Gazit-Globe Ltd | CIK:0001379009 | 3

  • Filed: 4/30/2018
  • Entity registrant name: Gazit-Globe Ltd (CIK: 0001379009)
  • Generator: Ez-XBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1379009/000121390018005195/0001213900-18-005195-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1379009/000121390018005195/gzt-20171231.xml
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    • ifrs-full:DisclosureOfCashFlowStatementExplanatory

       Year ended December 31 
       2017  2016  2015 
       NIS in millions 
     Cash flows from operating activities of the Company:         
               
     Net income (loss) attributed to the Company  (165)  (600)  553 
                  
     Adjustments required to present net cash provided by (used in) operating activities of the Company:            
                  
     Adjustments to profit and loss items of the Company:            
                  
     Depreciation  1   6   2 
     Dividend income  (206)  (244)  (167)
     Finance expenses (income), net  154   760   (492)
     Capital loss  132   -   - 
     Cost of share-based payment  11   9   3 
     Taxes on income (tax benefit)  22   12   55 
                  
        114   543   (599)
     Changes in assets and liabilities of the Company:            
                  
     Increase in other accounts receivable  (4)  1   - 
     Decrease in trade payables and other accounts payable  13   (11)  (26)
                  
        9   (10)  (26)
     Cash paid and received during the year by the Company for:            
                  
     Interest paid  (694)  (522)  (649)
     Interest received from subsidiaries  115   152   217 
     Taxes paid  (11)  (16)  (11)
     Taxes received  2         
     Dividends received  -   -   3 
     Dividends received from subsidiaries  206   244   164 
                  
        (382)  (142)  (276)
                  
     Net cash used in operating activities of the Company  (424)  (209)  (348)

     

       Year ended December 31 
       2017  2016  2015 
       NIS in millions 
     Cash flows from investing activities of the Company:         
               
     Acquisition of fixed assets  (4)  (1)  -*)
     Proceeds from sale of fixed assets  -*)  -   -*)
     Investments in subsidiaries  (129)  (268)  (2,215)
     Redemption of preferred shares of subsidiary  612   404   271 
     Loans repaid by (grant to) subsidiaries, net  953   (438)  154 
     Proceeds from sale of (investment in) marketable securities, net  55   2   182 
                  
     Net cash provided by (used in) investing activities of the Company  1,487   (301)  (1,608)
                  
     Cash flows from financing activities of the Company:            
                  
     Issue of shares (less issue expenses)  -   -   586 
     Exercise of stock options into shares  -*)  -*)  -*)
     Repayment of loans for purchase of company shares  -*)  -*)  -*)
     Purchase of treasury shares  (73)  -   - 
     Dividends paid to equity holders of the Company  (204)  (295)  (328)
     Issue of debentures (less issue expenses)  -   -   2,183 
     Repayment and early redemption of debentures  (1,140)  (691)  (969)
     Receipt (repayment) of long-term credit facilities from banks, net  (43)  1,371   1,102 
     Payment of long-term loan from institution  (13)  -   - 
     Unwinding of hedging transactions  -   3   - 
                  
     Net cash provided by (used in) financing activities of the Company  (1,473)  388   2,574 
                  
     Exchange differences on balance of cash and cash equivalents  (6)  (29)  (2)
                  
     Increase (decrease) in cash and cash equivalents  (416)  (151)  616 
     Cash and cash equivalents at the beginning of year  510   661   45 
                  
     Cash and cash equivalents at the end of year  94   510   661 
                  
     Significant non-cash activities of the Company:            
                  
     Exchange of loan granted to subsidiaries for capital issuance  -   375   - 
     Dividend declared  68   -   - 

     

    *)Represents an amount lower than NIS 1 million.