2017 Financial Statement ALEH Bnei Brak 2017 Financial Statements - ALEH Bnei Brak | Page 13

ALEH - Help for the Special Child
Notes to the Financial Statements (in thousands New Sheqels)
Note 4 - Fixed Assetst: (Cont.)
C. The majority of the cars owned by the organization are registered at the department of motor vehicles in the
name of the association's employees as trustees.
D. The association is building a school in Pardes Katz, which is in an advanced stage of construction (hereafter:
"the building"). The building was built on land assigned to the organization by the municipality of Bnei
Brak on block 7361 plot 48. The building will serve as an educational, rehabilitation center for people with
special needs, and will include nurseries, kindergartens, special education for compulsory education age and
a school. The construction of the building is expected to be completed towards the start of the academic
year in September 2018.
E. Regarding liens - see note 18.
F. Details of fixed asset financing
As at December 31
2017
2016
Fixed Assets, net 85,512 66,762
A loan designated from related party
that was used to purchase fixed assets 1,965 1,851
Designated loans from a bank that were
used to purchase fixed assets 1,383 1,697
Unrestricted net assets used for fixed
assets 82,164 63,214
G. Fixed assets were financed in part by loans designated for the purchase of fixed assets.
The amount of total net assets used for fixed assets is the difference between fixed assets financed from
loans and total fixed assets.
Note 5 - Suppliers and service providers:
Composition :
As at December 31
2017
2016
Open accounts 1,835 1,910
Cheques payable 37
1,872 238
2,148
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