UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of August 2023 (Report No. 4)
Commission file number: 001-41402
BRENMILLER ENERGY LTD.
(Translation of registrant’s name into English)
13 Amal St. 4th Floor, Park Afek
Rosh Haayin, 4809249 Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
CONTENTS
On August 11, 2023, Brenmiller Energy Ltd.,
or the Company, issued a press release titled “Brenmiller Energy Reports Operational Update and Financial Results for the Six Months Ended June 30, 2023”.
A copy of this press release is furnished with this Report of Foreign Private Issuer on Form 6-K, or this Form 6-K, as Exhibit 99.1. In
addition, the Company is furnishing its unaudited condensed consolidated financial statements as of and for the six month period ended
June 30, 2023 as Exhibit 99.2 to this Form 6-K and is furnishing its Management’s Discussion and Analysis of Financial Condition
and Results of Operations, which discusses and analyzes Company’s financial condition and results of operations as of and for the
six month period ended June 30, 2023, as Exhibit 99.3 to this Form 6-K.
This Form 6-K (other than the 2nd and 3rd
paragraphs of Exhibit 99.1 furnished herewith) is incorporated by reference into the Company’s Registration Statements on Form
F-3 (File Nos. 333-272377 and 333-273028)
and Form S-8 (File No. 333-272266),
filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Form 6-K is submitted, to the
extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
Brenmiller Energy Ltd. |
|
|
Date: August 11, 2023 |
By: |
/s/ Ofir Zimmerman |
|
|
Name: Ofir Zimmerman
Title: Chief Financial Officer |
2
Exhibit 99.1
Brenmiller Energy
Reports Operational Update and Financial Results for the Six Months Ended June 30, 2023
| ● | Launched next-generation bGen ZERO™ for Renewable Power-to-Heat and Industrial Decarbonization, Unlocking New Revenue Streams |
| ● | Inaugurated Gigafactory in Dimona, Israel with Expected 4 GWh of bGen ZERO™ Capacity by Q4 2023 |
| ● | Signed MoU with India’s Largest Solar Panel Manufacturer and a Term Sheet with a Leading Global Clean Energy Utility to Decarbonize
Heat and Energy Production Worldwide |
| ● | Approved for $610,000 Grant from Israeli Ministry of Environmental Protection for Clean Energy Project at one of Israel’s
Largest Beverage Plants |
Rosh Ha’ayin, Israel, August 11,
2023 – Brenmiller
Energy Ltd. ("Brenmiller", "Brenmiller Energy”) (Nasdaq: BNRG; TASE: BNRG), a global leader in thermal energy
storage (“TES”), today announced financial results as of and for the six months ended June 30, 2023, in addition to operational
and recent business development updates.
Management Commentary
“Our newly launched bGen ZERO provides, in our opinion, the most
cost-effective and efficient way to electrify heat and decarbonize the industrial and power sectors. Decarbonization of heat is the low
hanging fruit of fighting climate change, as heat is the largest energy end-use,” stated Avi Brenmiller, Chairman and Chief Executive
Officer of Brenmiller Energy. “These are the reasons driving intense interest in bGen, as evidenced in our system installations
to date and the recent agreements we’ve signed with some of the world’s leading renewable energy companies.”
“By focusing on power-to-heat, we have opened the potential for new
revenue streams through direct sales as well as providing energy-as-a-service to industrial operators and grid services. Our project pipeline
continues to grow and remains focused on Europe and the U.S., with additional strong prospects in South America and South Asia.”
Brenmiller’s recent webinar unveiling bGen ZERO and its business
focus on power-to-heat is available on the Company’s website.
New Projects
| ● | MoU Signed with Waaree Energies, the Largest Solar Panel Manufacturer in India: Brenmiller signed a Memorandum of Understanding
("MoU") with Waaree Energies Ltd. ("Waaree"), India’s largest manufacturer of solar panels, to implement bGen™
and bGen ZERO™ TES in India. Brenmiller and Waaree will jointly explore, develop, and deploy solar-powered TES systems in India,
subject to entry into a definitive agreement. Solar-powered bGen aims to help India, the world’s fifth largest economy, transition
to a 50% renewable energy supply by 2030. |
| ● | Term Sheet Signed with Leading Global Clean Energy Utility to Decarbonize Heat & Energy Production Worldwide: Brenmiller
signed a non-binding Term Sheet with one of the largest producers of clean energy in the world and Green Enesys Group toward a definitive
agreement to jointly identify, build, and accelerate electrification by using renewable energies and Brenmiller’s bGen ZERO TES
systems to electrify heat and achieve full decarbonization for the Utility’s clients. As of the signing of the Term Sheet, 9 potential
clean energy projects with a total of approximately 2 GWh capacity have been identified. |
| ● | $610,000 Grant Approved
for Clean Energy Production for One of Israel’s Largest Beverage Producers: Brenmiller
received approval from the Israeli Ministry of Environmental Protection for a NIS 2.2 million
(approximately $610,000) grant, conditional on the build and installation of its industry-leading
bGen ZERO TES system at a beverage plant owned and operated by one of Israel’s largest
beverage companies. The approved grant is to fund the clean energy project outlined in a
Memorandum of Understanding ("MOU") between Brenmiller and the beverage company.
Through the proposed Energy as a Service (EaaS) joint venture Brenmiller’s bGen ZERO
is to provide clean steam, replacing the fossil fuel-based steam boilers that currently power
the beverage plant. The TES project is expected to have a capacity of 35 MWh and a maximum
capacity of 14 tons of steam per hour. |
Dimona Israel Production Facility to
Manufacture bGen and bGen ZERO: World’s First Gigafactory for Thermal Energy Storage
Brenmiller inaugurated its TES gigafactory
in Dimona, Israel on May 2, 2023 and to the Company’s knowledge, it is the world’s first TES gigafactory. The new facility
serves as Brenmiller’s primary manufacturing hub for its bGen and next-generation bGen ZERO with production lines expected to be
operational by the end of 2023 with a planned ramp-up of the Company's production line during 2024 reaching a capacity of up to 4 GWh
of TES modules annually. The production facility is financed with non-dilutive funding by the European Investment Bank (EIB) through facility
agreement.
Brenmiller’s Ordinary Shares
to Trade Exclusively on Nasdaq as of September 11, 2023
As previously announced, Brenmiller is voluntarily delisting its securities
from the Tel Aviv Stock Exchange ("TASE") effective September 11, 2023.
Research, Development and Engineering Expenses, Net
Research, development, and engineering expenses, net of government grants,
were $1.67 million in the six months ended June 30, 2023, compared to $2.47 million in the six months ended June 30, 2022.
The 33% decrease was primarily attributable to a decrease of $0.19 million
in payroll and related expenses, a decrease of $0.33 million in raw materials used in research and development projects, a decrease of
$0.15 million in consultants and subcontractors and a decrease of $0.30 million in depreciation and other expenses in the six months ended
June 30, 2023, compared to the six months ended June 30, 2022. This decrease was offset by a net decrease of $0.17 million in government
grants received in the six months ended June 30, 2023, compared to the six months ended June 30, 2022.
The Company expects research, development, and engineering expenses will
remain similar to those during the period ended June 30, 2023.
Research, development, and engineering expenses, net breakdown:
| |
Six months ended June 30, 2023 | |
| |
2023 | | |
2022 | |
| |
USD in thousands (unaudited) | |
Total research, development, and engineering expenses | |
| 1,758 | | |
| 2,730 | |
Less – grants | |
| (94 | ) | |
| (263 | ) |
Research, development and engineering expenses, net | |
| 1,664 | | |
| 2,467 | |
Balance Sheet Update
As of June 30, 2023, Brenmiller had cash and cash equivalents of $6.74
million, a net increase of $0.2 million from $6.51 million on December 31, 2022. This is attributable primarily to net proceeds of approximately
$6.0 million received from a private placement with aggregate gross proceeds of $2.5 million in June and the issuance of ordinary shares
and warrants under a private placement investment in February 2023 for gross proceeds of $3.6 million which included participation from
Brenmiller management, offset by net cash used in operating activities of $3.0 million and an additional $2.1 million used in connection
with the Company’s Dimona production facility.
About Brenmiller Energy Ltd.
Brenmiller Energy delivers scalable thermal energy storage solutions and
services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables
the use of renewable energy resources, as well as waste heat, to heat crushed rocks to very high temperatures. They can then store this
heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a
way to use electricity, biomass and waste heat to generate the clean steam, hot water and hot air they need to mold plastic, process
food and beverages, produce paper, manufacture chemicals and pharmaceuticals or drive steam turbines without burning fossil fuels. For
more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal and Israeli securities
laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is
using forward-looking statements in this press release when it discusses: that its bGen™ TES production lines are expected to be
operational by the end of 2023 with a planned ramp-up during 2024 to reach capacity of up to 4 GWh of TES modules annually; its strategic
partnerships and collaborations; the potential for the utility company to become a strategic investor for a minority stake in Brenmiller;
its plan to build and install its industry-leading bGen™ TES at a beverage plant owned and operated by one of Israel’s largest
beverage companies; its planned delisting from the TASE; its potential pipeline of additional projects; and its expectation that its research,
development, and engineering expenses will remain similar to those during the period ended June 30, 2023. Without limiting the generality
of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,”
“will,” “expect,” “believe,” “anticipate,” “intend,” “could,”
“estimate” or “continue” are intended to identify forward-looking statements. Readers are cautioned that certain
important factors may affect the Company’s actual results and could cause such results to differ materially from any forward-looking
statements that may be made in this press release. Factors that may affect the Company’s results include, but are not limited to,
the Company’s planned level of revenues and capital expenditures, the demand for and market acceptance of our products, impact of
competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations
and trade, legal, social and economic risks and the risks associated with the adequacy of existing cash resources. The forward-looking
statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control
of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended
December 31, 2022 filed with the SEC on March 21, 2023, which is available on the SEC’s website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
| |
(Unaudited) | | |
(Audited) | |
Assets | |
USD in thousands | |
CURRENT ASSETS: | |
| | | |
| | |
Cash and cash equivalents | |
| 6,360 | | |
| 6,135 | |
Restricted deposits | |
| 34 | | |
| 34 | |
Trade receivables | |
| 1,004 | | |
| 657 | |
Other receivables | |
| 518 | | |
| 584 | |
Inventory | |
| 596 | | |
| 935 | |
Assets held for sale (Rotem1) | |
| 228 | | |
| 240 | |
TOTAL CURRENT ASSETS | |
| 8,740 | | |
| 8,585 | |
NON-CURRENT ASSETS: | |
| | | |
| | |
Cash and cash equivalent – long term | |
| 380 | | |
| 373 | |
Restricted deposits | |
| 82 | | |
| 85 | |
Right-of-use assets, net | |
| 1,262 | | |
| 1,462 | |
Property, plant and equipment: | |
| | | |
| | |
Plant and equipment, net | |
| 3,830 | | |
| 1,193 | |
Advances to equipment supplier | |
| - | | |
| 685 | |
Total property, plant and equipment | |
| 3,830 | | |
| 1,878 | |
TOTAL NON-CURRENT ASSETS | |
| 5,554 | | |
| 3,798 | |
TOTAL ASSETS | |
| 14,294 | | |
| 12,383 | |
LIABILITIES AND EQUITY | |
| | | |
| | |
CURRENT LIABILITIES: | |
| | | |
| | |
Trade payables | |
| 556 | | |
| 246 | |
Deferred revenues | |
| 379 | | |
| 418 | |
Other payables | |
| 918 | | |
| 1,114 | |
Provisions | |
| - | | |
| 8 | |
Current maturities of liabilities for royalties | |
| 356 | | |
| 260 | |
Current maturities of lease liabilities | |
| 622 | | |
| 606 | |
TOTAL CURRENT LIABILITIES | |
| 2,831 | | |
| 2,652 | |
NON-CURRENT LIABILITIES | |
| | | |
| | |
European Investment Bank ("EIB") loan | |
| 4,068 | | |
| 3,965 | |
Lease liabilities | |
| 738 | | |
| 959 | |
Liability for royalties | |
| 1,792 | | |
| 2,143 | |
TOTAL NON-CURRENT LIABILITIES | |
| 6,598 | | |
| 7,067 | |
TOTAL LIABILITIES | |
| 9,429 | | |
| 9,719 | |
EQUITY : | |
| | | |
| | |
Share capital | |
| 119 | | |
| 88 | |
Share premium | |
| 57,189 | | |
| 52,502 | |
Receipts on account of warrants | |
| 3,807 | | |
| 1,487 | |
Capital reserve from transactions with controlling shareholders | |
| 54,061 | | |
| 54,061 | |
Capital reserve on share based payments | |
| 3,498 | | |
| 2,861 | |
Foreign currency cumulative translation reserve | |
| (1,912 | ) | |
| (1,582 | ) |
Accumulated deficit | |
| (111,897 | ) | |
| (106,753 | ) |
TOTAL EQUITY | |
| 4,865 | | |
| 2,664 | |
TOTAL LIABILITIES AND EQUITY | |
| 14,294 | | |
| 12,383 | |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
LOSS
(Unaudited)
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands (except per share data) | |
REVENUES: | |
| | |
| |
LICENSING FEE | |
| - | | |
| 1,500 | |
OTHER ENGINEERING SERVICES | |
| 580 | | |
| 20 | |
| |
| 580 | | |
| 1,520 | |
COSTS AND EXPENSES: | |
| | | |
| | |
COST OF REVENUES | |
| (1,132 | ) | |
| (883 | ) |
RESEARCH, DEVELOPMENT AND ENGINEERING EXPENSES, NET | |
| (1,664 | ) | |
| (2,467 | ) |
MARKETING AND PROJECT PROMOTION EXPENSES | |
| (683 | ) | |
| (612 | ) |
GENERAL AND ADMINISTRATIVE EXPENSES | |
| (2,398 | ) | |
| (2,328 | ) |
SHARE IN LOSS OF JOINT VENTURE | |
| - | | |
| (29 | ) |
OTHER INCOME, NET | |
| 2 | | |
| 38 | |
OPERATING LOSS | |
| (5,295 | ) | |
| (4,761 | ) |
FINANCIAL INCOME | |
| 270 | | |
| 964 | |
FINANCIAL EXPENSES | |
| (119 | ) | |
| (154 | ) |
FINANCIAL INCOME, NET | |
| 151 | | |
| 810 | |
LOSS FOR THE PERIOD | |
| (5,144 | ) | |
| (3,951 | ) |
OTHER COMPREHENSIVE LOSS – ITEM THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS – EXCHANGE DIFFERENCES ON TRANSLATION TO PRESENTATION CURRNECY | |
| (330 | ) | |
| (622 | ) |
COMPREHENSIVE LOSS FOR THE PERIOD | |
| (5,474 | ) | |
| (4,573 | ) |
| |
| | | |
| | |
LOSS PER ORDINARY SHARE (in Dollars) - | |
| | | |
| | |
Basic and fully diluted loss | |
| (0.29 | ) | |
| (0.28 | ) |
Weighted average number of shares outstanding used in the computation of basic and diluted loss per share | |
| 17,498,762 | | |
| 14,018,290 | |
Media Contact:
Tori Bentkover
brenmillerenergy@antennagroup.com
5
Exhibit 99.2
Brenmiller Energy Ltd.
