2017 Financial Statements - ALEH Jerusalem 2017 Financial Statements - ALEH Jerusalem | Page 12

Translated from Hebrew Aleh Jerusalem Center (R.A.) Financial Statements as of December 31, 2017 Transactions with related parties, 2017: Aleh Moriah (R.A.) Income Expenc for the related party Income ( 3,978 ) ( 643,136 ) ( 810,746 ) Income for the related party Donations for the related party Aleh—Help for the Special Child (R.A.) Income Donations for the related party ( 56 2,384 ) ( 963,676 ) Income for the related party Note 11: Large Donations (exceeding NIS 20,000), 2017 Donor Keren Hayesod Livneh Tzfoni Aleh Israel Foundation (USA) Aleh Rehabilitation of Canada Eder Fund El Al Airlines Amot Investments, Ltd. Phillip Cohen Belgium Friends of Aleh c/o Claude Kandiyoti Ruth Berkowitz Charitable Trust Twits Anton. Howard The Irving I. Moskowitz Foundation Shufersalt Maz Mazin Fundacion British Friends of Aleh C4I Canada Poalim Bakehila Vider Sima Eduardo Amkie Abadi Karl Heinz Grasser Vadim Soiref Big Shopping Centers Koschitzky Yoel Bank Leumi Clara Mendes Donations from Foreign Governments Dutch Ministry of Foreign Trade & Development Expenditure NIS 3,497,077 728,167 116,365 4 17,424 250,000 246,062 180,000 175,800 156,878 92,606 87,796 96,160 67,630 62,413 58,535 58,506 50,000 50,000 41,826 41,214 31,381 28,125 20,540 20,000 24,873 299,959 Note 16: Pending Obligations A lawsuit has been filed against the Association in Jerusalem Magistrate’s Court by a property-owner in the building in which the Association operates, alleging violation of agreements, trespassing, and building on the latter’s land. The lawsuit does not include monetary demands beyond covering expenditures, but the removal of emergency exit stairs and other facilities that have been constructed, as well as a permanent injunction against the Association. The lawsuit’s chances of success and effects on the Association cannot yet be estimated. In April 2018, the agreement between the two parties was given the force of a court ruling. Under it, the suit will be withdrawn, and the parties will negotiate and reach an agreement. The Association agreed not to make a statute-of-limitations claim until 60 days after the conclusion of the negotiations. The Association must notify the court of the conclusion of the negotiation. - 11 - SZYMONOWICZ SZ & CO. CERTIFIED PUBLIC ACCOUNTANTS (ISR) ‫חשבון‬ ‫רואי‬ '‫ושות‬ ‫שמאי‬ ‫שמעונוביץ‬