1999

2000

2001

2002

2003

2004

Cash flows from operation activities

Net loss from the year

11,031,666

5,718,196

-5,878,131

-48,934,065

-36,191,189

-20,111,241

Adjustment  for:

Depreciation

16,721,931

10,927,227

11,117,496

11,354,069

12,078,720

Beneficiaries' accounts receivable

-36,993,493

-36,530,926

-94,978,843

-139,417,909

-133,751,385

-184,400,374

Municipalities  and other receivables

-9,362,997

1,040,601

595,673

-8,896,692

-8,437,602

-16,058,252

Israeli Electricity Corporation(IEC)

17,234,265

21,743,970

65,273,790

-

-

-

Palestinian Authority

2,000,000

5,000,000

-4,995,886

187,227,165

147,077,971

231,692,618

Other credit balance

1,563,925

2,408,024

1,351,386

1,969,123

88,420

-2,572,043

Tax provision

1,688,830

4,244,305

20,335,002

19,394,158

171,639

3,732,428

Employees' end of service indemnity provision

-

-

-

1,440,453

-1,423,803

-16,650

Spares  in warehouse

-448,261

-1,155,555

-3,229,284

1,410,539

-13,351,518

250,230

Due  to banks

7,923,900

-6,193,235

18,509,558

-16,781,880

26,575,184

-30,080,929

Net cash used in operating Activities

11,359,766

7,202,607

8,100,761

-8,866,367

-7,262,563

-4,806,713

Cash  flows from investment  Activities

Investment

-

-484,200

-40,488

-

-

-312

Addition  to property , plant and equipment

-153,246,223

-2,394,191

-3,155,161

-7,763,138

-9,484,609

-8,087,447

project in progress

-

-286,741

-1,838,207

1,185,085

-1,328,775

-63,233

Net cash used in investment Activities

153,246,223

3,265,132

-5,023,856

-6,578,053

-10,813,384

-8,150,992

Cash  flows from financing activities

Deferred  income - additions to electricity network

2,503,199

1526192

2130001

3,090,413

3,610,957

4,827,223

Deferred  income- grants and supports

841,448

259,381

4,313,068

5,935,280

6,769,873

-1,355,371

Deferred  income- MOF

-

-

-

-

-

7,299,655

Deferred  income- material grants

-

-

-

-

8,650,746

-114,967

Contribution  in streets lightings

-7,031,217

-6,680,672

-7,626,805

-

-

-

Deferred  income  - in kind grants

149,280,948

-

-

-

-

-

in kind – electricity distribution network

-149,280,948

-

-

-

-

-

Net  cash flows from financing activities

145,594,378

-4,895,099

-1,183,726

9,025,693

19,031,576

10,656,540

Net  cash flows used in provided during the year

3,707,921

-957,624

1,930,571

11,314,007

955,629

-2,301,165

Cash  and cash equivalents-1 January

-

3,707,921

1,883,169

4,680,868

15,994,875

16,950,504

Cash  and cash equivalents – December 31

-3,707,921

2,750,297

4,633,466

15,994,875

16,950,504

14,649,339