israeli-annual-reports

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Navigate and analyze Israeli corporate annual reports (dochot titkuftiim), financial filings, and regulatory disclosures. Use when user asks about Israeli annual reports, MAYA filings, IFRS financial statements, doch titkufti, dochot kaspiyim, or Companies Law reporting requirements. Covers TASE filing types, Israeli GAAP to IFRS transition, Hebrew financial terminology, and key financial statement analysis.

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Sourceskills-il/tax-and-finance

Added on2026-05-18

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Israeli Annual Reports

Reporting Framework

Israeli public companies adopted IFRS in 2008. Prior reports use Israeli GAAP. Banks follow BOI adaptations. Insurance companies follow IFRS 17, which was implemented starting January 1, 2023. As of 2026, most Israeli insurance companies have successfully completed their IFRS 17 transition, though some continue to refine their implementation processes.

Report Types and Deadlines

Report	Deadline	Content
Annual (Doch Titkufti)	3 months after year-end	Audited financials, board report
Quarterly (Doch Rivoni)	2 months after quarter	Reviewed interim financials
Immediate (Doch Miyadi)	Hours after event	Material events
Shelf Prospectus	Validity period subject to current regulations	Securities offering framework

Annual Report Structure

Part A: Description of Business (operations, markets, risks)
Part B: Board Report (MD&A, financial review)
Part C: Financial Statements (balance sheet, P&L, cash flow)
Part D: Additional Information (officer compensation, audit committee)

Key Hebrew Financial Terms

Maazan = Balance Sheet
Doch Revach VeHefsed = Income Statement
Hachnasot = Revenue
Revach Naki = Net Profit
Nechasim Shotfim = Current Assets
Monitin = Goodwill
Odfim = Retained Earnings
Tzad Kashur = Related Party

Companies Law Requirements

Sec. 171: Annual financial statements obligation
Sec. 172: Board approval required
Sec. 267-269: Audit committee requirements
Sec. 270-275: Related party transaction approvals

Examples

Example 1: Analyze a TASE-Listed Company's Annual Report

User says: "Help me understand Teva's latest annual report from MAYA" Actions:

Identify report type: Annual Report (Doch Shnati) filed on MAYA system
Locate key sections: Balance Sheet (Maazanit), Income Statement (Doch Revach VeHefsed), Cash Flow
Extract key metrics: revenue, operating profit, net profit in NIS
Compare with previous year and sector benchmarks
Note auditor opinion and any qualifications Result: Structured analysis of annual report with key financial highlights in context

Example 2: Compare Israeli Bank Financial Statements

User says: "Compare Leumi and Hapoalim annual reports" Actions:

Pull latest annual reports from MAYA (access through current TASE filing system)
Extract comparable metrics: total assets, net income, ROE, capital adequacy
Normalize data to NIS millions for comparison
Note regulatory differences in reporting (Bank of Israel requirements)
Create comparison table with key ratios Result: Side-by-side comparison of two Israeli banks' financial performance

Bundled Resources

Scripts

```
scripts/financial_parser.py
```
-- Hebrew-English financial term glossary with search functionality covering balance sheets, income statements, and MAYA filings. Run:
```
python scripts/financial_parser.py --help
```

References

```
references/hebrew-financial-terms.md
```
-- Complete Hebrew-English financial terminology reference with tables for financial statements, income statement items, MAYA filing types, and Israeli accounting standards (IFRS-IL). Consult when translating financial terms or navigating Hebrew financial documents.

Gotchas

Israeli fiscal year follows the calendar year (January-December), not the US October-September fiscal year. Agents trained on US data may assume the wrong fiscal year boundaries.
IFRS is the mandatory reporting standard for Israeli public companies since 2008. Agents may generate US GAAP-formatted financial statements, which are not compliant in Israel.
Israeli annual reports are filed with MAYA (the TASE electronic filing system), not with the SEC. Agents may reference EDGAR or SEC filing conventions.
Monetary amounts in Israeli reports use NIS (New Israeli Shekel), not ILS. While the ISO code is ILS, the common abbreviation in reports is NIS or the shekel sign.

Troubleshooting

Error: "Cannot find report on MAYA system"

Cause: Company may file under a different Hebrew name or subsidiary Solution: Search MAYA by securities number (mispar niyar) rather than company name. Hebrew company names may differ from the English trading name.

Error: "Financial terms not matching standard translations"

Cause: Israeli companies sometimes use non-standard Hebrew financial terminology Solution: Consult

references/hebrew-financial-terms.md

for standard terms. Some companies use colloquial Hebrew instead of formal accounting terms (e.g., "רווחים" instead of "רווח נקי").