2017 Financial Statement ALEH Bnei Brak 2017 Financial Statements - ALEH Bnei Brak | Page 15

ALEH - Help for the Special Child
Notes to the Financial Statements (in thousands New Sheqels)
Note 9 - Severance pay liability, net:
A. Composition:
As at December 31
Liabilities for severance pay
Funds deposited
2017
3,997 2016
4,711
(2,896)
1,101 (2,854)
1,857
B. Additional information:
1. The Associations liability for employee severance pay, retirement and other social benefits, which were
computed based on existing labor laws and employment agreements, are mainly covered by current
deposits and amounts accrued in pension funds, severance pay funds and management insurance policies.
The uncovered balance appears as a liability in the balance sheets.
2. The amounts accrued pension funds and the managements insurance policies are registered in the
employee's names under defined contribution plans and are not under the control of the Association.
3. With regard to teaching staff - liability is covered in full and is not included in the reserve for termination
of employee-employer relations.
Note 10 - Income:
Composition:
Year ended
December 31
2017
2016
Allocations from the Ministry of Welfare 23,572 22,022
Allocations from government ministries 17,456 17,233
Donations in Israel 4,909 4,040
Donations from abroad 2,960 1,524
Income from local authorities 2,599 2,236
Income from health funds 2,733 2,632
Income from parent participation 244 241
Donations in kind (See Note 16) 888 751
27
55,388 -
50,679
Other income
14