Translated from Hebrew
Aleh Jerusalem Center (R.A.)
Financial Statements as of December 31, 2017
9.
Fixed assets are displayed at cost. Depreciation is calculated by the straight-line
method, at annual rates based on the estimated useful life of the assets.
The rates of depreciation are as follows: furniture and equipment, 12%–15% per annum;
computer equipment, 33% per annum; motor vehicles, 15% per annum;
renovations/construction, 4%–10% per annum.
10. The liabilities for the termination of employer-employee relations are calculated
according to the employee’s last salary multiplied by the number of years of that
individual’s employment, after the end of one full year of work.
Dec. 31, 2017 Dec. 31, 2016
NIS NIS
Note 3: Cash and Cash Equivalents
Current account
Forex deposits
Deposits up to three months 1,858,960
15,303,122
7,048,670 668,120
11,869,796
6,098,597
Total 24,210,752 18,636, 513
Aleh Moriah (R.A.)—Loan (1)
Receivables from residence network project (2)
Advances to vendors
Aleh—Help for the Special Child (R.A.)
Advance payments
Checks receivable
Other 707,791
- , -
155,899
14,848
29,337
3,610
5,177 - , -
320,000
175,383
122,882
22,902
15,434
7,015
Total 916,662 663,616
Note 4: Accounts Receivable
(1)
(2)
On June 9, 2017, the Association gave the connected association Aleh Moriah (R. A.) a loan
of NIS 850,000 for two years. In the reporting year, NIS 142,209 of this loan was returned.
In 2015, the Association created a provision of NIS 320,000 for the equipment it purchased
which remained in the apartments in the residence network that were transferred to Avukat
Or. In 2017, only NIS 279,306 of this amount was received. The balance of the provision was
transferred to expenditures
Note 5: Income Receivable
Ministry of Social Affairs
Clalit Health Fund
Me’uhedet Health Fund
Maccabi Health Fund
Leumit Health Fund
Child Development Center 1,890,523
2,541,958
686,867
251,266
116,240
- , - 1,280,401
2,313,120
379,575
133,549
284,900
122,088
Total 5,486,854 4,513,633
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SZYMONOWICZ SZ & CO. CERTIFIED PUBLIC ACCOUNTANTS (ISR)
חשבון רואי 'ושות שמאי שמעונוביץ