]
Other comprehensive income (loss):                          
Fair value changes of financial instruments used for cash flow hedging , net of tax 0 0 0 0 [3] 0 [3] 0 [3] 12,586 [3] 0 [3] 0 [3] 0 12,586 3,343 15,929
Exchange differences due to translation of foreign operations 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 42,364 [3] 0 [3] 0 42,364 11,299 53,663
Other comprehensive income item that will not be transfer to profit or loss:                          
Presentation currency translation adjustment 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] (33,691) [3] 0 (33,691) (7,987) (41,678) [2]
Total other comprehensive loss for the year 0 0 0 0 [3] 0 [3] 0 [3] 12,586 [3] 42,364 [3] (33,691) [3] 0 21,259 6,655 27,914 [2]
Total comprehensive income (loss) for the year 0 0 0 0 [3] 0 [3] 0 [3] 12,586 [3] 42,364 [3] (33,691) [3] 70,924 92,183 33,772 125,955 [2]
Share-based payment 0 0 0 0 [3] 0 [3] 8,841 [3] 0 [3] 0 [3] 0 [3] 0 8,841 0 8,841
Issuance of shares, net 456 265,994 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 266,450 0 266,450
Exercise of options shares 10 22 2 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 30 0 30
Increase in ownership rate interest within control 0 0 0 0 [3] (2,839) [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 (2,839) (4,557) (7,396)
Sale of consolidated subsidiaries 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 0 191 191
Dividends and distributions by subsidiaries to non-controlling interests 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 0 (13,596) (13,596)
Investment in consolidated entity 0 0 0 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 0 5,448 5,448
Increase (decrease) in equity 466 266,016 (2) 0 [3] (2,839) [3] 8,841 [3] 0 [3] 0 [3] 0 [3] 0 272,482 (12,514) 259,968
Balance at Dec. 31, 2023 3,293 1,028,532 15,494 5,378 [3],[4] (22,243) [3],[4] 42,850 [3],[4] 33,356 [3],[4] 57,139 [3],[4] (58,750) [3],[4] 63,710 1,168,759 267,198 1,435,957
Profit (loss) for the year 0 0 0 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 44,209 44,209 22,296 66,505
Other comprehensive income (loss):                          
Fair value changes of financial instruments used for cash flow hedging , net of tax 0 0 0 0 [4] 0 [4] 0 [4] (7,727) [4] 0 [4] 0 [4] 0 (7,727) (5,957) (13,684)
Exchange differences due to translation of foreign operations 0 0 0 0 [4] 0 [4] 0 [4] 0 [4] (30,757) [4] 0 [4] 0 (30,757) (9,541) (40,298)
Other comprehensive income item that will not be transfer to profit or loss:                          
Presentation currency translation adjustment 0 0 0 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] (6,202) [4] 0 (6,202) (1,428) (7,630)
Total other comprehensive loss for the year 0 0 0 0 [4] 0 [4] 0 [4] (7,727) [4] (30,757) [4] (6,202) [4] 0 (44,686) (16,926) (61,612)
Total comprehensive income (loss) for the year 0 0 0 0 [4] 0 [4] 0 [4] (7,727) [4] (30,757) [4] (6,202) [4] 44,209 (477) 5,370 4,893
Share-based payment 0 0 0 0 [4] 0 [4] 13,840 [4] 0 [4] 0 [4] 0 [4] 0 13,840 0 13,840
Exercise of options shares 15 0 0 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 15 0 15
Increase in ownership rate interest within control 0 0 0 0 [4] (1,611) [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 (1,611) 355 (1,256)
Exercise of loans into equity 0 0 0 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 0 12,373 12,373
Sale of consolidated subsidiaries 0 0 0 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 0 469 469
Dividends and distributions by subsidiaries to non-controlling interests 0 0 0 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 0 (25,536) (25,536)
Investment in consolidated entity 0 0 0 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 [4] 0 0 179 179
Increase (decrease) in equity 15 0 0 0 [4] (1,611) [4] 13,840 [4] 0 [4] 0 [4] 0 [4] 0 12,244 (12,160) 84
Balance at Dec. 31, 2024 $ 3,308 $ 1,028,532 $ 15,494 $ 5,378 [4] $ (23,854) [4] $ 56,690 [4] $ 25,629 [4] $ 26,382 [4] $ (64,952) [4] $ 107,919 $ 1,180,526 $ 260,408 $ 1,440,934
[1] The Capital reserves as of December 31, 2022 total to USD (4,154) thousands
[2] The Consolidated Statements of Income have been adjusted to present comparable information for the previous years. For additional details please see Note 2R.
[3] The Capital reserves as of December 31, 2023 total to USD 30,469 thousands
[4] The Capital reserves as of December 31, 2024 total to USD 25,273 thousands