Condensed consolidated financial statements
as of and for the 6 month period ended June 30, 2023 (Unaudited)
Brenmiller Energy Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL
POSTION
(Unaudited)
| |
| |
June 30, | | |
December 31, | |
| |
Note | |
2023 | | |
2022 | |
| |
| |
USD in thousands | |
Assets | |
| |
| |
CURRENT ASSETS: | |
| |
| | | |
| | |
Cash and cash equivalents | |
| |
| 6,360 | | |
| 6,135 | |
Restricted deposits | |
| |
| 34 | | |
| 34 | |
Trade receivables | |
| |
| 1,004 | | |
| 657 | |
Other receivables | |
| |
| 518 | | |
| 584 | |
Inventory | |
| |
| 596 | | |
| 935 | |
Assets held for sale (Rotem1) | |
| |
| 228 | | |
| 240 | |
TOTAL CURRENT ASSETS | |
| |
| 8,740 | | |
| 8,585 | |
NON-CURRENT ASSETS: | |
| |
| | | |
| | |
Cash and cash equivalent – long term | |
| |
| 380 | | |
| 373 | |
Restricted deposits | |
| |
| 82 | | |
| 85 | |
Right-of-use assets, net | |
| |
| 1,262 | | |
| 1,462 | |
Property, plant and equipment: | |
| |
| | | |
| | |
Plant and equipment, net | |
| |
| 3,830 | | |
| 1,193 | |
Advances to equipment supplier | |
| |
| - | | |
| 685 | |
Total property, plant and equipment | |
| |
| 3,830 | | |
| 1,878 | |
TOTAL NON-CURRENT ASSETS | |
| |
| 5,554 | | |
| 3,798 | |
TOTAL ASSETS | |
| |
| 14,294 | | |
| 12,383 | |
LIABILITIES AND EQUITY | |
| |
| | | |
| | |
CURRENT LIABILITIES: | |
| |
| | | |
| | |
Trade payables | |
| |
| 556 | | |
| 246 | |
Deferred revenues | |
| |
| 379 | | |
| 418 | |
Other payables | |
| |
| 918 | | |
| 1,114 | |
Provisions | |
| |
| - | | |
| 8 | |
Current maturities of liabilities for royalties | |
| |
| 356 | | |
| 260 | |
Current maturities of lease liabilities | |
| |
| 622 | | |
| 606 | |
TOTAL CURRENT LIABILITIES | |
| |
| 2,831 | | |
| 2,652 | |
NON-CURRENT LIABILITIES | |
| |
| | | |
| | |
European Investment Bank (“EIB”) loan | |
| |
| 4,068 | | |
| 3,965 | |
Lease liabilities | |
| |
| 738 | | |
| 959 | |
Liability for royalties | |
| |
| 1,792 | | |
| 2,143 | |
TOTAL NON-CURRENT LIABILITIES | |
| |
| 6,598 | | |
| 7,067 | |
TOTAL LIABILITIES | |
| |
| 9,429 | | |
| 9,719 | |
EQUITY : | |
5 | |
| | | |
| | |
Share capital | |
| |
| 119 | | |
| 88 | |
Share premium | |
| |
| 57,189 | | |
| 52,502 | |
Receipts on account of warrants | |
| |
| 3,807 | | |
| 1,487 | |
Capital reserve from transactions with controlling shareholders | |
| |
| 54,061 | | |
| 54,061 | |
Capital reserve on share based payments | |
| |
| 3,498 | | |
| 2,861 | |
Foreign currency cumulative translation reserve | |
| |
| (1,912 | ) | |
| (1,582 | ) |
Accumulated deficit | |
| |
| (111,897 | ) | |
| (106,753 | ) |
TOTAL EQUITY | |
| |
| 4,865 | | |
| 2,664 | |
TOTAL LIABILITIES AND EQUITY | |
| |
| 14,294 | | |
| 12,383 | |
The accompanying
notes are an integral part of the unaudited condensed consolidated financial statements.
Brenmiller Energy Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
LOSS
(Unaudited)
| |
| | |
Six months ended June 30 | |
| |
| | |
2023 | | |
2022 | |
| |
| | |
USD in thousands
(except per share data) | |
| |
| | |
| | |
| |
REVENUES: | |
| | |
| | |
| |
LICENSING FEE | |
| | |
| - | | |
| 1,500 | |
OTHER ENGINEERING SERVICES | |
6 | | |
| 580 | | |
| 20 | |
| |
| | |
| 580 | | |
| 1,520 | |
COSTS AND EXPENSES: | |
| | |
| | | |
| | |
COST OF REVENUES | |
7 | | |
| (1,132 | ) | |
| (883 | ) |
RESEARCH, DEVELOPMENT AND ENGINEERING EXPENSES, NET | |
8 | | |
| (1,664 | ) | |
| (2,467 | ) |
MARKETING AND PROJECT PROMOTION EXPENSES | |
| | |
| (683 | ) | |
| (612 | ) |
GENERAL AND ADMINISTRATIVE EXPENSES | |
9 | | |
| (2,398 | ) | |
| (2,328 | ) |
SHARE IN LOSS OF JOINT VENTURE | |
| | |
| - | | |
| (29 | ) |
OTHER INCOME, NET | |
| | |
| 2 | | |
| 38 | |
OPERATING LOSS | |
| | |
| (5,295 | ) | |
| (4,761 | ) |
FINANCIAL INCOME | |
| | |
| 270 | | |
| 964 | |
FINANCIAL EXPENSES | |
| | |
| (119 | ) | |
| (154 | ) |
FINANCIAL INCOME, NET | |
| | |
| 151 | | |
| 810 | |
LOSS FOR THE PERIOD | |
| | |
| (5,144 | ) | |
| (3,951 | ) |
OTHER COMPREHENSIVE LOSS – ITEM THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS – EXCHANGE DIFFERENCES ON TRANSLATION TO PRESENTATION CURRNECY | |
| | |
| (330 | ) | |
| (622 | ) |
COMPREHENSIVE LOSS FOR THE PERIOD | |
| | |
| (5,474 | ) | |
| (4,573 | ) |
| |
| | |
| | | |
| | |
LOSS PER ORDINARY SHARE (in Dollars) - | |
| | |
| | | |
| | |
Basic and fully diluted loss | |
| | |
| (0.29 | ) | |
| (0.28 | ) |
Weighted average number of shares outstanding used in the computation of basic and diluted loss per share | |
| | |
| 17,498,762 | | |
| 14,018,290 | |
The accompanying notes are an integral part
of the unaudited condensed consolidated financial statements.
Brenmiller
Energy Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN
EQUITY
(Unaudited)
| |
Share
capital | | |
Share
premium | | |
Receipts
for
warrants | | |
Capital
reserve
from
transactions
with
controlling
shareholder | | |
Capital
reserve on
share-based
payments | | |
Foreign
currency
cumulative
translation
reserve | | |
Accumulated
deficit | | |
Total
Equity | |
| |
USD in thousands | |
BALANCE AS OF JANUARY 1, 2023 | |
| 88 | | |
| 52,502 | | |
| 1,487 | | |
| 54,061 | | |
| 2,861 | | |
| (1,582 | ) | |
| (106,753 | ) | |
| 2,664 | |
CHANGES DURING THE PERIOD: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (5,144 | ) | |
| (5,144 | ) |
Currency translation differences | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (330 | ) | |
| - | | |
| (330 | ) |
Comprehensive loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (330 | ) | |
| (5,144 | ) | |
| (5,474 | ) |
Issuance of share and warrants, net | |
| 28 | | |
| 3,918 | | |
| 2,320 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 6,266 | |
Share-based payments | |
| 3 | | |
| 769 | | |
| - | | |
| - | | |
| 637 | | |
| - | | |
| | | |
| 1,409 | |
BALANCE AS OF JUNE 30, 2023 | |
| 119 | | |
| 57,189 | | |
| 3,807 | | |
| 54,061 | | |
| 3,498 | | |
| (1,912 | ) | |
| (111,897 | ) | |
| 4,865 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
BALANCE AS OF JANUARY 1, 2022 | |
| 79 | | |
| 45,648 | | |
| 1,176 | | |
| 54,061 | | |
| 1,318 | | |
| (1,053 | ) | |
| (95,686 | ) | |
| 5,543 | |
CHANGES DURING THE PERIOD: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (3,951 | ) | |
| (3,951 | ) |
Currency translation differences | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (622 | ) | |
| - | | |
| (622 | ) |
Comprehensive loss for the period | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (622 | ) | |
| (3,951 | ) | |
| (4,573 | ) |
Issuance of share and warrants, net | |
| 9 | | |
| 6,509 | | |
| 656 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 7,174 | |
Share-based payments | |
| - | | |
| - | | |
| - | | |
| - | | |
| 728 | | |
| - | | |
| - | | |
| 728 | |
BALANCE AS OF JUNE 30, 2022 | |
| 88 | | |
| 52,157 | | |
| 1,832 | | |
| 54,061 | | |
| 2,046 | | |
| (1,675 | ) | |
| (99,637 | ) | |
| 8,872 | |
The accompanying notes are an integral part
of the unaudited condensed consolidated financial statements.
Brenmiller
Energy Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
CASH FLOWS - OPERATING ACTIVITIES: | |
| | |
| |
Net cash used for operating activities (see Appendix A) | |
| (3,016 | ) | |
| (4,982 | ) |
| |
| | | |
| | |
CASH FLOWS - INVESTING ACTIVITIES: | |
| | | |
| | |
Purchase of equipment | |
| (7 | ) | |
| (30 | ) |
Installation of production line | |
| (2,090 | ) | |
| (108 | ) |
Investment in Joint venture | |
| - | | |
| (74 | ) |
Restricted deposits and interest received, net | |
| 87 | | |
| - | |
Net cash used for investing activities | |
| (2,010 | ) | |
| (212 | ) |
| |
| | | |
| | |
CASH FLOWS - FINANCING ACTIVITIES: | |
| | | |
| | |
Proceeds from issuance of shares and warrants, net | |
| 6,038 | | |
| 7,174 | |
Repayment of bank loan and interest thereon | |
| - | | |
| (5 | ) |
Payments with respect to lease liabilities and interest thereon | |
| (319 | ) | |
| (284 | ) |
Repayment of royalties’ liability | |
| (17 | ) | |
| (24 | ) |
Amounts recognized as liability for royalties | |
| 6 | | |
| 28 | |
Net cash provided by financing activities | |
| 5,708 | | |
| 6,889 | |
| |
| | | |
| | |
NET INCREASE IN CASH AND CASH EQUIVALENTS | |
| 682 | | |
| 1,695 | |
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | |
| (450 | ) | |
| (831 | ) |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | |
| 6,508 | | |
| 8,280 | |
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | |
| 6,740 | | |
| 9,144 | |
The accompanying notes are an integral part
of the unaudited condensed consolidated financial statements.
Brenmiller
Energy Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
APPENDIX | |
USD in thousands | |
| |
| | |
| |
A. NET CASH USED FOR OPERATING ACTIVITIES | |
| | |
| |
| |
| | |
| |
Loss for the period | |
| (5,144 | ) | |
| (3,951 | ) |
| |
| | | |
| | |
Adjustments for: | |
| | | |
| | |
Depreciation | |
| 65 | | |
| 121 | |
Amortization of right-of-use assets | |
| 275 | | |
| 273 | |
Royalty obligation initial recognition and adjustment | |
| (130 | ) | |
| 86 | |
Provision | |
| (8 | ) | |
| 24 | |
Share in loss of joint venture | |
| - | | |
| 29 | |
Other income | |
| - | | |
| (80 | ) |
Fair value adjustment of share options’ liability | |
| - | | |
| (178 | ) |
Other financial expenses, net | |
| 254 | | |
| 46 | |
Share-based payment | |
| 1,409 | | |
| 728 | |
| |
| (3,279 | ) | |
| (2,902 | ) |
Changes in operating working capital: | |
| | | |
| | |
Increase in trade and other receivables | |
| (353 | ) | |
| (709 | ) |
Decrease (increase) in inventory | |
| 301 | | |
| (243 | ) |
Increase (decrease) in deferred revenues and trade and other payables | |
| 315 | | |
| (1,128 | ) |
Net cash used for operating activities | |
| (3,016 | ) | |
| (4,982 | ) |
| |
| | | |
| | |
B. NON-CASH INVESTMENT AND FINANCING ACTIVITIES: | |
| | | |
| | |
Recognition of Lease liability and right-of-use asset | |
| 143 | | |
| 449 | |
Derecognition of lease liability | |
| - | | |
| 1,512 | |
Derecognition of right of use asset | |
| - | | |
| 1,432 | |
Borrowing costs capitalized | |
| 72 | | |
| - | |
Issuance of shares and warrants in exchange of accrued and unpaid CEO salary | |
| 225 | | |
| - | |
C. INTEREST PAYMENTS
(included in financing activities items) | |
| 45 | | |
| 33 | |
D. INTEREST
INCOME (included in investing activities items) | |
| 90 | | |
| - | |
The accompanying notes are an integral part
of the unaudited condensed consolidated financial statements.
Brenmiller Energy Ltd.
NOTES TO THE CONDENSED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 1 - GENERAL
| A. | General description of the Company and its operations |
Brenmiller Energy Ltd. (hereinafter
– “The Company”’ or “the Parent Company”) was incorporated and commenced its business operations in Israel in
2012. The Company’s registered offices are in Rosh Ha’Ayin in Israel. The Company is a public company whose shares are traded on the Tel-Aviv
Stock Exchange since August 2017, and, commencing May 2022, on Nasdaq (TASE and Nasdaq: BNRG).
During the reported period, the Company
announced its intension to make a voluntary deregistration of its securities from trading on the Tel-Aviv Stock Exchange, which will take
effect on September 11, 2023 (the last trading day will be Septemeber 7, 2023).
The Company is controlled by Mr. Avraham
Brenmiller (hereinafter: the “Controlling shareholder”), who serves as the Company’s CEO and as Chairman of the Board of Directors,
and his sons.
These consolidated financial statements
use the US Dollar as the presentation currency (see Note 2 to the annual financial statements).
The Company is a technology company
in the field of thermal energy storage generated from a variety of energy sources and supplies steam and/or hot air, services, products
and equipment in this field. The Company primarily focusses on the industrial heating market and the power plants market. Through June
30, 2023, the Company’s main activity was focused on the development
of its technology and its application into products and commercial solutions and continued the assembling of its new production line to
facilitate commercial operations.
The Company has not yet generated significant
revenues from its operations and has an accumulated deficit as of June 30, 2023, as well as a history of net losses and negative operating
cash flows. Through June 30, 2023, the Company commenced the commercialization of its products and services and is in the process of assembling
a new production line to facilitate this shift in operations from the development stage to commercial operations. However, the Company
expects to continue incurring losses and negative cash flows from operations until its products reach profitability. As a result of these
expected losses and negative cash flows from operations, along with the Company’s current cash position, the Company has concluded
that a material uncertainty exists that may cast significant doubt (or cast substantial doubt as contemplated by PCAOB standards) about
the Company’s ability to continue as a going concern. These financial statements have been prepared assuming that the Company will
continue as a going concern and do not include any adjustments that might result from the outcome of this uncertainty.
Management’s plans include the
continued commercialization of the Company’s products and services, raising capital through a private placements or public offerings
and through government grants under approved R&D plans and receiving the second tranche of the loan from our EIB credit facility.
In addition, management is planning to find additional cash sources through additional equity and debt financing.
There are no assurances however, that
the Company will be successful in obtaining the level of financing needed for its operations. If the Company is unsuccessful in commercializing
its products and raising capital, it may need to reduce, delay, or adjust its operating expenses, including commercialization of existing
products or be unable to expand its operations, as desired.
| C. | Approval of unaudited condensed consolidated financial
statements |
The unaudited condensed consolidated financial statements
of the Group for the period ended June 30, 2023 were approved by the Board of Directors (the “Board”) on August 9, 2023
and signed on its behalf by the Chief Executive Officer and the Chief Financial Officer.
Brenmiller Energy Ltd.
NOTES TO THE CONDENSED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 2 - THE
BASIS FOR THE PREPARATION OF THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The Group’s condensed
consolidated financial statements as of June 30, 2023 and 2022 and for the interim six month periods then ended (hereinafter: “The
financial information for the interim period”) were prepared in accordance with International Accounting Standard 34: “Interim
Financial reporting” (hereinafter: “IAS 34”). The financial information for the interim period is presented in a condensed
form and does not include all of the information and disclosures that are required within the framework of annual financial statements.
The financial information for the interim period should be read in conjunction with the annual financial statements for the year ended
December 31, 2022 and the accompanying notes thereto, which comply with the International Financial Reporting Standards (hereinafter:
“IFRS Standards”), as issued by the International Accounting Standard Board (“IASB”).
NOTE 3 - PRINCIPAL ACCOUNTING POLICIES
The principal accounting
policies and calculation methods, which have been implemented in the preparation of the financial information for the interim period,
are consistent with those that were implemented in the preparation of the Group’s annual financial statements for the year ended December
31, 2022, except for the following IFRS guidance that is applicable to the Company, that became effective and is applied commencing January
1, 2023:
Amendment to IAS
12 – this amendment requires to recognize deferred taxes in transactions that, on initial regognitions, give rise to equal amounts
of taxable and deductible temporary differences, which , as relates to the Company, apply to temporary differences arising on the initial
recognition of right-of-use assets and the corresponding lease liabilities; the adoption of this amendment had no material effect on the
Company’s financial statements.
Amendment to IAS
8 – this amendment clarifies the definition of accounting estimated and how should companies distinguish between changes in accounting
policies and changes in accounting estimates. The adoption of this amendment had no material effect on the Company’s financial statements.
Amendment to IAS
1 – this amendment requires that the annual financial statements for 2023, will disclose the material accounting policies (that
may affect the decisions of the main users) instead of the significant accounting policies. The Company will apply the materiality threshold
in disclosing its accounting policies in its 2023 annual finnaicial statements.
NOTE 4 - SIGNIFICANT
ACCOUNTING ESTIMATES AND JUDGMENTS
The preparation
of the interim financial statements requires the Company’s management to exercise judgment and it also requires the use of accounting
estimates and assumptions, which affect the implementation of the Group’s accounting policy and the reported amounts of the assets, liabilities
and expenses. The actual results may be different from these estimates.
When preparing
these interim condensed consolidated financial statements, the significant judgments that were applied by the management in the implementation
of the Group’s accounting policy and the uncertainty that is inherent in the key sources of the estimates were identical to those in the
Group’s annual consolidated financial statements for the year ended December 31, 2022.
Brenmiller Energy Ltd.
