Translated from Hebrew
Aleh – Moriah (R.A.)
Financial Statements as of December 31, 2017
Dec. 31, 2017 Dec. 31, 2016
NIS NIS
Note 6: Employees and Institutions
Employees
Provision for vacations
Income tax—withheld from salaries
National Insurance—withheld from salaries
Provident, pension, and advanced training funds
Other 1,030,044
813,696
171,593
152,980
361,456
138,707 972,279
715,280
149,165
119,871
301,274
152,725
Total 2,668,475 2,410,594
707,791
493,038
2,076 - , -
44,000
- , -
1,202,905 44,000
Note 7: Accounts Payable
Aleh Jerusalem Center (R.A.) – Loan (1)
Aleh Negev Nahalat Eran (R.A.) (see Note 16)
Other accounts payable
Total
(1) On June 9, 2017 the Association received from a related party, Aleh Jerusalem Center (R.A.), a loan of NIS
850,000 for two years, during the report year refunds of NIS 142,209 were recorded.
Note 8: Long-term Loan
Loan with monthly repayments; last payment October
2027, at prime +2.7% per annum
Loan with monthly repayments; last payment October
2027, at prime +1.7% per annum
Loan with monthly repayments; last payment August
2029, at prime +4% per annum
Total
Less current maturities (repayment in 2018)
Total
See Note 1 ( 6 ) .
Repayments by year
2019
2020
2021
2022
2023
2024 and after
Total
1,281,311 1,393,575
679,817 742,800
1,469,074
3,430,202
( 283,167 ) - , -
2,136,375
( 176,646 )
3,147,035 1,959,729
288,360
296,984
305,889
298,902
340,768
1,616,134
3,147,035
Note 9: Liability for Termination of Employee-Employer Relations
Severance-pay reserve
Less - personal severance-pay fund
Balance
Less a central severance pay fund
Total
5,120,031
( 3,292,445 )
1,827,586
( 1,160,225 ) 4,755,764
( 3,021,354 )
1,734,410
( 1,099,351 )
667,361 635,059
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