2017 Financial Statements - ALEH Jerusalem 2017 Financial Statements - ALEH Jerusalem | Page 11

Translated from Hebrew Aleh Jerusalem Center (R.A.) Financial Statements as of December 31, 2017 For the year ended Dec. 31, 2017 Dec. 31, 2016 NIS NIS Note 13: Administrative and General Expenses Salaries and wages—administration Professional services Office supplies Postage and telephone Rent and maintenance Motor vehicle Per-diem, refreshments, and transportation (including advance income-tax payments for surpluses) Taxes, fees, and dues 1,380,614 238,101 176,212 59,665 150,408 68,668 1,3 68,102 211,240 173,910 69,378 180,082 65,937 60,907 7,604 67,224 1,303 Total 2,142,179 2,137,176 Note 12: Related Parties and Transactions with Related Parties 1. 2. 3. 4. 5. The Association is part of the Aleh network of dormitories. The network includes 4 dormitories, as follows: Aleh Jerusalem Center (R.A.), 580265155, Jerusalem (the Association) Aleh Negev–Nahalat Eran (R.A.), 580354637, Merhavim Regional Council Aleh Moriah (R.A.), 580094381, Gedera Aleh—Help for the Special Child (R.A.), 580040301, Bene Beraq Some of the associations have the same director general; each association pays part of his salary. The Association’s deputy director for finance, administration, and development also serves as deputy director of Aleh Jerusalem Center (R.A.) in Jerusalem and Aleh Moriah (R.A.) in Gedera. The associations have an agreement to have a joint public relations and fundraising department. The department is operated and managed by the Association. The department’s costs are divided among the associations based on the ratio of donations actually received for each association. The aforementioned associations have an agreement regarding a joint finance department, including bookkeeping, payroll, professional consulting, and employee training. Balances with related parties as of Dec. 31, 2017: Debit Aleh Negev–Nahalat Eran (R.A.) Credit 1,608,467 Aleh Moriah (R.A.) 8,562 Aleh Moriah (R.A.) - Loan 707,791 Aleh—Help for the Special Child (R.A.) 14,848 Transactions with related parties, 2017: Aleh Negev–Nahalat Eran (R.A.) Income Donations via the related party Donations for the related party From the Ministry of Social Affairs via the related party From the health funds for the related party Expenditure Participation in salaries, maintenance, and public relations Income Expenditure 388,609 67,630 1,532,661 ( 64,500 ) 995,849 - 10 - SZYMONOWICZ SZ & CO. CERTIFIED PUBLIC ACCOUNTANTS (ISR) ‫חשבון‬ ‫רואי‬ '‫ושות‬ ‫שמאי‬ ‫שמעונוביץ‬