NOTES TO THE CONDENSED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 5 - SIGNIFICANT EVENTS DURING THE PERIOD:
| A. | Private placement to investors and the controlling shareholder |
Pursuant to the approval of an
extraordinary meeting of the Company’s shareholders held on January 24, 2023, of a definitive private placemet agreements signed
at the end of 2022 (see also Note 21A to the consolidated annual financial statements for 2022), in February 16, 2023, the Company completed
a private placement by certain investors, part of whom are existing shareholders of the Company (the “Investors”), and the
controlling shareholder of the Company, in an aggregate amount of NIS 12.463 million (USD 3.59 million). Under the investor agreements
the Company issued 2,338,264 units, each consisting of one Ordinary Share of NIS 0.02 and one non-registrable and non-tradeable warrant
at a price of NIS 5.33 (USD 1.55) per each issued Unit. Each warrant is exercisable into one Ordinary Share subject to payment of exercise
price of NIS 6.13 (USD 1.78) per warrant for a term of five (5) years from the issuance date of the offered warrants.
Issuance costs (of approximately
USD 29 thousands) and the placement proceeds were allocated on a relative fair value basis (USD 2.24 million to share capital and premium
and USD 1.35 million to the warrants); the warrants fair value was determined on the basis of the Black & scholes option pricing model.
The above private placement includes
645,028 units (representing a total investment of USD 1 million in cash), offered to Mr. Avraham Brenmiller - the Company’s controlling
shareholder and the Company’s Chief Executive Officer and Chairman of the Board - with the same terms and conditions, as offered
to the other investors.
The Investors and the controlling
shareholder received piggyback registration rights for their ordinary shares and associated warrants. The Company has agreed to file a
registration statement with the SEC to register the resale of the warrant shares thirty (30) days after becoming shelf eligible. Upon
effectiveness of such registration statement, the aforementioned piggyback rights shall expire. On June 29, 2023, the Company filed with
the SEC a registration statement of Form F-3 to affect the registration of the ordinary shares and warrants, as above.
The Investors are subject to certain
restrictions regarding resale of the Units, the Offered Shares and the shares underlying the Offered Warrants for Investors pursuant to
Israeli and U.S. laws.
Brenmiller Energy Ltd.
NOTES TO THE CONDENSED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 5 - SIGNIFICANT EVENTS DURING THE
PERIOD (cont.):
| B. | An amendment to the Company’s compensation policy for officers and directors |
Pursuant to the approval of an
extraordinary meeting of the Company’s shareholders held on January 24, 2023, and as recommended by the Board of Directors and compensation
committee, the Company adopted an amendment to the Company’s compensation policy, which includes an efficiency plan to decrease
expenses and the Company’s burn rate, which plan may include, inter alia, exchanging accrued and unpaid cash salary to Company’s
employees and officers with equity-based compensation (the “Efficiency Plan”). The amendment presents the following changes
to the current compensation policy from August 25, 2022:
| i. | To allow the Compensation Committee and the Board of Directors to exchange basic salary with equity-based
compensation, either in whole or in part, by issuing Restricted Shares (“RS”) or Restricted Shares Units (“RSU”)
which will be vested on a monthly basis. In such case, the calculation of the RS and RSU value in comparison to the basic salary will
include a discount of up to 15%. |
| ii. | To allow the Compensation Committee and the Board of Directors to exchange accrued and unpaid cash salary
to office holders, including shareholders and /or relative of controlling shareholders, with RSU or any other equity-based compensation
in accordance with the Company’s option plan (as defined in the current compensation policy) with the following minimum terms: vesting
period of no less than one month, share price that will be calculated according to the average of Company’s market share price in
the last 5-30 days (at the Boards’ discretion), with a discount of up to 15%. |
| iii. | To grant equity-based compensation in exchange of accrued and unpaid employee’s salary to Mr. Avraham
Brenmiller. Following the above approval, the Company converted the unpaid salary balance of Mr. Brenmiller as at December 31, 2022 (in
respect of prior years) in the amount of NIS 790 thousand (approximately USD 225 thousand), into equity under the terms of the Private
Placement to the Investors and the Private Placement to Mr. Brenmiller, as described in A above, respectively, except the exercise period
as described below. Accordingly, the Company granted Mr. Brenmiller 148,217 units, consisting of 148,217 Ordinary Shares of NIS 0.02 par
value and 148,217 associated Warrants, at a price of NIS 5.33 (USD 1.55) per each issued unit. Each warrant is exercisable into one Ordinary
Share subject to payment of exercise price of NIS 6.13 (USD 1.78) per warrant and has a term of two (2) years as of the issuance date
of the warrants for Mr. Brenmiller. |
Under the above approved compensation
plan, the Company granted during the period to its employees and service providers : (a) 22,164 RSU shares in exchange for employees salary
of NIS 207 thousand (approximately USD 58 thousand); these shares vest mainly over 12 months, of which 3 months have vested), (b) 39,892
RSU shares in exchange for service providers salary of NIS 254 thousand (approximately USD 71 thousand); these shares vest mainly over
12 months, of which 6 months have vested), and (c) bonuses in fully vested 473,171 RS shares to employees and service providers, with
estimated value in the amount of NIS 2,328 thousand (USD 649 thousand).
In addition, following the approval
of the extraordinary shareholders meeting and the recommendation of the Board of Directors, the controlling shareholders were granted
share options (received instead of RSU, with no incremental value as of the modification date), as follows: 33,536 fully vested share
options in exchange for bonus payment in the amount of NIS 165 thousand (USD 46 thousand) and 13,643 share options in exchange for salary
of NIS 157 thousand (USD 44 thousand). In calculating the share options amount granted in exchange for salary, a 10% discount was taken
into account and they vest over a period of 12 months (of which 2 month have already vested).
Brenmiller Energy Ltd.
NOTES TO THE CONDENSED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 5 - SIGNIFICANT
EVENTS DURING THE PERIOD (cont.):
| C. | Clean Energy production for an Israeli Beverage Producer: |
During the
period, the Company received an approval from the Israeli Ministry of Environmental Protection for a NIS 2.2 million (approximately USD
$610,000) grant, conditional on the built and installation of a bGen™ TES system at a beverage plant owned and operated by an Israeli
beverage producing company. The approved grant is to fund the clean energy project outlined in a Memorandum of Understanding (“MOU”)
between the Company and the beverage company. Through the proposed Energy as a Service (EaaS) joint venture Brenmiller’s bGen™
is to provide clean steam, replacing the fossil fuel-based steam boilers that currently power the beverages plant. The TES project is
expected to have a capacity of 35 MWh and a maximum capacity of 14 tons of steam per hour.
| D. | Dimona Israel Production Facility: |
The Company
is proceeding with the assembly of its TES gigafactory in Dimona, Israel, under the arrangement with EIB. The production facility is planned
to be Industry 4.0 compliant and will have a fully automated line with a production capacity of up to 4 GWh of its patented bGenTM
TES modules annually.
The Company
expects that it will be operational by the end of 2023 and plans to ramp-up the production line during 2024 and increase its production
capacity in order to reach the target of 4 GWh annually.
| E. | An agreement with sales agent |
On June 9,
2023, the Company, entered into a Sales Agreement with A.G.P./Alliance Global Partners (“the Sales Agent”), pursuant to which
the Company may offer and sell, from time to time, to or through the Sales Agent as agent or principal, ordinary shares, par value NIS
0.02 per share. The Ordinary Shares will be offered and sold pursuant to the Company’s currently effective registration statement
on Form F-3, the prospectus contained therein and the prospectus supplement filed with the Securities and Exchange Commission dated June
9, 2023, under which the Company may offer and sell its Ordinary Shares having an aggregate offering price of up to USD 9,350 thousand
from time to time through A.G.P..
| F. | June 2023 private placement |
On June 15,
2023, the Company completed a private placement offering of its securities for the aggregate gross proceeds of USD 2.5 million (NIS 8.97
million) with one of the Company’s shareholders, a Switzerland-based company. The placement included 2,487,778 units ( “Units”),
each Unit consisting of one ordinary share of the Company, par value NIS 0.02 per share (the “Ordinary Shares”), and one non-tradeable
warrant to purchase one ordinary share, at a price per Unit of $1.00.
The warrants
are exercisable at a price of NIS 4.4 (approximately USD 1.20) per share, reflecting a 33% premium over the market price of the Company’s
Ordinary Shares on The Nasdaq Stock Market LLC at the close on June 12, 2023. The warrants are exercisable beginning on June 12, 2024
and are exercisable until June 12, 2029.
Issuance
costs (of approximately USD 20 thousand) and the placement proceeds were allocated on a relative fair value basis (USD 1.57 million to
share capital and premium and USD 0.93 million to the warrants); the warrants fair value was determined on the basis of the Black &
scholes option pricing model.
NOTE 6 –
REVENUES - Other engineering services in 2023 are mostly in respect of the engineering milestones of the project in Romania (see Note
7 to the annual 2022 finacial statements), which was then terminated.
Brenmiller Energy Ltd.
NOTES TO THE CONDENSED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 7 - COST
OF REVENUES
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
| |
| |
Salary and related expenses | |
| 392 | | |
| - | |
Consultants and subcontractors | |
| 112 | | |
| 5 | |
Operating costs not attributed to projects (mainly salary and related expenses) | |
| 628 | | |
| 878 | |
| |
| 1,132 | | |
| 883 | |
NOTE 8 - RESEARCH,
DEVELOPMENT AND ENGINEERING EXPENSES, NET:
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
| |
| |
Total research, development and engineering expenses | |
| 1,758 | | |
| 2,730 | |
Less – grants | |
| (94 | ) | |
| (263 | ) |
| |
| 1,664 | | |
| 2,467 | |
NOTE 9 - GENERAL
AND ADMINISTRATIVE EXPENSES:
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
| |
| |
Salary and related expenses | |
| 1,279 | | |
| 1,051 | |
Consultants and insurance | |
| 903 | | |
| 1,018 | |
Depreciation and other | |
| 162 | | |
| 214 | |
Office maintenance | |
| 54 | | |
| 45 | |
| |
| 2,398 | | |
| 2,328 | |
NOTE 10 - TRANSACTIONS WITH RELATED PARTIES –
see Note 5A and 5B.
NOTE 11 - FINANCIAL INSTRUMENTS:
| A. | Fair value estimates of financial instruments (that are not presented at fair value) |
The fair value of the loan from EIB
as at June 30, 2023, based on citations of interest rates in the market (level 2 of fair value hierarchy), approximates USD 3,623 thousand.
The book value of other financial balances constitutes a reasonable approximation of their fair value since the effect of capitalization
is not material.
| B. | Exchange rate of the US Dollar |
The exchange rates of the USD and the changes
therein during the reporting periods, are as follows:
| |
Six months ended
June 30, | |
| |
2023 | | |
2022 | |
| |
1 USD = | |
| |
| | |
| |
Exchange rate at June 30, | |
| NIS 3.70 | | |
| 3.50 NIS | |
| |
| | | |
| | |
Increase during the period | |
| 5.1 | % | |
| 12.5 | % |
12
0.28
0.29
14018290
17498762
false
--12-31
Q2
2023-06-30
0001901215
0001901215
2023-01-01
2023-06-30
0001901215
2023-06-30
0001901215
2022-12-31
0001901215
bnrg:LicensingFeesMember
2023-01-01
2023-06-30
0001901215
bnrg:LicensingFeesMember
2022-01-01
2022-06-30
0001901215
bnrg:EngineeringServicesMember
2023-01-01
2023-06-30
0001901215
bnrg:EngineeringServicesMember
2022-01-01
2022-06-30
0001901215
2022-01-01
2022-06-30
0001901215
bnrg:ShareCapitalMember
2022-12-31
0001901215
ifrs-full:SharePremiumMember
2022-12-31
0001901215
bnrg:ReceiptsForWarrantsAndTheCapitalComponentOfConvertibleLoansMember
2022-12-31
0001901215
ifrs-full:OtherReservesMember
2022-12-31
0001901215
ifrs-full:ReserveOfSharebasedPaymentsMember
2022-12-31
0001901215
ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember
2022-12-31
0001901215
ifrs-full:RetainedEarningsMember
2022-12-31
0001901215
bnrg:ShareCapitalMember
2023-01-01
2023-06-30
0001901215
ifrs-full:SharePremiumMember
2023-01-01
2023-06-30
0001901215
bnrg:ReceiptsForWarrantsAndTheCapitalComponentOfConvertibleLoansMember
2023-01-01
2023-06-30
0001901215
ifrs-full:OtherReservesMember
2023-01-01
2023-06-30
0001901215
ifrs-full:ReserveOfSharebasedPaymentsMember
2023-01-01
2023-06-30
0001901215
ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember
2023-01-01
2023-06-30
0001901215
ifrs-full:RetainedEarningsMember
2023-01-01
2023-06-30
0001901215
bnrg:ShareCapitalMember
2023-06-30
0001901215
ifrs-full:SharePremiumMember
2023-06-30
0001901215
bnrg:ReceiptsForWarrantsAndTheCapitalComponentOfConvertibleLoansMember
2023-06-30
0001901215
ifrs-full:OtherReservesMember
2023-06-30
0001901215
ifrs-full:ReserveOfSharebasedPaymentsMember
2023-06-30
0001901215
ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember
2023-06-30
0001901215
ifrs-full:RetainedEarningsMember
2023-06-30
0001901215
bnrg:ShareCapitalMember
2021-12-31
0001901215
ifrs-full:SharePremiumMember
2021-12-31
0001901215
bnrg:ReceiptsForWarrantsAndTheCapitalComponentOfConvertibleLoansMember
2021-12-31
0001901215
ifrs-full:OtherReservesMember
2021-12-31
0001901215
ifrs-full:ReserveOfSharebasedPaymentsMember
2021-12-31
0001901215
ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember
2021-12-31
0001901215
ifrs-full:RetainedEarningsMember
2021-12-31
0001901215
2021-12-31
0001901215
bnrg:ShareCapitalMember
2022-01-01
2022-06-30
0001901215
ifrs-full:SharePremiumMember
2022-01-01
2022-06-30
0001901215
bnrg:ReceiptsForWarrantsAndTheCapitalComponentOfConvertibleLoansMember
2022-01-01
2022-06-30
0001901215
ifrs-full:OtherReservesMember
2022-01-01
2022-06-30
0001901215
ifrs-full:ReserveOfSharebasedPaymentsMember
2022-01-01
2022-06-30
0001901215
ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember
2022-01-01
2022-06-30
0001901215
ifrs-full:RetainedEarningsMember
2022-01-01
2022-06-30
0001901215
bnrg:ShareCapitalMember
2022-06-30
0001901215
ifrs-full:SharePremiumMember
2022-06-30
0001901215
bnrg:ReceiptsForWarrantsAndTheCapitalComponentOfConvertibleLoansMember
2022-06-30
0001901215
ifrs-full:OtherReservesMember
2022-06-30
0001901215
ifrs-full:ReserveOfSharebasedPaymentsMember
2022-06-30
0001901215
ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember
2022-06-30
0001901215
ifrs-full:RetainedEarningsMember
2022-06-30
0001901215
2022-06-30
0001901215
2023-02-16
2023-02-16
0001901215
bnrg:PrivatePlacementsMember
2023-01-01
2023-06-30
0001901215
2023-06-09
0001901215
2023-06-09
2023-06-09
0001901215
bnrg:June2023PrivatePlacementMember
2023-06-15
2023-06-15
0001901215
ifrs-full:WarrantReserveMember
2023-06-30
0001901215
bnrg:June2023PrivatePlacementMember
2023-01-01
2023-06-30
0001901215
bnrg:June2023PrivatePlacementMember
ifrs-full:WarrantReserveMember
2023-01-01
2023-06-30
0001901215
ifrs-full:WarrantReserveMember
2023-01-01
2023-06-30
0001901215
bnrg:EuropeanInvestmentBankMember
2023-06-30
iso4217:USD
iso4217:USD
xbrli:shares
xbrli:shares
iso4217:ILS
xbrli:pure
utr:T
iso4217:ILS
xbrli:shares
Exhibit 99.3
MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
The following discussion
and analysis of our financial condition and results of operations provides information that we believe to be relevant to an assessment
and understanding of our results of operations and financial condition for the periods described. This discussion should be read in conjunction
with our condensed consolidated interim financial statements and the notes thereto which are included in this Report of Foreign Private
Issuer on Form 6-K. In addition, this information should also be read in conjunction with the information contained in the Company’s
Annual Report on Form-20-F filed with the Securities and Exchange Commission, or SEC, on March 22, 2023, or the 2022 Annual Report, including
the audited consolidated annual financial statements as of and for the year ended December 31, 2022 and the accompanying notes included
therein.
Forward Looking Statements
This Report of Foreign Private
Issuer on Form 6-K contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 and
Israeli Securities Law with respect to the business, financial condition and results of operations of Brenmiller Energy. Forward-looking
statements can be identified based on our use of forward-looking words such as “believe,” “expect,” “intend,”
“plan,” “may,” “should,” “anticipate,” “could,” “might,” “seek,”
“target,” “will,” “project,” “forecast,” “continue” or their negatives or
variations of these words or other comparable words, or by the fact that these statements do not relate strictly to historical matters.
Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because
forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties
that could cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements.
Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking
statements.
