Translated from Hebrew
Aleh Jerusalem Center (R.A.)
Statement of Cash Flow for the year ending December 31, 2017
For the year ended
Dec. 31, 2017 Dec. 31, 2016
NIS NIS
Cash flow from operations
Surplus (deficit) from statement of operations
Adjustments needed to display the cash provided by
(used in) operations (see appendix) ( 297,396 ) ( 1,652,269 )
4,213,923 4,606,206
Net cash produced by (used for) current operations 3,916,527 2,953,937
Cash flow from investments
Earmarked receipts
Investment in fixed assets 5,198,397
( 6,778,805 ) 3,137,774
( 7,818,981 )
Total net cash produced by (used for) investments ( 1,580,408 ) ( 4,681,207 )
Cash flow from financing activities
Increase (decrease) in short-term credit - , - - , -
Net cash produced by (used for) financing activities - , - - , -
Increase (decrease) in cash during the year
Cash and cash equivalents at the beginning of the year 2,336,119
25,646,539 ( 1,727,270 )
27,373,809
Cash and cash equivalents at the end of the year 27,982,658 25,646,539
Appendix: Adjustments Needed t o Display the Cash Flows from Operations
Income and expenditure not involving cash flows
Depreciation of fixed assets
Increase (decrease) in liability for termination of
employee-employer relations
Sums released from restriction
5,288,514
25,870
( 20,448 )
3,991,178
77,733
- , -
Changes in asset and liability items
Decrease (increase) in accounts receivable
Decrease (increase) in income receivable
Increase (decrease) in vendors and checks payable
Increase (decrease) in employees and institutions
Increase (decrease) in creditors and credit balances ( 253,046 )
( 973,221 )
( 173,403 )
244,328
75,329 ( 86,000 )
991,144
( 181,470 )
( 237,873 )
51,494
Total 4,213,923 4,606,206
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SZYMONOWICZ SZ & CO. CERTIFIED PUBLIC ACCOUNTANTS (ISR)
חשבון רואי 'ושות שמאי שמעונוביץ