ELBIT IMAGING LTD | CIK:0001027662 | 3

  • Filed: 4/27/2018
  • Entity registrant name: ELBIT IMAGING LTD (CIK: 0001027662)
  • Generator: Ez-XBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1027662/000121390018005030/0001213900-18-005030-index.htm
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    • ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory

       December 31, 2017 
       Real estate    
       Hotels at
    revaluation model    		  At cost model    
       Operating  Land and
    buildings    		  Other
    fixed
    assets    		  Total 
                  
       NIS in thousands 
                  
     Cost:            
     Balance as of January, 1  711,906   15,236   31,516   758,658 
     Adjustment of Depreciation and amortization balance as of December 31, 2017  (28,880)  -   -   (28,880)
     Additions during the year  3,156   -   -   3,156 
     Revaluation of hotels during the year  11,637   -   -   11,637 
     Disposals during the year (*)  (696,072)  (15,288)  (3,685)  (715,045)
     Foreign currency translation adjustments  (1,748)  72   463   (1,213)
                      
     Balance as of December, 31  -   20   28,294   28,314 
                      
     Accumulated depreciation:                
     Balance as of January 1,  -   7,482   25,051   32,533 
     Adjustment of Depreciation and amortization balance as of December 31, 2017  (28,880)  -   -   (28,880)
     Additions during the year  28,880   52   71   29,003 
     Disposals during the year  -   (7,514)  (2,528)  (10,042)
     Foreign currency translation adjustments  -   -   380   380 
                      
     Balance as of December, 31  -   20   22,974   22,994 
                      
     Provision for impairment:                
     Balance as of January, 1  -   -   4,490   4,490 
                      
     Balance as of December, 31  -   -   4,490   4,490 
                      
     Net book value  -   -   830   830 

      

    (*) See also Note 19.

     

       December 31, 2016 
       Real estate    
       Hotels at 
    revaluation model (*)    		  At cost model    
       

    Operating

    		  plot designated for hotel  Land and buildings  

    Other

    fixed assets

    		  Total 
       NIS in thousands 
                     
     Cost:                    
     Balance as of January, 1  678,516   18,700   16,049   38,078   751,343 
     Adjustment of Depreciation and amortization balance as of December 31, 2016  (37,017)  -   -   -   (37,017)
     Additions during the year  2,473   -       68   2,541 
     Revaluation of hotels during the year  106,842   -   -   -   106,842 
     Disposals during the year  -   (18,700)  -   (5,712)  (24,412)
     Foreign currency translation adjustments  (38,908)  -   (813)  (918)  (40,639)
                          
     Balance as of December, 31  711,906   -   15,236   31,516   758,658 
                          
     Accumulated depreciation:                    
     Balance as of January 1,  -   -   7,858   31,129   38,987 
     Adjustment of Depreciation and amortization balance as of December 31, 2016  (37,032)  -   -   -   (37,032)
     Additions during the year  37,032   -       307   37,339 
     Disposals during the year  -   -       (5,513)  (5,513)
     Foreign currency translation adjustments  -   -   (376)  (872)  (1,247)
                          
     Balance as of December, 31  -   -   7,482   25,051   32,533 
                          
     Provision for impairment:                    
     Balance as of January, 1  -   3,700   -   4,490   8,190 
                          
     Balance as of December, 31  -   -   -   4,490   4,490 
                          
     Net book value  711,906   -   7,754   1,975   721,635 

     

    (*)Had the Group continued to present the hotel based on the cost model, their net book value as of December 31, 2016, would have been NIS 284 million.