Important factors that could
cause actual results, developments, and business decisions to differ materially from those anticipated in these forward-looking statements
include, among other things:
|
● |
our
planned level of revenues and capital expenditures; |
|
|
|
|
● |
our
ability to market and sell our products; |
|
|
|
|
● |
our
plans to continue to invest in research and development to develop technology for both existing and new products; |
|
|
|
|
● |
our
ability to maintain our relationships with suppliers, manufacturers, and other partners; |
|
|
|
|
● |
our
ability to maintain or protect the validity of our European, U.S., and other patents and other intellectual property; |
|
|
|
|
● |
our
ability to retain key executive members |
|
|
|
|
● |
our
ability to internally develop and protect new inventions and intellectual property; |
|
|
|
|
● |
our
ability to expose and educate the industry about the use of our products; |
|
|
|
|
● |
our
expectations regarding our tax classifications; |
|
|
|
|
● |
interpretations
of current laws and the passages of future laws; and |
|
|
|
|
● |
the
impact of the pandemic and resulting government actions on us, our manufacturers, suppliers and facilities. |
We believe that our forward-looking
statements are reasonable; however, these statements are only current predictions and are subject to known and unknown risks, uncertainties
and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially
different from those anticipated by the forward-looking statements. We describe many of these risks in greater detail under the heading
“Risk Factors” in our 2022 Annual Report.
All forward-looking statements
contained in this Report of Foreign Private Issuer on Form 6-K speak only as of the date of this document and are expressly qualified
in their entirety as described herein and by the cautionary statements contained within the “Risk Factors” section of the
2022 Annual Report. We do not undertake to update or revise forward-looking statements to reflect events or circumstances that arise after
the date on which such statements are made or to reflect the occurrence of unanticipated events, except as required by law. In evaluating
forward-looking statements, you should consider these risks and uncertainties and not place undue reliance on our forward-looking statements.
The terms “Brenmiller,”
“Brenmiller Energy,” “we,” “us,” “our,” “our Company” and “the Company”
in this Report of Foreign Private Issuer on Form 6-K refer to Brenmiller Energy Ltd. and its consolidated subsidiaries, consisting of
Brenmiller Energy (Rotem) Ltd., Hybrid Bio-Sol 10 Ltd., Brenmiller Energy U.S. Inc. and Brenmiller Energy NL B.V., unless the context
otherwise requires.
Overview
We are a technology company
that develops, produces, markets, and sells thermal energy storage, or TES, systems based on our proprietary and patented bGen™
technology. Our bGen™ technology uses crushed rocks to store heat at high temperatures and our TES systems use that heat to dispatch
consistent thermal energy on demand.
Activity During the Six Months Ended June 30,
2023
Recent Developments
Delisting from the Tel Aviv Stock Exchange
During the six months ended
June 30, 2023, we announced our intension to voluntary delist our securities from trading on the Tel Aviv Stock Exchange, which will take
effect on September 11, 2023 (the last trading day will be September 7, 2023).
Grant from Israeli Ministry of Environmental
Protection
On April 5, 2023, we received
approval from the Israeli Ministry of Environmental Protection for a NIS 2.2 million (approximately USD $610,000) grant for the purpose
of and conditioned upon the building and installation of our industry-leading bGen™ TES system at a beverage plant owned and operated
by Tempo Beverages Ltd., or Tempo. Tempo, partially owned by Heineken International B.V., is a producer of beverages for brands including
Heineken, Pepsi, Nestle, and Pernod Richard. The approved grant is to fund the clean energy project outlined in a Memorandum of Understanding
between Brenmiller and Tempo. Under a proposed ‘Energy as a Service’ joint-venture agreement between the companies, Brenmiller’s
bGen would provide clean steam, replacing the fossil fuel-based steam boilers that currently power Tempo’s plant. The TES project
is expected to have a capacity of 35 MWh and a maximum capacity of 14 tons of steam per hour.
February Private Placement
On February 16, 2023, we completed
a private placement by certain investors, part of whom are existing shareholders of the Company, and Mr. Avraham Brenmiller the Chief
Executive Officer, Chairman of the Board of Directors, and controlling shareholder of the Company, in an aggregate amount of NIS 12.463
million (USD 3.59 million). Under the investor agreements we issued 2,338,264 units, each consisting of one Ordinary Share and one non-registrable
and non-tradeable warrant at a price of NIS 5.33 (USD 1.55) per each issued unit. Each warrant is exercisable into one Ordinary Share,
exercise price of NIS 6.13 (USD 1.78) per warrant share for a term of five (5) years from the issuance date of the warrants.
Dimona Israel Production Facility
As of June 30, 2023, we have
received the majority of the equipment for the Dimona facility build-out. The production facility is planned to be Industry 4.0 compliant
and will have a fully automated production line with a production capacity of up to 4 GWh of the Company’s patented bGen TES modules
annually. The Company expects that the Dimona facility will be operational by the end of 2023 and plans to ramp-up the production line
during 2024 and increase its production capacity in order to reach its full production capacity target of 4 GWh annually. The equipment
purchase order was financed through a non-dilutive €7.5 million credit facility with the European Investment Bank, or EIB, out of
which an amount of €4 million was withdrawn in July 2022 by the Company, and an additional amount of up to €3.5 million can
be drawn within a period of 36 months from signing the agreement, or March 31, 2024.
Term Sheet with Leading Global Clean Energy
Utility Partner
On April 20, 2023, we signed
a non-binding Term Sheet with one of the largest producers of clean energy in the world and Green Enesys Group toward a definitive agreement
to jointly identify, build, and accelerate electrification by using renewable energies and Brenmiller’s TES system to electrify
heat and achieve full decarbonization for their clients. The Utility identified Brenmiller’s TES system as a leading decarbonization
technology. The two companies expect to join forces with Green Enesys to accelerate TES deployments and provide a quick response to the
global economy’s USD $1.7 - $3.6 trillion need for net-zero heat. Under the terms of this agreement, Brenmiller’s bGen units
will be produced at its gigawatt-scale production facility in Israel. The parties have the option to implement a joint production line
in Europe to be used for the Utility’s projects. The non-binding term sheet also includes the option for the Utility to become a
strategic investor for a minority stake in the Company. Brenmiller’s patented bGen™ technology enables industrial- and utility-scale
decarbonization by absorbing electricity from renewables, using it to charge the storage system, and converting it into clean heat according
to customers’ needs. Brenmiller’s TES technology bridges the gap between the time that renewable energy is produced and when
demand peaks.
At-The-Market Offering
On
June 9, 2023, we entered into a Sales Agreement with A.G.P./Alliance Global Partners, or the Sales Agent, pursuant to which it may offer
and sell, from time to time, to or through the Sales Agent as agent or principal Ordinary Shares in an “at-the-market” offering,
as defined in Rule 415(a)(4) promulgated under the Securities Act, for an aggregate offering price of up to $9.35 million. We will pay
the Sales Agent a commission equal to 3.0% of the gross sales price per share sold pursuant to the terms of the Sales Agreement. We are
not obligated to sell any Ordinary Shares under the Sales Agreement and no assurance can be given that we will sell any Ordinary Shares
under such agreement, or, if we do, as to the price or number of such shares that we will sell or the dates on which any such sales will
take place. During the six months ended June 30, 2023, no Ordinary Shares were sold under the Sales Agreement and no fees
were paid to the Sales Agent pursuant to the Sales Agreement.
June Private Placement
On June 12, 2023, we entered
into a definitive securities purchase agreement with Snowdrop Holding SA for the issuance and sale in a private placement offering of
2,487,778 units, each unit consisting of one Ordinary Share and one non-tradeable warrant to purchase one Ordinary Share at a price per
unit of $1.00, for aggregate gross proceeds of approximately $2.5 million. The warrants have an exercise price of NIS 4.4 (approximately
$1.20) per warrant and may be exercised beginning on June 12, 2024 until June 12, 2029. The offering closed on June 15, 2023.
Operational Update
During the six months ended
June 30, 2023, our primary activity was focused on the development of our technology and its application into products and commercial
solutions and continuing the assembly of our new production line.
Brenmiller is currently in
the process of installing pilot projects in various geographic regions in an effort to demonstrate the use of its technologies for both
industrial and utility scale applications, which are ultimately expected to support the commercialization of the technology. Its pilot
projects are progressing as planned and are expected to reach major milestones over the next twelve months. Key updates to its pilot projects
include:
| ● | Enel:
Brenmiller is designing, manufacturing, and installing a 23 MWh TES system for
a combined cycle power plant in Italy for Enel S.p.A., an Italian multinational manufacturer
and distributor of energy sources. This is the Company’s first utility-based project.
The project is currently in its hot commissioning phase. Full operations are expected by
year end 2023. Following the testing phase of the system, Enel S.p.A. will have an option
to add additional TES storage capacity at the site. |
| ● | SUNY
Purchase: The Company has installed a 0.5 MWh thermal storage-based co-generation
station with the New York Power Authority at SUNY Purchase College in New York. The system
includes hybrid charging with both exhaust gas and electricity. The project is currently
in the commissioning phase with the final delivery expected in the second half of 2023. |
Rotem Facility
During 2022, pursuant to an
agreement with the lessor of the land on which the Rotem facility was built, the Company completed vacating the premises and the land
was returned to the lessor, after dismantling the facility. Following this, Brenmiller Energy (Rotem) Ltd. ceased its operations. On July
17, 2023 the Company’s board of directors approved the liquidation of Brenmiller Energy (Rotem) Ltd. and the sale of the hydroelectric
microturbine from Brenmiller (Rotem) Ltd. to Brenmiller Energy Ltd. in accordance with its fair value as shown in its consolidated financial
statements.
Philip Morris Romania
On April 27, 2023, the Company
received a notice of termination dated April 27, 2023 (the “Notice”) from Philip Morris Romania S.R.L. with
respect to that certain Master Supply and Services Agreement, effective December 1, 2021, between Philip Morris Products
S.A. and the Company (the “Master Supply and Services Agreement”), as well as that certain Local Service Agreement, effective
February 28, 2022, between Philip Morris Romania S.R.L. and the Company (the “Local Service Agreement”). The
Notice terminated the Local Service Agreement effective June 26, 2023, commensurate with the 60-day termination notice requirement under
the terms of the Local Service Agreement. The Company has no further obligations under the Local Service Agreement after the date of the
termination. The Notice had no effect on the Master Supply and Services Agreement with Philip Morris Products S.A., which
remains fully in force and unchanged.
Results of Operations
The following table presents
our results of operations for the periods presented.
| |
Six Months Ended June 30, | |
US dollars in thousands, except per share data (unaudited) | |
2023 | | |
2022 | |
| |
| | |
| |
Revenues: | |
| | |
| |
Licensing fee | |
| - | | |
| 1,500 | |
Other engineering services | |
| 580 | | |
| 20 | |
| |
$ | 580 | | |
$ | 1,520 | |
Costs and expenses: | |
| | | |
| | |
Cost of revenues | |
| (1,132 | ) | |
| (883 | ) |
Research, development and engineering expenses, net | |
| (1,664 | ) | |
| (2,467 | ) |
Marketing and project promotion expenses | |
| (683 | ) | |
| (612 | ) |
General and administrative expenses | |
| (2,398 | ) | |
| (2,328 | ) |
Share in loss of joint venture | |
| - | | |
| (29 | ) |
Other income, net | |
| 2 | | |
| 38 | |
Operating loss | |
| (5,295 | ) | |
| (4,761 | ) |
Financial income | |
| 270 | | |
| 964 | |
Financial expenses | |
| (119 | ) | |
| (154 | ) |
Financial income, net | |
| 151 | | |
| 810 | |
Loss for the period | |
$ | (5,144 | ) | |
| (3,951 | ) |
Loss per ordinary share (in Dollars): | |
| | | |
| | |
Basic and fully diluted loss | |
$ | (0.29 | ) | |
$ | (0.28 | ) |
Weighted average number of shares outstanding used in the computation of basic and diluted loss per share | |
| 17,498,762 | | |
| 14,018,290 | |
Comparison of the Six Months Ended June 30,
2023 to the Six Months Ended June 30, 2022
Revenues
Our revenues for the six months
ended June 30, 2023 were $580 thousand compared to $1,520 thousand for the six months ended June 30, 2022. Revenues for the six months
ended June 30, 2023 were derived from engineering services, which are mostly in respect of the engineering milestones of the project in
Romania (see Note 7 to the financial statements included in the Company’s 2022 Annual Report), which was subsequently terminated
on June 26, 2023. See “—Operational Update—Philips Morris Romania.”
Cost of Revenues
The following table presents
the breakdown of cost of revenues for the six months ended June 30, 2023 and 2022:
| |
Six Months Ended June 30, | |
| |
2023 | | |
2022 | |
US dollars in thousands (unaudited) | |
| | |
| |
Salary and related expenses | |
$ | 392 | | |
$ | - | |
Consultants and subcontractors | |
| 112 | | |
| 5 | |
Operating costs not attributed to projects (mainly salary and related expenses) | |
| 628 | | |
| 878 | |
Total | |
$ | 1,132 | | |
$ | 883 | |
Our cost of revenues for the
six months ended June 30, 2023 increased by 28% to $1,132 thousand compared to $883 thousand for the six months ended June 30, 2022. This
increase was primarily due to an increase of $392 thousand in salary and related expenses, an increase of $107 thousand in payments to
consultants and subcontractors which was offset against a decrease of $250 thousand in operating costs not attributed to projects.
Research, Development and Engineering Expenses,
Net
The following table presents
the breakdown of research, development, and engineering expenses, net, for the six months ended June 30, 2023 and 2022:
| |
Six Months Ended June 30, | |
| |
2023 | | |
2022 | |
US dollars in thousands (unaudited) | |
| | |
| |
Total research, development and engineering expenses | |
$ | 1,758 | | |
$ | 2,730 | |
Less – grants | |
| (94 | ) | |
| (263 | ) |
Total | |
$ | 1,664 | | |
$ | 2,467 | |
Research, development, and
engineering expenses, net, for the six months ended June 30, 2023 decreased by 33% to $1,664 thousand compared to $2,467 thousand for
the six months ended June 30, 2022. This decrease was primarily due to a decrease of $193 thousand in payroll and related expenses, a
decrease of $334 thousand in raw materials used in our research and development projects, a decrease of $146 thousand in payments to consultants
and subcontractors and a decrease of $299 thousand in depreciation and other in the six month ended June 30, 2023, compared to the six
month ended June 30, 2022. This decrease of research, development, and engineering expenses was offset by a net decrease of $169 thousand
in government grants received in the six month ended June 30, 2023, compared to the six month ended June 30, 2022.
We expect that our research,
development, and engineering expenses will not change significantly as we continue to develop our storage units and bGen™ technology.
Marketing and Project Promotion Expenses,
Net
Marketing and project promotion
expenses, net for the six months ended June 30, 2023 increased by 12% to $683 thousand, compared to $612 thousand for the six months ended
June 30, 2022. The increase was primarily attributable to an increase of $40 thousand in payments to consultants and subcontractors.
We expect that our marketing
and project promotion expenses will increase as we continue to enhance our market penetration efforts mainly by partnering with local
agents in our target markets and recruit additional sales and marketing employees.
General and Administrative Expenses
General and administrative
expenses increased by 3% to $2,398 thousand for the six months ended June 30, 2023, compared to $2,328 thousand for the six months ended
June 30, 2022. This increase was primarily attributable to an increase of $227 thousand in payroll and related costs. This increase was
offset by a decrease of $115 thousand in payments to consultants and insurance expenses.
Other Income, net
Other net income for the six
months ended June 30, 2023 was $2 thousand, compared to other income of $38 thousand for six months ended June 30, 2022. Other net expenses
in the six months ended June 30, 2022 were primarily attributable to a derecognition of lease liability and right of use asset for the
land at our Rotem project.
Operating Loss
Based on the foregoing, our
operating loss increased from $4,761 thousand for the six months ended June 30, 2022 to $5,295 thousand for six months ended June 30,
2023.
Financial Income, Net
Financial income, net, for
the six months ended June 30, 2023 was $151 thousand, compared to financial income, net of $810 thousand for the six months ended June
30, 2022. Our financial income in the six months ended June 30, 2023, was primarily attributable to $124 thousand adjustment of royalties’
obligation and to $90 thousand from interest income. Financial income, net, for the six months ended June 30, 2022 was primarily attributable
to exchange rate differences of the US dollar and Israeli Shekel of $780 thousand and a net gain of $178 thousand from fair value adjustment
of share option liability.
Net Loss
Net loss for the six months
ended June 30, 2023 increased by 29% to $5,144 thousand, compared to $3,951 thousand for the six months ended June 30, 2022. This increase
was primarily attributable to an increase in the operating loss as described above, and a decrease in financial income, net.
Liquidity and Capital Resources
Overview
Since our inception through
the date of this report, we have funded our operations principally from receipt $106.8 million in proceeds from the issuance of our ordinary
shares, options, convertible securities, loans and governmental grants. As of June 30, 2023, we had $6,740 thousand in cash and cash equivalents.
