2017 Financial Statements - ALEH Jerusalem 2017 Financial Statements - ALEH Jerusalem | Page 4

Translated from Hebrew Aleh Jerusalem Center (R.A.) Statement of Operations for the year ending December 31, 2017 For the year ended Note Turnover Income and participation Dec. 31, 2017 Dec. 31, 2016 NIS NIS ( 1 0 ) 41,118,441 36,701,755 (11) 23,324,641 9,007,688 40,694 21,944,444 7,966,342 1,193,876 5,233,614 3,936,278 37,606,637 35,040,940 3,511,804 1,660,815 2,142,179 873, 145 2,137,176 884,800 3,015,324 3,021,976 Surplus (deficit) before financing 496,480 ( 1,361,161 ) Financing expenses (income) and interest 793,876 291,108 ( 297,396 ) ( 1,652,269 ) Cost of Operations Salaries and social benefits Operating expenses Operating expenses—residence network (12) (See also Note 1(6)) Depreciation Total cost of operations Surplus from activities General and administrative expenses Public relations expenses ( 13 ) Total General and administrative expenses Surplus (deficit) for the year - 3 - SZYMONOWICZ SZ & CO. CERTIFIED PUBLIC ACCOUNTANTS (ISR) ‫חשבון‬ ‫רואי‬ '‫ושות‬ ‫שמאי‬ ‫שמעונוביץ‬