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