The table below presents our
cash flows for the periods indicated.
| |
Six Months Ended June 30, | |
US dollars in thousands (unaudited) | |
2023 | | |
2022 | |
| |
| | |
| |
Net cash used for operating activities | |
$ | (3,016 | ) | |
$ | (4,982 | ) |
Net cash used for investing activities | |
| (2,010 | ) | |
| (212 | ) |
Net cash provided by financing activities | |
| 5,708 | | |
| 6,889 | |
Net increase in cash and cash equivalents | |
$ | 682 | | |
$ | 1,695 | |
Operating Activities
Since our incorporation, we
have had ongoing losses and incurred negative cash flows from operating activities. In the six months ended June 30, 2023, we mainly financed
our activities through the issuance of our ordinary shares and warrants, revenues from the sale of products, and revenues from licensing
fees, and engineering services and governmental grants. Management plans continuing commercialization of our products and services, raising
capital through private placements, public offerings, through government grants under approved research and development plans, and receiving
the second tranche of the loan from our EIB credit facility. In addition, management is planning to find additional cash sources through
additional equity and/or debt financing. There are no assurances however, that we will be successful in obtaining the level of financing
needed for our operations or that such financing will be available on terms acceptable to us. If we are unsuccessful in commercializing
our products and raising capital, we may need to reduce, delay, or adjust its operating expenses, including commercialization of existing
products or be unable to expand its operations, as desired.
Cash flows from operating
activities consist primarily of loss adjusted for various non-cash items, including depreciation and amortization, share-based compensation
expenses, financial income or expenses, and gain or loss from fair value adjustment of share option liability. In addition, cash flows
from operating activities are impacted by changes in operating assets and liabilities, which include inventories, accounts receivable,
and other assets and accounts payable.
Net cash used for operating
activities for the six months ended June 30, 2023 was $3,016 thousand. The net cash used in operating activities primarily reflects a
net loss of $5,144 thousand, net of non-cash expenses of $1,865 thousand, an increase of $353 thousand in trade and other receivables,
a decrease of $301 thousand in inventory, as well as an increase of $315 thousand in trade and other payables. Net non-cash expenses of
$1,865 thousand consisted primarily of a share-based payment of $1,409 thousand, a depreciation and amortization of $340 thousand, and
net financial expenses of $254 thousand, offset by royalty obligation initial recognition and adjustment of $130 thousand.
Net cash used for operating
activities for the six months ended June 30, 2022 was $4,982 thousand. The net cash used for operating activities primarily reflects a
net loss of $3,951 thousand, net of non-cash expenses of $1,049 thousand, and an increase of $709 thousand in trade and other receivables,
and $243 thousand in inventory, as well as a decrease of $1,128 thousand in trade and other payables. Net non-cash expenses of $1,049
thousand consisted primarily of a share-based payment of $728 thousand, a depreciation and amortization of $394 thousand, royalty obligation
initial recognition and adjustment of $86 thousand and net financial expenses of $46 thousand, offset by a net gain of $178 thousand from
fair value adjustment of share option liability and other income of $80 thousand.
Investing Activities
Net cash used for investing
activities for the six months ended June 30, 2023 was $2,010 thousand. This net cash used for investing activities is attributable to
capital expenditure of $2,097 thousand mainly for the production facility in Dimona, offset by net restricted deposits and interest received
in the total amount of $87 thousand.
Net cash used for investing
activities for the six months ended June 30, 2022 was $212 thousand. This net cash used in investing activities is attributable to capital
expenditure of $138 thousand mainly for the production facility in Dimona and an investment in joint venture of $74 thousand.
Financing Activities
Net cash provided by financing
activities for the six months ended June 30, 2023 was $5,708 thousand. This net cash is attributable to the net proceeds from issuance
of ordinary shares and warrants of $6,038 thousand, and amounts recognized as liability for royalties of $6 thousand, partially offset
by repayment with respect to lease liabilities and interest thereon in the amount of $319 thousand and a repayment of royalties’ liability
of $17 thousand.
Net cash provided by financing activities for the
six month period ended June 30, 2022 was $6,889 thousand. This net cash is attributable to the net proceeds from issuance of ordinary
shares and warrants in connection with the second tranche of the private placement investment of $7,174 thousand, and amounts recognized
as liability for royalties of $28 thousand, offset by repayment with respect to lease liabilities and interest thereon in the amount of
$284 thousand and a repayment of loans and other liabilities of $29 thousand.
Current Outlook
We have financed our operations
to date primarily through proceeds from the issuance of our ordinary shares and warrants, revenues from the sale of products, and revenues
from licensing fees, and engineering services, a loan from EIB and governmental grants. We have incurred losses and generated negative
cash flows from operations since inception in 2012.
We expect to generate revenues
from the sale of our products and other revenues in the future. However, we do not expect these revenues to support all of our operations
in the near future. We expect our expenses to increase in connection with our activities, particularly as we continue the development
of our products, and continue our commercialization efforts. Accordingly, we expect that we will require substantial additional funding
in connection with the growth of our operations, continuing our research and development activity, commercializing our products and to
proceed with pilot projects that partly will have to be financed by us in order to penetrate relevant markets.
During the six months ended
June 30, 2023, our cash and cash equivalents were $6,740 thousand. On February 16, 2023, we completed a private placement by certain investors,
part of whom are existing shareholders of the Company, and Mr. Avraham Brenmiller the Chief Executive Officer, Chairman of the Board of
Directors, and controlling shareholder of the Company, in an aggregate amount of NIS 12.463 million (USD 3.59 million). Under the investor
agreements we issued 2,338,264 units, each consisting of one Ordinary Share of NIS 0.02 and one non-registrable and non-tradeable warrant
at a price of NIS 5.33 (USD 1.55) per each issued unit. Each warrant is exercisable into one Ordinary Share, at an exercise price of NIS
6.13 (USD 1.78) per warrant share, for a term of five (5) years from the issuance date of the warrants.
On June 9, 2023, we entered
into a Sales Agreement with the the Sales Agent pursuant to which we may offer and sell, from time to time, to or through the Sales Agent
as agent or principal Ordinary Shares in an “at-the-market” offering, as defined in Rule 415(a)(4) promulgated under the Securities
Act, for an aggregate offering price of up to $9.35 million. We will pay the Sales Agent a commission equal to 3.0% of the gross sales
price per share sold pursuant to the terms of the Sales Agreement. We are not obligated to sell any Ordinary Shares under the Sales Agreement
and no assurance can be given that we will sell any Ordinary Shares under such agreement, or, if we do, as to the price or number of such
shares that we will sell or the dates on which any such sales will take place. During the six months ended June 30, 2023, no proceeds
were raised, and no fees were paid to the Sales Agent pursuant to the Sales Agreement.
On June 12, 2023, we entered
into a definitive securities purchase agreement with Snowdrop Holding SA for the issuance and sale in a private placement offering of
2,487,778 units, each unit consisting of one Ordinary Share and one non-tradeable warrant to purchase one Ordinary Share at a price per
unit of $1.00, for aggregate gross proceeds of approximately $2.5 million (NIS 8.97 million). The warrants have an exercise price of NIS
4.4 (approximately $1.20) per warrant and may be exercised beginning on June 12, 2024 until June 12, 2029. The offering closed on June
15, 2023.
Until we can generate significant
recurring revenues and profit, we expect to satisfy our future cash needs through debt and/or equity financings, through government grants
and receiving the second tranche of the loan from our EIB facility. However, there is no assurance that we will be successful accomplishing
these plans. If we are unable to obtain sufficient capital, we may need to reduce, delay, or adjust our operating expenses, including
commercialization of existing products, or we will be unable to expand our operations as desired.
We expect to continue incurring
losses and negative cash flows from operations until our products reach profitability. As a result of these expected losses and negative
cash flows from operations, along with our current cash position, our management and auditors have concluded that a material uncertainty
exists that may cast significant doubt (or raise substantial doubt as contemplated by PCAOB standards) about our ability to continue as
a going concern.
Critical Accounting Estimates
The preparation of financial
statements requires us to make estimates and assumptions that affect the reported amounts of assets, obligations, income and expenses
during the reporting periods. A comprehensive discussion of our critical accounting estimates is included under Note 3 to the financial
statements included in the Company’s 2022 Annual Report.
8
v3.23.2
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Condensed Consolidated Statements of Financial Postion (Unaudited) - USD ($) $ in Thousands |
Jun. 30, 2023 |
Dec. 31, 2022 |
CURRENT ASSETS: |
|
|
Cash and cash equivalents |
$ 6,360
|
$ 6,135
|
Restricted deposits |
34
|
34
|
Trade receivables |
1,004
|
657
|
Other receivables |
518
|
584
|
Inventory |
596
|
935
|
Assets held for sale (Rotem1) |
228
|
240
|
TOTAL CURRENT ASSETS |
8,740
|
8,585
|
NON-CURRENT ASSETS: |
|
|
Cash and cash equivalent – long term |
380
|
373
|
Restricted deposits |
82
|
85
|
Right-of-use assets, net |
1,262
|
1,462
|
Property, plant and equipment: |
|
|
Plant and equipment, net |
3,830
|
1,193
|
Advances to equipment supplier |
|
685
|
Total property, plant and equipment |
3,830
|
1,878
|
TOTAL NON-CURRENT ASSETS |
5,554
|
3,798
|
TOTAL ASSETS |
14,294
|
12,383
|
CURRENT LIABILITIES: |
|
|
Trade payables |
556
|
246
|
Deferred revenues |
379
|
418
|
Other payables |
918
|
1,114
|
Provisions |
|
8
|
Current maturities of liabilities for royalties |
356
|
260
|
Current maturities of lease liabilities |
622
|
606
|
TOTAL CURRENT LIABILITIES |
2,831
|
2,652
|
NON-CURRENT LIABILITIES |
|
|
European Investment Bank (“EIB”) loan |
4,068
|
3,965
|
Lease liabilities |
738
|
959
|
Liability for royalties |
1,792
|
2,143
|
TOTAL NON-CURRENT LIABILITIES |
6,598
|
7,067
|
TOTAL LIABILITIES |
9,429
|
9,719
|
EQUITY : |
|
|
Share capital |
119
|
88
|
Share premium |
57,189
|
52,502
|
Receipts on account of warrants |
3,807
|
1,487
|
Capital reserve from transactions with controlling shareholders |
54,061
|
54,061
|
Capital reserve on share based payments |
3,498
|
2,861
|
Foreign currency cumulative translation reserve |
(1,912)
|
(1,582)
|
Accumulated deficit |
(111,897)
|
(106,753)
|
TOTAL EQUITY |
4,865
|
2,664
|
TOTAL LIABILITIES AND EQUITY |
$ 14,294
|
$ 12,383
|
X |
- DefinitionThe amount of a non-monetary asset held for sale.
+ References
+ Details
Name: |
bnrg_AssetsHeldForSaleRotem1 |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of capital reserve from transactions with controlling shareholders.
+ References
+ Details
Name: |
bnrg_CapitalReserveFromTransactionsWithControllingShareholders |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of non-current Cash and cash equivalents due to a bank commitment.
+ References
+ Details
Name: |
bnrg_CashAndCashEquivalentsLongTerm |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of current maturities of liabilities for royalties.
+ References
+ Details
Name: |
bnrg_CurrentMaturitiesOfLiabilitiesForRoyalties |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of deferred revenue.
+ References
+ Details
Name: |
bnrg_DeferredRevenueCurrentLiabilities |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of european investment bank EIB loan.
+ References
+ Details
Name: |
bnrg_EuropeanInvestmentBankEIBLoan |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of receipts on account of warrants and capital components of convertible loans.
+ References
+ Details
Name: |
bnrg_ReceiptsOnAccountOfWarrantsAndCapitalComponentsOfConvertibleLoans |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
bnrg_Rotem1Project |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_a&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_c&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_b&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_e&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_Assets |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_45&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CashEquivalents |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B12 -Subparagraph b -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B12_b_i&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 66 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_66&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CurrentAssets |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
ifrs-full_CurrentAssetsAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of current lease liabilities. [Refer: Lease liabilities]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2022-03-24 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2022-en-r&anchor=para_47_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CurrentLeaseLiabilities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionExpiry date 2023-01-01: The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.
Effective 2023-01-01: The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have the right at the end of the reporting period to defer settlement for at least twelve months after the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B12 -Subparagraph b -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B12_b_iii&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 69 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_69&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CurrentLiabilities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
ifrs-full_CurrentLiabilitiesAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of current provisions, including provisions for employee benefits. [Refer: Provisions]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph l -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_l&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CurrentProvisions |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CurrentRestrictedCashAndCashEquivalents |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of residual interest in the assets of the entity after deducting all its liabilities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 24 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_24_a&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 32 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_32_a_i&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_a&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_b&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_e&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_Equity |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
ifrs-full_EquityAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_EquityAndLiabilities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of current inventories. [Refer: Inventories]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 2 -IssueDate 2022-03-24 -Paragraph 36 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=2&code=ifrs-tx-2022-en-r&anchor=para_36_b&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_g&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 68 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_68&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_Inventories |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe nominal value of capital issued.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_IssuedCapital |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of a present obligation of the entity to transfer an economic resource as a result of past events. Economic resource is a right that has the potential to produce economic benefits.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_a&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_b&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_e&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_d&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_Liabilities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of assets that do not meet the definition of current assets. [Refer: Current assets]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B12 -Subparagraph b -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B12_b_ii&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 66 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_66&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_NoncurrentAssets |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of non-current lease liabilities. [Refer: Lease liabilities]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2022-03-24 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2022-en-r&anchor=para_47_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_NoncurrentLeaseLiabilities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B12 -Subparagraph b -Clause iv -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B12_b_iv&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 69 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_69&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_NoncurrentLiabilities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
ifrs-full_NoncurrentLiabilitiesAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of non-current restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_NoncurrentRestrictedCashAndCashEquivalents |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of current payables that the entity does not separately disclose in the same statement or note.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_OtherCurrentPayables |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of current other receivables. [Refer: Other receivables]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_OtherCurrentReceivables |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of non-current provisions other than provisions for employee benefits. [Refer: Non-current provisions]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_d&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_OtherLongtermProvisions |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of property, plant and equipment that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 37 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_37&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_OtherPropertyPlantAndEquipment |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Paragraph 73 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&anchor=para_73_e&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_a&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_PropertyPlantAndEquipment |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
ifrs-full_PropertyPlantAndEquipmentAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA component of equity representing the accumulated change in the value of foreign currency basis spreads of financial instruments when excluding them from the designation of these financial instruments as hedging instruments.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_e&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 9 -IssueDate 2022-03-24 -Paragraph 6.5.16 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=9&code=ifrs-tx-2022-en-r&anchor=para_6.5.16&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionA component of equity resulting from share-based payments.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ReserveOfSharebasedPayments |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionA component of equity representing the entity's cumulative undistributed earnings or deficit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph IG6 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_IG6&doctype=Implementation%20Guidance -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_RetainedEarnings |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2022-03-24 -Paragraph 53 -Subparagraph j -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2022-en-r&anchor=para_53_j&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_RightofuseAssets |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount received or receivable from the issuance of the entity's shares in excess of nominal value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_SharePremium |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of payment due to suppliers for goods and services used in the entity's business.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_TradeAndOtherPayablesToTradeSuppliers |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount due from customers for goods and services sold.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_TradeReceivables |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsNoncurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
REVENUES: |
|
|
REVENUES |
$ 580
|
$ 1,520
|
COSTS AND EXPENSES: |
|
|
COST OF REVENUES |
(1,132)
|
(883)
|
RESEARCH, DEVELOPMENT AND ENGINEERING EXPENSES, NET |
(1,664)
|
(2,467)
|
MARKETING AND PROJECT PROMOTION EXPENSES |
(683)
|
(612)
|
GENERAL AND ADMINISTRATIVE EXPENSES |
(2,398)
|
(2,328)
|
SHARE IN LOSS OF JOINT VENTURE |
|
(29)
|
OTHER INCOME, NET |
2
|
38
|
OPERATING LOSS |
(5,295)
|
(4,761)
|
FINANCIAL INCOME |
270
|
964
|
FINANCIAL EXPENSES |
(119)
|
(154)
|
FINANCIAL INCOME, NET |
151
|
810
|
LOSS FOR THE PERIOD |
(5,144)
|
(3,951)
|
OTHER COMPREHENSIVE LOSS – ITEM THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS – EXCHANGE DIFFERENCES ON TRANSLATION TO PRESENTATION CURRNECY |
(330)
|
(622)
|
COMPREHENSIVE LOSS FOR THE PERIOD |
$ (5,474)
|
$ (4,573)
|
LOSS PER ORDINARY SHARE (in Dollars) - |
|
|
Basic fully loss per ordinary share (in Dollars per share) |
$ (0.29)
|
$ (0.28)
|
Weighted average number of shares outstanding used in the computation of basic loss per share (in Shares) |
17,498,762
|
14,018,290
|
Licensing Fee |
|
|
REVENUES: |
|
|
REVENUES |
|
$ 1,500
|
Other Engineering Services |
|
|
REVENUES: |
|
|
REVENUES |
$ 580
|
$ 20
|
X |
- References
+ Details
Name: |
bnrg_LossPerOrdinaryShareInDollarsAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_SHAREINLOSSOFJOINTVENTURE |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2022-03-24 -Paragraph 66 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2022-en-r&anchor=para_66&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2022-03-24 -Paragraph 67 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2022-en-r&anchor=para_67&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_BasicEarningsLossPerShare |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 32 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_32_a_ii&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 24 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_24_b&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B12 -Subparagraph b -Clause ix -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B12_b_ix&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 81A -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_81A_c&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 106 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_106_a&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ComprehensiveIncome |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of all expenses directly or indirectly attributed to the goods or services sold. Attributed expenses include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, such as depreciation and maintenance of factory buildings and equipment used in the production process, unallocated production overheads, and abnormal amounts of production costs of inventories.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 99 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_99&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 103 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_103&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CostOfSales |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cumulative gain (loss) previously recognised in other comprehensive income arising from the reclassification of financial assets out of the fair value through other comprehensive income into the fair value through profit or loss measurement category. [Refer: Financial assets measured at fair value through other comprehensive income; Financial assets at fair value through profit or loss; Other comprehensive income]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 82 -Subparagraph cb -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_82_cb&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CumulativeGainLossPreviouslyRecognisedInOtherComprehensiveIncomeArisingFromReclassificationOfFinancialAssetsOutOfFairValueThroughOtherComprehensiveIncomeIntoFairValueThroughProfitOrLossMeasurementCategory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of costs associated with financing activities of the entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 82 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_82_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_FinanceCosts |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of income associated with interest and other financing activities of the entity.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_85&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_FinanceIncome |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of income or cost associated with interest and other financing activities of the entity.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_85&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_FinanceIncomeCost |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense relating to general and administrative activities of the entity.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_112_c&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_GeneralAndAdministrativeExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of finance income or cost that the entity does not separately disclose in the same statement or note. [Refer: Finance income (cost)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_85&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_OtherFinanceIncomeCost |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of operating income (expense) that the entity does not separately disclose in the same statement or note.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_85&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_OtherOperatingIncomeExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 18 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_18_b&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 32 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_32_a_ii&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 24 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_24_b&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_b&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Note Effective on first application of IFRS 9 -Name IFRS -Number 4 -IssueDate 2022-03-24 -Paragraph 39L -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2022-en-b&anchor=para_39L_e&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23&doctype=Standard -URIDate 2022-03-24
