2017 Financial Statements - ALEH Jerusalem 2017 Financial Statements - ALEH Jerusalem | Page 5

Translated from Hebrew Aleh Jerusalem Center (R.A.) Statement of Changes in Net Assets for the year ending December 31, 2017 Unrestricted net assets: Served for operations NIS Restricted net assets: Earmarked by NPO * NIS Served as Fixed assets NIS Temporarily restricted * NIS 8,250,000 39,922,322 12,806,781 6 5 , 969 , 842 3,137,774 ( 7,818,981 ) ( 1,652,269 ) 3,137,774 - , - Total NIS 2016 Balance as of 1.1.2016 Surplus (deficit) from statement of operations Earmarked receipts Served as fixed assets Transferred to cover depreciation expense Balance as of 31.12.2016 4,990,739 ( 1,652,269 ) - , - - , - - , - - , - - , - - , - 7,818,981 3,991,178 - , - ( 3,991,178 ) 7,329,648 8,250,000 ( 297,39 6 ) - , - ( 10,000,000 ) - , - - , - 10,000,000 43,750,125 - , - - , - 8,125,574 67,455,347 - , - 5,198,397 - , - ( 297,39 6 ) 5,198,397 - , - ( 20,448 ) ( 2,528,804 ) ( 20,448 ) - , - 2017 Surplus (deficit) from statement of operations Earmarked receipts Earmarked by NPO * Released from restrictions Served as fixed assets Transferred to cover depreciation expense Balance as of 31.12.2017 - , - - , - - , - ( 4,250,000 ) 5,288,514 2,320,766 - , - 14,000,000 - , - - , - - , - - , - 6,778,805 ( 5,288,514 ) 45,240,416 Itemization of net assets subject to temporary restriction For maintenance and operations For construction and equipping facilities Total Earmarked receipts during reporting period National Insurance Institute Construction Maintenance Limited activity * ** Keren Hayesod Valimar International The Irving I. Moskowitz Foundation Amot Investments, Ltd. Phillip Cohen Belgium Friends of Aleh c/o Claude Kandiyoti Aleh Rehabilitation of Canada Dutch Ministry of Foreign Trade & Development - , - - , - 10,774,718 72,335,900 31.12.2017 7,025,587 3,749,131 10,774,718 31.12.2016 7,648,189 477,385 8,125,574 1,409,611 2,610,217 14,750 96,160 180,000 175,800 139,500 272,400 299,959 5,198,397 In previous years, the Association’s board of directors decided to devote NIS 8.25 million from the Association’s surplus to construction. In 2017, the Association used NIS 4.25 million of this amount to funding construction. In the year of the report, the Association’s board of directors decided to devote NIS 10 million from the Association’s surplus to the purchase of a building. - 4 - SZYMONOWICZ SZ & CO. CERTIFIED PUBLIC ACCOUNTANTS (ISR) ‫חשבון‬ ‫רואי‬ '‫ושות‬ ‫שמאי‬ ‫שמעונוביץ‬