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Note Effective 2023-01-01 -Name IFRS -Number 17 -IssueDate 2022-03-24 -Paragraph 113 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2022-en-r&anchor=para_113_b&doctype=Standard -URIDate 2022-03-24
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 81A -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_81A_a&doctype=Standard -URIDate 2022-03-24
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 106 -Subparagraph d -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_106_d_i&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ProfitLoss |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expenditure directly attributable to research or development activities, recognised in profit or loss.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2022-03-24 -Paragraph 126 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2022-en-r&anchor=para_126&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ResearchAndDevelopmentExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_a&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23_a&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 32 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_32&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 33 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_33_a&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 34 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_34&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 5 -IssueDate 2022-03-24 -Paragraph 33 -Subparagraph b -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=5&code=ifrs-tx-2022-en-r&anchor=para_33_b_i&doctype=Standard -URIDate 2022-03-24
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B12 -Subparagraph b -Clause v -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B12_b_v&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 82 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_82_a&doctype=Standard -URIDate 2022-03-24
Reference 10: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 103 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_103&doctype=Standard -URIDate 2022-03-24
Reference 11: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 102 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_102&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_Revenue |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense relating to the marketing and selling of goods or services.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_85&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_SalesAndMarketingExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2022-03-24 -Paragraph 70 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2022-en-r&anchor=para_70_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_WeightedAverageShares |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CostsAndExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RevenuesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=bnrg_LicensingFeesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=bnrg_EngineeringServicesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
X |
- DefinitionThe weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2022-03-24 -Paragraph 70 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2022-en-r&anchor=para_70_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustedWeightedAverageShares |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2022-03-24 -Paragraph 66 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2022-en-r&anchor=para_66&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2022-03-24 -Paragraph 67 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2022-en-r&anchor=para_67&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DilutedEarningsLossPerShare |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
ifrs-full_IncomeStatementAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands |
Share capital |
Share premium |
Receipts for warrants |
Capital reserve from transactions with controlling shareholder |
Capital reserve on share-based payments |
Foreign currency cumulative translation reserve |
Accumulated deficit |
Total |
Balance at Dec. 31, 2021 |
$ 79
|
$ 45,648
|
$ 1,176
|
$ 54,061
|
$ 1,318
|
$ (1,053)
|
$ (95,686)
|
$ 5,543
|
CHANGES DURING THE PERIOD: |
|
|
|
|
|
|
|
|
Loss for the period |
|
|
|
|
|
|
(3,951)
|
(3,951)
|
Currency translation differences |
|
|
|
|
|
(622)
|
|
(622)
|
Comprehensive loss for the period |
|
|
|
|
|
(622)
|
(3,951)
|
(4,573)
|
Issuance of share and warrants, net |
9
|
6,509
|
656
|
|
|
|
|
7,174
|
Share-based payments |
|
|
|
|
728
|
|
|
728
|
Balance at Jun. 30, 2022 |
88
|
52,157
|
1,832
|
54,061
|
2,046
|
(1,675)
|
(99,637)
|
8,872
|
Balance at Dec. 31, 2022 |
88
|
52,502
|
1,487
|
54,061
|
2,861
|
(1,582)
|
(106,753)
|
2,664
|
CHANGES DURING THE PERIOD: |
|
|
|
|
|
|
|
|
Loss for the period |
|
|
|
|
|
|
(5,144)
|
(5,144)
|
Currency translation differences |
|
|
|
|
|
(330)
|
|
(330)
|
Comprehensive loss for the period |
|
|
|
|
|
(330)
|
(5,144)
|
(5,474)
|
Issuance of share and warrants, net |
28
|
3,918
|
2,320
|
|
|
|
|
6,266
|
Share-based payments |
3
|
769
|
|
|
637
|
|
|
1,409
|
Balance at Jun. 30, 2023 |
$ 119
|
$ 57,189
|
$ 3,807
|
$ 54,061
|
$ 3,498
|
$ (1,912)
|
$ (111,897)
|
$ 4,865
|
X |
- References
+ Details
Name: |
bnrg_ChangesDuring2020Abstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCurrency translation differences.
+ References
+ Details
Name: |
bnrg_CurrencyTranslationDifferences |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionValue of shares and warrants issued.
+ References
+ Details
Name: |
bnrg_IssuanceOfSharesAndWarrants |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 32 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_32_a_ii&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 24 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_24_b&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B12 -Subparagraph b -Clause ix -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B12_b_ix&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 81A -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_81A_c&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 106 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_106_a&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ComprehensiveIncome |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of residual interest in the assets of the entity after deducting all its liabilities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 24 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_24_a&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 32 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_32_a_i&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_a&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_b&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_e&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_78_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_Equity |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 106 -Subparagraph d -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_106_d_iii&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 18 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_18_b&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 32 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_32_a_ii&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 24 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_24_b&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_b&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Note Effective on first application of IFRS 9 -Name IFRS -Number 4 -IssueDate 2022-03-24 -Paragraph 39L -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2022-en-b&anchor=para_39L_e&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23&doctype=Standard -URIDate 2022-03-24
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Note Effective 2023-01-01 -Name IFRS -Number 17 -IssueDate 2022-03-24 -Paragraph 113 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2022-en-r&anchor=para_113_b&doctype=Standard -URIDate 2022-03-24
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 81A -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_81A_a&doctype=Standard -URIDate 2022-03-24
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 106 -Subparagraph d -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_106_d_i&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ProfitLoss |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
CASH FLOWS - OPERATING ACTIVITIES: |
|
|
Net cash used for operating activities (see Appendix A) |
$ (3,016)
|
$ (4,982)
|
CASH FLOWS - INVESTING ACTIVITIES: |
|
|
Purchase of equipment |
(7)
|
(30)
|
Installation of production line |
(2,090)
|
(108)
|
Investment in Joint venture |
|
(74)
|
Restricted deposits and interest received, net |
87
|
|
Net cash used for investing activities |
(2,010)
|
(212)
|
CASH FLOWS - FINANCING ACTIVITIES: |
|
|
Proceeds from issuance of shares and warrants, net |
6,038
|
7,174
|
Repayment of bank loan and interest thereon |
|
(5)
|
Payments with respect to lease liabilities and interest thereon |
(319)
|
(284)
|
Repayment of royalties’ liability |
(17)
|
(24)
|
Amounts recognized as liability for royalties |
6
|
28
|
Net cash provided by financing activities |
5,708
|
6,889
|
NET INCREASE IN CASH AND CASH EQUIVALENTS |
682
|
1,695
|
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS |
(450)
|
(831)
|
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
6,508
|
8,280
|
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD |
6,740
|
9,144
|
A. NET CASH USED FOR OPERATING ACTIVITIES |
|
|
Loss for the period |
(5,144)
|
(3,951)
|
Adjustments for: |
|
|
Depreciation |
65
|
121
|
Amortization of right-of-use assets |
275
|
273
|
Royalty obligation initial recognition and adjustment |
(130)
|
86
|
Provision |
(8)
|
24
|
Share in loss of joint venture |
|
29
|
Other income |
|
(80)
|
Fair value adjustment of share options’ liability |
|
(178)
|
Other financial expenses, net |
254
|
46
|
Share-based payment |
1,409
|
728
|
Total adjustments |
(3,279)
|
(2,902)
|
Changes in operating working capital: |
|
|
Increase in trade and other receivables |
(353)
|
(709)
|
Decrease (increase) in inventory |
301
|
(243)
|
Increase (decrease) in deferred revenues and trade and other payables |
315
|
(1,128)
|
Net cash used for operating activities |
(3,016)
|
(4,982)
|
B. NON-CASH INVESTMENT AND FINANCING ACTIVITIES: |
|
|
Recognition of Lease liability and right-of-use asset |
143
|
449
|
Derecognition of lease liability |
|
1,512
|
Derecognition of right of use asset |
|
1,432
|
Borrowing costs capitalized |
72
|
|
Issuance of shares and warrants in exchange of accrued and unpaid CEO salary |
225
|
|
C. INTEREST PAYMENTS (included in financing activities items) |
45
|
33
|
D. INTEREST INCOME (included in investing activities items) |
$ 90
|
|
X |
- References
+ Details
Name: |
bnrg_ANetCashUsedForOperatingActivitiesAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_AdjustmentsAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of royalty obligation initial recognition and adjustment.
+ References
+ Details
Name: |
bnrg_AdjustmentsFoIncreasedecreaseInResearchAndDevelopmentExpensesDueToRoyaltyObligation |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of amortization of right-of-use assets.
+ References
+ Details
Name: |
bnrg_AmortizationOfRightofuseAssets |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_BNonCashInvestmentAndFinancingActivitiesAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_ChangesInOperatingWorkingCapitalAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of derecognition of lease liability.
+ References
+ Details
Name: |
bnrg_DerecognitionOfLeaseLiability |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount ofderecognition of right of use asset.
+ References
+ Details
Name: |
bnrg_DerecognitionOfRightOfUseAsset |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of grants recognized as liability for royalties.
+ References
+ Details
Name: |
bnrg_GrantsRecognizedAsLiabilityForRoyalties |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionInstallation of a production line, less participation by the Israeli Innovation Authority.
+ References
+ Details
Name: |
bnrg_InstallationOfAProductionLineLessParticipationByTheIsraeliInnovationAuthority |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of interest payments paid during the year.
+ References
+ Details
Name: |
bnrg_InterestPayments |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of income arising from interest.
+ References
+ Details
Name: |
bnrg_Interestincome |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of investment in joint venture.
+ References
+ Details
Name: |
bnrg_InvestmentInJointVenture |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for finance expenses to reconcile profit (loss) to net cash flow from (used in) operating activities.
+ References
+ Details
Name: |
bnrg_OtherFinancialExpenses |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionRecognition of share options issued in loan settlement arrangement.
+ References
+ Details
Name: |
bnrg_RecognitionOfShareOptionsIssuedInLoanSettlementArrangementNote13B |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of repayment of royalities liability.
+ References
+ Details
Name: |
bnrg_RepaymentsOfRoyaltiesLiability |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for decrease (increase) in inventories to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Inventories; Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20_a&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForDecreaseIncreaseInInventories |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for decrease (increase) in trade and other receivables to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Trade and other receivables; Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for depreciation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForDepreciationExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for fair value losses (gains) to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForFairValueGainsLosses |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for finance income to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance income; Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForFinanceIncome |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for increase (decrease) in other liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Other liabilities; Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for provisions to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Provisions; Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForProvisions |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAdjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_AdjustmentsForSharebasedPayments |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of interest and other costs that an entity incurs in connection with the borrowing of funds that are directly attributable to the acquisition, construction or production of a qualifying asset and which form part of the cost of that asset.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 23 -IssueDate 2022-03-24 -Paragraph 26 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=23&code=ifrs-tx-2022-en-r&anchor=para_26_a&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_BorrowingCostsCapitalised |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_45&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B13 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B13_a&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_i&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CashAndCashEquivalents |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe cash inflow (outflow) due to a decrease (increase) in restricted cash and cash equivalents. [Refer: Restricted cash and cash equivalents]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 16 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_16&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 10 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_10&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 50 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_50_d&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInFinancingActivities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 10 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_10&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 50 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_50_d&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInInvestingActivities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 10 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_10&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 50 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_50_d&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInOperatingActivities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe cash from (used in) the entity's operations.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Section A Statement of cash flows for an entity other than a financial institution -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&doctype=Illustrative%20Examples&dita_xref=IAS07_IE_A__IAS07_IE_A_TI -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 20 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_20&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_CashFlowsFromUsedInOperations |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 25 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_25&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 28 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_28&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_45&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for changes in ownership interests in subsidiaries that do not result in a loss of control. [Refer: Subsidiaries [member]]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 42A -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_42A&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 42B -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_42B&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 17 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_17_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from issuing shares.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 17 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_17_a&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ProceedsFromIssuingShares |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 18 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_18_b&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 32 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_32_a_ii&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2022-03-24 -Paragraph 24 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2022-en-r&anchor=para_24_b&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_b&doctype=Standard -URIDate 2022-03-24
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Note Effective on first application of IFRS 9 -Name IFRS -Number 4 -IssueDate 2022-03-24 -Paragraph 39L -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2022-en-b&anchor=para_39L_e&doctype=Standard -URIDate 2022-03-24
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23&doctype=Standard -URIDate 2022-03-24
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B10 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2022-03-24
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Note Effective 2023-01-01 -Name IFRS -Number 17 -IssueDate 2022-03-24 -Paragraph 113 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2022-en-r&anchor=para_113_b&doctype=Standard -URIDate 2022-03-24
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 81A -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_81A_a&doctype=Standard -URIDate 2022-03-24
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 106 -Subparagraph d -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_106_d_i&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ProfitLoss |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 16 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_16_a&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_e&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23_g&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective on first application of IFRS 9 -Name IFRS -Number 4 -IssueDate 2022-03-24 -Paragraph 39M -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2022-en-b&anchor=para_39M_b&doctype=Standard -URIDate 2022-03-24
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 82 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_82_c&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.23.2
General
|
6 Months Ended |
Jun. 30, 2023 |
General [Abstract] |
|
GENERAL |
NOTE 1 - GENERAL
| A. | General description of the Company and its operations |
Brenmiller Energy Ltd. (hereinafter
– “The Company”’ or “the Parent Company”) was incorporated and commenced its business operations in Israel in
2012. The Company’s registered offices are in Rosh Ha’Ayin in Israel. The Company is a public company whose shares are traded on the Tel-Aviv
Stock Exchange since August 2017, and, commencing May 2022, on Nasdaq (TASE and Nasdaq: BNRG).
During the reported period, the Company
announced its intension to make a voluntary deregistration of its securities from trading on the Tel-Aviv Stock Exchange, which will take
effect on September 11, 2023 (the last trading day will be Septemeber 7, 2023).
The Company is controlled by Mr. Avraham
Brenmiller (hereinafter: the “Controlling shareholder”), who serves as the Company’s CEO and as Chairman of the Board of Directors,
and his sons.
These consolidated financial statements
use the US Dollar as the presentation currency (see Note 2 to the annual financial statements).
The Company is a technology company
in the field of thermal energy storage generated from a variety of energy sources and supplies steam and/or hot air, services, products
and equipment in this field. The Company primarily focusses on the industrial heating market and the power plants market. Through June
30, 2023, the Company’s main activity was focused on the development
of its technology and its application into products and commercial solutions and continued the assembling of its new production line to
facilitate commercial operations.
The Company has not yet generated significant
revenues from its operations and has an accumulated deficit as of June 30, 2023, as well as a history of net losses and negative operating
cash flows. Through June 30, 2023, the Company commenced the commercialization of its products and services and is in the process of assembling
a new production line to facilitate this shift in operations from the development stage to commercial operations. However, the Company
expects to continue incurring losses and negative cash flows from operations until its products reach profitability. As a result of these
expected losses and negative cash flows from operations, along with the Company’s current cash position, the Company has concluded
that a material uncertainty exists that may cast significant doubt (or cast substantial doubt as contemplated by PCAOB standards) about
the Company’s ability to continue as a going concern. These financial statements have been prepared assuming that the Company will
continue as a going concern and do not include any adjustments that might result from the outcome of this uncertainty.
Management’s plans include the
continued commercialization of the Company’s products and services, raising capital through a private placements or public offerings
and through government grants under approved R&D plans and receiving the second tranche of the loan from our EIB credit facility.
In addition, management is planning to find additional cash sources through additional equity and debt financing.
There are no assurances however, that
the Company will be successful in obtaining the level of financing needed for its operations. If the Company is unsuccessful in commercializing
its products and raising capital, it may need to reduce, delay, or adjust its operating expenses, including commercialization of existing
products or be unable to expand its operations, as desired.
| C. | Approval of unaudited condensed consolidated financial
statements |
The unaudited condensed consolidated financial statements
of the Group for the period ended June 30, 2023 were approved by the Board of Directors (the “Board”) on August 9, 2023
and signed on its behalf by the Chief Executive Officer and the Chief Financial Officer.
|
X |
- References
+ Details
Name: |
bnrg_DisclosureOfGeneralInformationAboutFinancialStatementsTextBlockAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
The Basis for the Preparation of the Unaudited Condensed Consolidated Financial Statements
|
6 Months Ended |
Jun. 30, 2023 |
The Basis for the Preparation of the Unaudited Condensed Consolidated Financial Statements [Abstract] |
|
THE BASIS FOR THE PREPARATION OF THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS |
NOTE 2 - THE
BASIS FOR THE PREPARATION OF THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The Group’s condensed
consolidated financial statements as of June 30, 2023 and 2022 and for the interim six month periods then ended (hereinafter: “The
financial information for the interim period”) were prepared in accordance with International Accounting Standard 34: “Interim
Financial reporting” (hereinafter: “IAS 34”). The financial information for the interim period is presented in a condensed
form and does not include all of the information and disclosures that are required within the framework of annual financial statements.
The financial information for the interim period should be read in conjunction with the annual financial statements for the year ended
December 31, 2022 and the accompanying notes thereto, which comply with the International Financial Reporting Standards (hereinafter:
“IFRS Standards”), as issued by the International Accounting Standard Board (“IASB”).
|
X |
- References
+ Details
Name: |
bnrg_TheBasisForThePreparationOfTheUnauditedCondensedConsolidatedFinancialStatementsAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe disclosure of the basis used for the preparation of the financial statements.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Principal Accounting Policies
|
6 Months Ended |
Jun. 30, 2023 |
Principal Accounting Policies [Abstract] |
|
PRINCIPAL ACCOUNTING POLICIES |
NOTE 3 - PRINCIPAL ACCOUNTING POLICIES
The principal accounting
policies and calculation methods, which have been implemented in the preparation of the financial information for the interim period,
are consistent with those that were implemented in the preparation of the Group’s annual financial statements for the year ended December
31, 2022, except for the following IFRS guidance that is applicable to the Company, that became effective and is applied commencing January
1, 2023:
Amendment to IAS
12 – this amendment requires to recognize deferred taxes in transactions that, on initial regognitions, give rise to equal amounts
of taxable and deductible temporary differences, which , as relates to the Company, apply to temporary differences arising on the initial
recognition of right-of-use assets and the corresponding lease liabilities; the adoption of this amendment had no material effect on the
Company’s financial statements.
Amendment to IAS
8 – this amendment clarifies the definition of accounting estimated and how should companies distinguish between changes in accounting
policies and changes in accounting estimates. The adoption of this amendment had no material effect on the Company’s financial statements.
Amendment to IAS
1 – this amendment requires that the annual financial statements for 2023, will disclose the material accounting policies (that
may affect the decisions of the main users) instead of the significant accounting policies. The Company will apply the materiality threshold
in disclosing its accounting policies in its 2023 annual finnaicial statements.
|
X |
- References
+ Details
Name: |
bnrg_DisclosureOfSignificantAccountingPoliciesTextBlockAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for significant accounting policies applied by the entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2023-01-01 -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 117 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_117&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Significant Accounting Estimates and Judgments
|
6 Months Ended |
Jun. 30, 2023 |
Significant Accounting Estimates and Judgments [Abstract] |
|
SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGMENTS |
NOTE 4 - SIGNIFICANT
ACCOUNTING ESTIMATES AND JUDGMENTS
The preparation
of the interim financial statements requires the Company’s management to exercise judgment and it also requires the use of accounting
estimates and assumptions, which affect the implementation of the Group’s accounting policy and the reported amounts of the assets, liabilities
and expenses. The actual results may be different from these estimates.
When preparing
these interim condensed consolidated financial statements, the significant judgments that were applied by the management in the implementation
of the Group’s accounting policy and the uncertainty that is inherent in the key sources of the estimates were identical to those in the
Group’s annual consolidated financial statements for the year ended December 31, 2022.
|
X |
- References
+ Details
Name: |
bnrg_SignificantAccountingEstimatesAndJudgmentsAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe disclosure of judgements that management has made in the process of applying the entity's accounting policies that have the most significant effect on amounts recognised in the financial statements along with information about the assumptions that the entity makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next year. [Refer: Carrying amount [member]]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Significant Events During the Period
|
6 Months Ended |
Jun. 30, 2023 |
Significant Events During the Period [Abstract] |
|
SIGNIFICANT EVENTS DURING THE PERIOD |
NOTE 5 - SIGNIFICANT EVENTS DURING THE PERIOD:
| A. | Private placement to investors and the controlling shareholder |
Pursuant to the approval of an
extraordinary meeting of the Company’s shareholders held on January 24, 2023, of a definitive private placemet agreements signed
at the end of 2022 (see also Note 21A to the consolidated annual financial statements for 2022), in February 16, 2023, the Company completed
a private placement by certain investors, part of whom are existing shareholders of the Company (the “Investors”), and the
controlling shareholder of the Company, in an aggregate amount of NIS 12.463 million (USD 3.59 million). Under the investor agreements
the Company issued 2,338,264 units, each consisting of one Ordinary Share of NIS 0.02 and one non-registrable and non-tradeable warrant
at a price of NIS 5.33 (USD 1.55) per each issued Unit. Each warrant is exercisable into one Ordinary Share subject to payment of exercise
price of NIS 6.13 (USD 1.78) per warrant for a term of five (5) years from the issuance date of the offered warrants.
Issuance costs (of approximately
USD 29 thousands) and the placement proceeds were allocated on a relative fair value basis (USD 2.24 million to share capital and premium
and USD 1.35 million to the warrants); the warrants fair value was determined on the basis of the Black & scholes option pricing model.
The above private placement includes
645,028 units (representing a total investment of USD 1 million in cash), offered to Mr. Avraham Brenmiller - the Company’s controlling
shareholder and the Company’s Chief Executive Officer and Chairman of the Board - with the same terms and conditions, as offered
to the other investors.
The Investors and the controlling
shareholder received piggyback registration rights for their ordinary shares and associated warrants. The Company has agreed to file a
registration statement with the SEC to register the resale of the warrant shares thirty (30) days after becoming shelf eligible. Upon
effectiveness of such registration statement, the aforementioned piggyback rights shall expire. On June 29, 2023, the Company filed with
the SEC a registration statement of Form F-3 to affect the registration of the ordinary shares and warrants, as above.
The Investors are subject to certain
restrictions regarding resale of the Units, the Offered Shares and the shares underlying the Offered Warrants for Investors pursuant to
Israeli and U.S. laws.
| B. | An amendment to the Company’s compensation policy for officers and directors |
Pursuant to the approval of an
extraordinary meeting of the Company’s shareholders held on January 24, 2023, and as recommended by the Board of Directors and compensation
committee, the Company adopted an amendment to the Company’s compensation policy, which includes an efficiency plan to decrease
expenses and the Company’s burn rate, which plan may include, inter alia, exchanging accrued and unpaid cash salary to Company’s
employees and officers with equity-based compensation (the “Efficiency Plan”). The amendment presents the following changes
to the current compensation policy from August 25, 2022:
| i. | To allow the Compensation Committee and the Board of Directors to exchange basic salary with equity-based
compensation, either in whole or in part, by issuing Restricted Shares (“RS”) or Restricted Shares Units (“RSU”)
which will be vested on a monthly basis. In such case, the calculation of the RS and RSU value in comparison to the basic salary will
include a discount of up to 15%. |
| ii. | To allow the Compensation Committee and the Board of Directors to exchange accrued and unpaid cash salary
to office holders, including shareholders and /or relative of controlling shareholders, with RSU or any other equity-based compensation
in accordance with the Company’s option plan (as defined in the current compensation policy) with the following minimum terms: vesting
period of no less than one month, share price that will be calculated according to the average of Company’s market share price in
the last 5-30 days (at the Boards’ discretion), with a discount of up to 15%. |
| iii. | To grant equity-based compensation in exchange of accrued and unpaid employee’s salary to Mr. Avraham
Brenmiller. Following the above approval, the Company converted the unpaid salary balance of Mr. Brenmiller as at December 31, 2022 (in
respect of prior years) in the amount of NIS 790 thousand (approximately USD 225 thousand), into equity under the terms of the Private
Placement to the Investors and the Private Placement to Mr. Brenmiller, as described in A above, respectively, except the exercise period
as described below. Accordingly, the Company granted Mr. Brenmiller 148,217 units, consisting of 148,217 Ordinary Shares of NIS 0.02 par
value and 148,217 associated Warrants, at a price of NIS 5.33 (USD 1.55) per each issued unit. Each warrant is exercisable into one Ordinary
Share subject to payment of exercise price of NIS 6.13 (USD 1.78) per warrant and has a term of two (2) years as of the issuance date
of the warrants for Mr. Brenmiller. |
Under the above approved compensation
plan, the Company granted during the period to its employees and service providers : (a) 22,164 RSU shares in exchange for employees salary
of NIS 207 thousand (approximately USD 58 thousand); these shares vest mainly over 12 months, of which 3 months have vested), (b) 39,892
RSU shares in exchange for service providers salary of NIS 254 thousand (approximately USD 71 thousand); these shares vest mainly over
12 months, of which 6 months have vested), and (c) bonuses in fully vested 473,171 RS shares to employees and service providers, with
estimated value in the amount of NIS 2,328 thousand (USD 649 thousand).
In addition, following the approval
of the extraordinary shareholders meeting and the recommendation of the Board of Directors, the controlling shareholders were granted
share options (received instead of RSU, with no incremental value as of the modification date), as follows: 33,536 fully vested share
options in exchange for bonus payment in the amount of NIS 165 thousand (USD 46 thousand) and 13,643 share options in exchange for salary
of NIS 157 thousand (USD 44 thousand). In calculating the share options amount granted in exchange for salary, a 10% discount was taken
into account and they vest over a period of 12 months (of which 2 month have already vested).
| C. | Clean Energy production for an Israeli Beverage Producer: |
During the
period, the Company received an approval from the Israeli Ministry of Environmental Protection for a NIS 2.2 million (approximately USD
$610,000) grant, conditional on the built and installation of a bGen™ TES system at a beverage plant owned and operated by an Israeli
beverage producing company. The approved grant is to fund the clean energy project outlined in a Memorandum of Understanding (“MOU”)
between the Company and the beverage company. Through the proposed Energy as a Service (EaaS) joint venture Brenmiller’s bGen™
is to provide clean steam, replacing the fossil fuel-based steam boilers that currently power the beverages plant. The TES project is
expected to have a capacity of 35 MWh and a maximum capacity of 14 tons of steam per hour.
| D. | Dimona Israel Production Facility: |
The Company
is proceeding with the assembly of its TES gigafactory in Dimona, Israel, under the arrangement with EIB. The production facility is planned
to be Industry 4.0 compliant and will have a fully automated line with a production capacity of up to 4 GWh of its patented bGenTM
TES modules annually.
The Company
expects that it will be operational by the end of 2023 and plans to ramp-up the production line during 2024 and increase its production
capacity in order to reach the target of 4 GWh annually.
| E. | An agreement with sales agent |
On June 9,
2023, the Company, entered into a Sales Agreement with A.G.P./Alliance Global Partners (“the Sales Agent”), pursuant to which
the Company may offer and sell, from time to time, to or through the Sales Agent as agent or principal, ordinary shares, par value NIS
0.02 per share. The Ordinary Shares will be offered and sold pursuant to the Company’s currently effective registration statement
on Form F-3, the prospectus contained therein and the prospectus supplement filed with the Securities and Exchange Commission dated June
9, 2023, under which the Company may offer and sell its Ordinary Shares having an aggregate offering price of up to USD 9,350 thousand
from time to time through A.G.P..
| F. | June 2023 private placement |
On June 15,
2023, the Company completed a private placement offering of its securities for the aggregate gross proceeds of USD 2.5 million (NIS 8.97
million) with one of the Company’s shareholders, a Switzerland-based company. The placement included 2,487,778 units ( “Units”),
each Unit consisting of one ordinary share of the Company, par value NIS 0.02 per share (the “Ordinary Shares”), and one non-tradeable
warrant to purchase one ordinary share, at a price per Unit of $1.00.
The warrants
are exercisable at a price of NIS 4.4 (approximately USD 1.20) per share, reflecting a 33% premium over the market price of the Company’s
Ordinary Shares on The Nasdaq Stock Market LLC at the close on June 12, 2023. The warrants are exercisable beginning on June 12, 2024
and are exercisable until June 12, 2029.
Issuance
costs (of approximately USD 20 thousand) and the placement proceeds were allocated on a relative fair value basis (USD 1.57 million to
share capital and premium and USD 0.93 million to the warrants); the warrants fair value was determined on the basis of the Black &
scholes option pricing model.
|
X |
- DefinitionThe entire disclosure for events after the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 10 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=10&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS10_g17-22_IAS10_g17-22_TI -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Revenues
|
6 Months Ended |
Jun. 30, 2023 |
Revenues [Abstract] |
|
REVENUES |
NOTE 6 –
REVENUES - Other engineering services in 2023 are mostly in respect of the engineering milestones of the project in Romania (see Note
7 to the annual 2022 finacial statements), which was then terminated.
|
X |
- References
+ Details
Name: |
bnrg_Revenues1Abstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for revenue.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfRevenueExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Cost of Revenues
|
6 Months Ended |
Jun. 30, 2023 |
Costs and Expenses [Abstract] |
|
COST OF REVENUES |
NOTE 7 - COST
OF REVENUES
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
| |
| |
Salary and related expenses | |
| 392 | | |
| - | |
Consultants and subcontractors | |
| 112 | | |
| 5 | |
Operating costs not attributed to projects (mainly salary and related expenses) | |
| 628 | | |
| 878 | |
| |
| 1,132 | | |
| 883 | |
|
X |
- References
+ Details
Name: |
bnrg_CostOfRevenuesAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_CostOfRevenuesTextBlock |
Namespace Prefix: |
bnrg_ |
Data Type: |
dtr:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Research, Development and Engineering Expenses, Net
|
6 Months Ended |
Jun. 30, 2023 |
Research, Development and Engineering Expenses, Net [Abstract] |
|
RESEARCH, DEVELOPMENT AND ENGINEERING EXPENSES, NET |
NOTE 8 - RESEARCH,
DEVELOPMENT AND ENGINEERING EXPENSES, NET:
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
| |
| |
Total research, development and engineering expenses | |
| 1,758 | | |
| 2,730 | |
Less – grants | |
| (94 | ) | |
| (263 | ) |
| |
| 1,664 | | |
| 2,467 | |
|
X |
- References
+ Details
Name: |
bnrg_ResearchDevelopmentAndEngineeringExpensesNetAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe disclosure of research and development expense. [Refer: Research and development expense]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfResearchAndDevelopmentExpenseExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
X |
- References
+ Details
Name: |
bnrg_GeneralAndAdministrativeExpenseSAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe disclosure of general and administrative expenses. [Refer: Administrative expenses]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
v3.23.2
Financial Instruments
|
6 Months Ended |
Jun. 30, 2023 |
Financial Instruments [Abstract] |
|
FINANCIAL INSTRUMENTS |
NOTE 11 - FINANCIAL INSTRUMENTS:
| A. | Fair value estimates of financial instruments (that are not presented at fair value) |
The fair value of the loan from EIB
as at June 30, 2023, based on citations of interest rates in the market (level 2 of fair value hierarchy), approximates USD 3,623 thousand.
The book value of other financial balances constitutes a reasonable approximation of their fair value since the effect of capitalization
is not material.
| B. | Exchange rate of the US Dollar |
The exchange rates of the USD and the changes
therein during the reporting periods, are as follows:
| |
Six months ended
June 30, | |
| |
2023 | | |
2022 | |
| |
1 USD = | |
| |
| | |
| |
Exchange rate at June 30, | |
| NIS 3.70 | | |
| 3.50 NIS | |
| |
| | | |
| | |
Increase during the period | |
| 5.1 | % | |
| 12.5 | % |
|
X |
- References
+ Details
Name: |
bnrg_DisclosureOfFinancialRiskManagementTextBlockAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe disclosure of the entity's financial risk management practices and policies.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfFinancialRiskManagementExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Cost of Revenues (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Costs and Expenses [Abstract] |
|
Schedule of Cost of Revenues |
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
| |
| |
Salary and related expenses | |
| 392 | | |
| - | |
Consultants and subcontractors | |
| 112 | | |
| 5 | |
Operating costs not attributed to projects (mainly salary and related expenses) | |
| 628 | | |
| 878 | |
| |
| 1,132 | | |
| 883 | |
|
X |
- References
+ Details
Name: |
bnrg_CostOfRevenuesAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of cost and expenses relating periods explanatory.
+ References
+ Details
Name: |
bnrg_DisclosureOfCostAndExpensesRelatingPeriodsExplanatory |
Namespace Prefix: |
bnrg_ |
Data Type: |
dtr:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Research, Development and Engineering Expenses, Net (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
Research, Development and Engineering Expenses, Net [Abstract] |
|
Schedule of Research, Development and Engineering Expenses, Net |
RESEARCH,
DEVELOPMENT AND ENGINEERING EXPENSES, NET:
| |
Six months ended June 30 | |
| |
2023 | | |
2022 | |
| |
USD in thousands | |
| |
| |
Total research, development and engineering expenses | |
| 1,758 | | |
| 2,730 | |
Less – grants | |
| (94 | ) | |
| (263 | ) |
| |
| 1,664 | | |
| 2,467 | |
|
X |
- References
+ Details
Name: |
bnrg_ResearchDevelopmentAndEngineeringExpensesNetAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe disclosure of operating segments. [Refer: Operating segments [member]]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfOperatingSegmentsExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
X |
- DefinitionThe disclosure of general and administrative expenses. [Refer: Administrative expenses]
+ References
+ Details
Name: |
bnrg_DisclosureOfGeneralAndAdministrativeExpensetextBlock |
Namespace Prefix: |
bnrg_ |
Data Type: |
dtr:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_GeneralAndAdministrativeExpenseSAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
X |
- References
+ Details
Name: |
bnrg_DisclosureOfFinancialRiskManagementTextBlockAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the effect of changes in foreign exchange rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 21 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=21&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS21_g51-57__IAS21_g51-57_TI -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.23.2
Significant Events During the Period (Details) ₪ / shares in Units, $ / shares in Units, ₪ in Thousands |
|
|
|
6 Months Ended |
|
|
Jun. 15, 2023 |
Jun. 09, 2023
USD ($)
|
Feb. 16, 2023
USD ($)
|
Feb. 16, 2023
ILS (₪)
|
Jun. 30, 2023
USD ($)
$ / shares
shares
T
|
Jun. 30, 2023
ILS (₪)
shares
T
|
Jun. 30, 2023
₪ / shares
|
Jun. 09, 2023
₪ / shares
|
Significant Events During the Period (Details) [Line Items] |
|
|
|
|
|
|
|
|
The amount received from issuing ordinary shares |
|
|
$ 3,590,000
|
₪ 12,463
|
|
|
|
|
Investor agreements, description |
|
|
|
|
Under the investor agreements
the Company issued 2,338,264 units, each consisting of one Ordinary Share of NIS 0.02 and one non-registrable and non-tradeable warrant
at a price of NIS 5.33 (USD 1.55) per each issued Unit. Each warrant is exercisable into one Ordinary Share subject to payment of exercise
price of NIS 6.13 (USD 1.78) per warrant for a term of five (5) years from the issuance date of the offered warrants.
|
Under the investor agreements
the Company issued 2,338,264 units, each consisting of one Ordinary Share of NIS 0.02 and one non-registrable and non-tradeable warrant
at a price of NIS 5.33 (USD 1.55) per each issued Unit. Each warrant is exercisable into one Ordinary Share subject to payment of exercise
price of NIS 6.13 (USD 1.78) per warrant for a term of five (5) years from the issuance date of the offered warrants.
|
|
|
Issuance costs |
|
|
|
|
$ 29,000
|
|
|
|
Placement proceeds that was allocated to share capital and premium |
|
|
|
|
2,240,000
|
|
|
|
Total Investment of private placement |
|
|
|
|
$ 1,000,000
|
|
|
|
Basic salary discount percentage |
|
|
|
|
15.00%
|
15.00%
|
|
|
Market share price discount percentage |
|
|
|
|
15.00%
|
15.00%
|
|
|
Unpaid salary, description |
|
|
|
|
the Company converted the unpaid salary balance of Mr. Brenmiller as at December 31, 2022 (in
respect of prior years) in the amount of NIS 790 thousand (approximately USD 225 thousand), into equity under the terms of the Private
Placement to the Investors and the Private Placement to Mr. Brenmiller, as described in A above, respectively, except the exercise period
as described below. Accordingly, the Company granted Mr. Brenmiller 148,217 units, consisting of 148,217 Ordinary Shares of NIS 0.02 par
value and 148,217 associated Warrants, at a price of NIS 5.33 (USD 1.55) per each issued unit. Each warrant is exercisable into one Ordinary
Share subject to payment of exercise price of NIS 6.13 (USD 1.78) per warrant and has a term of two (2) years as of the issuance date
of the warrants for Mr. Brenmiller.
|
the Company converted the unpaid salary balance of Mr. Brenmiller as at December 31, 2022 (in
respect of prior years) in the amount of NIS 790 thousand (approximately USD 225 thousand), into equity under the terms of the Private
Placement to the Investors and the Private Placement to Mr. Brenmiller, as described in A above, respectively, except the exercise period
as described below. Accordingly, the Company granted Mr. Brenmiller 148,217 units, consisting of 148,217 Ordinary Shares of NIS 0.02 par
value and 148,217 associated Warrants, at a price of NIS 5.33 (USD 1.55) per each issued unit. Each warrant is exercisable into one Ordinary
Share subject to payment of exercise price of NIS 6.13 (USD 1.78) per warrant and has a term of two (2) years as of the issuance date
of the warrants for Mr. Brenmiller.
|
|
|
Employees and service providers, description |
|
|
|
|
(a) 22,164 RSU shares in exchange for employees salary
of NIS 207 thousand (approximately USD 58 thousand); these shares vest mainly over 12 months, of which 3 months have vested), (b) 39,892
RSU shares in exchange for service providers salary of NIS 254 thousand (approximately USD 71 thousand); these shares vest mainly over
12 months, of which 6 months have vested), and (c) bonuses in fully vested 473,171 RS shares to employees and service providers, with
estimated value in the amount of NIS 2,328 thousand (USD 649 thousand).
|
(a) 22,164 RSU shares in exchange for employees salary
of NIS 207 thousand (approximately USD 58 thousand); these shares vest mainly over 12 months, of which 3 months have vested), (b) 39,892
RSU shares in exchange for service providers salary of NIS 254 thousand (approximately USD 71 thousand); these shares vest mainly over
12 months, of which 6 months have vested), and (c) bonuses in fully vested 473,171 RS shares to employees and service providers, with
estimated value in the amount of NIS 2,328 thousand (USD 649 thousand).
|
|
|
Vested share options (in Shares) | shares |
|
|
|
|
33,536
|
33,536
|
|
|
Bonus payment amount |
|
|
|
|
$ 46,000
|
₪ 165
|
|
|
Share options (in Shares) | shares |
|
|
|
|
13,643
|
13,643
|
|
|
Amount exchange salary |
|
|
|
|
$ 44,000
|
₪ 157
|
|
|
Share options amount granted in exchange for salary |
|
|
|
|
10.00%
|
10.00%
|
|
|
Approval grant from the israeli ministry of environmental protection |
|
|
|
|
$ 610,000
|
₪ 2,200
|
|
|
Total capacity (in US Tons) | T |
|
|
|
|
14
|
14
|
|
|
Principal ordinary shares par value (in New Shekels per share) | ₪ / shares |
|
|
|
|
|
|
|
₪ 0.02
|
Ordinary shares aggregate offering price |
|
$ 9,350,000
|
|
|
|
|
|
|
Premium market price percentage |
|
|
|
|
33.00%
|
33.00%
|
|
|
Private Placement [Member] |
|
|
|
|
|
|
|
|
Significant Events During the Period (Details) [Line Items] |
|
|
|
|
|
|
|
|
Private placement amount (in Shares) | shares |
|
|
|
|
645,028
|
645,028
|
|
|
Warrants [Member] |
|
|
|
|
|
|
|
|
Significant Events During the Period (Details) [Line Items] |
|
|
|
|
|
|
|
|
Exercisable price | (per share) |
|
|
|
|
$ 1.2
|
|
₪ 4.4
|
|
Placement proceeds that was allocated to warrants |
|
|
|
|
$ 1,350,000
|
|
|
|
June 2023 Private Placement [Member] |
|
|
|
|
|
|
|
|
Significant Events During the Period (Details) [Line Items] |
|
|
|
|
|
|
|
|
Issuance costs |
|
|
|
|
20,000
|
|
|
|
Placement proceeds that was allocated to share capital and premium |
|
|
|
|
1,570,000
|
|
|
|
Private placement, description |
the Company completed a private placement offering of its securities for the aggregate gross proceeds of USD 2.5 million (NIS 8.97
million) with one of the Company’s shareholders, a Switzerland-based company. The placement included 2,487,778 units ( “Units”),
each Unit consisting of one ordinary share of the Company, par value NIS 0.02 per share (the “Ordinary Shares”), and one non-tradeable
warrant to purchase one ordinary share, at a price per Unit of $1.00.
|
|
|
|
|
|
|
|
June 2023 Private Placement [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
Significant Events During the Period (Details) [Line Items] |
|
|
|
|
|
|
|
|
Placement proceeds that was allocated to warrants |
|
|
|
|
$ 930,000
|
|
|
|
X |
- DefinitionThe amount received from issuing Ordinary Shares.
+ References
+ Details
Name: |
bnrg_AmountReceivedFromIssuingOrdinaryShare |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of debt issuance costs.
+ References
+ Details
Name: |
bnrg_DebtIssuanceCosts |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionDescription of employees and service providers.
+ References
+ Details
Name: |
bnrg_EmployeesAndServiceProviders |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionApproval grant from the Israeli Ministry of Environmental Protection.
+ References
+ Details
Name: |
bnrg_EnvironmentalProtection |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionPercentage of market share price discount.
+ References
+ Details
Name: |
bnrg_MarketSharePriceDiscount |
Namespace Prefix: |
bnrg_ |
Data Type: |
dtr:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of shares reserved for issue under options and contracts for the sale of shares.
+ References
+ Details
Name: |
bnrg_NumberOfSharesReservedForIssueUnderOptionsAndContractsForSaleOfShare |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of ordinary shares having an aggregate offering price.
+ References
+ Details
Name: |
bnrg_OrdinarySharesHavingAnAggregateOfferingPrice |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionPlacement proceeds that was allocated to share capital and premium.
+ References
+ Details
Name: |
bnrg_PlacementProceedsThatWasAllocatedToShareCapitalAndPremium |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionPlacement proceeds that was allocated to warrants.
+ References
+ Details
Name: |
bnrg_PlacementProceedsThatWasAllocatedToWarrants |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of premium market price percentage.
+ References
+ Details
Name: |
bnrg_PremiumMarketPricePercentage |
Namespace Prefix: |
bnrg_ |
Data Type: |
dtr:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of units of the private placement.
+ References
+ Details
Name: |
bnrg_PrivatePlacementAmount |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDescription of private placement.
+ References
+ Details
Name: |
bnrg_PrivatePlacementDescription |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPercentage of share options amount granted in exchange for salary.
+ References
+ Details
Name: |
bnrg_ShareOptionsAmountGrantedInExchangeForSalary |
Namespace Prefix: |
bnrg_ |
Data Type: |
dtr:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_SignificantEventsDuringthePeriodDetailsLineItems |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of total Investment of private placement amount.
+ References
+ Details
Name: |
bnrg_TotalInvestmentOfPrivatePlacementAmount |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe description of the nature of the benefits provided by a defined benefit plan (for example, final salary defined benefit plan or contribution-based plan with guarantee). [Refer: Defined benefit plans [member]]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 139 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_139_a_i&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DescriptionOfNatureOfBenefitsProvidedByPlan |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of dilutive potential ordinary shares that relate to the assumed exercise of the entity's share options.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 33 -IssueDate 2022-03-24 -Paragraph 70 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=33&code=ifrs-tx-2022-en-r&anchor=para_70_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 102 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_102&doctype=Standard -URIDate 2022-03-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 99 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_99&doctype=Standard -URIDate 2022-03-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 104 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_104&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_EmployeeBenefitsExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of long-term employee benefits other than post-employment benefits and termination benefits. Such benefits may include long-term paid absences, jubilee or other long-service benefits, long-term disability benefits, long-term profit-sharing and bonuses and long-term deferred remuneration. [Refer: Employee benefits expense]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 158 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_158&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_OtherLongtermBenefits |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe nominal value per share.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 79 -Subparagraph a -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_79_a_iii&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ParValuePerShare |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe percentage of the entity's revenue. [Refer: Revenue]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 34 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_34&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_PercentageOfEntitysRevenue |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe weighted average exercise price of share options exercisable in a share-based payment arrangement. [Refer: Weighted average [member]]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 45 -Subparagraph b -Clause vii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_45_b_vii&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019 |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
ifrs-full_ComponentsOfEquityAxis=bnrg_PrivatePlacementsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
ifrs-full_ComponentsOfEquityAxis=ifrs-full_WarrantReserveMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
X |
- DefinitionConsultants and subcontractors.
+ References
+ Details
Name: |
bnrg_ConsultantsAndSubcontractors |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate cost of goods produced and sold and services rendered during the reporting period.
+ References
+ Details
Name: |
bnrg_CostofRevenues |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionOperating costs not attributed to projects (mainly salary and related expenses).
+ References
+ Details
Name: |
bnrg_OperatingCostsNotAttributedToProjectsmainlySalaryAndRelatedExpenses |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_ScheduleOfCostOfRevenuesAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA class of employee benefits expense that represents wages and salaries. [Refer: Employee benefits expense]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 9 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_9&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_WagesAndSalaries |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.23.2
Research, Development and Engineering Expenses, Net (Details) - Schedule of Research, Development and Engineering Expenses, Net - USD ($) $ in Thousands |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Schedule of Research Development and Engineering Expenses Net [Abstract] |
|
|
Total research, development and engineering expenses |
$ 1,758
|
$ 2,730
|
Less – grants |
(94)
|
(263)
|
Total |
$ 1,664
|
$ 2,467
|
X |
- References
+ Details
Name: |
bnrg_ScheduleOfResearchDevelopmentAndEngineeringExpensesNetAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of total research, development and engineering expenses.
+ References
+ Details
Name: |
bnrg_TotalResearchDevelopmentAndEngineeringExpenses |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expenditure directly attributable to research or development activities, recognised in profit or loss.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2022-03-24 -Paragraph 126 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2022-en-r&anchor=para_126&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_ResearchAndDevelopmentExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of income recognised in relation to government grants. [Refer: Government grants]
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 20 -IssueDate 2022-03-24 -Paragraph 39 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=20&code=ifrs-tx-2022-en-r&anchor=para_39_b&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_RevenueFromGovernmentGrants |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.23.2
X |
- References
+ Details
Name: |
bnrg_ScheduleOfGeneralAndAdministrativeExpensesAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_112_c&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_DepreciationExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense relating to general and administrative activities of the entity.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_112_c&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_GeneralAndAdministrativeExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense arising from purchased insurance.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_112_c&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_InsuranceExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expenses incurred for the day-to-day servicing of assets, which may include the cost of labour, consumables or small parts.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_85&doctype=Standard -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_RepairsAndMaintenanceExpense |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.23.2
X |
- References
+ Details
Name: |
bnrg_FinancialInstrumentsDetailsLineItems |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe fair value of financial instruments designated as hedging instruments. Hedging instruments are designated derivatives or (for a hedge of the risk of changes in foreign currency exchange rates only) designated non-derivative financial assets or non-derivative financial liabilities whose fair value or cash flows are expected to offset changes in the fair value or cash flows of a designated hedged item. [Refer: At fair value [member]; Derivatives [member]; Derivative financial assets; Derivative financial liabilities; Financial instruments, class [member]; Financial assets; Financial liabilities]
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 22 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_22_b&doctype=Standard&book=b -URIDate 2022-03-24
+ Details
Name: |
ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue |
Namespace Prefix: |
ifrs-full_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
ifrs-full_TypesOfRisksAxis=bnrg_EuropeanInvestmentBankMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.23.2
X |
- References
+ Details
Name: |
bnrg_ClosingForeignExchangeRate1 |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDecrease during the year of the exchange rate.
+ References
+ Details
Name: |
bnrg_DecreaseDuringTheYearOfTheExchangeRate |
Namespace Prefix: |
bnrg_ |
Data Type: |
dtr:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
bnrg_ScheduleOfExchangeRatesAbstract |
Namespace Prefix: |
bnrg_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Brenmiller Energy (NASDAQ:BNRG)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Brenmiller Energy (NASDAQ:BNRG)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024